Doing Business in Ireland with an Employer of Record

Got your eyes set on the enterprising land of Ireland, but have no idea as to how to venture into its market without exceeding the budget? This article has got your back!

The wisest and most cost-effective way of making this dream real is by hiring an Employer of Record Ireland. An Ireland Employer of Record not only distributes payroll and employee benefits, but draws out employee contracts, hires workers, executes HR duties, and manages the operational functioning of your Irish Branch.

Hiring a reliable Ireland Employer of Record Service will provide the following major benefits, among others.

·         Proper adherence to employment laws:

With simple employment laws, Ireland does not daunt foreign businesses much, but it is better to hire an Employer of Record Ireland to be relieved of the burden, and also to speed up the process. Drafting accurate employee contracts in compliance with the local laws, such as providing it in the local language with enlisted remuneration in euros and working details, is a must. From not crossing the maximum working limit of 48-hours a week to paying above the minimum wage and more, all these basic statutes are kept in mind by an Irish Employer of Record to avoid disputes.

·         Payroll and taxation:

Payroll should be timely distributed after withholding the necessary amount that has to be submitted as tax. Providing payslips is a must, be it a hard copy or a soft one. Though Ireland has some of the lowest tax rates in all of Europe, there are several variants to it, like the Pay As You Earn tax (PAYE), Pay Related Social Insurance (PRSI), VAT, Universal Social Charge (USC). They may seem confusing but are deftly handled by experienced Irish Employers of Record.

·         A clear and reliable bond:

A transparent work strategy keeps the trust intact between your company and the Employer of Record entity as well as with your Irish employees. By giving proper termination notices and redundancy pays when required, an Ireland Employer of Record maintains a positive image of your company, which is beneficial for business. By providing proper employee benefits and setting up a culturally relevant work calendar, they upkeep a satisfying, professional relationship between your company and off-shore employees.

·         Employee benefits and other areas of operation:

Irish employees are entitled to 20 days of annual leave along with other holidays, nine national holidays, performance-based bonuses, paid sick leave of one month in a 12-month period, 26 weeks of maternity leave with 16 additional weeks of unpaid leave, two weeks of paternity leave, and health insurance. Hiring a reliable Employer of Record Ireland takes care of all these benefits and doles them out with dedication to ensure the well-being of your Irish employees. After all, a company can only progress if their employees are happy and motivated.

Therefore, the most feasible way of expanding into Ireland is by availing the services of an Ireland Employer of Record. They will not only provide monthly reports of payroll and progress but will also guide your off-shore office to make the best choices as far as the Ireland business market is concerned.