10 Things You Need To Know About Payroll- Only Registration
You’re ready to make your candidate an offer, but if you don’t have an entity set up in the country where they are located, you can’t run payroll. And setting up an entity takes time and money.
What should you do?
If you’re looking to hire quickly, setting up a payroll-only registration (sometimes known as a Non-Resident Employer or NRE payroll) may seem like a reasonable solution.
This option allows foreign employers with no entity in-country to make special “payroll-only” registrations with in-country tax and social security bodies so they can issue a local payroll. Simple, right? Before you go forward with payroll-only registration as a solution, you should know it’s more complex than just filing some paperwork. In this ebook, you’ll learn about many of the challenges companies run into, including:
– The limitations on location and how it could affect your long-term expansion strategy
– The risks it could introduce for your business
– Why it may not provide international employees with the best experience