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Global Employer of Record (EOR) in Nigeria

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  1. Overview: Nigeria
  2. Global PEO and Payroll
  3. Global HR Compliance
  4. Work permit for hiring expats via PEO
  5. Expand without a company set up
  6. Contractor vs. employee: which is better?
  7. Global Payroll Calculator
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Global Employer of Record (EOR) in Nigeria

In today’s globalized economy, expanding into new markets can be an enticing opportunity for businesses, but it also presents complex challenges. One such market with enormous potential is Nigeria, Africa’s most populous nation and largest economy. Nigeria offers a burgeoning market rich in tech, agriculture, and services opportunities. However, its regulatory landscape is characterized by frequent changes and can be challenging for foreign entities to navigate. Several global and local EORs operate in Nigeria, providing critical services to businesses wanting to tap into this vibrant mark. To successfully navigate the Nigerian business landscape, many companies are turning to Global Employer of Record (EOR) services

What is an Employer of Record (EOR)?

An Employer of Record (EOR) is a third-party organization that handles hiring employees’ legal and administrative responsibilities. These responsibilities include payroll, taxes, benefits, and compliance with local labour laws. When a company hires through an EOR, it is the EOR that becomes the official employer for tax and legal purposes, allowing the company to focus on the day-to-day management of the employee.

What differentiates a Global Employer of Record (Global EOR) from an EOR?

A Global EOR expands on the foundational concept of an EOR by specializing in managing employment across multiple countries. Their key distinction is their capability to manage the complexities and variances of employment laws, taxes, and regulations in different countries worldwide.

In simple terms:

  • An EOR typically operates within one country, handling employment compliance and administrative tasks in that specific jurisdiction.
  • A Global EOR, on the other hand, has expertise and infrastructure across various countries, allowing companies to hire and manage employees in multiple countries without having to set up legal entities in each of those countries.

Example of Partnering with a Global EOR

Imagine Company A, based in the United States, wants to hire an employee in Nigeria. Instead of navigating Nigeria’s employment laws, setting up a legal entity in France, and managing payroll there, Company A can engage a Global EOR. This Global EOR, with its presence and expertise in Nigeria, would officially employ the French worker on behalf of Company A, ensuring that all local labour laws, taxes, and administrative tasks are appropriately managed, and risks are mitigated. Should Company A decide to hire employees in Japan and Brazil later, the same Global EOR could facilitate those hires, demonstrating the expansive reach of a Global EOR compared to a country-specific EOR.

Benefits of Using a Global EOR in Nigeria

  1. Regulatory Compliance: Given Nigeria’s intricate legal and regulatory landscape, a Global EOR ensures businesses maintain compliance with local and international standards and remain updated with changes across different jurisdictions.
  2. Streamlined International Operations: While a standard EOR provides a quick market entry in one country, a Global EOR offers the unique advantage of facilitating simultaneous operations in multiple countries and smoother expansion beyond Nigeria.
  3. Cost-Effective: Utilizing a Global EOR in Nigeria negates the need to set up separate legal entities in multiple countries. This leads to significant savings regarding registration fees, ongoing administrative costs, and potential exit expenses.
  4. Local Expertise with a Global Perspective: A Global EOR provides knowledge about Nigerian employment norms and integrates this expertise within a broader international framework. This ensures that while operations in Nigeria are locally relevant, they are also globally aligned.
  5. Scalable Operations: With a Global EOR, businesses can swiftly scale their operations within Nigeria and other countries. This is ideal for businesses eyeing multi-country expansion without the headache of restructuring or altering legal entities in each nation.
  6. Consistency and Standardization: Operating in multiple countries often involves navigating varied regulations and business environments. A Global EOR offers consistent HR and administrative processes, ensuring that the business ethos remains steady, irrespective of the country of operation.

By leveraging the capabilities of a Global EOR, companies can not only navigate the nuances of the Nigerian market but also set the foundation for a broader, more integrated international presence.

Express Global Employment Services

1. Recruitment

2. Global Mobility

3. Checks

4. Onboarding

5. Payroll Administration

6. Working Time & PTO Processing

7. Benefits Administration

8. Tax Administration & Reporting

Offboarding

Talent skilled in highly specialised areas Employee Work Visa and Work Permit sponsorship Health checks Employment Agreement drafting In-country registration with statutory bodies Working hours Mandatory Benefits Tax Reporting frequency and requirements; Employment agreement termination:
Executive search Dependent Visa Criminal record checks Compliant worker onboarding on your behalf Day-to-day payroll management Overtime Health insurance Employer taxes & contributions Dismissal – by the employer
Contingency workforce Visa extension Background checks Account setup in the payroll and HR system​ Monthly pay slips or other pay frequency Public holidays Workers’ compensation Employee taxes & contributions Resignation – by the employee
Application for a sponsor license for a foreign national Education checks Employee data entry and records maintenance Accruals Annual leave Unemployment insurance Withholding tax Termination by mutual agreement
Relocation assistance Managing probation periods Allowances Parental leave Voluntary Benefits Local tax payments and reporting to local authorities Notice period handling
13th and 14th salary Sick leave Share plans for executives End of financial year reporting Final settlement & severance payments
Additional leave Bonuses & Equipment provision De-registration with statutory bodies
Expenses reimbursement & business trip processing
Health insurance, dental treatment

Express Global Employment: Your Trusted Employer of Record (EOR) in Nigeria

Express Global Employment is a beacon for businesses aiming to navigate the dynamic employment landscape in Nigeria. With our comprehensive Global Employer of Record (EOR) services, we pave the way for seamless engagement, compensation, and management of top-tier professionals in Nigeria.

Why Choose Express Global Employment EOR Services?

  1. Local Expertise with Global Reach: We provide EOR services in Nigeria and cater to clients across 190 international markets. We offer a holistic solution for businesses aiming for global expansion without legal complexities.
  2. A Competitive Edge in Talent Acquisition: In a bustling market like Nigeria, it’s paramount for businesses to offer competitive remuneration.  Express Global Employment assists companies in both acquiring and retaining the finest local talent by aligning compensation with local market standards.
  3. Comprehensive Global HR Solutions: Beyond just employment, our services encapsulate:
    • Talent Acquisition & Retention: Harnessing the global talent pool to serve your needs.
    • Swift Global Expansion: Efficiently enter new markets, ensuring HR and legal compliance.
    • Dedicated Local Support: For international clients and their expatriate workforce in Nigeria.
  4. Cost-Effective and Risk-Free Employment: Direct hiring in a foreign market can be fraught with complexities and costs. Express Global Employment’s EOR solution in Nigeria and our presence in 190 markets provide an economical and efficient alternative.
  5. Staying Ahead of the Legal Curve: With ever-evolving local legislation in developing countries like Nigeria, Express Global Employment ensures businesses remain compliant. We handle the intricacies of hiring, compensating, and managing both local and expatriate workforce on your behalf.
  6. End-to-End Assistance for Expatriates: From securing work permits to organizing business visa sponsorships, Express Global Employment facilitates every step to ensure your international team operates within the bounds of Nigerian law.

If your aspirations encompass tapping into the expertise of Nigeria-based professionals, or if you’re set on legally engaging a remote workforce from Nigeria, Express Global Employment’s global employment solutions are tailor-made for your needs.

With our vast experience, rest easy knowing we have your global employment and HR requirements covered — in Nigeria or any of the 190 countries we operate in. Your international expansion and compliance are our priority.

Optimizing Talent Acquisition with Global Payroll Calculator

Understanding and navigating compensation structures across different countries is a monumental task in global talent acquisition. The Global Payroll Calculator by Express Global Employment emerges as an invaluable tool to address these complexities.

  1. Cross-Country Compensation Comparisons: One of the most compelling features is the ability to perform cross-country comparisons. Recruiters and HR professionals can contrast and analyze compensation structures across Nigeria and 190 other markets, ensuring they offer competitive and market-appropriate packages.
  2. Detailed Tax Breakdowns: Acquiring talent isn’t just about gross salary; the net take-home often matters to prospective employees. Our calculator provides a meticulous breakdown of employer and employee tax liabilities, clearly showing net earnings.
  3. Understanding Caps, Bands, and Allowances: Every country has unique tax bands, caps, and allowance structures. Our tool integrates these variables in real-time, ensuring that talent acquisition professionals always work with the most up-to-date information across 190 countries.
  4. Seamless Integration with 190 Countries: With the push of a button, users can shift their calculations from one country to another, ensuring they have a global perspective on compensation while retaining local relevance.
  5. Ease of Use and Precision: Despite its extensive capabilities, the Global Payroll Calculator is designed for user-friendliness. Talent acquisition teams can make informed decisions without getting bogged down by intricate calculations or manual research of labour and tax laws.
  6. The Value of Explanatory Notes: Complexities, especially in areas like taxation, become more approachable with clarifying notes. They help verify adherence to the latest tax and labour laws, ensuring businesses remain in line with evolving regulations.

Sample Employment Tax Calculation

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