Además, la nómina puede ser un verdadero desafío para las empresas que están expandiendo sus negocios a nuevos países e incluso industrias. Todos los países tienen sus propias regulaciones y leyes con respecto al trabajo, y es importante mantenerse actualizado sobre ellas. Cada tipo de trabajo también tiene diferentes categorías de nómina dependiendo de la organización.

¡Externalizar la nómina de tu empresa puede ser la solución perfecta!

¿Por qué externalizar la Nómina de tu empresa?

Manejar la nómina de una empresa puede ser difícil, especialmente cuando está en constante crecimiento. Cuando decides trabajar con servicios de outsourcing de nómina en América Latina, le estás quitando la responsabilidad a tu equipo y dándoles el tiempo y el espacio para enfocarse en otras tareas más importantes. Las empresas que ofrecen este servicio trabajan con profesionales capacitados que cuentan con experiencia en todas las áreas y tipos de trabajo, lo que te garantiza la seguridad que tu empresa y trabajadores necesitan.

• Externalizar la nómina de tu empresa es más asequible que tener un equipo de nómina interno en el departamento de RRHH

• Los proveedores de nómina subcontratados tienen experiencia y trabajan con profesionales en muchas categorías de trabajo, lo que permite que el proceso sea fluido y simple

• Los proveedores de servicios de tercerización de nómina también cuentan con tecnología y software que reduce el riesgo de errores y evita multas, sanciones y auditorías gubernamentales

• Le da a usted y a su equipo tiempo para concentrarse en las actividades comerciales de la empresa y mejora la productividad

• El proveedor de servicios se asegurará de que todos los salarios e impuestos se paguen a tiempo, lo que evita problemas

¿Cuáles son los diferentes tipos de categorías de nómina?

Existen diferentes tipos de categorías de nómina que se pueden aplicar a su empresa. Esto depende del tipo de negocio, el número de empleados y la industria. Cada uno de estos regímenes es diferente en cada país y tiene diferentes tipos de beneficios y regulaciones. Estas son algunas de las categorías de Nómina:

• Régimen laboral general y de las pymes

• Sistema público de trabajo

• Trabajadores de la construcción civil

• Agricultura

• Personal médico

• Trabajadores mineros

• Prácticas

• Otros tipos y regímenes que necesita su organización

Servicios de Outsourcing de Nómina de Easyco. ¿Cómo podemos ayudar?

En Easyco, nuestro objetivo es hacer que su empresa funcione de la mejor manera posible. Es por eso que hemos compilado una lista de servicios de nómina diseñados para satisfacer todas las necesidades de su negocio. Nuestros servicios de outsourcing de nómina en América Latina incluyen todo lo que necesita para administrar con éxito su organización:

• Cálculo completo de la nómina

• Depósito directo a múltiples cuentas

• Servicio integral de impuestos sobre la nómina

• Procesamiento de localidad

• Notificación de beneficios a los empleados

• Seguimiento y acumulación de uso: vacaciones, días festivos, enfermedad, tiempo personal, PTO

• Cheques digitales en formato PDF

• Desembolsos de embargo

• Informes en formato estándar e informes desarrollados por el cliente

• Guía para el seguro de los empleados

• Atención al cliente por correo electrónico o Whatsapp

The post Outsourcing de Nómina en América Latina appeared first on EasyCo.

Working with an Accounting and Tax Filing Outsourcing Service also gives you the benefit of being able to expand rapidly overseas while reducing risks and costs, given that when considering foreign expansion is better to rely on a local firm that has proven knowledge in your areas of interest, rather than hiring new employees and dealing with additional responsibility such as payroll costs, legal documentation, micromanagement, and possible incompetence. Especially in Tax and Accounting, where issues do not necessarily arise immediately but can take months or even years for problems to surface if the work has been completed wrongly. Why risk it?

Would you like to outsource the Accounting of your company? What Tax Filing Services can be outsourced? What are the benefits of outsourcing? How can outsourcing the Tax Filing and Accounting of my company benefit me and my team? These are some questions that we answer below.

What are some of the benefits of Outsourcing the Accounting and Tax Filing of your company?

• Access to professionals with experience in different areas, industries, and countries

  Outsourcing the Accounting and Tax Filing of your company will give you access to a group of professionals with years of experience that is going to work in order to complete all tasks and assignments in the most successful, cost-efficient way, always complying with all local laws and regulations.

• Take off some workload from your team

  The Accounting and Tax Filing tasks of a company can be a nightmare, it requires processes, revisions, and a group of people working on certain assignments. This can cause them to leave some other important tasks behind and lower the productivity of the team. Outsourcing the Accounting and Tax Filing will give your team time to focus on other important areas that can lead to the growth of the business.

• Have access to tools, programs, and processes that will benefit your business

  Companies that offer outsourcing services are specialized in those areas, therefore, they work with modern software, and programs, and have improved their processes in order to offer the best service possible. This benefits both the outsourcing company and the client since they see the results of these new improvements.

• Reduce costs

  Outsourcing the Accounting and Tax Filing of a company reduces the costs by around 30% to 75%, depending on the size of the business. Handling these tasks in-house can require a team of accountants working full-time, which can be expensive.

• The most common option

  It is estimated that around 1/3 of small companies and start-ups outsource their Accounting and Tax Filing tasks. This allows them to expand and focus on other projects that are going to promote their growth.

Accounting and Tax Filing Outsourcing in Latin America

These are only some of the services that our company assists with, considering that we can take care of the whole cycle of the accounting and tax process of your company, tailored to each individual country.

• Bookkeeping

• VAT Reconciliation

• A/R and A/P Management

• Provisions: Fix assets, insurance management

• Government Tax Filings

• Bank Reconciliation

• Income and Expenses Report

• Standard Balance Sheet and Income Statement

• Filing of documentation

• Accounting standards are based on the current tax legislation of each country

Get Assistance from Easyco Experts!

Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post Accounting and Tax Outsourcing in Latin America appeared first on EasyCo.

What is a Power of Attorney?

In Latin America, a power of attorney (POA) is a legal document that grants an individual or a designated representative the authority to act on behalf of another person or company. The purpose of a power of attorney is to streamline transactions, facilitate decision-making, and ensure efficient management of legal and administrative matters.

Why is a Power of Attorney necessary for registering a company in Latin America?

• Enhancing Efficiency and Time Management

The registration process for a company in Latin America can involve numerous steps, paperwork, and interactions with government authorities. By appointing a representative through a power of attorney, entrepreneurs can delegate responsibilities and tasks, saving valuable time and ensuring swift progress.

• Overcoming Language and Cultural Barriers

Latin America encompasses diverse cultures and languages. For foreign entrepreneurs, language barriers and unfamiliarity with local customs can pose significant challenges during company registration. With a power of attorney, a local representative who is fluent in the language and well-versed in local customs can bridge the communication gap and navigate cultural nuances efficiently.

• Representing the Interests of Absentee Business Owners

In many instances, business owners may not be physically present in Latin America during the company registration process. By appointing a trusted representative through a power of attorney, absentee owners can ensure that their interests are adequately represented and that the registration process proceeds smoothly.

• Navigating Complex Legal Procedures

Company registration in Latin America often involves intricate legal procedures, including document authentication, notarization, and compliance with specific regulations. A power of attorney empowers the appointed representative to handle these complex procedures, as well as ensuring compliance with local laws and regulations and reducing the risk of errors or omissions.

What are the Benefits of Utilizing a Power of Attorney in Latin America?

• Granting Authority to Act on Behalf of the Company

With a power of attorney, an appointed representative gains the legal authority to act on behalf of the company, making decisions, signing documents, and representing the company’s interests during the registration process. This streamlines decision-making and eliminates the need for the business owner’s constant presence.

• Engaging Local Experts for Seamless Navigation

A power of attorney allows entrepreneurs to engage local legal experts or consultants who possess in-depth knowledge of the local business landscape. These professionals can provide valuable guidance, ensuring compliance with local laws, regulations, and customs specific to the country of registration.

• Simplifying Administrative Tasks

Company registration involves various administrative tasks, such as completing forms, obtaining permits, and preparing legal documents. By granting a power of attorney, entrepreneurs can delegate these tasks to a representative who possesses the necessary knowledge and expertise, freeing up valuable time and resources.

• Ensuring Compliance with Local Laws and Regulations

Latin American countries have specific legal requirements for company registration. Through a power of attorney, entrepreneurs can ensure that the appointed representative is well-versed.

Get Assistance from Easyco Experts!

At Easyco, we make company formation in all of Latin America easy! Our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco also aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post Power of Attorney in Latin America for Company Registration appeared first on EasyCo.

1. Sole proprietorship

A sole proprietorship is the simplest form of business structure, and it is the most common type of company in Latin America. This type of company is owned and operated by a single person who is responsible for all aspects of the business. Sole proprietorships are easy to set up and require minimal paperwork, making them a popular choice for small businesses and entrepreneurs.

2. Partnership

A partnership is a business structure that involves two or more individuals who share the ownership and management of a company. Partnerships can be formed as general partnerships, limited partnerships, or limited liability partnerships, depending on the level of liability protection desired. Partnerships are a common choice for professional services firms, such as law and accounting firms.

3. Corporation

A corporation is a separate legal entity from its owners, and it is the most complex type of business structure. Corporations also have shareholders who own the company and a board of directors who manage the company. They are often used for large companies with significant operations and multiple shareholders. Corporations offer limited liability protection to shareholders. This means that their personal assets are not at risk if the company faces legal or financial problems.

4. Limited Liability Company (LLC)

A Limited Liability Company (LLC) is a hybrid business structure that combines the benefits of a corporation and a partnership. LLCs offer the limited liability protection of a corporation while allowing for the flexibility and tax benefits of a partnership. However, LLCs are a popular choice for small businesses and startups.

5. Cooperative

A cooperative is a business structure that is owned and operated by its members, who share in the profits and decision-making of the company. Cooperatives are often used for agriculture, consumer goods, and housing. They are a common choice for small farmers and producers who want to pool their resources to achieve economies of scale.

In conclusion, Latin America offers a range of business opportunities, and understanding the different types of companies that exist in the region is essential for entrepreneurs looking to start a business or expand into Latin America. Whether you choose a sole proprietorship, partnership, corporation, LLC, or cooperative, each business structure has its own advantages and disadvantages. It’s important to choose the one that best fits your business goals and needs.

How to register a company in Latin America?

1. Choose the country you’re interested in
2. Choose the right legal structure
3. Register the company
4. Obtain all necessary permits and licenses
5. Open a corporate bank account

Get Assistance from Easyco Experts!

At Easyco, we make company formation in all of Latin America easy! Our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco also aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post What are the most common types of companies in Latin America? appeared first on EasyCo.

1. Chile

Chile has a stable economy and friendly business environment, making it an attractive destination for foreign workers. The «Temporary Residence Visa for Work Purposes» is the Work Visa and is valid for one year, with the possibility of renewal. To be eligible for this visa, you must have a job offer from a Chilean employer and provide evidence of your professional qualifications. You will also need to undergo a medical examination and submit a criminal record certificate.

2. Brazil

Brazil is the largest country in Latin America and offers a variety of work visas. The most common work visa is the «Temporary Visa I,» valid for up to two years and can be extended. To be eligible for this visa, you must have a job offer from a Brazilian employer and provide proof of your qualifications. You will also need to undergo a medical examination and provide a police clearance certificate.

3. Mexico

Mexico is the second-largest economy in Latin America and attracts many skilled workers from around the world. The country’s work visa is called the «Temporary Resident Visa for Employment» and is valid for up to three years. To be eligible for this visa, you must have a job offer from a Mexican employer and provide evidence of your professional qualifications. You will also need to undergo a medical examination and submit a criminal record certificate.

4. Argentina

Argentina has a vibrant culture and diverse economy, making it an attractive destination for foreign workers. The country’s work visa is called the «Temporary Residence Visa for Work» and is valid for up to one year, with the possibility of an extension. To be eligible for this visa, you must have a job offer from an Argentine employer and provide evidence of your professional qualifications. You will also need to undergo a medical examination and submit a police clearance certificate.

5. Colombia

Colombia is a rapidly developing country with a growing economy and offers many opportunities for skilled workers. The country’s work visa is called the «TP-4 Visa» and is valid for up to three years. To be eligible for this visa, you must have a job offer from a Colombian employer and provide evidence of your professional qualifications. You will also need to undergo a medical examination and submit a criminal record certificate.

In conclusion, Latin America offers many opportunities for skilled workers looking for new jobs. The work visas mentioned above are some of the best options available to foreign workers. Keep in mind that the requirements and application processes may vary depending on the country, so it’s important to research each one carefully before applying.

Would you like to obtain a Latin American Work Visa?

At Easyco, we can help you with the procedure and meet all the requirements necessary to obtain a Work Visa in the country of your choice. Our team of corporate experts has vast experience helping companies and individuals register their business in LATAM and comply with all their needs, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Send us a message and start the process today!

Additionally, Easyco provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post What are the Best Latin American Work Visas? appeared first on EasyCo.

Benefits of Incorporating a Company in Latin America

Favorable business climate

Latin America offers a favorable business climate for entrepreneurs. Most countries in the region have implemented economic policies that promote foreign investment, and there are often tax incentives and other benefits available for companies that incorporate in the region.

Access to a growing market

Latin America has a rapidly growing market with a large population and a growing middle class. By incorporating a company in the region, entrepreneurs can gain access to this market and tap into its potential.

Competitive labor force

Latin America has a highly competitive labor force with a strong work ethic and a low cost of living. This means that companies that incorporate in the region can access skilled workers at a lower cost than they would in other parts of the world.

Ease of doing business

Many Latin American countries have implemented reforms to make it easier to do business in the region. This includes reducing bureaucracy, streamlining processes, and increasing transparency.

Steps to Incorporating a Company in Latin America

1. Choose the country

The first step in registering a company in Latin America is to choose the country where you want to establish your business. Some of the most popular countries for foreign investment include Brazil, Mexico, Colombia, and Chile.

2. Choose the legal structure

Once you have chosen the country, you will need to choose the legal structure of your company. This can include a limited liability company (LLC), a branch office, or a subsidiary.

3. Register the company

You will then need to register your company with the relevant government agency in the country you have chosen. This may involve obtaining a tax ID number, registering with the local chamber of commerce, and filing articles of incorporation.

4. Obtain necessary permits and licenses

Depending on the nature of your business, you may need to obtain additional permits and licenses from the government in order to operate legally. This may include permits for environmental compliance, labor laws, and local regulations.

5. Open a bank account

Once your company is registered, you will need to open a bank account in the country where you have incorporated. This will allow you to conduct business and receive payments from clients.

In Which Countries is it Easier and Faster to Register a Company in Latin America?

While the process of incorporating a company in Latin America can vary by country, there are a few countries that are known for having a relatively simple and efficient process. These include:

Chile

Chile has a reputation for having a business-friendly environment, with an easy process for company registration and low taxes. It also has a well-developed financial sector and a highly skilled workforce.

Colombia

Colombia has made significant progress in recent years in making it easier to do business in the country. It has a streamlined process for company registration and offers tax incentives for foreign investors.

Mexico

Mexico has implemented reforms to make it easier for foreign companies to establish operations in the country. It has a relatively simple process for company registration and offers tax incentives for foreign investors.

Incorporating a company in Latin America offers many benefits for entrepreneurs looking to expand their operations. From a favorable business climate and access to a growing market to a competitive labor force and ease of doing business. Furthermore, there are many agreements, treaties, and organizations that encourage investors and companies to expand to Latin America. One of these is MERCOSUR, a trade bloc that promotes the free movement of goods between members.

Get Assistance from Easyco Experts!

Latin America is perfect to expand your business! You can get in touch with us to ensure you register your company correctly and comply with all local laws and regulations. Our team of experts will make the company registration process easy for you!

At Easyco, we make company formation in Latin America easy. Our corporate experts have vast experience helping companies and individuals register their businesses, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in South America today!

Additionally, Easyco provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post How to Register a Company in Latin America? Benefits and Procedure appeared first on EasyCo.

Originally the OECD was established to coordinate and administer the Marshall Plan for post-World War II reconstruction and development. However, it has since evolved into a global forum for policy analysis, advice, and cooperation on a wide range of economic, social, and environmental issues.

Which Latin American countries are part of the OECD?

Since its foundation, countries all around the world have expressed interest in becoming part of the OECD. However, in Latin America, as of 2023, only a couple have accomplished their goals. These are the Latin American countries that currently hold membership:

• Chile: As a member of the OECD since 2010, Chile has been able to access the organization’s resources and expertise to improve its economic performance and governance. Additionally, membership has given Chile greater access to global markets. This has served as a platform for the country to engage with other OECD member nations.
• Mexico: Mexico joined the OECD in 1994 and has been able to take advantage of the organization’s resources and expertise to improve its economic performance and governance. Additionally, membership has given Mexico greater access to global markets and has served as a platform for the country to engage with other OECD member nations.
• Colombia: Colombia became a member of the OECD in 2020. It is expected that the country will benefit from the organization’s resources and expertise to improve its economic performance and governance.
• Costa Rica: Costa Rica is also a member of the Organization for Economic Co-operation and Development (OECD). Costa Rica joined the organization in 2010.

There are currently no other Latin American countries that are members of the OECD. However, some countries in the region have expressed interest in joining the organization. These include:

• Peru: Peru has been in the process of accession to the OECD since 2018. It is expected that the country will become a member in the near future.
• Argentina: Argentina has also expressed interest in joining the OECD, and it is currently in the process of being evaluated for membership.

What are the benefits of being part of the OECD?

Membership in the OECD provides a number of advantages for businesses and entrepreneurs in these countries. These include:

• Access to a network of like-minded countries that can provide support and share best practices.
• Access to the organization’s resources and expertise can help businesses and entrepreneurs improve their operations and performance.
• Opportunities to engage with other OECD member countries, which can help businesses and entrepreneurs expand their reach and access new markets.
• The ability to participate in the organization’s policy-making process can help businesses and entrepreneurs shape the economic and regulatory environment in which they operate.

Overall, membership in the OECD can provide significant benefits for businesses and entrepreneurs in Latin American countries. By joining, these countries have access to the knowledge, expertise, and network to improve their economic performance and governance. This allows them to increase their access to global markets and engage with other OECD member nations.

Get Assistance from Easyco Experts!

Latin America is perfect to expand your business! You can get in touch with us to ensure you register your company correctly and comply with all local laws and regulations. Our team of experts will make the company registration process easy for you!

At Easyco, we make company formation in Latin America easy. Our corporate experts have vast experience helping companies and individuals register their businesses, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in South America today!

Additionally, Easyco provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post Which Latin American countries are part of the OECD? appeared first on EasyCo.

The main goal of MERCOSUR is to promote free trade and economic integration among its member countries. To achieve this, the bloc has implemented a common external tariff on goods imported from non-member countries. It has signed free trade agreements with several other nations and regions, including the European Union and Israel. Additionally, MERCOSUR member countries have agreed to reduce trade barriers among themselves, such as eliminating tariffs on goods traded within the bloc.

MERCOSUR also has a political dimension, promoting integration and cooperation among the member countries on matters of common interest such as democracy, human rights, and the fight against drug trafficking.

However, MERCOSUR has faced several challenges over the years. Some of these include a lack of consistent commitment to the bloc by some member countries and difficulty in reaching agreements on trade liberalization and other issues. Furthermore, the covid-19 pandemic has hit hard on MERCOSUR country’s economies and has led to a decrease in trade and a resurgence of protectionist measures.

Despite these challenges, MERCOSUR remains an important economic and political organization in South America. Furthermore, it continues to work towards integration and cooperation among its member countries.

What are the commercial benefits of MERCOSUR?

One of the leading commercial benefits of MERCOSUR is increased access to larger markets for member countries. By eliminating tariffs on goods traded within the bloc, companies in member countries have a wider range of potential customers and can sell their products at a lower cost. This can lead to increased exports and economic growth for member countries.

MERCOSUR also provides a framework for member countries to negotiate and sign free trade agreements with other nations and regions. These agreements can open up even more markets for MERCOSUR member countries, increasing their export opportunities and attracting foreign investment. MERCOSUR has signed free trade agreements with several other countries and regions. Some of these are the European Union, Israel, Egypt, and Palestine.

In addition, MERCOSUR has played a key role in promoting regional integration, which can lead to increased efficiency and competitiveness for member countries. For example, MERCOSUR member countries can take advantage of economies of scale. They are encouraged to produce goods and services together and by creating regional supply chains.

However, the commercial benefits of MERCOSUR have been hindered by the lack of consistency among member countries in implementing the bloc’s agreements, as well as by trade disputes among member countries.

Furthermore, the covid-19 pandemic has hit hard MERCOSUR country’s economies. This has led to a decrease in trade and a resurgence of protectionist measures. These countries are still trying to recover from this economic crisis and it remains to be seen how it will affect the commercial benefits of the bloc.

Overall, while MERCOSUR has faced challenges, it continues to offer significant commercial benefits for its member countries. Through increased access to larger markets, the ability to negotiate free trade agreements, and opportunities for regional integration.

Get Assistance from Easyco Experts!

South America is the perfect company to register your company To ensure you register your company correctly and comply with all local laws and regulations, you can get in touch with us, and our team of experts will make the company registration process easy for you!

At Easyco, we make company formation in South America easy; our corporate experts have vast experience helping companies and individuals register their business in South America, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in South America today!

Additionally, Easyco provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,
• Providing a registered office address
• Handling tax and accounting
• Hassle-free Payroll Services
• Manage your Company bank account opening
• Manage your Trademark Registration
• Recruiting and Hiring Talent
• Corporate Legal Services.

The post What is MERCOSUR? Political and Commercial Benefits appeared first on EasyCo.

This is why so many countries choose to outsource these tasks and work with a partner that can help in all the steps of the process, providing you the assistance of professionals prepared to support your business and solve all types of problems or complications that may arise, making sure your local operations and processes run smoothly.

These are some of the benefits of Hiring in Latin America and how at Easyco we can help you with recruitment, payroll, local compliance, and migration services!

Benefits of Hiring in Latin America

These are only some of the benefits you can get from hiring staff in Latin America to help with the expansion and growth of your business!

• English as Second Language

  Spanish is the main language spoken by most countries in Latin America, followed by Portuguese. However, English is considered very important, it is taught at schools from a young age, and it is required in order to obtain a Bachelor’s Degree in some universities (this varies from country to country). Only in South America, it is estimated that around 5.4 million people speak English, 2.8 million of them located in Argentina. This makes Latin America a good option for companies that need employees that are fluent in English.

• Time Zone Benefits

  It is also important to have into consideration that most countries in Latin America are in the same time zone as the United States and Canada. Therefore, outsourcing and hiring of employees can be managed easily.

• Salaries and other Benefits

  Salaries in Latin America are generally lower than in the USA, Canada, and Europe. The cost of living is much lower and the minimum wage in the region starts at around USD 200, and it comes to USD 400, Ecuador has the highest minimum wage.

  However, Latin America’s workforce is highly skilled and the market can be very competitive. Salaries are important when taking a job into consideration, but other additional benefits for the employee and their families can make the difference and end up being a big advantage for the company hiring.

How can Easyco help?

At Easyco we offer services that make the handling of your business easy. We design all our services in order to comply with your company necessities, as well as with local regulations, laws, and other requirements that can change across industries and countries in Latin America. These are some of the ways we can help with Talent Acquisition, Recruiting, Hiring, and Managing your personnel.

• Talent Acquisition and Hiring

  Our Talent Acquisition and Hiring Services have the goal of finding the perfect candidates to fulfill the role needed in the company. Easyco makes sure the person is highly qualified, as well as counting on all the required experience, skills, and social abilities necessary for the position.

  We work with a group of professionals that are in charge of researching and using the latest technology to recruit, interview, and filter the right candidates for your company, always taking into consideration the industry and type of work.

• Global Payroll

  Payroll Outsourcing is an attractive option for many companies with either a small or big number of employees. This service allows you to focus on the expansion of your business in Latin America without worrying about the differences in regulations and laws regarding payroll. Easyco takes that responsibility away from you and your team and carefully handles the payroll of your company as you expand, complying with all of the local laws and regulations.

  These are some of the services included in Global Payroll Outsourcing in Latin America:

  • Complete calculation of paycheck

  • Direct deposit to multiple accounts

  • Guidance for employee insurance

  • Reporting of employee benefits, and more.

• Work Permits and Migration

  In Latin America, constant migration and mobility are very common. That’s why you should consider it in case you can’t find the right candidate for a job position in the city or country where you need it. This is possible thanks to various regional measures and laws that allow citizens to easily relocate to other countries. For example, citizens of the CAN (Comunidad Andina), formed by Peru, Colombia, Ecuador, and Bolivia can work in any of the member countries under their local regulations without having to apply for a work permit or Visa.

  However, some countries have friendly migration policies for foreigners and allow them to work, invest and start their businesses without any problems. Colombia is one of these countries and offers Migration, Visitor, and Resident types of Visas.

• Specialized Areas

  These are some of the specialized areas we have hired for across Latin America. However, we can help you fill in any other role for your company!

  • Accounting and Finance

  • Administrative and Office

  • Call Center and Customer Service

  • Technology and IT

  • Creative and Marketing

  • Legal

  • Sales

  • Healthcare

Get Assistance from Easyco Experts!

At Easyco, we make company formation in Latin America easy; our team of corporate experts has vast experience helping companies and individuals register their business in LATAM, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of Legal Representation

• Providing a Registered Office Address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

• PEO and EOR services

The post Talent Acquisition in Latin America: Recruiting and Hiring appeared first on EasyCo.

The key to choosing the right one for your business is to decide how many of the HR tasks you’re willing to outsource and also what are your expansion plans for the future. Is your company interested in hiring abroad? Are you going to register a legal structure in another country? Do you need help with recruiting, hiring, and onboarding employees?

What are PEO and EOR?

PEO and EOR are both Human Resources Services that handle the Payroll of the company. They both are the perfect solution for companies that are interested in outsourcing some (or all) tasks and responsibilities regarding the employees, hiring, training, and more.

• Professional Employer Organization (PEO)

  A Professional Employer Organization, also known as PEO is a company that offers services that are going to considerably reduce the amount of workload of the Human Resources Department of your company. This type of organization acts as a co-employer for your business, which means that there are always going to be tasks that need to be coordinated and reviewed by both parties.

• Employer of Record (EOR)

  An Employer of Record, or EOR is also a service offered for companies that want to reduce the workload of their team, but also need help expanding to new countries where they don’t have a legal entity. An EOR is going to act as the legal employer, handle some of the HR tasks, as well as the payments, contributions, and tax declarations of your company.

What are the differences?

There are some differences between PEO and EOR services, that can affect the way they benefit your company, depending on your needs and current situation.

EOR

• Acts as the legal employer, and assumes all responsibilities and liabilities

• An EOR is perfect for companies expanding to new countries where they’re not registered

• Service can be provided for a minimum of 1 – 5 employees

• Responsible for the taxes

PEO

• The PEO and your company share responsibilities and liabilities

• The client must be registered in the country where the service is offered

• Usually require a minimum of 5 – 10 employees

• Tax reporting has to be done under your company’s (client) ID number

Which one is better for my company?

The answer to this question depends on the current situation of your company in the country of interest, considering the following:

• Future goals

• Objectives

• Number of employees

• Cost

• Amount of HR responsibilities that want to be outsourced

Some businesses benefit from EOR since it reduces the barrier of entry in multiple jurisdictions, whereas with POA you can assign time-consuming tasks and better allocate your resources in HR.

How can Easyco help you?

Easyco has assisted entrepreneurs and big companies enter different countries across Latin America. We provide comprehensive services for PEO and EOR requirements and have local knowledge about employee outsourcing. All you have to do is send us a message with the information about your company and we’ll get back to you with a proposal that caters to all your needs.

Learn more about Easyco Services!

Easyco aims to tackle the complex company registration processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Latin America today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Recruiting and Hiring Talent

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

• EOR and PEO Services

The post PEO and EOR: Differences and Benefits for your company appeared first on EasyCo.