Global Employer of Record in Albania

What Is a Global Employer of Record?

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 establishing 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 Albania, 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 Albania to conduct business there.

Get Express Quote

4 Common Use Cases Where Employer of Record Is Perfect for Your Business Expansion to Albania

1. Hire at a New Location with an Employer of Record

Companies are constantly looking for ways to reduce costs and optimise efficiency in today’s global economy. With a Global EOR (Employer of Record), you can hire the best talent anywhere in the world without worrying about setting up an entity. This is a great way to ensure compliance with regulations and keep your business agile and competitive.

The EOR model is particularly helpful for companies that need to hire workers in multiple locations but do not have the internal resources or infrastructure to support those locations. For example, if your business needs temporary labour for construction projects or seasonal workers for retail stores, it may be more cost-effective to outsource that work instead of hiring directly and maintaining additional administrative overhead.

2. Testing a Local Market via an Employer of Record

An Employer of Record (EOR) is a legal entity that allows you to test a new market before incorporating or making other long-term commitments. An Employer of Record also protects you from non-compliance risk and other issues arising because you operate in a foreign country.

If you are considering expanding your business into another country, it may be a good idea to consider using an EOR. Before committing any money or paperwork, this will allow you to test the waters first and ensure that the new location is a good fit for your company. You can also use an EOR to protect yourself from potential legal issues while exploring new markets.

3. Employ on demand: How Employer of Record Helps Make Short-term Engagements

With Employer of Record, you can sidestep the hassle of opening an entity and avoid the administrative burden of managing a local employee. Using a short-term engagement structure, you can hire employees internationally, which means keeping your payroll costs low and avoiding managing any on-the-ground admin.

With Employer of Record, your company will be the “employer of record” in that country, meaning it will appear as the employer on an employee’s pay slips and tax forms. This gives you complete control over employment terms and conditions for the duration of the assignment.

You can hire employees from anywhere in the world via Employer of Record. Once you’ve made an offer, an EOR can help your workers receive all visa and immigration paperwork so that you can bring them into your business on a short-term basis faster.

4. An Employer of Record Can Help Handle an Interim Solution in Albania

An Employer of Record is a great way to fill the gap if you are waiting for your entity to become official, allowing you to start working faster and legally employ your talent in Albania.

An Employer of Record will act as the legal employer for the workforce in Albania and handle all administrative tasks such as tax filings, health insurance, visa applications, and work permits. This allows you to start working with your employee without waiting for your entity to be approved by the government.

What Services Does a Global Employer of Record (EOR) Provide?

Summing up, the employer of record usually handles part of BPO services, particularly human resources-related issues regarding global remote personnel. These issues include but are not limited to:

• Payroll management;
• Compliance with local tax rules (file & deposit) of the country where the EOR company is located;
• Handling employment contracts:
• Background, education, and other checks;
• Onboarding and termination processes, as well as employee’s compensation;
• Arranging visas and work permits for employees;
• Ensuring the working process is organized under local labour laws;
• Processing workers’ medical insurance and other benefits (day-offs, bonuses, and more);
• Process maps, employment guides, and other documentation.

Benefits of Partnering with a Global EOR in Albania

1. Access to candidates with local knowledge and connections in the new market;
2. Ability to hire the best global talent quickly and easily;
3. Ability to get started quickly on building your team in any country of your choice;
4. Enjoying all the benefits of employing talent on a global scale.

Employ your Selected Workforce in Albania via Acumen’s Employer of Record (EOR) Solution

Acumen’s Global Employer of Record / EOR solution was designed to help international companies like yours expand their global reach and engage the brightest global talent for their projects.

Acumen’s Employer of Record / EOR service in Albania offers an efficient and inexpensive alternative to direct hire.

As an Employer of Record services provider, Acumen International helps businesses legally engage and pay their selected highly skilled professionals in Albania. Businesses desiring to hire local employees should be prepared to pay competitive salaries to attract and retain the most qualified candidates.

Acumen is helping you navigate the challenges which the global COVID-19 pandemic and market unrest caused. Some areas and procedures have been severely impacted, e.g. visa and travel rules restrictions, migration regulations change, health checks and vaccination policies requirement in case of cross-border travelling, etc. Timely counselling with the Acumen’s team will ensure proper guidance of the client through challenging situations and assist him in resolving complicated situations.

Leave it to Acumen to hire and compensate your employees on your behalf, so you can focus on growing your business.

Get Express Quote

Legally Onboard and Payroll Employees in Albania with Acumen’s Global EOR

Reduce risks while expanding your business without establishing your legal entity in Albania. You can trust Acumen to handle your workforce management’s global employment and HR details in Albania to ensure full compliance with in-country employment laws.

Acumen’s Global employment services are designed to provide our clients with professional assistance to meet their global HR needs, such as:

• Global talent acquisition and retention
• Global expansion to help you quickly enter new global markets without legal and HR compliance risks
• Local support for international clients and their ex-pat employees

With Acumen, you can rest assured that all legal requirements are met for compliant hiring and compensating of your employees in Albania and in 190 countries worldwide where we serve our international clients without registering as a local business entity.

Spotlight on Albania

Albania (officially the Republic of Albania) is a country in Southeastern Europe. It is located on the Ionian and the Adriatic Sea, between Kosovo and Montenegro to the north and Greece to the south.

• Capital: Tirana.
• Official language: Albanian.
• Population: 3.088.385 (July 2021).
• Labor Force: 1.104 million (2020).
• Industries: The most important sectors of the Albanian economy are agriculture (wheat, corn, oats, potatoes, vegetables, olives, tobacco, fruits, sugar beets, vines, livestock farming and dairy products), the industrial sector (food processing, textiles and clothing, timber work (construction), oil, cement, chemical products, mining, transport and hydraulic energy), the manufacturing sector and the services sector (tourism, telephony, banking and insurance sectors).
• Trading partners: The main import partners are Italy, Greece, China, Turkey, and Germany. Imports commodities include refined petroleum, tanned hides, cars, packaged medical supplies, and footwear parts. Albania’s export partners are Italy, France, China, Spain, Germany, and Greece. Exports commodities are crude petroleum, iron alloys, clothing, electricity, perfumes, leather footwear and parts.
• Local currency: Lek (ALL).
• Minimum wage: Labour Code requires that workers should not be paid lower than the minimum wage set by the Council of Ministers. The minimum wages have been revised in Albania, with effect from 01 January 2022. The hourly minimum wage has increased from ALL 172.40 to ALL 182.73 per hour. The minimum wage has increased from ALL30,000.00 to ALL32,000.00 per month.
• Salary Currency: Albanian currency, unless otherwise defined by the agreement between the parties.