Employer of Record Services

Since 2003, Healy Consultants Group assists multi-national Clients manage their human resource needs in every country on the planet. Also known as a Professional Employer Organization (PEO), we act as the co-employer or employer of record of your local workforce. Within two weeks, our multi-national Clients can deploy local staff in their target country, without the need to register a local legal entity.

• Our services

  • Recruitment of local employees and contractors; and
  • Sponsoring expatriate employees visas; and
  • Drafting employment contracts and aggressively and skillfully negotiating terms and conditions that meet the expectations of all parties; and
  • Managing monthly payroll, ensuring employees are paid in full and on time; and
  • Compliance with local employment laws including i) withholding personal income taxes and ii) making necessary deductions and contributions to statutory healthcare and or pensions and iii) workers’ compensation and iv) other required benefits; and
  • Managing administrative matters including i) annual leave ii) health plans and healthcare benefits and iii) handling employee complaints and iv) workplace safety requirements v) preparing pay slips and maintaining employees handbook

• Our fees

  Depending on the country, Healy Consultants Group charges a flat-rate fee per employee ranging from US$ 550 to US$ 1,140.

• Benefits of employer of record services

  • Without the need to register a local entity, our multi-national Clients enjoy an immediate market entry and can faster grow their business in multiple countries; and
  • Healy Consultants Group project manages compliance, tax and payroll responsibilities. However, the workers still operate under the daily direction of our client company; and
  • A more cost-effective and efficient payroll processing for our Client with full compliance with payroll and tax laws; and
  • Streamlined recruitment and payroll and compliance processes, which are already optimized for local conditions; and
  • Our multi-national Clients enjoy an employee turnover rate that is 10% to 14% lower than a local start up; and
  • Access to cost-effective deals for employee benefits, such as private providers of health insurance and workers’ compensation; and
  • Avoiding compliance penalties and enforcement action, resulting from a poor understanding of the local environment; and
  • One of the most significant benefits of using Healy Consultants Group PEO services is the outsourcing of the complex regulatory compliance task to an employment law expert who is up to date with the latest laws and regulations.

• Other considerations

  • Multi-national Clients with a work force in a foreign country may qualify as a local permanent establishment. Consequently, it may be necessary to register our Client for local corporation tax and VAT. Thereafter, Healy Consultants Group Accounting and Tax Department will assist your Firm with monthly & quarterly Government reporting (if necessary); and
  • When the country workforce size becomes large enough, it is common for our Clients to register a local entity with their own in-house Human Resource Department and in-house Accounting and Tax Department. In the long run, this is a more affordable solution than PEO services.

• Foreign Employer vs PEO

  • In certain (EU) countries, a foreign company is legally allowed to employ local/resident employees without the need of EOR/PEO nor a permanent establishment.
  • An overseas company will need to register as a Foreign Employer (FE) or Non-resident Foreign Employer (NFE) with the local tax authorities to obtain a tax number and employer social security number. Depending on the company’s business activity they may also need to obtain a third-party liability insurance and if performing regulated activities register with relevant regulatory bodies within the target country.
  • Healy Consultants Group will assist complete Foreign Employer registration formalities and then project manage compliance, tax and payroll responsibilities.

• Conclusion

  • The PEO approach is the fastest way for our multi-national Clients to enter international markets.
  • In relevant EU countries, the NFE is an even more cost effective approach to the PEO.
  • Healy Consultants Group will be happy to identify the optimum strategy available in the target market and assist your Firm project manage your human resource needs in every country on the planet.