Mercans Bangladesh Limited is Multinational Payroll management Company having operation and office in more than 140 countries. Today, they hold over 700 specialists, managing 8000 clients worldwide. Their goodwill can only be illustrated through their 20 years of consistent success.
The multinational company was facing a challenge with incorporation in Bangladesh, while a suitable accountant was required to look after their accounts, payroll management and compliance activities.
ACCLOW was initially required to perform their incorporation in Bangladesh with RJSC. We were asked to simultaneously manage the monthly, quarterly, half-yearly and yearly compliance activities along with maintaining day-to-day books and employee payroll.
To effectively complete the incorporation process, we liaison with corporate banks and RJSC. This assures a smooth process of formation. Mercans Bangladesh Limited had a total of 15 employees, upon whom we advised and performed individual tax planning, processed and prepared monthly pay slips, and assisted in submitted taxes to government treasury. Our team comfortably complied with all regulatory deadlines to avoid imposition of penalties, and guided the company to adopt good governance practice for a sustainable future.
By outsourcing to ACCLOW, the company’s need to hire any in-house Finance and Accounting staff was zero for the last 3 years! Their payroll magnitude and revenue were almost tripled during the same period.