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Enter the Market With a Professional Employer Organisation (PEO) in Uruguay

Enter the Market With a Professional Employer Organisation (PEO) in Uruguay

by Legal Team Uruguay | May 3, 2020

A Professional Employer Organisation (PEO) in Uruguay can offer significant advantages when entering the Uruguayan market. Uruguay's tranquility and security has led foreigners from different parts of the world to do business in the country. Additionally, its attractive business environment and lower costs of production compared to struggling neighbor Argentina is enticing businesses across its borders. If you are looking to expand abroad and do business in Uruguay, a PEO can help with the process of hiring staff without needing to formally incorporate a company. A PEO supports your business with the all aspects of hiring employees in Uruguay, from payroll to employee benefits.  How does a PEO in Uruguay support business expansion? A PEO in Uruguay relieves the burden of hiring and managing staff in a new and unfamiliar market, where a foreign business may otherwise struggle to understand their legal obligations. A PEO supports companies with their human resources functions, from the early stages of recruitment to the payment of taxes and benefits. A PEO in Uruguay will hire staff inside the country on behalf of the company, and manage their payroll, social security contributions and other needs within the country, so the hiring company has a presence in the market and can focus on developing their commercial activities. PEO companies can achieve this through a 'co-employment' relationship with the hiring company. In hiring staff on behalf of the company, the PEO becomes the employees' Employer of Record in the eyes of the government. This means that they are liable for...

Payroll Calculator: Calculate Costs of Hiring Staff in Latin America

Payroll Calculator: Calculate Costs of Hiring Staff in Latin America

by Team Latin America | Mar 18, 2020

We’ve launched our new Payroll Calculator, now available on our website, so you can better understand your hiring costs and requirements when expanding your business in Latin America. Keeping tabs on all the details of your corporate and human resources requirements and their associated costs is difficult. The added challenge of breaking through a language barrier can make this especially so for foreign companies in Latin America. We’re committed to continuous improvement and innovation. Find out about how our Payroll Calculator works, and how we make it easier for you to understand what you’ll need to hire staff in Latin America. What is the Payroll Calculator? Our clients often come to us with questions about their corporate and human resource compliance requirements when expanding their business into Latin America. Employment laws are often complex, and it’s essential companies can understand what their requirements are to their employee and to the State, and how to fulfill statutory employee rights and contributions. We’re making it easier for our clients to understand what their obligations are under local labor laws in Latin America. With the Payroll Calculator, you can find out what your company’s key obligations are when hiring staff, according to the country or countries you’re expanding into. The Calculator will also explain the cost of hiring the employees you need, taking into account social security, bonuses, and any other mandatory contributions to the government or employee in your chosen country. We’re making it easier for our clients to understand what...

Paying your staff: a guide to employment in Ecuador

Paying your staff: a guide to employment in Ecuador

by Legal Team Ecuador | Apr 22, 2019

As the eighth largest economy in Latin America, investing in Ecuador allows businesses to share in steady economic growth. Its government is open to foreign investment, and knowledgeable local legal and financial experts help to simplify the company formation process. It’s important to know your remuneration obligations as a company in Ecuador. Read on to learn how to pay your employees and stay compliant with financial regulations. Employment Law Ecuador - Get the paperwork done properly Ecuador’s legal and financial regulations may be complex for some foreigners and can change frequently. Seeking reliable, qualified legal assistance for this process is important in ensuring your company stays compliant and follows due process. The Ecuador Ministry of Labor (Ministerio del Trabajo) supplies a standard format for employee contracts. While companies may write their own contracts individually, all contracts must be uploaded to the Labor Ministry’s website. Contracts for employees include a probation period of three months. During this probation period, employers can terminate the contract without severance. Companies can offer short-term contracts up to six months, as well. However, be aware that employers must pay people on these contracts an additional 35% of the agreed salary. On the other hand, foreign employees need to obtain a work visa in order to work in Ecuador for three months or more. Setting up payroll with your RUC Your company needs to obtain an Ecuadorian Tax Identification Number (known as RUC or Registro Único de Contribuyentes) in order to set up payroll....

Meet the Team: The Ecuadorian Gentleman – Ernesto ‘Neto’ Teran

Meet the Team: The Ecuadorian Gentleman – Ernesto ‘Neto’ Teran

by Legal Team Ecuador | Aug 1, 2018

Ernesto Alfredo Teran Cornejo, or simply ‘Neto’ to all that know him, is the Group Professionalization Manager for Biz Latin Hub, based in Bogotá, Colombia. He has had a long and illustrious career has been typified by a never-ceasing passion to improve and promote his country as a place to both visit and conduct commercial activities.  After studying in Spain, Neto returned and established his own law firm. Born and raised in Quito, the capital of Ecuador, he attended the San Francisco de Quito University where completed his degree in Law. Having completed his undergraduate degree, he proceeded to work for 3 years at the Chamber of Industries and Production. During his time here, Neto provided legal advice to companies established in over 30 different industries, whilst also playing a key role in the legislative process, assisting with the drafting and creation of laws for the betterment of the Ecuadorian productive sector. The experience he gained in his role with the Chamber inspired Ernesto to continue his education. He went to Madrid, Spain in order to complete his MBA at the prestigious EAE business school. In August 2017, Neto returned from Madrid to establish his own law firm with an associate. Now armed with 6 years of elite industry experience, a wealth of legal knowledge and the experience of working in his own company, Ernesto joined Biz Latin Hub in May 2018. In the time that Ernesto has worked with the company, he has demonstrated a passionate approach to driving business and client leads in Ecuador, and developing new and innovative systems and...

How to Hire an Employee or Contractor in Colombia

How to Hire an Employee or Contractor in Colombia

by Legal Team Colombia | Jun 6, 2018

Once a company has been formed and established in Colombia, you will need to hire employees to help you boost your business and take it to the next level. Here we focus on how to hire an employee or contractor in Colombia. Hiring in Colombia - Can the Company Sponsor and Hire Foreign Nationals in Colombia? – YES! Foreign nationals have the same rights and obligations as Colombian nationals. One key difference that an employer or company has to take on board is, when a foreign national enters into an employment contract in Colombia, both the employer and foreign national must meet additional requirements imposed by the Ministry of Foreign Affairs (Ministerio De Relaciones Exteriores) concerning: Entry of the foreign national into Colombia Supervision of the foreign national's stay in Colombia Departure from Colombia If a foreign company hires an employee in Colombia and the contract is carried out in Colombia, the contract must follow the same rules as those that apply to domestic Colombian companies. Essentially, if the work takes places in Colombia, Colombian rules apply, regardless of the employer's origin and where the contract was executed. What If a Colombian Based Company Hires Employees to Work Abroad? Colombian labour law applies to employees if the company and services are rendered in Colombia, thus making the law inapplicable if the services are being delivered outside of the country, even if they are rendered by a Colombian national. What Are the Requirements and General Conditions for Hiring Employees in Colombia? Labor regulation in Colombia complies with the...

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