Freelancers will receive cash incentives on earnings from 55 marketplaces

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The government has approved 55 international online marketplaces for freelancers in the country, making their income from these platforms eligible for a 4% cash incentive against exports of software, IT-enabled services (ITES) and hardware.

A senior central bank official said there are many platforms to make money online – there are also some very popular but shady sites. Initially, the ICT Division defined these 55 markets as valid platforms for cash incentive facilities.

This will help both bankers and independents to ensure incentives are earned against export earnings, the official said.

According to a Bangladesh Bank circular on Sunday, the marketplaces are Upwork, Fiverr, Freelancer, Guru, People Per Hour, Toptal, FlexJobs, 99designs, SimplyHired, Aquent, PubLoft, Designhill, Bark, Golance, FreeUp, Hubstaff Talent, SolidGigs, We Work Remotely, Gigster, Dribbble, Behance, CloudPeeps, Envato, Hackerone, Amazon Mechanical Turk, Shutterstock, Adobe Stock, iStock, Depositphotos, 123rf, Pond5, Dreamstime, Creative Market, CanStockPhoto, Alamy, Unity Asset Store, Sketchfab , Freepik, Awin, Shareasale, Flexoffers, MaxBounty, Tradedoubler, CJ Affiliate, Viglink, JVZoo, Rakuten, ClickBank, Amazon Associates, Walmart, Google AdSense, Facebook Monetization, YouTube Monetization, AppStore and Playstore.

Freelancers, who work with IT-related software and services in different international markets for global clients, get this cash incentive against their foreign currency earnings up to $5,000.

The government has been offering a 4% cash incentive to freelancers on their earnings by exporting services since September last year to patronize online workers and attract more young people to the sector.

The central bank has recently simplified the cash incentive procedure for the self employed that the government will provide the incentive right after verifying the declared income of the self employed. Previously, this required a lot of documents.

The central bank has labeled the freelancers’ export products as “software and information technology-based services”, which include digital content development and management, animation (2D and 3D), information services, computer support and software maintenance services, website services, business process outsourcing, data entry, data processing, call center, graphic design (digital service), optimization search engines, web referencing, e-commerce and online shopping, document conversion, imaging and archiving, software or application customization, website development, website hosting, digital data analysis, testing lab services software, overseas medical transcription, robotic process outsourcing and cybersecurity services.

The country currently receives nearly $300 million through banking channels from ICT service exports.

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