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Employ Candidates Compliantly in Mongolia

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  1. Overview: Mongolia
  2. Work permit for hiring expats via PEO
  3. Global HR Compliance
  4. Global PEO and payroll
  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 Mongolia

What Is a Global Employer of Record?

The global Employer of Record (GEO) service is a new way for companies to hire workers in other countries. Companies can reduce administrative costs and improve compliance with local labour laws using the GEO (Global Employer of Record).

Previously, finding workers from other countries was time-consuming and required extensive research into local laws and regulations. With the GEO, employers can employ their pre-selected qualified workers worldwide in just minutes without taking on the cost and risk of establishing a local entity. The GEO also provides valuable HR support and compliance assistance, making it easier for businesses to thrive in a competitive global marketplace. The Global EOR offers employers access to a single point of contact for all their foreign employment needs, from complying with local labour laws to managing payroll and benefits.

All-In-One Global Employment Solution in Mongolia

Express Global Employment provides comprehensive services for building a global team, handling all aspects from hiring to compliance. Here’s what we can do:

  • Global Mobility Support: Simplifies onboarding and immigration, enabling quick onboarding and engagement of international talent.
  • Effortless Onboarding: Streamlines global employee onboarding to enhance productivity and speed up results.
  • Global Payroll & Benefits Management: Manages international payroll and benefits, ensuring compliance and competitive compensation.
  • Borderless Expansion Without Local Entities: Facilitates workforce expansion in 190 countries, removing the need for local business entities.
  • Hire Internationally, Operate Everywhere: Offers support for scaling operations and seizing international opportunities swiftly.
  • Risk-Free Market Navigation: Provides expert guidance for secure expansion, managing permanent establishment, employee misclassification risks and compliance challenges in new markets.

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

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Global Employer of Record (EOR) in Mongolia —  One-Stop Destination for Global Businesses

Managing the employment side of your business can be a full-time job in and of itself. There are many options to consider when it comes to finding help, from payroll companies, and tax and immigration advisors to employee benefits brokers to human resource consultants.

One alternative to working with numerous vendors is partnering with a Global Employer of Record (EOR). International Employers of Record can manage all aspects of your business’s human resources, from benefits and payroll to unemployment management and safety training. This can free up your time so that you can focus on running your business.

A Global Employer of Record can provide a full suite of services to help you replace the following numerous vendors.

  1. Payroll Company
  2. Employee Benefits Broker
  3. HR Consultants
  4. Background Checks Vendors
  5. IP Attorney
  6. Tax Advisor
  7. Translation service
  8. Legal Advisor
  9. Immigration Advisor
  10. HR Compliance Advisor.
  11. Licensing Consultancy

Why You Should Look for an EOR for Your Business Expansion to Mongolia

1. Hiring a candidate for a new location

Today, businesses are looking for ways to save money and increase efficiency. One solution is the EOR model, which allows companies to hire the best talent regardless of location. By outsourcing work to an EOR, a business avoids establishing an entity and complies with global regulations. This makes it an ideal solution for companies that need to hire workers in multiple locations but do not have the internal resources or infrastructure to support them.

2. Test the New Market with a Global EOR without Making Long-term Investment in Mongolia

Stepping into a new market can be risky, both financially and reputationally. A Global Employer of Record (EOR) will take on the risk for you, making expanding your business into new markets easy and affordable.

An Employer of Record (EOR) is a legal entity that allows you to test a new market before incorporating. It also protects you from liability and other issues arising because you operate in a different state or country.

If you plan to expand your business into another state, you can use an EOR to test the waters first. Think of an EOR as a low-risk “try before buy”, allowing you to see if the new location is a good fit before incorporating. The process doesn’t require additional investment or paperwork on your part. You can also use an EOR to protect yourself from liability issues while testing out a new location or service offering.

3. A Global Employer of Record Is a Better Alternative for Entity Set Up in Mongolia

The Global Employer of Record offers a simple, low-cost solution for companies looking to expand their operations in a foreign country, including Mongolia.

Companies can work with a local partner in their chosen country and utilize the services of an Employer of Record (EOR). This provides an alternative to setting up an entity or subsidiary, as it allows companies to sidestep the administrative and financial burdens involved in establishing a legal entity.

The EOR will be responsible for all tax obligations and regulatory compliance requirements on behalf of your company. The EOR engagement also allows you to avoid additional costs associated with hiring local staff and other expenses such as office space and equipment rentals.

Partnering with an Employer of Record, you will retain full control over your employees and business operations while benefitting from substantial cost savings and avoiding non-compliance risk. 

4. Avoid  Independent Contractor Non-compliance and Misclassification Risk

Employment and tax laws vary from country to country. You must comply with all local labour laws if you hire a worker directly. The penalties for non-compliance are steep and can include fines, imprisonment, and loss of your business license. In some countries, employers must pay payroll taxes for all employees, regardless of whether they work for the company in-house or remotely.

Labour and tax authorities in Mongolia can impose penalties for misclassifying employees as independent contractors, including fines and back taxes. You could risk violating employment and tax laws if you plan to grow your business by hiring independent contractors. A Global EOR can enhance compliance by hiring contractors on your behalf and following all local in-country labour requirements.

9 Key Employment Workstreams to Outsource to a Global Employer of Record in Mongolia

  1. Tax, employment, and labour law expertise and compliance across multiple jurisdictions
  2. Taxation and Social Security 
  3. Immigration policy framework and documentation 
  4. Global payroll, compensation, and benefits administration
  5. Communications and global employment management 
  6. Opportunities to outsource the HR function
  7. Leverage of payroll, compliance, and talent management technology 
  8. Global employment process maps, guides, and other supporting documentation 
  9. Employment contracts and onboarding documents.

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Spotlight on Mongolia (as of 2023)

  • Location: Mongolia is a landlocked sovereign state in East Asia.
  • Capital: The capital city of Mongolia is Ulaanbaatar.
  • Population: Mongolia’s population is approximately 3.3 million (as of the latest estimates), spread over an area of 1,566,000 sq. km.
  • Currency: The national currency of Mongolia is the Tögrög (MNT).
  • Holidays: Mongolia observes several major public holidays, including New Year’s Day, Lunar New Year (Tsagaan Sar), International Women’s Day, Mothers’ and Children’s Day, Naadam Holiday, Genghis Khan’s Birthday, Republic’s Day, and Independence Day.

Streamline Your Workforce in Mongolia with Express Global Employment’s EOR Service

Express Global Employment offers specialized global employment services tailored to your HR needs in Mongolia. Our expertise in talent acquisition and seamless market expansion ensures your entry into Mongolia is smooth and free from legal and HR complexities. We provide customized support to international clients and their expatriate staff in Mongolia, ensuring efficient business operations.

For businesses aiming to hire in Mongolia, we offer competitive salary structures to attract and retain the best local talent. Express Global Employment serves both direct employers and agencies representing international clients, positioning ourselves as a leader in global employment solutions.

Our Employer of Record (EOR) service in Mongolia is an effective, cost-efficient alternative to direct hiring. This solution allows your business to operate in Mongolia, and across our network in 190 countries, without the need to establish a local business entity.

Swift and Compliant Employee Onboarding and Payroll with Express Global Employment in Mongolia

Our EOR service in Mongolia simplifies the process of legally hiring and compensating both local and expatriate employees. We take care of global employment and HR challenges, ensuring your operations comply with Mongolia’s employment laws.

This service minimizes the risks associated with expanding your business into new markets. By partnering with Express Global Employment, you can avoid setting up your own legal entity in Mongolia. This lets you concentrate on growing your business while we manage employee hiring and payroll intricacies.

Additionally, we assist in securing work permits and business visas for your expatriate staff, employing them in Mongolia once all legal requirements are met.

Partner with Express Global Employment for effective, compliant management of your global employment needs in Mongolia. Our dedicated services ensure adherence to legal requirements for hiring and compensating employees in Mongolia and 190 countries globally.

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