Is It Mandatory to Use Companio Work?
No, it's not mandatory, but we strongly recommend it. If you choose to assign yourself a salary, you can enjoy these benefits:
✅ You'll comply with local laws.
✅ You'll contribute to social security, which comes with all the associated benefits such as access to retirement, unemployment coverage, healthcare, and more.
✅ It allows you to hire employees in other countries without the hassles of international hiring. In other words, you won't have to worry about registering them in their respective countries, stressing over local law compliance, or spending precious time on payroll management.
If you'd instead not use Companio Work, that's perfectly fine. You and your employees can continue as contractors and invoice your company.
✅ You'll comply with local laws.
✅ You'll contribute to social security, which comes with all the associated benefits such as access to retirement, unemployment coverage, healthcare, and more.
✅ It allows you to hire employees in other countries without the hassles of international hiring. In other words, you won't have to worry about registering them in their respective countries, stressing over local law compliance, or spending precious time on payroll management.
If you'd instead not use Companio Work, that's perfectly fine. You and your employees can continue as contractors and invoice your company.
Updated on: 20/09/2023
Thank you!