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Employ Candidates Compliantly in The Cayman Islands

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

What Is an Employer of Record

Different businesses have different needs when it comes to hiring employees. The Employer of Record international talent engagement model may be a good fit for fast-growing tech businesses and startups that need to take on people quickly and easily. 

An Employer of Record (EOR) is a business that employs workers on behalf of another company. The EOR arrangement is often used when an organization wants to hire employees in a foreign country. EORs can be used as an alternative to setting up a branch or company in the jurisdiction of employees. This can save time and money by avoiding having to go through the process of setting up a separate legal entity.

All-In-One Global Employment Solution in the Cayman Islands

Express Global Employment provides comprehensive services for building a global team, handling all aspects from hiring to compliance. Here’s what a Global Employer of Record 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

Global Knowledge. Local Expertise and Support

  • Faster time-to-hire with streamlined paperwork and communication
  • One solution to onboard and manage all team members
  • Streamlined global payroll, consistent benefits
  • Single source of truth for contracts and documents
  • Dedicated customer service
  • 24/7 local support
  • Simplified hiring for Full-time employees and contractors
  • Expertise with hiring and firing local and foreign workforce.

Global Payroll Set Up and Administration

When setting up payroll in the Cayman Islands, having an employment contract is a legal requirement in this country. It should have all the details of the employee’s responsibilities, taxes, compensation, perks, grievance and disciplinary procedures, and even termination and immigration requirements if required. 

An employee offer letter in the Cayman Islands should always have the salary and compensation amounts listed in local currency instead of foreign currency.  It is advisable to list salary and compensation amounts in the local currency rather than foreign currency in an offer letter. The legal requirements for an employment agreement in the Cayman Islands are relatively basic, and most such contracts tend to be more comprehensive than the law stipulates. It is advisable to draft such an employment contract under the recommendations of a Professional Employer Organisation in the Cayman Islands.

7 Reasons to Work With a Global Employer Has to Be on Your Radar

Payroll taxes and service fees can be an enormous burden for employers. Many companies use a Global EOR (Employer of Record) to help with these costs. PEOs typically charge a percentage of the total payroll, including employee insurance fees. It can be challenging to determine the actual costs for these services, especially when some employer taxes are only paid on wages up to a certain threshold.

1. Single Global Service Agreement

A global PEO can cover all your international projects within a single contract and add new employees and services as you expand your global workforce in new countries.

2. No Required Minimums

We accept projects of any length, with any number of employees.

3. Flexible Pricing

At Express Global Employment, we adjust your pricing based on the project employee number, whether you need to scale up or down.

4. End-to-end Global Employment Solution

We manage all your global services, including employment, recruitment, immigration, legal and global HR consulting, saving you valuable time. And Express Global Employmentcovers the cost and saves you the effort of finding and selecting local employment-related service providers.

5. Avoid Lawsuits

You should become a Global Employer of Record if you don’t want to get sued. Doing so limits your vulnerability to lawsuits by ensuring compliance procedures are followed, taxes are paid correctly, and payroll is appropriately managed.

6. Reduced Expenses 

A global employer of record (EOR) will bundle the cost of payroll, benefits, and workers’ compensation onto one payroll. The EOR will also handle tax filing on your behalf. This means that you only pay one set fee per month for all services, which can save you time and money by preventing multiple invoices from being mailed to you. 

7. Free Yourself from HR Hassles with a Global Employer of Record

When you partner up with a Global Employer of Record, you’ll have someone who’s always there to handle the small and large tasks that are going to come up in your HR department. You’ll never have to worry about filling out paperwork or managing new hires again—you can focus all your attention on growing your business. A Global Employer of Record will handle the HR headaches so you can concentrate on your business.

20 Benefits of Employer of Record in the Cayman Islands

  1. No need to set up a new entity in every country where you have operations. You are not required to hire local employees or worry about local compliance requirements.
  2. The ability to scale your business quickly by hiring employees in multiple countries without having to set up a new entity in each country.
  3. A single point of contact for all employment-related questions and concerns.
  4. A single point of contact for all tax compliance questions and concerns.
  5. No need to worry about managing multiple payroll systems and tax filing requirements.
  6. No need to draft an employment contract that’s compliant with local regulations.
  7. No hassle and risk with employee registration for payroll.
  8. 100% compliance with all regulations, including employment, tax, and payroll.
  9. Assumed responsibility for monthly payroll administration, preparing payslips, and delivering them to your employees.
  10. Any questions related to employment, payroll, and tax that you or your employee may have are addressed timely and comprehensively.
  11. Facilitated and well-planned employment termination.
  12. Facilitated and unified global mobility administration.
  13. Centralized control over the global workforce.
  14. Enhanced international employee and employer compliance.
  15. Proactive global workforce cost management.
  16. Alignment of global talent with opportunities.
  17. Advice on favourable tax, benefits, and social security locations.
  18. Reduced permanent establishment exposure risk.
  19. Simplified global reward structure and administration.
  20. Multi-location compliance risk management.

Employer of Record Solution in the Cayman Islands

Global Employer of Record is an integrated solution that is designated to help you rise to the daunting challenges of hiring and managing your remote employees in the Cayman Islands, which includes:

  • familiarizing with the country’s employment legislation
  • onboarding of employees
  • payrolling employees monthly in local currency/ies
  • and arranging for a visa and work permit if you need to employ expatriate personnel in the Cayman Islands

A Global Employer of Record solution means Express Global Employment can employ the selected candidate or candidates on your behalf in the Cayman Islands in record time. We become your trusted partner and guide you through local labour laws, thus eliminating any employment risks for you and freeing you from the necessity to go into all legislative specificities or set everything up by yourselves. Also, we will resolve all local labour issues for you, allowing you to focus on your primary business objectives.

Part of the benefits of using our international Employer of Record and payroll outsourcing solution in the Cayman Islands is that we can organize work permits and business visas in the Cayman Islands required for expatriates’ immigration.

Work Permit and Expats’ Employment in the Cayman Islands

If you need to send some of your employees on an international assignment to the Cayman Islands, our ex-pats employment solution is the best option for you. This solution covers work permit and visa sponsorship and handling any immigration issues that may arise when employing your workforce.

With our expertise and years of experience in global immigration support, we assist you with work permits and business visas if and when required and ensure that your international employees get their work permits within 2-6 months. This service is guaranteed regardless of the type of employment involved.

We bear full responsibility for employing them in compliance with the local legislation. This frees you from the administrative hassle and relieves your employees of the stress and risks that go with global immigration. We provide timely and accurate information about the current status of your workforce, their visa, and work permit, including the expiry dates.

According to the labour law of the Cayman Islands, your employees will be at risk of having their work permit revoked if they do any of the following:

  • do not perform the works for which they are employed;
  • lose vital qualifications that are required to execute the job.

Why Choose Express Global Employment? 

  • Global HR compliance and local expertise 
  • Your trusted Employer of Record partner in 190+ countries. 
  • One point of contact for all countries
  • One global service agreement for current and future countries  
  • One invoice  
  • Accurate and timely payroll  
  • Immigration and work permit sponsorship 
  • Employment contracts drafting, 100% in-country compliance
  • The English-speaking global service team and local languages speaking support 
  • 24/7 client service is available in all time zones.

Our global employment solution helps you have your mobile workforce officially employed in the Cayman Islands by our company instead of setting up your legal entity there. You just choose the right candidate that you need to have working for you in the Cayman Islands, and we handle all the rest fast and hassle-free.

Spotlight on the Cayman Islands

  • Location – is an autonomous British Overseas Territory in the western Caribbean Sea, located south of Cuba, northeast of Costa Rica, north of Panama, east of Mexico, and northwest of Jamaica.
  • Capital – George Town.
  • Population – 60,765.
  • Currency – Cayman Islands dollar (KYD).
  • Holidays – New Year’s Day, National Heroes Day, Ash Wednesday, Good Friday, Easter Monday, Discovery Day, Queen’s Birthday, Constitution Day, Remembrance Day, Christmas Day, Boxing Day.

Express Global Employment Services in the Cayman Islands

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.

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.

Global Payroll Calculator Helps You Streamline Global HR Operations

By creating the Global Payroll Calculator, we’ve done the global payroll and tax math and compliance for you.

  1. Eliminate the time-consuming and costly process of doing your manual calculations.
  2. Gain instant access to up-to-date salary cost breakdowns based on local tax laws and regulations and update in real-time with the latest employment and tax legislation changes across 190 countries.
  3. Stay compliant on all international payroll matters, including local taxes, labour rules, and benefits.
  4. Minimized the risk and global cost-of-hire.

Global EOR Helps Test Foreign Markets without Local Incorporation

As a business owner, you may feel overwhelmed by the tax implications of expanding your business overseas. However, new ideas exist to reduce complexity and ease the burden on busy entrepreneurs. In this article, we’ll explore some of the best ways to reduce the complexity of tax planning for international expansion.

If you’re thinking about using a Global Employer of Record (EOR) talent engagement model for your business, it’s becoming increasingly popular. Here’s how it works: a third-party company operates a local entity in each jurisdiction where it offers services. This can be a great way to comply with various laws and regulations.

Here’s how the Employer of Record arrangement works. A new business owner approaches a global EOR company to hire a remote worker based in a different jurisdiction. Rather than the business owner having to establish a new company or register a branch in a new jurisdiction, the employee can be employed by our local EOR company in any of your target countries. All attendant costs associated with this arrangement are then charged to the client company for a fee. This can be a more efficient and cost-effective way of doing business for the employer and the employee. Many start-ups like this idea because it gives them the flexibility to focus on getting their business up and running.

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