- Overview: Brunei
- Expand without a company set up
- Global HR Compliance
- Global PEO and payroll
- Work permit for hiring expats via PEO
- Contractor vs. employee: which is better?
- Global Payroll Calculator
Employer of Record (EOR) in Brunei
Definition of Global Employer of Record (EOR)
A Global Employer of Record (EOR) is a service provider that allows companies to hire employees in foreign countries without establishing a legal entity in those jurisdictions. Essentially, the EOR serves as the legal employer for your international workers, handling tasks such as payroll, tax withholding, benefits administration, and compliance with local employment laws. This allows the client company to focus on their core business activities while expanding into new markets, including Brunei, without the administrative burden of maintaining a local presence.
Employer of Record vs. Global Employer of Record
While both an Employer of Record and a Global Employer of Record perform similar functions, the key difference is in their geographic scope. An Employer of Record typically operates within a single country or a specific jurisdiction, helping businesses with local employment needs. In contrast, a Global Employer of Record has the capacity to manage employment tasks across multiple countries, offering a single point of contact for global workforce management.
New Markets Expansion with a Global Employer of Record
This international talent engagement model is especially advantageous for companies expanding into new markets. Typically, such expansion would require establishing a local legal entity, a time-consuming process laden with bureaucratic hurdles. Global EOR circumvents this necessity. It allows companies to deploy staff in multiple jurisdictions without navigating the complexities of local employment laws, tax structures, and compliance norms. This streamlined approach eliminates the daunting upfront investment and operational costs of establishing a foreign subsidiary or business unit.
The flexibility of a Global EOR model makes it ideal for market testing and agile operations. Companies can quickly enter and exit markets, scaling their workforce up or down based on real-time needs and market conditions. Not only does this minimise risk, but it also preserves the company’s existing tax structure and corporate governance framework. The result is a more efficient, compliant, and strategic approach to international business expansion.
Global EOR (Employer of Record) Services: Save Up to 80% of Employee Management Cost
Regarding international business expansion, traditional methods often come with high costs and long timelines. Setting up a legal entity in a new country requires significant investment and time-consuming due diligence, from legal compliance to administrative setup. Our table below paints a stark picture: The conventional approach can rack up costs of more than $74,000 and take over 10 weeks to get off the ground.
Express Global Employment offers a game-changing alternative through our Global Employer of Record (EOR) services. We drastically cut your market entry costs to approximately $15,000 and reduce the time-to-market to 72 hours. And that’s just the tip of the iceberg. From eliminating the need for in-house staff to manage your foreign entity to drastically reducing legal advisor fees, our Global EOR solution offers unparalleled efficiency and cost-effectiveness.
In the table below, compare the average costs and time involved in traditional expansion methods versus our streamlined Global EOR service, and discover how you could save up to 80% on employee management costs.
Average Cost & Time | Our Solution * | |
---|---|---|
Time to Market | 10+ weeks | 72 hours |
Legal Advisors Fees | $ 10 000 + | …………. |
Official Employment & Benefits | $ 20 000 + | …………. |
Incorporation & Liquidation Costs | $ 11 000 + | …………. |
Bank Account Setup | $ 2 000 + | …………. |
Maintenance costs and in-house staff to manage the foreign entity, payroll set-up, and administration. | $ 25 000+ | …………. |
The approximate total cost of new market entry** | $ 74 000 + | $ 15 000 |
* Per one Employee
** Costs vary from country to country
Global Employment Solution in Brunei
Navigating the labyrinthine laws and regulations of international expansion is often daunting for businesses, especially when compliantly hiring employees abroad. The typical course of action involves setting up a local legal entity in a foreign country, a venture that can be both resource-intensive and time-consuming.
Express Global Employment offers a transformative alternative with our specialized Global Employer of Record (EOR) services in Brunei. Instead of burdening your organization with the complexities of establishing a local entity, we step in as your on-the-ground employer for legal and administrative functions. By doing so, we mitigate risks, accelerate your time-to-market, and allow you to concentrate on your core business objectives while ensuring you stay fully compliant with Brunei’s specific labour laws and regulations.
Opt for Express Global Employment’s Global EOR services and redefine how you think about Brunei’s workforce expansion. Experience a compliant, streamlined, cost-effective way to grow your international presence.
1. Recruitment |
2. Global Mobility |
3. Checks |
4. Onboarding |
5. Payroll Administration |
6. Working Time & PTO Processing |
7. Benefits Administration |
8. Tax Administration & Reporting |
Offboarding |
Talent skilled in highly-specialized areas | Employee Work Visa and Work Permit sponsorship | Health checks | Employment Agreement drafting | In-country registration with statutory bodies | Working hours | Mandatory Benefits | Tax Reporting frequency and requirements; | Employment agreement termination: |
Executive search | Dependent Visa | Criminal record checks | Compliant worker onboarding on your behalf | Day-to-day payroll management | Overtime | Health insurance | Employer taxes & contributions | Dismissal – by the employer |
Contingency workforce | Visa extension | Background checks | Account setup in the payroll and HR system | Monthly pay slips or other pay frequency | Public holidays | Workers’ compensation | Employee taxes & contributions | Resignation – by the employee |
Application for a sponsor license for a foreign national | Education checks | Employee data entry and records maintenance | Accruals | Annual leave | Unemployment insurance | Withholding tax | Termination by mutual agreement | |
Relocation assistance | Managing probation periods | Allowances | Parental leave | Voluntary Benefits | Local tax payments and reporting to local authorities | Notice period handling | ||
13th and 14th salary | Sick leave | Share plans for executives | End of financial year reporting | Final settlement & severance payments | ||||
Additional leave | Bonuses & Equipment provision | De-registration with statutory bodies | ||||||
Expenses reimbursement & business trip processing | ||||||||
Health insurance, dental treatment |
Spotlight on Brunei
- Location – Brunei is located on the north coast of the island of Borneo in Southeast Asia.
- Capital – Brunei’s capital city is Bandar Seri Begawan.
- Population – Brunei has a population of approximately 460,345
- Currency – The national currency of Brunei is the Brunei dollar
- Holidays – Brunei has 7 major public holidays: New Year’s Day, Chinese New Year, Chinese New Year Holiday, National Day, National Day Holiday, Israk and Mikraj, and Awal Ramadhan.
Elevate Your Global Workforce Strategy with Global Employer of Record Services in Brunei and Beyond
Breaking into new international markets is an exciting yet challenging venture, complicated by intricate legal frameworks and varied employment landscapes. That’s where Express Global Employment’s Global Employer of Record (EOR) services can be your strategic advantage. We specialize in the seamless hiring, payment, and management of your team members, wherever they may be.
Our Global EOR services go beyond mere compliance; they offer an integrated, singular platform for efficient workforce management in Brunei and globally. Our expertise becomes your asset—freeing you to focus on your core business while we care for your most valuable resource: talent.
7 Strategic Benefits of Our Global EOR Services
- Streamlined Talent Acquisition: Employ top-tier talent without the administrative burden of establishing a local entity in each new market.
- Global Mobility Support: Retain your high-performing employees by offering flexible relocation opportunities across international borders.
- Market Exploration: Safely and efficiently test the waters in new markets without a heavy upfront investment.
- Bridging Operational Gaps: Use our services to navigate hiring delays as you establish new operations, ensuring business continuity.
- Risk Mitigation: Convert independent contractors into EOR-supported employees, reducing your exposure to financial and legal liabilities.
- M&A Transitioning: Execute seamless and cost-effective employee transitions during mergers and acquisitions.
- Smooth Divestitures: Manage the sale or spin-off of business units without causing disruptions to your day-to-day operations.
Trust Express Global Employment to be your navigator and supporter as you scale the heights of global business expansion. We’re not just a service provider but your strategic partner in global talent management.