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Employ Candidates Compliantly in Thailand

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

Many companies seek global expansion, but they often get bogged down by the complexity of international regulations. They might not know where to begin or even how to find the right partners to help them navigate this new territory.

Or, they may be operating in a well-established market with no foreseeable near-term plans for growth outside their home country and therefore may not see the point in an international expansion.

Some companies have invested the time and money necessary to create a robust, global infrastructure that meets the demands of their business model. And some companies have been lucky enough to grow internationally by following a few rules of thumb. 

It’s not hard to see why so many businesses are drawn to expand overseas. But it’s important to remember that corporate and indirect tax, immigration, employer obligations, and more laws are constantly evolving. What may have been widely accepted ten or even five years ago as a rule of thumb may no longer apply. Permanent establishment laws, for example, are changing rapidly to account for the digital economy and to stem the tide of base erosion and profit shifting.

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Global Payroll Management & Compliance Considerations

Managing employees in different countries can be a complex and challenging task. Employees may need to be registered and taxed differently in each country, and there may be other laws that need to be followed. This can make it very hard to keep track of everything and ensure everything is done correctly.

When it comes to payroll, there are many different regulations that you must follow to avoid penalties or litigation. Each country has its laws and regulations, but some standards apply internationally. You must know and adhere to tax deadlines, withholding and reporting laws, and regulations requiring employee tax slip signatures. If you fail to adhere to these payroll compliance rules, you could face severe penalties that could negatively impact your business.

Global payroll management is a complex process that requires careful consideration of various factors. Payroll specialists must consider local regulations and taxation requirements, which can be time-consuming and difficult to navigate. However, by addressing some key challenges and partnering with a Global PEO, organizations can ensure compliant, accurate, and timely payments.

What is a Global PEO?

A professional employer organization (PEO) is a company that provides payroll, human resources, and benefits administration services to businesses. PEOs typically enter into joint employment relationships with an employer, which allows them to operate within single or multiple jurisdictions or countries. A crucial part of PEO services is compliance with the laws and regulations governing payroll, benefits administration, and tax reporting in the countries where they do business. This includes paying taxes on employee wages following local labor laws and taxation regulations. By outsourcing these functions to a PEO, businesses can focus on their core operations and leave the HR management to experts.

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Difference between a Global EOR and a PEO. Employment Risk Mitigation Strategy

When expanding your business into new countries, there are many benefits to using a global PEO (Professional Employment Organization) or EOR (Employer of Record). A global PEO or an EOR is an alternative to hiring your employees via an in-country legal entity. Instead of hiring your employees, you contract with a global employment solutions provider to hire and manage them for you.

A Global PEO and EOR Partners can handle all the immigration, hiring, payroll, tax, and HR compliance for you, freeing up your time to focus on other aspects of running your business. And if you ever need to leave the country, you can do so without being tied down by any long-term commitments.

However, both global PEOs and EORs work differently. So, it’s important to understand the differences between the two, so you can find the right one for your needs.

The main difference between a global EOR and a PEO is how they hire the workers. A global PEO assigns employees to the client company for employment so that it can replace the clients in their duties of hiring and managing the employees. The PEO is not a direct employer on paper. An EOR, on the other hand, is an employer of record in the country of business. They hire and terminate employees on behalf of the client company.

PEO EOR
Employment Model Co-employer Sole Employer
Key Services Global employment, payroll, benefits, immigration (visa, work permits), mobility Global employment, payroll, benefits, immigration (visa, work permits), mobility
Local Entity Establishment Required Optional
Liability Shares responsibilities and liabilities Assumes all responsibilities and liabilities
Legal Advice Optional Required
Global Labour & HR Compliance Optional Required

What Services Does a Global PEO (Professional Employment Organization) Provide?

  • Global payroll management;
  • Compliance with local tax rules (file & deposit) of the country where the EOR company is located;
  • Handling compliant employment contracts:
  • Background, education, and other checks;
  • Onboarding and termination processes, as well as employee’s compensation;
  • Arranging visas and work permits for employees;
  • Ensuring the working process is organized under local labor laws;
  • Processing workers’ medical insurance and other benefits (day-offs, bonuses, and more);
  • Process maps, employment guides, and other documentation;
  • Foreign immigration support services.

10 Benefits Of Working With a Global PEO (Professional Employer Organization)

  1. Working with a global PEO (Professional Employment Organization) can be a great way to set up your business without worrying about the hassle of local labor laws or establishing a foreign legal entity.
  2. Working with a global PEO (Professional Employment Organization) can save you time and money when entering new markets. A global PEO is an organization that helps businesses manage the administrative tasks related to local employment, such as payroll, benefits, and compliance.
  3. A global PEO and payroll solution helps simplify the process of entering countries by assisting with the compliant employment of your foreign and local workforce. Partnering with a global PEO can be especially helpful when working in countries with complex labor laws and regulations. Instead of directly dealing with foreign employment laws, you simply work with a single entity that knows best practices for local labor rules. 
  4. A global Global PEO and payroll solution is a great way to skip the hassle of setting up a foreign legal entity or figuring out local labor laws and can significantly save you time and money. 
  5. When you first move your business overseas, you might be struck with the realization that you’re about to get a lot more responsibility than you bargained for. Setting up a foreign legal entity is a costly and time-consuming process, not to mention it’s something that requires legal expertise and knowledge of local labor laws. With the help of an international PEO (Professional Employment Organization), you can skip the hassle of setting up a foreign legal entity or figuring out local labor laws.
  6. Working with a Global PEO (Professional Employment Organization) can remove HR management’s heavy burden, distractions, risks, and challenges. A global PEO partner will handle tasks like payroll and benefits while relieving you of any liability or responsibility. It’s one of the best ways to ensure that your global business stays on track without sacrificing quality or consistency.
  7. A Global PEO and payroll solution can be extremely beneficial to any organization, large or small. By removing the burden of HR management, a PEO can help an organization to focus on its core objectives and become more productive and efficient. In today’s challenging economic climate, a strong PEO can give your organization the competitive edge it needs to succeed.
  8. There is no need to worry about global employment HR management when you have a global PEO. This organization can help you save costs and improve productivity, making it easier for your company to compete in difficult economic times.
  9. There are many reasons why working with a professional employer organization (PEO) is better than managing your HR department. A PEO understands the complexities of international employment laws and can help take the guesswork out of legal compliance. They can also reduce your time on administrative tasks and help you stay compliant with industry standards.
  10. PEOs can provide a broad range of employee benefits that companies that don’t use them may not be able to offer. With the help of a global PEO, you can prevent employee turnover and ensure that your employees are well taken care of while employed with you. Stable employees will be less likely to change companies or leave their jobs altogether.

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Global Employment Risks, Tax Considerations, and Liabilities

Global employment compliance is a complex and ever-changing field. The risks and liabilities associated with your employees include:

  • tax considerations
  • Intellectual Property rights
  • employee privacy and data protection
  • liability for employee misconduct
  • compliance with local employment labor laws and regulations
  • employee training and development
  • employee compensation and benefits 
  • hiring and termination practices and procedures
  • compliance with labor laws and regulations in the host country and abroad
  • securing and extending business visas, work permits, etc.

When setting up an international operation, it is important to consult legal counsel or a Global Professional Employment Organization with experience dealing with these issues so that you do not run afoul of the law by inadvertently violating any employment regulation.

Compliance with the labor laws and tax regulations can be complex because they are often inconsistent from country to country, state to state, or even city requirements. As a result of these inconsistencies, employers must ensure that their global human resource and payroll policies are consistent with local laws wherever their employees or independent contractors work.

Global Payroll Calculator: Accurate Global Employment Cost Estimation

When hiring employees and contractors across the globe, you may not be choosing the most cost-effective and business-friendly country.

  • Do you know which country is the most cost-effective place to hire employees? 
  • What are the costs of entity establishment and legal representation?
  • What are the payroll costs and management fees?
  • What are your ongoing annual tax compliance costs?
  • Are you fully aware of banking implications?
  • Did you know that labor laws and hidden costs could make your company less efficient when choosing a country to run your business? 
  • Did you know that there could be a more cost-effective country to hire employees in and save up to 50%?

This is because countries have different labor laws, compliance, and tax regulations. What if, instead of limiting your company’s international expansion by cutting through the jungle of local regulatory compliance, tax, labor, and immigration requirements, you could have all the information of 190 countries at your fingertips?

Acumen International offers the Global Payroll Calculator to help businesses understand the compliance requirements for conducting business in a new country. Acumen’s research team tracks developments in 190 countries around the globe. It provides up-to-date data on local regulations related to tax, payroll regulations, benefits, hiring practices, compliance requirements, and other labor-related factors that impact an employer’s bottom line. This valuable information makes the Global Payroll Calculator an invaluable tool for businesses looking to expand internationally.

Global Payroll Calculator helps companies reduce labor costs by providing up-to-date information on hiring, compensation, and tax requirements. It is also an ideal tool for quickly locating employees in any country.

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The Remote Work Revolution & How PEOs Can Help You Adapt

As workforces continue to evolve, they demand that leaders like you shed the old work models of yesteryear and adapt to the new ones being built in front of your eyes.  Global PEOs are here to help you navigate this changing employment paradigm, but only if you are willing to have an open mind about where your business is going.

As we move into the latter half of 2022, leadership teams across the globe are still struggling to figure out the best way to manage their internationally distributed workforce. Global PEOs are uniquely positioned to help companies like yours deal with these big changes, including the shift to remote work. Just a few years ago, the idea of a completely remote workforce was unheard of, but today it seems like a permanent reality for many.

How a PEO Can Help Mitigate HR Compliance Risks and Exposures when Hiring International Teams

Depending on the needs of your business, you may want to hire a global sales or IT team in foreign countries, which requires you to keep the following considerations in mind.

Activities for your global sales force or IT teams can differ based on your overall strategy, the product your company offers, the specific geography you’re trying to target, and how much involvement you want from your international sales staff. Many employment solutions can only help with a single issue, such as paying salaries to your global sales or IT teams. However, these solutions often do not assist you with the scope of activities specific to these teams. This can be a problem if you need help managing all aspects of your team’s activities.

These include paid travel, car allowances, and mobile phone provisions. In some cases, families may even be relocated to another country if an employee is sent abroad for business development.

Once you have engaged remote salespeople or IT teams and software developers in a legally correct manner to mitigate compliance risks and exposures, it is just as important to decide how you will stop cooperation with them. Whether due to changes in your company or theirs, it is essential to have a plan to end the relationship to protect yourself from any legal issues that could arise.

Acumen International is a Global Professional Employer Organization and Global Employer of Record. Its global network is set up in different countries with established jurisdictions in all matters about HR, taxes, accounting, payrolls, compliance, labor, and employment. Acumen International provides an excellent global PEO and payroll solution that is equally compliant across 190 countries.

At Acumen International, we take on all the legal, financial, and contractual responsibilities for employers and foreign workers. This way, employers only have to sign a single service agreement, and employees only have to sign an employment agreement. We make the whole process simpler and more accessible for everyone involved.

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Acumen International – Your Single Point of Truth and Global Employment PEO Solutions Provider in Thailand

  1. 100 % compliant, quick, easy market entry. Acumen Global PEO is your local legal entity, helping you reduce the cost and time associated with incorporating.
  2. Immediate global employment service coverage in 190 countries
  3. Both a single point of contact and a dedicated account manager for your project for all target countries.
  4. Compliant and secure global employment operations. We help you adhere to all local laws and regulations in 190 countries
  5. A single contract for all in-country services (employment, immigration, legal, etc.)
  6. A single PEO provider assumes full responsibility for your international employees in multiple countries
  7. Payments are made within the UK or to the UK bank company account
  8. Fully compliant with standardized procedures and reporting systems
  9. You can delegate to Acumen Global PEO all HR responsibilities Payroll & benefits administration, background checks, and HR helpdesk
  10. Standard payroll breakdowns for all target countries
  11. As soon as we receive your request for a project in any country, we will send you a payroll breakdown and offer within 2 working hours
  12. Full 100% fee money-back guarantee for the employee or contractor payment delays.
  13. Tailored and 100% compliant employment contract drafts
  14. With Acumen in your corner, you can quickly and easily onboard and compensate your employees without risk of legal repercussions
  15. Acumen Global PEO protects your company’s Intellectual Property rights

Disclaimer: Any above information is subject to changes imposed by Thailand’s laws. To get the latest updates on taxation in Thailand and 190 countries worldwide, contact Acumen’s team of global employment experts.

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