When you make the choice to expand your business abroad, it can be an exciting and fulfilling opportunity as you watch your business grow. However, there are certain rules and regulations that you must follow in order to avoid any nasty surprises. Global compliance is paramount, and ensuring that your tax and permits are up to standard can help your business work efficiently abroad. To secure your global compliance, turning towards an international human resources management team could be the best choice for you.
Here at Payroll Worldwide, we are an employer of record (EOR) service providing effective human resource (HR) and payroll solutions to businesses in Latin America, and those wanting to expand. Organising your HR and ensuring full compliance can be time-consuming and stressful. We can take away this unnecessary stress and allow you to focus on more important aspects of your business, such as growing and thriving in the country of your choice. Ensuring compliance in global expansion is vitally important, but how can you make sure you’re not caught out?
Arranging Visas and Work Permits
As your business expands to a foreign country, you may want to send some employees over to get started and settled. Before your employees venture over, there are certain factors that need to be addressed and taken care of, such as work permits, visas and understanding labour law. When you move to a foreign country, you need a visa to live and work there legally. There are short and long-term visas available, depending upon how long you wish to stay there. If the employee plans to stay in the host country for a considerable amount of time, the employer may need to apply for a visa on their behalf.
Finding the right visa and work permit can be a difficult process, especially when you’re attempting to figure out exactly how you can comply with the rules and regulations of the host country. If you’re looking to expand in Latin America, our employer of record services can help your employees meet the correct entry requirements, sending applications on behalf of the employee and helping them settle as efficiently as possible. To find out more about our services, please visit us here.
Full Data Protection
As more work and important information is stored online, there is still a present possibility of data breaches and security threats. How data can be stored varies globally, so you must make yourself familiar with your host country’s data regulations. For instance, European countries are covered by GDPR, and countries such as America who sell products to them will have to follow GDPR too. In order to keep compliant with global law and regulations, you need to ensure your knowledge concerning data protection is up to date.
When you outsource to an international human resources management company, they can keep on top of any changes made to global data protection regulations, and can apply the relevant changes to ensure your company is fully compliant. If your business is expanding to Latin America, our experts know the ins and outs of all successful data solutions, allowing you to focus on other aspects of your business.
Following Rules and Regulations
The main point that all businesses looking to expand should take into consideration is the many different rules and regulations that each country demands from all companies who do business there. If you are found to be in breach of any international regulations, the damage to your finances and business’s reputation can be significant. Different laws can be complicated to follow, and with pressure to be fully compliant, slip-ups can happen.
By turning to a skilled and experienced professional employer organisation, you can be assured that all employment laws and regulations are followed accordingly. Our experts understand the intricacies of working in Latin America, allowing you to focus on helping your employees settle and produce the most productive, high-level work possible. To find out more, or to claim your free consultation call, please drop us an email at hello@payrollworldwide.com, give us a call on 07469 892524, or you can fill out our online form here.
