Basics

• Contractors: What Is the Difference with Employees?

  Contractors Contractors are those who are (or can be) registered as freelancers or businesses in their respective countries and, as such, can invoice your business. They need to send an invoice each month for their services, and we advise you to check that they are indeed registered as freelancers or solopreneurs in their home countries. Employees An employee is someone who is formally employed by your company and receives regular monthly salaries. They have employment contractsFew readers

• What Does It Mean to Be a Digital Nomad or Location-Independent Employee?

  A digital nomad or location-independent employee is someone who doesn't have a fixed tax residence in any specific country. However, it's essential to understand the distinction between being a digital nomad and having no tax residency anywhere. A digital nomad is someone who works remotely while traveling, but they may still be liable for taxes based on their tax residency status. Conversely, individuals with no tax residency anywhere are not obligated to pay taxes in any specific cFew readers

• What Should I Consider When Hiring Contractors?

  If your employees are contractors, professionals or freelancers in their countries of residence, they will issue invoices for their services rather than receive a salary. You can declare these invoices as expenses, making the money tax-free. Additionally, these professionals will contribute to their social security and pension in their respective countries. Most countries determine tax residencFew readers

• How Do Business Trips Work for Contractors and EOR Employees?

  When registering a business trip for a contractor or an EOR employee hired through Companio Work in the Travels section of the dashboard, there are a few important rules and limitations to keep in mind. This guide explains how travel arrangements work specifically for these two profiles, and how they differ from other types of travelers such as internal employees or board members. Are Contractors and EOR Employees Entitled to a Daily Allowance? No. Neither contractorsFew readers

Invoices

• How to Create an Invoice as a Contractor?

  Here's how to create an invoice: Access the employee dashboard. You'll find a section with your name and contract details. Click on "View details." On the right side, where the invoice history is displayed, click on the "New invoice" button. Your invoice details will automatFew readers