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Employ Candidates Compliantly in Sri Lanka

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  1. Overview: Sri Lanka
  2. Work permit for hiring expats via PEO
  3. Contractor vs. employee: which is better?
  4. Global PEO and payroll
  5. Global HR Compliance
  6. Expand without a company set up
  7. Global Payroll Calculator
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Global Employer of Record in Sri Lanka

What Is a Global Employer of Record?

The global Employer of Record (GEO) service is a new way for companies to hire workers in other countries. Companies can reduce administrative costs and improve compliance with local labour laws using the GEO (Global Employer of Record).

Previously, finding workers from other countries was time-consuming and required extensive research into local laws and regulations. With a Global Employer of Record, employers can employ their pre-selected qualified workers worldwide in just minutes without taking on the cost and risk of establishing a local entity. The Global EOR also provides valuable HR support and compliance assistance, making it easier for businesses to thrive in a competitive global marketplace. The Global EOR offers employers access to a single point of contact for all their foreign employment needs, from complying with local labour laws to managing payroll and benefits.

All-In-One Global Employment Solution in Sri Lanka

Express Global Employment provides comprehensive services for building a global team, handling all aspects from hiring to compliance. Here’s what we can do:

  • Global Mobility Support: Simplifies onboarding and immigration, enabling quick onboarding and engagement of international talent.
  • Effortless Onboarding: Streamlines global employee onboarding to enhance productivity and speed up results.
  • Global Payroll & Benefits Management: Manages international payroll and benefits, ensuring compliance and competitive compensation.
  • Borderless Expansion Without Local Entities: Facilitates workforce expansion in 190 countries, removing the need for local business entities.
  • Hire Internationally, Operate Everywhere: Offers support for scaling operations and seizing international opportunities swiftly.
  • Risk-Free Market Navigation: Provides expert guidance for secure expansion, managing permanent establishment, employee misclassification risks and compliance challenges in new markets.

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

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Global Employer of Record (EOR) in Sri Lanka —  One-Stop Destination for Global Businesses

Managing the employment side of your business can be a full-time job in and of itself. There are many options to consider when it comes to finding help, from payroll companies and tax and immigration advisors to employee benefits brokers to human resource consultants.

One alternative to working with numerous vendors is partnering with a Global Employer of Record (EOR). International Employers of Record can manage all aspects of your business’s human resources, from benefits and payroll to unemployment management and safety training. This can free up your time so that you can focus on running your business.

A Global Employer of Record can provide a full suite of services to help you replace the following numerous vendors.

  1. Payroll Company
  2. Employee Benefits Broker
  3. HR Consultants
  4. Background Checks Vendors
  5. IP Attorney
  6. Tax Advisor
  7. Translation service
  8. Legal Advisor
  9. Immigration Advisor
  10. HR Compliance Advisor.
  11. Licensing Consultancy

How a Global Employer of Record Helps Transform Challenges into Solutions in Sri Lanka

This table outlines the challenges of in-house operations in international business expansion and the solutions offered by a Global Employer of Record (EOR). The challenges span from labour law compliance, obtaining work permits, payroll management, and setting up a legal entity in a foreign market.

A Global EOR can effectively address these issues, ensuring regulatory compliance, managing permits and payroll, negating the need to establish a foreign legal entity, etc.

Therefore, partnering with a Global EOR offers companies the advantage of reducing administrative burdens, mitigating risks, and focusing more on core business activities.

Factor The Challenge for Your In-House Operations Global EOR Solution
Labour law compliance Establishing and maintaining compliance with local labour laws and regulations can be time-consuming and complex, requiring specialized knowledge and resources. With a Global EOR, the responsibility for ensuring compliance with local labour laws and regulations is taken on, providing peace of mind and freeing up valuable time and resources.
Work permits and visas Obtaining the necessary permits and visas required for foreign employees can be complicated, with potential delays or errors disrupting the business. Global EOR can provide immigration support and take on the process of obtaining necessary permits and visas for foreign employees, ensuring a smooth and efficient process.
Payroll management Handling payroll processing, tax reporting, and compliance with local labour laws and regulations can be a significant administrative burden for employers. Global EOR can handle payroll processing, tax reporting, and compliance with local labour laws and regulations, freeing up time and resources for employers.
Benefits provision Developing and providing a competitive benefits package in the local market and compliant with local laws and regulations can be challenging and time-consuming. Global EOR can develop and provide a competitive benefits package in the local market and compliant with local laws and regulations, reducing the burden on employers.
Legal entity establishment Establishing a local legal entity in the foreign market to comply with local laws and regulations can be lengthy and costly, requiring specialized knowledge and resources. Global EOR eliminates the need for establishing a local legal entity in the foreign market, providing a cost-effective and efficient solution.
HR policy development and implementation Developing and implementing a compliant HR policy that aligns with local laws and regulations can be complex, requiring specialized knowledge and resources. Global EOR can develop and implement a compliant HR policy that is in line with local laws and regulations, providing a standardized and efficient solution.
Background checks Conducting background checks on potential employees to ensure they are qualified and not pose a risk to the business can be time-consuming and complex, requiring specialized knowledge and resources. Global EOR can conduct background checks on potential employees, providing a standardized and efficient solution.
Global employment expertise Expanding into foreign markets requires a high level of global employment expertise in areas such as labour laws, tax regulations, and cultural differences. Global EORs have global employment expertise across multiple jurisdictions, providing valuable guidance and support for startups looking to expand into foreign markets.

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Spotlight on Sri Lanka (Updated as of 2023)

Sri Lanka, an island nation off India’s coast, boasts a rich cultural heritage, stunning natural beauty, and a diverse population.

Key Facts

    • Location: Indian Ocean
    • Capital: Sri Jayawardenepura Kotte
    • Population: 22.5 million (estimated 2023)
    • Currency: Sri Lankan rupee (LKR)
    • Holidays: Sinhala and Tamil New Year, Duruthu Full Moon Poya Day, Navam Full Moon Poya Day, National Day, Mahasivarathri Day, Good Friday
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