- As an umbrella company you generally provide payroll on behalf of the contractor and bill your client for work completed by the contractor. You also provide all social contributions and tax payments (in some countries also “PAYE, Pay As You Earn”) and equivalents on behalf of the contractor.
Factually, an umbrella company acts as a PEO provider for your Client and faces the same challenges. They must immediately respond to your Clients’ needs and provide employment solutions in any country where your Clients go.
For example, if an Umbrella Company’s Client is an IT-Company, then you both know that in today’s increasingly competitive IT/ Telecom world, where fluctuating personnel assigned to projects with various duration is already the norm, companies prefer IT/ Telecom staff outsourcing for a number of reasons. That gives them access to a global talent pool, allows for cost cutting, and ensures higher quality than the one internal teams might ever achieve. We know this is where we can be especially helpful.
We can instantly provide employment solutions to your Clients’ remote personnel in the region where your company isn’t present, and that’s where our Umbrella Services can be especially helpful. This solution allows you to fully capitalize on the benefits of a shared economy, and use our company’s global resources and local expertise.
Speed is a serious benefit of using Acumen International. When you have an urgent need to employ foreign personnel in any number of countries we are here to help you in time critical cases – when you need them employed yesterday.
All what Umbrella Company needs for that is to sign a single agreement with our UK legal entity which is governed by the UK legislation, and we will provide you with local operations support in the regions of interest.
In addition to employment, immigration and payroll services, we can timely provide full support to your clients’ contractors in the countries of our region, including:
– Meet and greet;
– Payroll cards with international banks;
– Business trip support;
– Expense reimbursement ;
– Expatriate services.
As a result, an Umbrella Company will provide greater value to your Clients, liaising them with a single employment solutions provider in any of the countries in our region, with an opportunity to sign only one agreement with our UK legal entity instead of separate ones for each country.
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