Using our EOR services in Colombia allows you to access the opportunities of the Colombian market within days while we take care of the paperwork for hiring your workforce compliantly. Colombia is ‘open for business’ and looking to play a broader role in global economies. The Colombian Government is continuing to develop an increasingly welcoming attitude towards private enterprise and entrepreneurial activity.
Consumerism is growing in this upper-middle income market, along with development in the electronics, chemicals, services and high-tech sectors, thanks to a highly-educated and well-motivated workforce. Traditional economic strengths still lie in mining for gold and precious gems, oil and petrochemicals, coffee, textile and agriculture.
Colombia has many free trade agreements on the global economic front, including with the US and European Union. It is a member of the Pacific Alliance trading bloc, among other regional trade organisations, such as Mercosur. Colombia’s geographical location in the northwest of South America adds to its trading potential. There is a Caribbean coastline to the north leading to the Atlantic, a Pacific coast to the west, and the land border with Panama is the route to Central and North America. Colombia also has land borders with Brazil, the region’s leading economy, and Ecuador, Peru and Venezuela.
But each market brings in new challenges. These can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation (PEO) such as Bradford Jacobs, primarily through our Employer of Record (EOR) framework. This can be best utilised when businesses are just beginning their expansion process and require more information before incorporating an entity and fully establishing themselves in that market.
Our EOR services in Colombia offer our global entity network to companies considering an expansion. We become your international employees’ Employer of Record, meaning that we take full responsibility for your employees’:
As an Employer Of Record, we conclude an agreement with you and the employee who will be working for your company. We become the legal employer of your new workforce. Your company maintains control over the working relationship, work ethics, tasks, and daily responsibilities of your employee.
With our EOR services in Colombia, our in-country agency will legally hire your selected employees while you are responsible for their day-to-day activities. We currently operate in over a hundred countries where we use local networks of experts, which allows us to gain expert knowledge of local laws and regulations and recruitment customs and trends. By partnering with us as an EOR, your company will also have access to this specialist knowledge.
Our contract with your employee is 100% compliant with Colombian labour laws and includes benefits such as insurance and pensions. We can hire, onboard, and manage your new employees in Colombia within days. Here is what we can do for you:
The most significant benefit of using our EOR services in Colombia is probably that there is then no necessity for you to set up an entity there. This process can take months, and during this period, it is unlikely that you will have legal resources to pay your employees in Colombia, resulting in a considerable delay in your Global Expansion plans.
Global expansion is an exciting step that often leads to a growing and successful business, but the red tape in a new country can be demotivating and frustrating. Imagine a way to expand your business without red tape globally and at low costs: that is what working with an EOR can do for you. By letting us take care of the hard part, you can focus on the significant part: expanding your business into Colombia.
These are the aspects we can take away from you:
As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort, but it does not have to. We have extensive experience with Colombian payroll, taxes, and other local laws and regulations at Bradford Jacobs.
We can help you with the following:
Employees are the central core of your business. They keep the engine running; therefore, it is also essential to create a stable agreement that satisfies both employer and employee. As a legal employer, the EOR is responsible for keeping employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant Colombian employment contract.
We will make sure they enjoy the following:
Working with contractors on a project- or temporary basis can provide an excellent solution during your global expansion into Colombia. At Bradford Jacobs, we have access to a vast pool of international contractors and can find you the perfect fit for your project or expansion in Colombia.
Since it is not allowed for a contractor to work full-time for you solely, we can always set up an EOR when necessary, providing you with a swift solution for your international workforce.
Feel free to share your plans and dreams with us so that we can find the perfect solution and provide a compliant working agreement that suits everyone.
For more information, download our free guide or get in touch with our consultants here