- Overview: Pakistan
- Global PEO and payroll
- Global HR Compliance
- Work permit for hiring expats via PEO
- Expand without a company set up
- Contractor vs. employee: which is better?
- Global Payroll Calculator
Global Employer of Record in Pakistan
Crafted to bolster global expansion, our Global Employer of Record (EOR) solution enables international companies to tap into top-tier global talent for their projects. It’s an effective, risk-free, and economical alternative for hiring and compensating your workforce in Pakistan and beyond.
Taking on the complexities of legal compliance, Acumen’s EOR solution is responsible for legally employing and paying your local and foreign talent in Pakistan. This ensures your business operations proceed smoothly while avoiding unnecessary legal entanglements.
Express Global Employment, as a reliable provider of Global Employer of Record services, facilitates businesses in legally engaging and compensating their chosen high-calibre professionals in Pakistan. To successfully attract and retain such talent, it’s crucial for businesses to offer competitive salaries in alignment with local market standards.
With Acumen’s Global EOR service, businesses gain access to a cost-effective, efficient alternative to traditional hiring. This solution opens up opportunities for your business to operate seamlessly in Pakistan and across 190 international markets, circumventing the need for registering as a local entity.
Global EOR or Legal Entity? Choosing the Right Path for Business Expansion in Pakistan
Navigating the complexities of international business expansion is challenging, particularly when considering the legal and administrative implications of establishing and maintaining a legal entity in a foreign country. In the context of Pakistan, this process can become even more demanding due to the country’s specific legal and employment framework. Utilising a Global Employer of Record (EOR), such as Express Global Employment, provides an effective alternative that significantly simplifies international business operations.
The process of establishing a legal entity in Pakistan involves substantial time, resources, and a deep understanding of local labour laws, tax regulations, and business customs. Maintenance of the entity demands continuous monitoring and adaptation to ongoing changes in these regulations. This administrative burden detracts valuable resources from the company’s core activities and objectives.
In contrast, utilizing a Global EOR alleviates these burdens by acting as the legal employer on behalf of the company. The EOR manages the intricate tasks of payroll, tax reporting, benefits administration, and compliance with local labour laws. By ensuring that your company’s operations align with Pakistan’s regulations, an EOR mitigates the risk of non-compliance penalties.
A Global EOR also offers a substantial advantage in terms of speed and flexibility. Setting up a foreign legal entity can take months or even longer, whereas partnering with an EOR allows companies to hire and onboard employees within days. This speed to market can provide a significant competitive advantage, especially in dynamic sectors where talent demand fluctuates rapidly.
Global EOR (Employer of Record) Services: Save Up to 80% of Employee Management Cost
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 Solutions
Employing globally is no longer a maze of local setups and legal hurdles. With Express Global Employment, you can build a global team seamlessly. Benefit from our comprehensive, compliant, and efficient global employment solutions that eliminate the complexity of international hiring. From contract generation to seamless integration, we ensure that your expansion is as limitless as your ambition.
Global Mobility Support
Our global mobility support is about turning complexity into simplicity. We expedite onboarding and immigration procedures, ensuring your global talent is ready to engage and deliver results swiftly. By eliminating red tape and administrative burdens, your team can focus on what they do best, propelling your business forward in every corner of the globe.
Global Payroll & Benefits, Handled
Financial well-being is critical to employee satisfaction. That’s why we navigate the intricacies of international payroll and benefits with expertise. Our solutions offer your workforce a competitive and fully compliant financial package, wherever they may be. With Express Global Employment, you can assure your team that their compensation is globally competitive wherever they are in the world.
Borderless Expansion, No Entity Needed
Launch your workforce in 190 countries without the burden of establishing local entities. Our all-in-one global employment solution allows quick, compliant onboarding and talent management. You can immediately scale up your operations and seize international opportunities with Express Global Employment as your guide.
New Markets. Zero Risks.
Expanding your business’s horizons should not multiply its risks. Protect your global ventures from compliance pitfalls with our expert guidance. We manage the complexities of employee classification and permanent establishment risks, ensuring that your expansion is secure and strategically sound. With us, new markets mean new opportunities, not new worries.
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 specialised 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 |
Businesses in the process of expanding globally often face challenges when it comes to compliantly onboarding employees in foreign countries. In most cases, legal compliance requires the establishment of a legal in-country business entity, a complex, costly and time-consuming process that many employers are not ready to undertake.
To help your organization legally onboard and payroll a workforce in Pakistan, Acumen International offers a global employment solution via our Global Employer of Record (EOR) designed to help you circumvent the legalities of direct hiring, eliminating the need for you to establish a legal entity in Pakistan in order to conduct business there.
Spotlight on Pakistan
Pakistan (the Islamic Republic of Pakistan) is a country located in Southern Asia, bordering India to the east, Iran to the west, Afghanistan to the north, and the Arabian Sea to the south. Pakistan is ranked amongst the emerging and growth-leading economies, with a large and rapidly growing middle class.
Key Facts
- Capital: Islamabad
- Population: 239,632,000 (July 2023), the fifth most populous country in the world
- Official language: Urdu and English
- Local currency: Pakistani rupee (₨; code: PKR)
- Labor Force: 68.24 million (2022)
- Industries: Agriculture accounts for one-fifth of output and two-fifths of employment.
- Import/Export partners: Textiles and apparel account for more than half of Pakistan’s export earnings. Export commodities include fabrics, leather goods, rice, and surgical instruments. The key export partners are the United States, the United Kingdom, Germany, and China. The main countries for the import of refined and crude petroleum, natural gas, palm oil, and scrap iron are the United Arab Emirates, China, and the United States.
- Minimum wage: For the financial year 2023-24, the minimum wage has been increased from Rs 21,000 to Rs 25,000 per month.
Recent Developments
- Pakistan’s economy is expected to grow by 5.9% in 2023, making it one of the fastest-growing economies in the world.
- The government is investing heavily in infrastructure development, including roads, railways, and power plants.
- Pakistan is also promoting tourism, with a focus on its natural beauty and historical sites.
Future Outlook
Pakistan has the potential to be a major economic power in the region. The government’s focus on infrastructure development, tourism, and economic growth is encouraging. However, Pakistan will need to address its challenges in order to reach its full potential.