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Employ Candidates Compliantly in Peru

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  1. Overview: Peru
  2. Global HR Compliance
  3. Work permit for hiring expats via PEO
  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 in Peru

What is a Global Employer of Record?

A Global Employer of Record (Global EOR) is a third-party organisation that shoulders the legal and administrative responsibilities of hiring, employing, and managing staff on behalf of a client company. Unlike a standard Employer of Record, a Global EOR can operate across multiple countries, offering a unified solution for managing international employees.

This international talent engagement model is especially advantageous for companies expanding into new markets. Typically, such expansion would require establishing a local legal entity, a time-consuming process laden with bureaucratic hurdles. Global EOR circumvents this necessity. It allows companies to deploy staff in multiple jurisdictions without navigating the complexities of local employment laws, tax structures, and compliance norms. This streamlined approach eliminates the daunting upfront investment and operational costs of establishing a foreign subsidiary or business unit.

The flexibility of a Global EOR model makes it ideal for market testing and agile operations. Companies can quickly enter and exit markets, scaling their workforce up or down based on real-time needs and market conditions. Not only does this minimise risk, but it also preserves the company’s existing tax structure and corporate governance framework. The result is a more efficient, compliant, and strategic approach to international business expansion.

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Global Employment Solutions in Peru

Compliance and legal guidance at every step of the Global Employment Journey. 24/7 local support.

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-specialized 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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12 Scenarios Where a Global EOR Streamlines International Hiring

1. Unhappiness with the Current Provider

Perhaps you’ve already made a hire internationally but are not satisfied with your current service provider. A Global EOR can offer you a seamless transition to their services, bringing reliability and enhanced compliance that may have been lacking.

2. Contractor Compliance

When you opt for an independent contractor over a full-time employee, there are numerous local laws regarding labour, taxation, and immigration to consider. A Global EOR helps you navigate this regulatory maze, ensuring you remain compliant while engaging freelance talent.

3. Quality Improvement

If you’re looking to elevate the quality of your international employment services, a Global EOR consolidates your needs into a one-stop solution. This prevents the hassle and potential pitfalls of liaising with multiple local service providers across various countries.

4. Budget Constraints

Running a full-scale legal operation abroad can be financially draining. If you’re feeling the pinch, a Global EOR offers a more cost-effective means of maintaining your international workforce while ensuring compliance.

5. Temporary Projects

When you have a short-term or temporary project in another country, the overhead of establishing a full legal entity might not be justified. A Global EOR can facilitate quick and compliant hiring for the duration of your project.

6. Hiring Foreign Workforce

Launching a new international project often involves onboarding a foreign workforce. A Global EOR ensures that all hirings are done within the legal frameworks of the host country, shielding you from compliance risks.

7. Business Transitions

Mergers, acquisitions, or company closures come with a slew of human resource challenges. A Global EOR can help streamline these employee transitions, ensuring they are handled legally and smoothly.

8. NGO Staffing

NGOs often need to be agile, hiring qualified professionals in multiple locations around the world. A Global EOR offers NGOs the speed and compliance reliability required for such international operations.

9. Interim Employment Solution

If you are in the midst of setting up a legal entity abroad but need an immediate solution for hiring and payroll, a Global EOR serves as a useful bridge, allowing you to conduct business as usual during the transitional period.

10. Scaling up Operations

Rapid growth is exciting but can also be chaotic, especially if you need to hire in countries where you have no existing presence. A Global EOR helps you expand your workforce quickly and compliantly, letting you focus on your core operations.

11. Remote Work Expansion

The prospect of tapping into a worldwide talent pool is highly attractive, yet navigating the myriad of local employment laws and regulations can be a formidable challenge. A Global Employer of Record (EOR) serves as your strategic partner, expertly managing the complex legal landscape specific to each country where your remote employees are based.

12. Reducing Legal Liability

International hiring opens the door to potential legal risks and liabilities. By partnering with a Global EOR, you benefit from their expertise in international employment laws, significantly reducing your exposure to legal pitfalls.

Risk Control with a Global Employer of Record

Permanent Establishment Risk

Utilising a Global Employer of Record effectively mitigates the risk of unintentionally establishing a permanent operation in a foreign country, which could incur significant tax and legal obligations. The Global EOR is the local entity responsible for employment compliance, shielding your business from unexpected tax liabilities tied to foreign operations.

Employee Misclassification Risk

Misclassifying workers can lead to severe legal repercussions such as fines and back taxes. A Global Employer of Record expertly handles the classification of your international hires according to local laws, thereby alleviating the risk of employee misclassification. With a Global EOR, you can rest assured that your workforce is correctly categorized, aligning with local employment regulations.

Immigration and Compliance Risk

Compliance with international immigration laws is a complex and demanding task that can have serious consequences if mishandled. Partnering with a Global Employer of Record greatly simplifies this process. The Global EOR’s expertise in immigration laws across various jurisdictions streamlines the acquisition and management of necessary work permits and visas, ensuring that your company remains compliant.

Intellectual Property Right Risk

Managing intellectual property rights on an international scale comes with its own set of challenges, including jurisdiction-specific laws and potential risks of IP theft. A Global Employer of Record can provide an extra layer of protection for your intellectual assets by ensuring that all employee contracts across different jurisdictions include robust clauses for IP protection, thereby minimising associated risks.

Spotlight on Peru

Peru is a country with a strong economy and a number of investment opportunities. The government is committed to promoting economic growth and creating jobs. Peru is a good place to do business, and there are a number of opportunities for foreign investors.

  • Location: South America, bordered by Ecuador, Brazil, Colombia, Bolivia, and Chile.
  • Capital: Lima
  • Population: 33.1 million (2023)
  • Labour force: 75.2% (2023)
  • Currency: Nuevo Sol (PEN)
  • Export: USD 56.2 billion (2022)
  • Export commodities: copper, gold, natural gas, zinc, and lead.
  • Main export partners: China, the United States, Japan, and South Korea.
  • Import: USD 53.9 billion (2022)
  • Imports products: crude oil, refined oil, machinery, vehicles, and chemicals.
  • Main import partners: China, the United States, Brazil, and Mexico.

Economic Outlook

According to the World Bank, the Peruvian economy is expected to grow by 1.7% in 2023. This is a slowdown from the 3.6% growth rate recorded in 2022, but it is still higher than the average growth rate for Latin America and the Caribbean.

The slowdown in growth is due to a number of factors, including the global economic slowdown, the war in Ukraine, and rising inflation. However, the Peruvian economy is supported by strong fundamentals, such as a low debt-to-GDP ratio and a large international reserve cushion.

Investment Opportunities

Peru is a country with a wealth of natural resources and a growing economy. There are a number of investment opportunities in the country, including:

  • Mining: Peru is the world’s second-largest producer of copper and the sixth-largest producer of gold. There are a number of mining projects underway in the country which offer opportunities for investment in exploration, production, and infrastructure.
  • Energy: Peru has a significant potential for renewable energy development, including solar, wind, and hydropower. The government is also promoting the development of natural gas infrastructure.
  • Infrastructure: Peru invests heavily in infrastructure development, including roads, bridges, airports, and ports. This offers opportunities for investment in construction and engineering.
  • Agriculture: Peru is a major agricultural producer with a variety of export crops, including coffee, cocoa, and asparagus. There are opportunities for investment in agricultural technology and infrastructure.

Express Global Employment: Your Key to Compliant Hiring in Peru

As the global business landscape becomes increasingly interconnected, companies are seeking ways to tap into diverse markets like Peru. While the opportunity for growth is significant, navigating the maze of local employment regulations can be a daunting task. Our Global Employer of Record (EOR) service comes in here. Express Global Employment provides a comprehensive, compliant, and efficient way for you to employ local or expatriate staff in Peru without having to delve into the intricacies of local labour laws or set up a separate legal entity.

Our service covers everything from understanding Peru’s specific employment regulations to handling monthly payroll and arranging necessary work permits. This turnkey solution enables you to focus on your primary business objectives while we manage the complexities of HR and employment in Peru. Trusting us with these critical aspects ensures that you’re not only in full compliance with Peruvian law but also free to leverage the local talent to the fullest extent, risk-free.

So, if you’re looking to expand your operations into Peru or hire remote employees from this burgeoning market, our Global Employer of Record solution offers a swift, legally compliant way to get you up and running. Partnering with us eliminates the risks associated with international employment, allowing you to concentrate on what matters most: growing your business.

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