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Employ Candidates Compliantly in Gibraltar

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  1. Overview: Gibraltar
  2. Work Permit for Hiring Expats via PEO
  3. Expand without a company set up
  4. Global PEO and payroll
  5. Contractor vs. employee: which is better?
  6. Global Payroll Calculator
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Global Employer of Record in Gibraltar

Understanding the Employer of Record Model

The need for flexibility, compliance, and operational efficiency has never been greater in today’s global business landscape. The Employer of Record (EOR) model serves as a crucial solution, acting as a third-party organisation that assumes the role of the legal employer for your talent. This eliminates the administrative and compliance burdens associated with employment, letting businesses focus on their core operations.

Employer of Record vs. Global Employer of Record

Understanding the nuances between a traditional Employer of Record (EOR) and a Global Employer of Record (GEOR) is essential for international business success.

  • Employer of Record (EOR): Operates within a specific jurisdiction, aiding businesses in hiring and managing employees in that particular country. This solution is particularly useful for companies looking to expand domestically or into a single overseas market.
  • Global Employer of Record (GEOR): Extends the same services across multiple countries. A GEOR not only facilitates the hiring and management of an international workforce but also streamlines new market entry without the need to establish a local legal entity in each jurisdiction. This ensures easy entry and hassle-free exit in markets that turn out to be less viable for your business.

What Is a Global Employer of Record?

The global Employer of Record (GEOR) service is a new way for employers to hire workers in other countries.

An organization that allows employers to hire employees in other countries is a Global Employer of Record (GEO). The global Employer of record service provider handles all aspects of the foreign employment process, from ensuring compliance with local labour laws to managing payroll, taxes, and benefits and providing HR support.

The Global EOR has been established to provide employers with a single point of contact for all their foreign employment needs. It will also help them manage their entire workforce more efficiently by reducing administrative costs and improving compliance with local labour laws.

Streamlined Market Expansion with a Global EOR

One of the standout features of a Global Employer of Record is the ability to fast-track your market entry across jurisdictions. By engaging a GEOR, businesses can sidestep the often complicated and time-consuming process of setting up local legal entities, thereby reducing cost and risk. This enables companies to test new markets with minimal investment and makes exit strategies straightforward if a market is deemed unviable.

Quick Examples

  • Employer of Record: Suppose you are a UK-based tech firm aiming to hire a software developer in Germany. An EOR based in Germany would handle this employee’s recruitment, onboarding, and ongoing management, ensuring compliance with German labour laws.
  • Global Employer of Record: Now, imagine you want to hire software developers in Germany, Brazil, and Japan. A Global Employer of Record would facilitate these employment processes across each country, offering a streamlined, compliant, and efficient way to manage your international workforce.

By choosing to work with an EOR or GEOR, you can concentrate on your core business activities, confident that your employment requirements are being managed effectively and compliantly, irrespective of geographical boundaries.

Global Employment Services

A global Employer of Record (EOR) is a company that provides international employment, payroll, benefits, and tax administration services to businesses with employees in multiple countries. A Global EOR can help businesses avoid non-compliance risks and save time and money on international HR and payroll functions by becoming the employer of record for tax purposes and providing employee benefits packages under their tax identification numbers. Engaging an EOR can be attractive for businesses expanding into new markets or regions, including Gibraltar.

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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Why Is Global EOR the Best Option for Expanding Business to Gibraltar?

1. Compliant Hiring of a chosen candidate in Gibraltar via Global EOR

Working out of different locations gives many skills benefits for employers, but it also forces companies to work within international tax structures and regulations with local businesses. A business’s need or desire to hire employees in various countries is no challenge, thanks to EOR (Employer of Record) functionality.

2. Testing a Local Market via an Employer of Record in Gibraltar

An Employer of Record (EOR) is a legal entity that allows you to test a new market before incorporating. It also protects you from liability and other issues arising because you operate in a different country.

If you plan to expand your business into another country, you can first use an EOR to test the waters. Think of an EOR as a low-risk “try before buy,” allowing you to see if the new location is a good fit before incorporating. The process doesn’t require additional investment or paperwork on your part. You can also use an EOR to protect yourself from liability issues while testing out a new location or service offering.

3. Short-term Engagement with Candidates via an Employer of Record (EOR) in Gibraltar

The Global Employer of Record offers a simple, low-cost solution for companies looking to expand their operations in Gibraltar.

Companies can work with a local partner in their chosen country and utilize the services of a Global Employer of Record (EOR). This provides an alternative to setting up an entity or subsidiary, as it allows companies to sidestep the administrative and financial burdens involved in establishing a legal entity.

The EOR will be responsible for all tax obligations and regulatory compliance requirements on behalf of your company. The EOR engagement also allows you to avoid additional costs associated with hiring local staff and other expenses such as office space and equipment rentals.

Partnering with a Global Employer of Record, you will retain full control over your employees and business operations while benefitting from substantial cost savings and avoiding non-compliance risk.

4. Handling an Interim Solution in Gibraltar

An Employer of Record is a great way to fill the gap if you’re waiting for your company in Guernsey to be approved. With the EOR global employment solution, you can hire employees legally and provide them with health insurance, visa sponsorship, and work permits — in just a few days. An Employer of Record (EOR) provides an interim solution if you’re still waiting for your company to become official. You can use EOR services while your entity becomes official; under the law in Gibraltar, your payroll obligations are not lifted when it comes to paying taxes, even if you employ people through an EOR. With a global EOR in Gibraltar, businesses can begin working with their employees immediately after signing up.

What Services Does a Global Employer of EOR Provide?

Acumen International is a global PEO that provides international HR services to companies with employees working in multiple countries. We offer our clients a comprehensive service portfolio that includes:

  • Preparation of mandatory documents for in-country employment and payroll;
  • Compliant client and worker onboarding and offboarding in support of global expansion, remote workforce, or merger and acquisition requirements;
  • Audit-proof local labor law compliance;
  • Compliant statutory and voluntary employee benefits provision and management for local and expatriate talent, including health insurance, automotive leasing, office equipment, accommodation on-demand, and related technology requirements;
  • Coordination of monthly payroll, employee & employer tax payment processing, including year-end tax statements, and consolidated monthly invoicing;
  • Compensation management, severance, and employee termination services;
  • Immigration requirements processing, rendering work permit sponsorship, visa applications & extensions, and expatriate support;
  • Global mobility and relocation services;
  • Comprehensive Global Payroll Calculator provides total cost of employment estimates for local talent and expatriate personnel;
  • Local market benchmarking services for clients considering market expansion (e.g., salary, bonus, the total cost of hire, etc.);
  • Tailored on-demand international recruitment and staffing provided through in-country partners (ICPs).

Advantages of Using a Global EOR for Your Global Employment Journey

Navigating the intricacies of international business can be a daunting task. However, partnering with a Global Employer of Record (GEOR) can offer multiple strategic advantages that simplify this complexity. Below are some of the key benefits:

Low-Risk, Low-Cost Entry into New Markets

Expanding your business across international borders often comes with significant risks and expenses. A GEOR mitigates these factors by providing a low-risk, cost-effective solution. You no longer have to invest heavily in establishing a local entity, thereby saving both time and money. This reduced financial outlay makes international expansion accessible, even for SMEs and start-ups.

No Need for Local Entity Establishment

Global expansion typically involves setting up local offices, hiring local staff, and navigating local employment laws—time-consuming and costly tasks. A Global EOR eliminates these burdens by serving as your local entity, managing employment compliance, payroll, and benefits, all while you maintain operational control over your workforce.

Test the Market Before Making a Major Commitment

Market validation is crucial before committing significant resources to an international venture. With a GEOR, you can engage talent and conduct business activities in a new market without making a long-term commitment. This “try before you buy” approach allows you to evaluate the market’s viability and potential return on investment more accurately.

Access to Local Expertise Across Multiple Countries Through One Global EOR Partner

Partnering with a Global Employer of Record (GEOR) gives you the benefit of their in-depth knowledge in a variety of international markets. With a single GEOR partner, you can readily navigate local employment laws, tax regulations, and cultural practices across multiple countries. This centralizes and simplifies your global operations, making it easier to maintain compliance and strategize effectively on a global scale.

Spotlight on Gibraltar

As of 31 January 2020, Gibraltar and the United Kingdom (UK) officially exited the European Union (EU). The transitional phase that followed concluded on 31 December 2020.

  • Location – is a British Overseas Territory located at the southern tip of the Iberian Peninsula.
  • Capital – Westside.
  • PopulationGibraltar has a population of about 32,688 (2023) and an area of 6.8 sq. km.
  • Currency – Gibraltar pound (£) (GIP).
  • Holidays – Gibraltar has 12 major public holidays: New Year’s Day, Commonwealth Day, Good Friday, Workers’ Memorial Day, May Day Bank Holiday, Spring Bank Holiday, Queen’s Birthday, Summer Bank Holiday, Gibraltar National Day, Christmas Day, Boxing Day.

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