Hiring Employees – PEO versus Entity Setup in Dominican Republic
Understand the hiring and recruitment requirements for employers in the Dominican Republic to find and hire the right talent in full compliance with local law.
The Dominican Republic is a rising star among the clutch of Caribbean economies; as it grows and experiences greater prosperity, it’s emerging on global radars as a hotspot for business and investment in the region.
Many may not be aware that there is more than one way to expand into a new jurisdiction, depending on the needs of the business. Two fundamental options available to businesses are formal company incorporation and hiring staff abroad through a Professional Employer Organization (PEO).
Companies wishing to establish an immediate presence and build connections and brand awareness quickly may opt to hire staff through a formally incorporated company. This method usually requires a larger amount of capital expenditure upfront, and a physical domicile in the Dominican Republic.
Alternatively, companies can hire staff in the Dominican Republic through a PEO. This organization applies a ‘co-employment model’ in order to hire employees on behalf of another company, and operate as the ‘Employer of Record’ in the eyes of local government. A PEO can support the recruitment, hiring, and ongoing payroll management of these employees, while they carry out their roles to support the hiring company.
Check out our short presentation below outlining the details of these two hiring methods. For further personalized advice, reach out to our team of specialists in the Dominican Republic. We’ll prepare a quote customized to your business needs.
Learn more about our payroll management experts, and the human resource support we can provide as your PEO in the Dominican Republic.
We deliver a fully integrated and complete back office solution to help your organization in meeting its business expansion, entity formation, hiring and operational goals.
Our team of legal, accounting and back office specialists are waiting to help you get started