Looking to hire an employee overseas? Let us do it for you.
Establishing a global entity can be time-consuming, confusing and a drain on resources. Mobilestyx makes international employment simple. We’ll handle all the local requirements for payroll, tax and compliance, and leave you to do what you do best – manage your employees.
A Global Employment Organization (GEO) is an intermediary between the client and their international assignees, that acts as the employer of record in the host country and handles every aspect of the legal and administrative requirements of employment in that location. Also known as Global Employment Outsourcing this service allows companies to employ staff in overseas locations quickly, simply and cost effectively.
A GEO is a cost effective and secure method of quickly employing staff into new or existing international markets, saving the time and expense of incorporating a local entity. The number one concern for companies with active global mobility programs is compliance with employment and tax regulations. A GEO is already established in the host country and takes on the responsibility of making sure all legal, employment, tax and immigration requirements are met.
The main advantages of using a GEO is that it makes international employment simple. Our customers attest that having Mobilestyx handle the administration and compliance of their overseas staff, with a single point of contact and consistent service across all locations, has been transformative. It has become much easier to meet the expansion objectives of their business stakeholders.
The other benefits include:
Companies that elect a DIY approach face the daunting task of navigating complex local laws and regulations, including the need to set up a local corporate entity. Unless the HR department has broad expertise and legal resources to meet this challenge, there is an ongoing risk of non-compliance in the host country.
By using a GEO solution, a company can minimize the risk of non-compliance, and rely on the GEO’s expertise to initiate or expand business activity in any foreign market. Because the local entity is already in place, there is no delay in employing staff in the host country.
The cost savings in using a GEO occur at every stage including:
No need to set up, register and meet capital requirements for a local corporate entity – our employer of record is already in place No requirement to engage the full suite of host country advisors : tax advisors, employment lawyers, immigration specialists, payroll providers, incorporation advisors, etc.
Streamlined payroll processes for all employees in the country Minimizing the potential for permanent establishment and corporate taxation No corporate tax or social security filing requirements – all covered by the employer of record Easy closure of employment without requirement to shut down entity
A PEO or Professional Employment Organization differs from a GEO in several ways. The PEO is typically a co-employer with the client, while a GEO acts as the sole employer of record. The PEO can assist with some registration and insurance requirements, but the GEO provides a more complete employment solution for clients. PEOs are frequently used within the US to handle multistate payroll issues, while a GEO can function across international borders for ease of payroll and employment compliance.
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