- Overview: Spain
- Global HR Compliance
- Global PEO and Payroll
- Work Permit for Hiring Expats via PEO
- Expand without a company set up
- Contractor vs. Employee: Which Is Better?
Global Employer of Record (EOR) in Spain
Global Employment Services
Compliance is often challenging for businesses expanding globally, as they may need to establish a legal in-country business entity to be compliant. This can be a complex, costly, and time-consuming process that many employers are not ready to undertake.
Acumen International is the leading provider of global employment solutions (Employer of Record and PEO), helping Spanish companies expand their reach beyond their borders and compliantly hire the best talent from anywhere in the world. With Acumen’s Global Employer of Record solution, thousands of businesses have access to legal, financial, and cultural expertise to onboard, pay, and manage employees and contractors in 190 countries. Acumen is dedicated to helping companies succeed on a global stage and create a workforce that reflects the diversity of their customers and markets.
9 Ideal Industries for a Global Employer of Record Arrangement
- Technology companies
- Financial services
- Business Services
- Marketing and Advertising
Top 10 Reasons to Choose Acumen Global Employer of Record
1. No Entity Required
Employer of Record allows companies to expand internationally without setting up a legal entity in their target market. This makes it easier and less expensive for companies to do business in multiple countries risk-free. There’s no need to spend months or tens of thousands of dollars setting up a local entity in each target country. Avoid the hassle and leverage a Global Employer of Record instead.
2. Access to Global Talent Pool
The world is your oyster when it comes to talent acquisition. There is no limit to where your talent can take you. With the help of Global Employer of Record services, you can easily hire the best person in the world for the job, regardless of location. This way, you can create a global talent acquisition strategy to help your business thrive.
3. Rapid Remote Work Enablement
A Global Employer of Record helps to accommodate remote work by providing employees with competitive benefits and no changes to their day-to-day work life. A global EOR allows employees or contractors to move to a country of their choice, where they can legally work, without worrying about losing their job or changing their current lifestyle. Employer of Record allows you to enable your organization for remote work quickly.
4. Worker Misclassification Risk Prevention
Employee misclassification? A global Employer of Record can help you avoid expensive fines and lawsuits, so you can run ahead of changing regulations globally.
Our team of HR professionals and legal experts will help you stay compliant, no matter where your employees or contractors are from.
5. Test New Markets Without Risk
A Global Employer of Record can help test the new markets without risk and unnecessary cost. Leveraging a global EOR arrangement gives companies the confidence to pursue growth opportunities internationally, knowing they can quickly exit any market if needed.
6. Global Hiring Continues Unimpeded by Regulatory Changes
If you use an Employer of Record, regulation changes will not necessarily affect your ability to hire talent globally. No matter what changes come about – such as Brexit, the U.S. H-1B visa program, or the UK’s IR-35 rules – you can protect your company by leveraging an Employer of Record service. This way, your employees can live where they are legally allowed to work and stay with your company.
7. Single End-to-end Global Employment Solution
Acumen International provides a convenient, all-in-one solution for expanding your business quickly and efficiently. With our solution, you can have your new employees up and running in just 72 hours. And because our solution is tailored to businesses with small or no HR and legal departments, you don’t have to worry about the hassle of managing payroll and benefits.
8. 100% Compliance Ensured by EOR
A Global Employer of Record solution can help make the HR processes more effortless and less risky. An EOR can ensure that new hires comply with local laws and regulations and handle all contracting issues. With an Employer of Record, you can hire employees with locally compliant contracts and know that your intellectual property will be protected.
9. 365/24/7 In-Country Support
The Employer of Record handles the HR and payroll for the in-country employees across all time zones in the languages of the countries you operate in.
10. Facilitated Business Transition
If you’re planning to merge with or acquire another company, you may wonder about the legalities of transferring your employees from one company to another. This is referred to as an “employee transfer,” It involves many risks, paperwork can be complicated and costly, and is often rife with errors. Think of an Employer of Record as the bridge between your companies during the transition period; it’s the legal entity that will manage all employee-related information transfers and communication before and after the merger, acquisitions, or a close-down.
What Services Does an Employer of Record (EOR) Can Provide in Spain?
- Global Payroll management;
- Compliance with local tax rules (file & deposit) of the country where the EOR company is located;
- Handling compliant 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 labor laws;
- Processing workers’ medical insurance and other benefits (day-offs, bonuses, and more);
- Global employment process maps, matter maps, employment guides, and other documentation.
A Global Employer of Record Can Help You Replace Numerous Vendors
When it comes to managing the employment side of your business, many options are available to get the help you need. an ever-growing number of vendors can assist you with various aspects of your human resource services, including payroll, employee benefits, and more.
Working with a Global Employer of Record (EOR) is a great way to get all the help you need in one place. Global EORs can manage your employment-related needs in Spain, from taxes and retirement plans to background checks and employee discounts.
Partnering with a Global Employer of Record saves you time and hassle by consolidating your HR needs into one relationship. This also gives you peace of mind knowing that experts are handling everything for you so that you can focus on running your business in Spain and beyond.
A global Employer of Record can provide a full suite of services, helping you replace the following multiple vendors.
- Payroll Company
- Employee Benefits Broker
- HR Consultants
- Background Checks Vendors
- IP Attorney
- Tax Advisor
- Translation service
- Legal Advisor
- Immigration Advisor
- HR Compliance Advisor.
How IT Companies Can Succeed in Converting Existing Contractors into Employees with a Global EOR
As the IT industry largely depends on unique skills and expertise, more and more IT companies are hiring talent internationally. To help you engage and reward your international IT talent with 100% compliance regardless of their location, we have designed an innovative Express Global Employment (EGE) solution.
With its help, many companies have already benefited from choosing employment or employer-employee relations versus conventional freelancing/contracting. See what they are saying.
Express Global Employment solution gives IT companies like yours a decisive advantage in the fight for top global IT talent. By offering stability and statutory benefits of official employment, you can win high-profile IT contractors/freelancers looking to change their status to employees. Companies gain maximum employee engagement and loyalty, with employees enjoying a stable workload and working on ambitious projects they might have never had as freelancers. With no need to look for new projects all the time, employed programmers stay with one company longer, leading to lower staff turnover. In addition, when using our PEO and EOR solutions, you get protected from any employee-independent contractor misclassification risks and unexpected costs.
We can help you recruit international IT talent with subsequent employment in any country worldwide if you have not found the candidates yet.
Spotlight on Spain
Spain (officially the Kingdom of Spain) is located in southwestern Europe, bordering the Mediterranean Sea, North Atlantic Ocean, Bay of Biscay, and Pyrenees Mountains, southwest of France. There are two autonomous cities, Ceuta and Melilla, and 17 autonomous communities, including the Balearic Islands and the Canary Islands.
- Capital: Madrid.
- Official language: Spanish.
- Population: 47,260,584 (July 2021).
- Labor force: 19.057 million (2020).
- Local currency: Euro (€, EUR).
- Minimum statutory salary: The minimum wage (SMI, or Salario Mínimo Interprofessional) applies to all workers regardless of their age, gender, or employment contract in Spain. It includes casual, temporary, and domestic work. Since September 2021, the national minimum wage in Spain has remained fixed at 13,510 euros per year.
- Most developing industries: Spain is one of the largest producers of olive oil, wine, oranges, and strawberries in the world. The industrial sector is dominated by textiles, industrial food processing, iron and steel, naval machines, and engineering. Outsourcing electronic components production, information technology, and telecommunications provide high growth potential. Spain is one of the most popular tourist destinations in the world. The banking sector is also essential.
- Trading partners: Germany, France, Italy, China, Germany, Portugal, the United Kingdom, and the United States.
- 13th salary: 13th and 14th-month salary payments are mandatory in Spain. Moreover, it is common practice for the annual salary to be split into 14 installments.
Employ your Selected Workforce via Acumen Employer of Record (EOR) in Spain
As a Global Employer of Record services provider, Acumen International helps businesses legally engage and pay the selected highly skilled professionals in Spain.
Businesses desiring to hire local employees should be prepared to pay competitive salaries to attract and retain the most qualified candidates. Acumen International serves both end employers and service companies representing international clients as a global employment organization.
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
Acumen’s Employer of Record / EOR service in Spain offers an efficient and inexpensive alternative to direct hire. Our employer of record solution allows companies to operate in Spain and in 190 international markets where we serve our clients without registering as a local business entity.
Acumen International offers a global PEO and payroll solution to take care of all payroll details while ensuring full compliance with in-country labor and taxation laws.
Legally Onboard and Payroll Employees in Spain with Employer of Record
Acumen’s EOR global employment solution helps businesses to overcome legal challenges by hiring and compensating your local and ex-pat workforce in Spain on their behalf in a risk-free and cost-effective manner.
If you are looking to reinforce your internal team with the expertise of Spain-based global talent, or if you have already selected a local candidate to work for you remotely and in full legal compliance in Spain, our global EOR solution is the ideal choice for you.
You can trust Acumen to handle your workforce management’s global employment and HR details in Spain to ensure full compliance with in-country employment laws.
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.
In addition to legally onboarding local citizens, we can organize work permits and business visa sponsorship for your expatriate team via our Global Employer of Record and employ them on your behalf once legal permissions have been attained.
Partner with Acumen International, and let us help you handle your global employment and HR needs. With Acumen, you can rest assured that all legal requirements are met for compliant hiring and compensating your local and expatriate employees in Spain and 190 countries worldwide where we serve our international clients.
Reduce risks while expanding your business without establishing your own legal entity in Spain. Leave it to Acumen to hire and compensate your employees on your behalf, so you can focus on growing your business.
Trust us to handle the global employment and HR side of your workforce management in Spain, so you are sure that none of these nuances are missed and that your employees are employed and payrolled properly and compliantly on your behalf.