5 most frequently asked questions about EOR

1. How can we engage a worker in a country where my business has no presence or establishment?

In countries where your company does not have a business entity, you can still legally employ local workers. Our clients do not have to form a local entity. That is one of the core benefits of our EOR service

2. Will we need to set up bank accounts in the country we wish to engage a worker in?

No, foreign banking facilities and local funds are not required. We manage the foreign payments in the local currency, and then invoice the client in GBP, Euros or USD. However, in most countries, the worker being paid will need to have an in-country bank account to receive funds in the local currency.

3. How can I pay my foreign worker compliantly?

Through our employer of record service, we are responsible for managing payroll compliance and ensuring both the worker, the social security office and the local tax authorities are paid correctly and on time. All you need to do is to agree what to pay the worker, have them sign the approved in-country worker contract, adhere to the agreed upon payroll schedule and leave the rest to us.

4. How do we know what benefits we have to provide for the worker?

The laws on benefit provisions are completely unique to each country. By becoming the employer of record, become responsible for ensuring all statutory benefits are provided to the worker.

5. What type of employment contract should I be providing to the worker?

The type of employment contract you offer the worker will typically depend on the reason you wish to engage them. Depending upon what is legally acceptable in country, we offer clients the flexibility of multiple contract types, from short-term project-based to indefinite long term workers. We work with each individual client to understand their needs and guide them to the most appropriate solution.

Want to know more about EOR service? Contact Our Advisors here