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How to Hire Staff in Argentina Without a Local Entity

by Legal Team Argentina | Jun 16, 2020

If you want to hire staff in Argentina but do not have a local legal entity, a Professional Employer Organization is the best alternative to support your expansion. Argentina is the eighth-largest country in the world with a highly productive economy, liberal trade policies, abundant energy resources and a wide range of industrial sectors. Several policies and agreements have been created to stimulate foreign investment and business activity, which added to the many reasons to do business in Argentina. Recruitment opportunities are increasingly attractive to foreign companies: the population is highly educated, with a literacy rate of 98%. Many citizens are bilingual, and student enrolment is growing each year. Before establishing a local business or branch in Argentina, many companies like to "test" the local market. A Professional Employer Organization (PEO) solution is an excellent way to do this as it allows companies to hire staff in Argentina without a local legal entity. Hire staff in Argentina through a Professional Employer Organization (PEO) A PEO simplifies the process of hiring staff in Argentina, especially if you do not have a local entity in Argentina. A Professional Employer Organization (PEO), also known as a 'Registered Employer' or 'Employer of Record', is an organization that provides and supports companies with their human resources functions, from the early stages of recruitment to the payment of taxes and benefits. PEOs undertake the fundamental and time-consuming tasks of human resources teams, allowing companies to focus on the growth and success...

Manage Employee Payroll in Colombia Through an External Provider

by Accounting Team Colombia | Jun 12, 2020

Current travel restrictions and business climate are incentivizing companies to consider alternative ways to manage employee payroll in Colombia. Company incorporation and establishing a representative branch or office may previously have been the preferred method to enter the Colombian market. Now, as foreign companies work to secure their cash flow and are unable to travel to the country, engaging with local providers to support their overseas staff is an increasingly viable option to continue business. Find out how multinationals can outsource their needs for payroll in Colombia through local payroll providers. Current challenges to HR and payroll activities in Colombia While COVID-19 remains a significant issue for governments in Latin America, measures to counter its spread have halted domestic and international travel. While the COVID-19 pandemic remains a significant issue for governments in Latin America, measures to counter its spread have halted domestic and international travel to countries such as Colombia. Institutional support continues to operate at a lower capacity in order to support efforts to reduce risk of transmission. Colombian President Iván Duque declared the country’s state of emergency to remain in place until 31 August. It is uncertain if further announcements will be made to extend this timeframe and other regulatory measures, as has happened a number of times already in the country. Foreign companies operating in Colombia may face challenges when undertaking a number of regulatory procedures, including company formation and compliance, visa...

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...

What are the Labor Laws in Chile?

by Legal Team Chile | May 1, 2020

Understand the labor laws in Chile in order to make hires and manage employees in full compliance with local regulations. Chile is a long and narrow country caught between the Andes Mountains and the Pacific Ocean. It is characterized by its strong, transparent and stable economy with good growth prospects for the future. Labor laws in Chile, alongside the country's entire legal framework, provides important guarantees for foreign investors looking to enter the diverseand liquid domestic markets. In addition, Chile has a mature financial market which is quite receptive and dynamic. We outline the most significant aspect of labor laws in Chile for businesses to be aware of when hiring staff. Legislation outlining labor laws in Chile Labor laws in Chile come primordially and originally from the Chilean Labor Codex or Código del Trabajo (DFL 1). Labor laws in Chile are outlined in the framework that regulates labor relationships and bonds between employers and employees. In most common law jurisdictions, labor law is a term which usually finds its application in regard to the rights and duties/responsibilities of unionized employees within a company. Labor laws in Chile come primordially and originally from the Chilean Labor Codex or Código del Trabajo (DFL 1). This codex states on its preliminary articles that it will regulate labor and work relationships between employers and employees. Each of the 5 books in the Codex regulates a specific topic: The individual labor or employment contract and trainingProtection for employeesUnionsCollective negotiationsLabor jurisdiction....

What are the Labor Laws in Argentina?

by Legal Team Argentina | Apr 21, 2020

The organization of labor laws in Argentina is wide and complex. Companies expanding into Argentina that need to hire locals or foreign nationals must understand and comply with all Argentine regulations to employ people. We give a general overview of the most relevant issues for employing staff. Overview: labor laws in Argentina The Labor contract Law N° 20.744 regulates most of the labor relations in Argentina, which was implemented in 1974. Labor relations in Argentina are mainly regulated by the Labor Contract Law N° 20.744, which was enacted in 1974. According to the labor contract law, an employment relationship can exist even without a written contract when: a person voluntarily and personally performs tasks for another person, physical or legal (company), When the person works under the dependency of the company receiving remuneration in exchange. In summary, a contract exists when there is an employer-employee relationship, through which reciprocal benefits are executed. The employment contract is concluded for an indefinite period unless the parties or the legislation expressly specify otherwise. The labor contract law establishes the non-waivability of any convention made by parties that suppress or reduce the rights provided by law, professional statutes, collective agreements or individual employment contracts. Trial period in Argentina's labor law Argentine labor law establishes a 3-month 'trial period' for the worker. During this period, the employer may terminate the relationship without obligation to compensate for the termination. There are, however,...

Development Activities Generate New Business Opportunities in Panama

by International Trade Experts | Feb 28, 2020

Find out how new development initiatives and activities offer new business opportunities in Panama. The Panamanian economy recently has experienced significant growth, which is related to diverse development strategies within the country. As Panama was the first Spanish colony on the Pacific in 1501, the country went through a long history of development since then. After the independence of Spain in 1821, Panama became part of Gran Colombia. In 1903, Panama gained its final independence with the help of the United States. Being the bridge between North and South America, Panama is moving towards fostering a high-income economy. As part of that, the gross domestic product (GDP) per capita has grown at an average rate of almost 6% annually. Furthermore, the multi-dimensional review of Panama (MDCR) considers the country one of the most dynamic economies in Latin America. New business opportunities in Panama are emerging as a result of a focus on human and social development, sustainable development, tourism and exports. Human Development agenda to drive business opportunities in Panama According to the Ministry of Economy and Finance (MEF), Panama ranks fourth in the Human Development Index in Latin America. Due to increased life expectancy, average number of years spent in schooling and gross national income (GDP), Panama is considered a high development country. This economic growth has contributed to a reduction of Panama’s poverty. Despite that, the OECD Development Centre reports a a remaining inequality in society. Particularly, inhabitants of indigenous...

Why Partner with a PEO in the Dominican Republic?

by Legal Team Dominican Republic | Feb 21, 2020

Learn about employers’ options to hire staff through a Professional Employer Organization (PEO) in the Dominican Republic. The Dominican Republic is one of the largest nations in the Caribbean region. Tourism, agribusiness, mining, and resources are key sectors of the economy, making it a diverse environment to begin your business.However, the Dominican Republic could be a difficult environment to start your business in. The process could be time-consuming and complex. Partnering with a PEO in the Dominican Republic could make this process easier by enabling organizations to utilize key specialists to hire staff in another market before setting up a branch. Understanding the role of a PEO in the Dominican Republic A Professional Employer Organization (PEO) offers a set of employee management services, such as payroll processing, benefits management and social contributions to government organizations. A Professional Employer Organization (PEO) offers a set of employee management services, such as payroll processing, benefits management and social contributions to government authorities. The employment services of a PEO in the Dominican Republic can be valuable for foreign executives, as these organizations take responsibility for complying with local employment laws.Through a co-employment model, these companies offer far-reaching human resource services abroad for organizations without a physical presence in the nation. A PEO can support smaller businesses and it is especially helpful for businesses that are not sure yet about deciding whether they want to open an office...