Articles on: Companio Work

Is Companio Work Expensive?

No, it's not. Companio Work offers a cost-effective solution for hiring international talent, which is particularly beneficial for small businesses

Instead of establishing a presence in each country where you want to hire employees, which involves social tax payments, accounting, and other complexities, Companio Work simplifies the process for you. 

Here's a real-life example to illustrate the affordability:

Real-Life Example

Let's consider a scenario in Spain where you have an employee with a gross salary of €1,500. The total expenses for the employer, including the gross salary and taxes, amount to €2,202.83 per month. 

Additionally, there is a €590 fee for using Companio Work's services, bringing the total cost to €2,792.83 per month per employee.

You can verify this calculation using our online calculator available at Companio Pricing Calculator. This tool allows you to customize your cost estimate based on specific circumstances and provides a clear breakdown of expenses.

When comparing this cost to hiring an international employee by establishing a legal entity, it's important to note that setting such an entity can range from €14,000 to €19,000 in most countries.

On top of that, you need to consider the costs of hiring employees, paying taxes, and managing the financial and administrative aspects of running a business in that country.

Furthermore, we're discussing opening a legal entity in a country. Imagine the costs and time you would incur if you had to go through this process in each country where you wish to hire employees!

What About Value-Added Tax (VAT) And the Deposit?

It's important to note that the initial invoice may include Value-Added Tax (VAT), contributing to the perception of cost. However, VAT is not a permanent expense; it is ultimately refundable. Please view VAT as a temporary cost that will be accounted for in your annual financial statements or deducted from your tax liabilities.

Additionally, the deposit is fully refundable at the end of the employment period if everything goes smoothly. We prioritize transparency and accountability, and the deposit serves as a safeguard for both parties, ensuring that the employment agreement terms are fulfilled.

In summary, Companio Work is committed to providing clarity and reassurance regarding our pricing structure. 

While it may seem expensive initially due to factors like VAT, our deposit is fully refundable, and real-life examples demonstrate the cost-effectiveness of our services, especially in comparison to traditional hiring methods. 

We are here to support your global employment needs and make the process as transparent and straightforward as possible.

Updated on: 27/09/2023

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