International employment companies

Many businesses utilize international employment companies for staff working on overseas assignments. This decision leads to significant perks, such as reducing the costs associated with payroll and travel expenses administration, as well as tax and social security savings for the employees. This way salary expenses can be kept low, thus increasing the company’s competitiveness.

Nevertheless, the use of international employment companies may also entail additional advantages. First of all the employee can keep the bulk of his income outside the country of employment, thus benefiting just like in the case of employee profit participation companies. Furthermore, this type of structure can also resolve currency exchange problems and bypass many employment and residency obstacles.

Despite all that, it’s worth mentioning that especially within the EU, the regulations concerning any cross-border assignments should definitely be taken under consideration before establishing international employment companies.