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The ordinal 3 could not be located in the dynamic link library C:\GOG Games\Baldur's Gate\BGMain2.exe

This is the second time I have had this error, tried to play Might and Magic 9 yesterday but got that error, got an email back from GOG today saying that its not compatible on my machine (windows 8) checked the 'works on' section before downloading these 2 games and windows 8 is listed but still getting this error.

Please help if there is a fix to play games with this error or it looks like this might be my last GOG download.
Did you try running the installer in compatibility mode? and the icon it makes on the desktop as well?

sometimes windows 8 or 8.1 has some issues locating installed games... happens to my friend sometimes but a re install with the said above options been working for him so give it a shot and see how it goes. :)
Odd, I've been able to play Might & Magic 9 on my old Windows 8 laptop, and I've played Baldur's Gate 2 on my Windows 8.1 laptop (I can't remember if I ever tried it on my windows 8 laptop).

Are you using the GOG installer and is it creating a shortcut on the desktop?