How to stay compliant

Employer-of-Record (EOR) in Anguilla: Do You Need One?

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How to stay compliant

Employer-of-Record (EOR) in Anguilla: Do You Need One?

So you want to hire someone in Anguilla. Problem is, your company is located somewhere else.

If you’ve done some research, you’ve probably been told you should be using an Employer-of-Record (EOR). Why? Well, if your company isn’t located in Anguilla, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.

But there’s a catch: EOR solutions in Anguilla are expensive—usually at least $500 per month per employee—and can take time to setup. And because you’re complying with a different set of labor laws, logistics and benefits can end up costing you lots of time and money. While they will save you time from setting up your own Anguillan entity, they’re rarely cheap or fast.

The good news? There’s another way to hire remote workers in Anguilla, and it doesn’t involve forking out huge amounts of money for an EOR.

The solution: Hire your teammates in Anguilla as contractors. If you’re hiring remotely and your teammates have autonomy, there’s a good chance you can make compliant contractor hires. You still have to use locally-compliant contracts, but the process is a lot easier, more affordable, and faster.

We built Thera to help you make contractor hires, in 150+ countries (like Anguilla). So you can hire the people you want on your team, without paying thousands for an EOR. You can get set up in a couple of clicks—and you’ll only pay $49 per contractor per month.

It’s just as easy as it sounds. No catch. Here’s what Thera looks like vs. an EOR in Anguilla:

Everything you should know about using an EOR in Anguilla

Are you considering hiring independent contractors in Anguilla? If so, you may be wondering about the best way to manage payroll and compliance. One option is to use an Employer of Record (EOR) service, which can handle payroll, taxes, and other administrative tasks on your behalf. In this post, we'll explore everything you should know about using an EOR in Anguilla, including any legal or regulatory conditions specific to the country. We'll also discuss why hiring independent contractors directly may be a simpler option.

What is an EOR?

An EOR is a third-party service provider that acts as the official employer of your workers. This means that the EOR is responsible for managing payroll, taxes, benefits, and other HR tasks. You, as the client, maintain control over the day-to-day work of your employees, but the EOR handles the administrative details.

Legal and regulatory conditions in Anguilla

Anguilla is a British Overseas Territory, and as such, it follows UK employment laws. However, there are some unique regulations that apply specifically to Anguilla. For example, the Anguilla Social Security Board requires employers to contribute 5% of their employees' gross wages to a social security fund. Employers must also register with the Social Security Board and obtain a National Insurance number for each employee.

Using an EOR in Anguilla can help ensure compliance with these regulations, as the EOR will handle all necessary registrations and contributions. However, it's important to choose an EOR with experience in Anguilla and a thorough understanding of local laws and regulations.

Why hire independent contractors directly?

While using an EOR can be a convenient option for managing payroll and compliance, it may not be the best choice for every situation. If you only need to hire a few workers for a short-term project, it may be simpler and more cost-effective to hire independent contractors directly.

When you hire independent contractors, you are not responsible for payroll taxes or benefits, as the contractors are considered self-employed. You also have more flexibility in terms of project timelines and work arrangements. However, it's important to ensure that your contractors are properly classified as independent contractors under local laws and regulations.

What if I accidentally misclassify my contractors?

We’ve got two pieces of good news for you. For one, if you’re hiring remotely, it’s unlikely you’ll misclassify your contractors. Many of the things that qualify people as employees, such as company equipment and set working hours, don’t typically apply to remote work.

Still, it’s helpful to have the comfort of knowing you’re not at risk for misclassification. That’s why, at Thera, we’ve launched a Misclassification Guarantee: so you can hire contractors abroad, worry-free. Learn more about hiring with Thera below.

Hiring contractors? Thera can save you a ton of time

If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.

With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.

Sound interesting? Click here to book a demo and see the platform firsthand

Run your global workforce on autopilot with Thera

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