Getting a bank account isn’t always quick and easy! Typically, a business will need to have its own bank account in order to pay tax and social security contributions to the regulatory bodies in the country in which they want to employ people.
The phone rings at PEO Worldwide’s headquarters in Birmingham. It’s a new enquiry! A business headquartered in the USA has identified some great talent in Europe and they outline their three options to us…
Ok – let me give you the insiders track on this (Shhh – it’s a secret, others don’t want you to know.) I know of at least five ‘Global PEO’s’ that offer services in 130 countries 185 countries or 190 countries. These seem to be stock marketing numbers that are thrown out to get your attention.
We have all thought it at some point in our management career. Once you have thought it, the mind quickly paints the rosy picture of how your business will glide more smoothly and be less stressful (think having a full body massage performed by an army of furry kittens whilst inadvertently coming up with a simple solution to world peace) once the problem individual isn’t around.
Today we will explore using a PEO service, also known as an Employer of Record, in Germany. Germany is set to enjoy a continues period of sustained economic growth over the next 5 years according to the IMF and as the 4th largest economy in the world it no wonder companies look to do business there.
This article is written as part of a continuing series aimed at helping companies expand internationally. This article looks at employing in the UK either through your own company incorporation or using a PEO provider. When looking to employ in the UK there are several considerations to take into account.
This is our first blog, we hope it makes for good reading! We have been working hard in the background to deliver, not only our customary world-class leading Global PEO solutions, but also to deliver a new site to match. We hope you find the new site as informative as the old one but a little more aesthetically pleasing and easier to navigate.