How to stay compliant

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

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How to stay compliant

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

So you want to hire someone in Belize. 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 Belize, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.

But there’s a catch: EOR solutions in Belize are expensive—usually at least $500 per month per employee—and can take time to set up. 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 Belizean entity, they’re rarely cheap or fast.

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

The solution: Hire your teammates in Belize 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 Belize). 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 Belize:

Everything you should know about using an EOR in Belize

Are you considering hiring independent contractors abroad? If so, you may want to consider using an Employer of Record (EOR) in Belize instead. An EOR can help you navigate the complex legal and regulatory landscape of hiring workers in a foreign country. In this post, we'll break down everything you need to know about using an EOR in Belize, including any legal or regulatory conditions specific to the country.

What is an EOR?

An EOR is a third-party company that acts as an employer on behalf of your business. They handle all the legal and administrative tasks associated with hiring workers, including payroll, taxes, and benefits. This can be especially helpful when hiring workers in a foreign country, where the legal and regulatory landscape may be unfamiliar.

Legal and regulatory conditions in Belize

When it comes to hiring workers in Belize, there are several legal and regulatory conditions that you should be aware of. For example, employers are required to contribute to the National Social Security System, which provides benefits such as retirement, disability, and survivor's pensions. Employers are also required to provide paid vacation time, sick leave, and public holidays.

In addition, employers must comply with the Labor Act, which sets out the minimum standards for employment in Belize. This includes requirements around working hours, overtime pay, and termination of employment. Failure to comply with these regulations can result in fines and legal action.

Why hiring independent contractors might be easier

While using an EOR can help you navigate the legal and regulatory landscape of hiring workers in Belize, it may not be the best option for every business. Hiring independent contractors can be a simpler and more flexible option, especially if you only need workers for a short-term project.

When hiring independent contractors, you are typically not responsible for providing benefits. However, you should still ensure that your contractors are properly classified and that you are not misclassifying employees as contractors. Misclassification can result in legal and financial consequences.

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 Misclassification Assurance: 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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