Having to spend most of our free time at home and not being able to go to work might be one of the most challenging things we’re dealing with at the moment. However, this isn’t just bad for your mental and physical health, but it’s tough when it comes to organizing your workforce. That’s why lots of entrepreneurs are thinking about hiring people from across the world who can work remotely, but if they want to do that properly, they have to set up a legal entity. Luckily, there’s a way to hire international employees without doing that, and if that’s something you’d like to do, here are a few alternatives you need to know.
Affiliates and partners
This is a simple and effective solution that can work for you no matter how long you’re planning on hiring your new staff. Using local suppliers, partners, affiliates, or joint ventures is a great way to avoid all the hustle of setting up a legal entity – you’ll just be using the entity that’s already there and asking them for a huge favor.
That shouldn’t be a problem if you know the right people who are willing to help you, and you’ll effectively create great local support for your international employees. The only problem with this idea is actually not knowing anyone who can do this for you, and even if you do, you need to make sure these people are willing to help you if you’re employing just a handful of workers.
Professional employment organizations
If you’re looking for an elegant solution that will give you all the benefits of employing international employees without spending time and money opening a new company, this might be the right way to go. Professional employment organizations – also known as PEO services – are a great way for companies all around the world to hire the best people they can find regardless of their location.
The reason why this idea is so practical is its simplicity – you just have to find the right PEO company and they’ll do everything for you. For instance, choosing global PEO services means these people will employ people on your behalf, handle their paychecks, work on their taxes, and do all the other things you’d do if you did everything on your own. This way, you and your employees will be able to focus on your work and nothing else, which is something we’re all looking for. So, if you want to make this entire process simpler and more efficient, this might be an idea you should take into consideration.
Home entity employment
Instead of setting up a new company in the country where your international employees live, you can use a company that’s located in your own country. This will make things easier and simpler for you and your new employees probably won’t feel the difference at all. The only thing they’ll have to do is to set up a new payroll method that’s going to be effective in your country.
The best thing about this idea, though, is the fact that opening a bank account in a foreign country is now easier than ever. Opting for home entity employment will make everyone’s lives much easier and the entire process is simpler and less expensive than you can imagine, but in case you’re thinking about employing your staff for longer engagements, this might not be the perfect solution in the long run.
In addition to these ideas, you can also look into independent contractor employment and outsourcing your employers through a third party. All of these ideas are better and more practical than setting up a whole new legal entity, so start checking them out right now!
