Ever since the outbreak of the coronavirus, many companies started seeing the benefits of remote employment. But despite the advantages of a global workforce, it is still almost impossible for companies to hire talent in a country where they don’t have a legal entity of their own.
Almost but not completely impossible, because Lano offers a solution: As an Employer of Record, we legally hire employees in countries where you don’t have a legal entity for you, so you can get the best people on your team and don’t let borders stop you!
Legal borders for your global workforce
If you hire a new employee at your company, you are responsible to pay taxes and social security benefits for them. This includes rates for health insurance, retirement payments, or unemployment insurance as well as income tax payments for your employees.
Now, if your newly hired worker lives and works in a different country than your business location, it quickly becomes more complicated, because your duty to pay taxes and social security benefits doesn’t stop at the border. You rather have to make these payments in your employee’s country of residence and this in turn is often only possible if you own a legal entity in the respective country.
In short, if you want to legally hire someone in a different country, you must have a legal entity there, which not only costs you a heap of money but also requires a lot of time and effort.
But that doesn’t mean that you cannot hire global talent for your business!
The solution: Employer of Record
As an employer of record, Lano and their local partners take care of this process for you. As a local third party entity, we become the legal employer of your new talent, while you still retain the day-to-day activities of the employee.
We ensure that all local legal requirements for your new employee are taken care of, including the payment of relevant taxes and social security benefits. This allows you to meet your global employment needs and hire employees in countries where you don’t have a legal entity.
The advantages of an Employer of Record
Easily expand your team
With Lano as your Employer of Record, all it takes are a few clicks to turn freelancers into full-time employees – no matter where they live.
Attract the best talent in the world
Attract new talent by allowing them to work from anywhere and retain your best performers by offering flexible and remote working conditions.
Wipe out your workload
Use our intuitive platform to manage and pay both your local and your remote workforce in one place.
Scale rapidly without borders
Our service allows you to quickly explore and enter new markets without the hassle of incorporating legal entities.
Lano as your Employer of Record: Here’s how it works
Don’t let borders stop you from engaging with the best talent in the world. If you want to push your company forward and hire the best global talent to scale your business, working with Lano as your Employer of Record might just be the perfect fit for you.
Whether they are full-time employees or contractors, manage all your team’s payroll and compliance through Lano. You can easily access your employee’s contracts in your account anytime. On top of that, you are able to pay invoices in different currencies with only a few clicks, exchange messages, and collaborate on projects and tasks using milestones and cutting-edge project management features.
Send us a message and we tell you more about our Employer of Record solution.