Boundless Logo
GLOBAL EMPLOYMENT

Things we do, so you don’t have to

In every country boundless takes care of every detail of global employment.

Here’s what we do for every single country:

Task estimated time:
Days
Weeks
Months
Indeterminate

Set Up Operations

  • Research incorporation options, corporate structures, and corporate responsibilities
  • Understand requirements for being allowed to employ locally
  • Figure out what documents you need to sign, and what documents you need to provide
  • Find a trusted, experienced local legal advisor
  • Source accountants and payroll partners
  • You may need a reliable notary service
  • Work with benefit providers to develop benefit packages
  • Will you need to have a local bank account or whether an online payments platform would be sufficient?
  • Are you required to maintain a minimum balance on your bank account?
  • What restrictions are there on moving money into / out of the country?
  • What is the Anti Money Laundering process for opening a bank account?
  • Figure out if the director needs to be a local resident
  • Figure out if the company secretary needs to be a local resident
  • Figure out if employer pension contributions are mandatory
  • Figure out if workers' compensation insurance is mandatory
  • Figure out if you need a physical office
  • Register an entity
  • Register as an employer
  • Sign up for employer insurance
  • Register for employer taxes
  • Register with all appropriate tax authorities
  • Come across and navigate much more red tape when setting up operations than you suspected
  • Come across and navigate a few extra stumbling blocks due to Covid-19
  • Find a virtual office
  • Find a local director when you need one
  • Print, sign, notarise, apostle and ship all necessary documents
  • Repeat all that if there is a mistake in any of the documents (there will be)
  • Provide all documentation for Anti Money Laundering records
  • Secure approval to move forward with opening a bank account following Anti Money Laundering review
  • Submit Anti Money Laundering docs to bank
  • Make a bank holidays calendar
  • Keep updated with all legislative changes

Run Payroll

  • Figure out local pay periods and pay dates
  • Collect employee bank account, address, tax codes
  • Collect every change that has an impact on the monthly payroll - absences, extra payments, benefits in kind, termination, etc.
  • Ensure all mandatory monthly and annual declarations are filed to the authorities
  • Process payroll to every employee on time and correct
  • Answer every single query coming from any employee

Extend Benefits

  • Find local benefit providers
  • Tell vendors when you have a new employee enrolling in the benefit scheme
  • Communicate changes of benefit benefactors to payroll partners
  • Pay benefit vendor
  • Reconcile payment against payroll deductions if benefit is paid through a salary sacrifice
  • Reconcile payment against payroll deductions if benefit is paid through employer contribution or offset

File Taxes

  • Figure out any existing tax exemptions
  • Figure out if you need to register for sales tax
  • Figure out if you need to register for VAT
  • Figure out the setup process for online handling of submissions to the tax authorities
  • Figure out all Work from Home tax allowances and breaks
  • File taxes monthly and annually with the help of your accountant
  • Pay the accountant
  • Submit Year End declarations

Employ People

  • Ask lawyers to send you a sample local agreement
  • Understand local employee rights
  • Understand statutory benefits
  • Understand employer obligations
  • Figure out what the local identification number is that you need to be asking for
  • Study closely what the local rules around terminations are
  • Figure out local regulations for gathering, managing and storing employee personal data
  • Figure out the definition of a safe workplace
  • Understand what your obligations are in providing a safe workplace
  • Find out all Work from Home regulations
  • Figure out how to verify identity and right to work
  • Find out if eye-testing is statutory
  • Find multilingual support for bilingual contracts
  • Figure out your legal obligations
  • Create compliant employment contracts
  • Get legal council on your employment contracts to make sure you are not breaching any laws
  • Set up contracts up in digital tool
  • Send contracts out for signing
  • Answer contract-related queries from employees
  • Make contract-related amendments
  • Gather all necessary employee data
  • Check all data for accuracy
  • Create a locally compliant termination policy and share it with employees
  • Follow the local termination procedure to avoid any unfair dismissal claims
  • Pay out any severance in case of termination
  • Communicate terminations to local authorities and benefits providers
  • Ensure people have an ergonomic set up
  • Cover the cost for glasses if employees need them
  • Produce a handbook

Pay Authorities and Service Providers

  • Evaluate whether you should have a retainer with your lawyer
  • Get legal counsel on how to approach sending funds to your entity
  • Get pricing agreements for sending funds
  • Find a decent platform to exchange your currency at the best rate
  • Find out what the deadlines for each authority in each country is
  • Send money from your HQ to the local entity
  • Pay your accountant
  • Pay your lawyer
  • Pay the fees of your virtual office
  • Pay sales tax
  • Pay all governmental authorities
  • Ensure international transfers are sent well in advance in order to arrive on time
  • Ensure all authorities are paid on time
  • Ensure 3rd parties are paid on time

Need help in figuring out how to employ your international workers?

Speak to an expert
© 2020 - 2024 Boundless Technologies Limited.
LinkedIn iconX (Twitter) iconEmail icon
The Greenway, 112-114 St. Stephen's Green, Dublin, Ireland.
cross