Basics

• What Is Companio Work And How Does It Work?

  Companio Work allows you to hire, pay, and manage international employees for your company from more than 80 countries. Why Companio Work? As you know, Companio is focused on supporting location-independent entrepreneurs and freelancers throughout their journey, without interfering with your personal tax situations or obligations in your respective countries. While location-independent entrepreneurs may no longer be subject to tax obligations in their home countries (if they are not tax-reFew readers

• What Should I Consider When Hiring Employees?

  When you hire employees for your company, there are a few important things to remember. Firstly, you will be responsible for paying full taxes on the employee's salary, which includes social benefits like medical care, unemployment benefits, and pension plans. This is beneficial as it ensures regular social security and pension fund contributions. Secondly, you must also cover the employee's salary, corporation, and income tax. Hiring international employees may seem complex,Few readers

• Is the Employee Hired by My Company or by Companio?

  Depending on the specific country, we hire the employee through either one of our local companies or trusted partners. This approach allows us to navigate local regulations and requirements efficiently. "Employer On Record" (EOR) is a key term in our international employment process. Even though our local company or partner technically hires the employee, they officially work for your business. This is all legal and lets us handle all the paperwork efficiently. This EOR approach has sFew readers

• How Much Do I Pay for an Employee With Companio Work?

  All employees will be incorporated into the Companio Work system for management and administration purposes. During the first month, you will receive two invoices. We will use a Spanish Customer Support Agent as an example: Regular Monthly Invoices: Every month, including your first month, you will receive a standard invoice covering: Your gross salary of 2000€: This translates to approximately 1600€ net on this example. Social security contributions of €556: Includes social taxeFew readers

• 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 emploFew readers

• How Do I Register a New Employee With Companio Work?

  Access the Companio's dashboard and navigate to the "Employees" section. Click on "Add Employee" to proceed. Provide the employee's personal information. Next, input details about their job, including salary, starting date, and other relevant data. Finally, enter the employee's bank information. After you submit the employee details, we will receive a request for a quote. Our team will calculate the quote based on the employee's gross salary and other relevant factors. ThiFew readers

Salaries

• How Do I Pay for my Employees' Salaries in Companio Work?

  Every month, Companio Work follows a specific process to handle the payment of salaries for employees. Here are the steps involved: On the 1st of the month, we send a reminder to you, the customer, informing you that you have until the 4th to specify any bonuses you would like to include in the payroll for that month. Additionally, we advise you that the invoice for the salaries of your global employFew readers

• How Are Salaries Determined and Bonuses Handled at Companio Work?

  Salaries at Companio Work are determined based on a monthly bonus system. Here's how it works: At the beginning of each month, on day 1, you are given the opportunity to add bonuses for your employees. You have until the 4th of the month to decide whether you want to include a bonus in the employees' section. Once the bonus decisions are finalized, we take these bonuses into account and add them to the invoices. This means that the bonuses are reflected in the total amount billed tFew readers

Estonia

• Can I Pay Myself a Salary from My Estonian Company Without Being a Tax Resident?

  Paying yourself a salary without having a formal job or being a contractor (like a freelancer or independent worker) and trying to pay taxes in Estonia without being a tax resident there can be considered an irregular situation in your home country. This happens because your home country might consider you a tax resident and require you to pay taxes there instead of in Estonia. In short, you can't pay social security contributions (neither your Estonian company nor yourself) for the "saFew readers