PEO SERVICES IN COLOMBIA

Our PEO Services in Colombia can help you make your expansion hassle-free and cost-effective, enabling you to start your Colombian business in days. Characterised by a highly-skilled and innovative workforce, flexible employment and tax laws, a world-renowned infrastructure network, and leading sectors in agriculture, manufacturing, ICT, energy, pharmaceuticals, and tourism, Colombia offers lots of opportunities for international companies undertaking a Global Expansion in Latin America (LATAM), but also significant stress to ensuring the entity with the country’s rigid legal structures and laws.

Ensuring compliance without sufficient knowledge of the country’s laws also adds stress to getting your new entity off the ground and ready to test new markets. Going at it without the proper support can increase the costs, time and risks involved. Each new market brings new challenges, which can be worked through more efficiently and cost-effectively with the help of a global Professional Employer Organisation (PEO) such as Bradford Jacobs.

Why choose a PEO when expanding into Colombia?

A PEO offers you a launchpad for Global Expansion. By using our PEO services in Colombia, there is no need to set up a legal entity, including all tax registrations and complicated paperwork. You can start doing business within days. At Bradford Jacobs, we aimed to gain expert inside knowledge on Colombian payroll, taxes, labour laws, and other Colombian regulations. Using our sources, you can start your Global Expansion hassle-free and at low costs. 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 the best Talent that meet your needs and wishes on all levels. Without creating a Colombian subsidiary, your new employee can benefit your business in Colombia in days instead of months. We ensure your company complies with all regulations and laws, areas to which you can incur severe penalties would you fail to adhere. Your chosen candidate is hired through our agencies in Colombia and remains under your control.

How does a Professional Employer Organisation work in Colombia?

Your business is not like any other, and we get that. Your international plans require solutions that match them, your goals, and your business strategy. Therefore, our PEO services in Colombia 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. Our EOR agencies in Colombia enable you to operate staff in-country without worrying about HR (Human Resources) services, tax, payroll, hiring, firing, or adapting to changes in Colombian 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 have also agreed with your new employee in Colombia 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.

  • You want to deploy an existing employee or recruit new talent in Colombia.
  • Once the candidate is selected, Bradford Jacobs steps in as their EOR through our Colombian entity. We guarantee compliance with employment contracts, payroll, HR, tax, required visas or work permits.
  • Within a few days, your company will have an international presence in a new market, in a prime position without the risks, hassle, or expenses of setting up your subsidiary.
  • You will control the employee daily while we manage all work-related registration formalities. Our consultants inform your employee about their holidays, benefits, and entitlements policies.
  • All approved declarations and completed timesheets are sent to us by the employee. We will invoice you, and once the payment is completed, we will deduct all contributions from the authorities and transfer the balance into the employee’s account.

What are the benefits of using PEO services in Colombia?

When expanding your business into Colombia, 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:

  • Registering with the Tax Office.
  • Registering with the Social Security.
  • Setting up a bank account
  • Creating employment contracts.
  • Applying for special expatriation status (if applicable).
  • Calculating monthly salary and producing payslips.
  • Researching available tax-free allowances.
  • Submitting wage tax returns and national insurance forms.
  • Corresponding with involved parties.
  • Annual accounts, administration, and year-end statements.
  • Creating payment schedules for wages tax, national insurance, and net wages.
  • Personal income tax returns.

Our PEO and EOR employment solutions enable you to create and maintain your mobile workforce legally and officially employed in Colombia 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.

Benefits for Employers when using PEO services in Colombia

  • A rapid solution to onboarding employees for your international expansion into Colombia.
  • Total control over operating budgets as all costs are detailed at outset for full transparency.
  • Minimal paperwork or red tape. Since you do not need to set up an entity, you can start operating in Colombia within days.
  • Expert guidance with employment and compliance issues.
  • Reduced accountancy and legal costs.
  • Statutory professional insurance.

Benefits for Employees when using PEO services in Colombia

  • Worry-free local employment contract compliant with Colombian regulations.
  • On-time and 100% accurate salary payment.
  • Great benefits.
  • One-to-one professional HR advice.
  • Updates on tax and compliance regulations.

LOOKING TO EXPAND INTO COLOMBIA?

For more information, download our free guide or get in touch with our consultants here