To make your expansion into Iceland go hassle-free and cost-effective you can utilise our PEO services which enable you to start your Icelandic business in days. With a small economy, an active consumer market, and a well-developed trading structure, Iceland is in the crosshairs of many innovative companies. Iceland’s economy knows a broad history of increase and decrease resulting in a mixed economy with the service sector as its main pillar. The country relies heavenly on tourism, but the software sector and biotechnology are rapidly gaining ground too. Iceland’s main export products are tourism, marine products, and aluminium.
With well-developed trade agreements across Europe and the United States, Iceland has plenty to offer to any business looking for new opportunities.
A Professional Employer Organisation offers you a launchpad for global expansion. By using a PEO in Iceland there is no need to set up a legal entity including all tax registrations and complicated paperwork, and you can start doing business within days. At Bradford Jacobs, we made it our goal to gain expert inside knowledge on Icelandic payroll, taxes, labour laws, and other local regulations. By utilising our sources, you can start your Global Expansion hassle-free and at a low cost. We can provide specific support for payroll, taxation, Human Resources, and compliance issues as you expand your operations and enforce your workforce.
If you are ready to start your global success with us, you can add new international talent to your company within days. We have the connections and network to locate talents that meet your needs and wishes on all levels. Without the need for you to create an Icelandic subsidiary, your new employee can benefit your business in Iceland in days instead of months. Needless to say, we ensure your company complies with all regulations and laws, areas to which can incur severe penalties would you fail to adhere. Your chosen candidate is hired through our agencies in Iceland and remains under your day-to-day control.
Your business is not like any other, and we get that. Your international plans require solutions that match these plans, your goals, and your business strategy. Therefore, our PEO services provide a consultative approach and a tailor-made solution because we know one size does not fit all.
A PEO works with Employer of Record (EOR) agencies. This agency can function as the employer of your new workforce. Our EOR agencies in Iceland enable you to operate staff in-country without worrying about HR (Human Resources) services, tax, payroll, hiring, firing, or adapting to changes in local regulations and employment laws. The EOR will take on these tasks and will be fully responsible.
When you hire us as a PEO, we agree and establish a contract between you and Bradford Jacobs. We also agree with your new employee in Iceland and signed an employment contract with this person. Your new workforce’s daily workflow and tasks will be under your guidance. Although we function as your employee’s legal employer, they perform duties for your business as a part of your team.
When expanding your business into Iceland, there are many opportunities to seek and explore. With us as your trusted partner, you can solely focus on these opportunities without worrying about the following:
Our PEO and EOR employment solutions enable you to create and maintain your mobile workforce legally and officially employed in Iceland without establishing a legal entity in-country. No expensive, time-consuming processes with the risk of not complying with foreign laws and regulations, but an efficient, fast, and stress-free alternative to conquer new markets.
You select your candidates, and we do the rest. We provide:
For more information, download our free guide or get in touch with our consultants here