Global PEO in Sri Lanka

Recruiting and hiring new staff members can be somewhat demanding. When you are beginning from scratch with a firm, naturally, your goal is to hire the best candidate for the job. 

Moreover, it is common to locate these ideal workers abroad. This does not, however, mean that just because they are foreign-born, you cannot hire them. 

It could seem unfeasible to hire someone who lives in Sri Lanka, especially if your business is a start-up or small business with an international headquarters. 

But it’s not. Professional employer organizations (PEO) in Sri Lanka, like EOR Services, do more than just make recruiting overseas possible; they truly help.

What is a PEO?

Essentially, a professional employer organization (PEO) provides valuable assistance to businesses looking to hire workers globally, regardless of the business or personnel’s location. If you’re considering adding a team member residing in Sri Lanka, a PEO can be a valuable ally.

The comprehensive HR services offered by a PEO encompass managing payroll, establishing competitive benefit plans, navigating foreign tax regulations, and ensuring compliance with all local laws in Sri Lanka.

Beyond handling the intricacies of paystubs, perks, deductions, and taxes, a PEO service in Sri Lanka fulfills local statutory employer obligations. By taking care of the tedious and complex aspects of international hiring, PEOs empower enterprises to focus on their core priorities: attracting top talent and expanding their business.

Small companies can position themselves for success in the global economy by leveraging the services of a PEO to hire individuals from around the world. Don’t let location, which is rather arbitrary, hinder the process of bringing the best people on board!

What does it cost to build a team in Sri Lanka?

Setting up your own local legal firm is a strategy to consider when venturing into Sri Lanka. On the surface, it may seem like a cost-effective choice, with an average registration and launch cost of $500 USD.

However, bear in mind the additional expenses that will emerge, including establishing a physical address, hiring local attorneys and HR specialists for contract drafting, arranging flights to and from Sri Lanka for necessary correspondence, bank fees, and mandatory taxes – and this is just the beginning.

Alternatively, you have the option to collaborate with EOR Services in Sri Lanka.

EOR Services in Sri Lanka:

You can initiate the utilization of EOR Services at any time for free.

We can assist you in onboarding and compensating foreign workers through our EOR services in Sri Lanka, starting at only $19 per employee per month. Our more comprehensive employer of record services in Sri Lanka involve recruiting foreign workers on your behalf. We manage compliance, payroll, and benefits, with a monthly cost of $199 for this service.

Want to book in for a demo?

If you think that EOR Services may be a good fit for your business, we would be pleased to talk with you. Schedule a free demo with us right now, and we’ll walk through how it all works.