- Overview:Faroe Islands
- Global PEO and payroll
- Expand without a company set up
- Contractor vs. employee: which is better?
Global Employer of Record in Faroe Islands
Global employment services
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 Faroe Islands, Acumen International offers a global employment solution via our Global Employer of Record / EOR. As a global employment organization, Acumen International serves both end employers and service companies representing international clients. Partner with Acumen International, and let us help you handle your global employment and HR needs.
Spotlight on Faroe Islands:
The Faroe Islands (the Faroes or Faeroes), are a North Atlantic archipelago and island country part of the Kingdom of Denmark. It is one of the three constituent countries that form the Kingdom of Denmark along with Denmark and Greenland.
- Location – It is located north-northwest of Scotland, and about halfway between Norway and Iceland.
- Capital – Tórshavn.
- Official languages – FaroeseDanish
- Population – Aruba has a population of about 53,882 and an area of 1,399 km2 (540 sq mi)(2022)
- Currency – Faroese króna (DKK)
- Holidays – New Year’s Day, Maundy Thursday, Good Friday, Easter Sunday, National Flag Day, Prayer Day, Ascension Day, Whit Sunday, Whit Monday, Constitution Day, Saint Olav’s Eve, Saint Olav’s Day, Christmas Eve, Christmas Day, Second day of Christmas, New Year’s Eve
Acumen International offers a global PEO and payroll solution to take care of all the details of payroll while ensuring full compliance with in-country labor and taxation laws. To get more information about Acumen’s Global PEO and payroll service in Faroe Islands click here.
More and more global companies are seeing the value of hiring international employees in Faroe Islands to have a presence on this market. With local legislative peculiarities, the challenge is to engage global workforce in a risk-free and cost-effective manner.
With this in mind, Acumen International has designed a global employment, aka International Employer of Record (EOR) payroll solution to help global companies, just like yours, expand their international reach or engage the brightest global talent with their projects. If you are seeking to reinforce your internal team with the expertise of a global talent based in Faroe Islands, if you have already selected a candidate and want him to work for you remotely from Faroe Islands in a legally compliant way, our global employment solution is the way for you to go.
Like every other country, Faroe Islands has its own employment nuances, which must be fully observed to ensure 100% compliance. Trust us to handle the global employment and HR side of your workforce management in Faroe Islands so you are sure that none of these nuances are missed and that your employees are employed and payrolled properly and compliantly.
Employer of Record solution in Faroe 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 Faroe Islands, which includes:
- familiarizing with the country’s employment legislation
- onboarding of employees
- payrolling employees on a monthly basis in local currency/ies
- and arranging for visa and work permit if you need to employ expatriate personnel in Faroe Islands
Via a Global Employer of Record solution, Acumen International can employ the selected candidate or candidates on your behalf in Faroe Islands in a record time. We become your trusted partner and guide you through local labor 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 labor issues for you, which would give you freedom to focus on your main business objectives.
As part of the benefits of using our international Employer of Record and payroll outsourcing solution in Faroe Islands is that we can organize work permits and business visas in Faroe Islands required for expatriates’ immigration.
Work Permit + Expats Employment in Faroe Islands
If you need to send some of your employees on an international assignment to Faroe Islands, our expats employment solution is the best option for you. This solution covers work permit and visa sponsorship, as well as 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 permit within the standard duration of 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 administrative hassle and relieves your employees of the stress and risks that go with global immigration. We provide you with a timely and accurate information about the current status of your workforce, their visa and work permit, including the expiry dates.
According to the labor law of Faroe 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.
Our solution helps you have your mobile workforce officially employed in Faroe Islands by our company instead of setting up your own legal entity there. You just choose the right candidate that you need to have working for you in Faroe Islands and we handle all the rest fast and hassle-free.