How to Hire In Panama Remotely
A list of different options available for hiring remote workers in Panama
Different options for remote
hiring in Panama
Skuad is a fast growing global employment and payroll platform. It enables companies to employ and pay exceptional talent anywhere in the world, compliantly.
Skuad’s digital employment infrastructure ensures companies can hire, onboard and pay employees and contractors in 160+ countries, without setting up local entities, on a single unified dashboard. Skuad’s legal infrastructure manages all local compliances, and provides a range of amazing country-specific benefits and insurance packages.
Skuad is built for the new world of work, where large enterprises and emerging startups can access the best talent globally, to grow their business and build diverse distributed teams. There are no upfront fees, hidden costs or long-term lock-ins involved.
Why you should use Skuad?
- Easy pricing - start for free; cancel any time
- Pay contractors for free lifetime
- Local HR compliance
- Risk management
- Seamless onboarding of employees
- GDPR compliant
Remote combines global contractor payments, employer of record services, and payroll management for your global businesses into a single platform. Hire worldwide without establishing local organizations; it handles local payroll, taxes, benefits, and compliance so your employees feel as safe and secure as your company.
Setting up local entities can consume a lot of time and money. To help you confidently expand your global footprint, it creates organizations to adhere to the strictest compliance standards. With just one click, it enables businesses of all sizes to hire, oversee, and pay full-time and contract employees anywhere in the world.
Remote simplifies the management of worldwide payroll, benefits, taxes, stock options, and compliance in more than 50 countries. Manage and pay international contractors at $29 contractor/month and hire employees in countries where you don't have entities at $299 employee/month.
Why you should choose Remote?
- 930+ employees in 65+ countries
- 35+ payroll currencies
- 75+ distinct nationalities
Local Entity In The CountryVisit Website
The most lawful way to hire staff in any country is to establish a local legal entity in that country. It is sometimes easier said than done and requires local representation depending on the nation. It is thus only feasible if you want to quickly hire a large staff in a certain area or are already working with a large workforce in a specific country.
The laws governing the formation of a subsidiary differ by country and state. To learn about the legal requirements, parent firms can consult with outside counsel or locally licensed services.
Why you should use a Local Legal Entity?
- Legally complaint
- Flexibility regarding taxation and liability
- Employee protection
Shield GEOVisit Website
Shield GEO is now part of Velocity Global, the leading provider of global talent solutions. Shield GEO is an Employer of Record service that enables businesses to hire and pay employees in more than 90 different countries.
Shield GEO, a Global Employment Organization (GEO), serves as the Employer of Record by outsourcing employment and payroll services to businesses with employees in nations where they are unable to directly hire them.
The business also provides Agent of Record (AoR), which streamlines contractor payments, and Independent Contractor Compliance, which evaluates a workforce. NelsonHall, a renowned analyst firm, awarded Velocity Global a "Leader" in its services for Global Employer of Record.
Why you should choose Shield GEO?
Velocity Global acquired Shield GEO in the second growth transaction this year. Followed by the acquisition of iWorkGlobal in April, the combined company serves more than 1,000 brands and over 7,000 supported employees this year.
Papaya GlobalVisit Website
Papaya Global offers a cloud-based HR and payroll platform for managing a global workforce. The automated, cloud-based SaaS platform consolidates all workforce management activities under a single platform, offering an end-to-end solution, from onboarding to ongoing management and cross-border payments. Additionally, it gives real-time business analytics, eliminates errors, and connects with all current HRIS management solutions.
Compiling all employee data in one location, it creates a highly visible mechanism for monitoring payroll expenses. For the highest level of security, the platform ensures GDPR and SOC compliance.
It provides innovative global payroll services across 160 countries via in-country experts and global governance starting at $20 per employee per month. Its employer of record along with responsibility for payroll, workforce management, benefits, and compliance comes at $650 per employee per month, and contractor management and IC compliance at $25 per employee, per pay cycle.
Why you should use Papaya Global?
- 700+ companies that use the service
- 700+ Papaya team members
- 99% customer retention
- $3B total payroll under management
New HorizonsVisit Website
Horizons (formerly New Horizons Global Partners) eases international hiring and global payroll. It is a leading platform to engage remote employees and contractors in 150+ countries. It streamlines your payroll, compliance, and benefits administration over a single platform.
Employer of Record services starts from $290 per employee per month, while contractors' services start from $9 per contractor per month. It also provides some additional services like international employee insurance starting at $80 per month, and global mobility pricing which depends on certain factors.
Hire Freelancers Or ContractorsVisit Website
Contractors or Freelancers are self-employed personnel who is not legally employed as an employee but provides professional services autonomously based on a contract. They are not covered by employment laws rather ICA (Independent Contractor Agreements) are usually simple and short contracts that are legally compliant in some form or another in any country of the world.
A corporation will typically hire a remote contractor or a freelancer for the ease of immediately engaging someone to do extra work or to get an expert in a specific area for activities that cannot be handled by their personnel. They typically work around the needs of their clients, usually on a flexible schedule for short-term projects.
Why you should hire freelancers or contractors?
- No legal head for the company
- Labor cost reduction
- Get international talent
- Get highly skilled workers with specialization
- Convenient and flexible
In terms of international payroll and compliance, Deel leads the market globally. Deel is one of the first and only companies to unify Contractor Payments, Employer of Record services, and Payroll Management in one easy-to-use platform. With Deel, you can hire independent freelancers or full-time employees in over 150 countries legally and quickly.
Deel's has assisted thousands of businesses in drafting contracts that adhere to local laws, paying their international employees according to their preferred payment method and currency, and maintaining compliance in more than 150 nations, all with only a few clicks and a single powerful dashboard.
To hire an employee in another country, you usually need to open a local entity. This takes a long time, costs a lot of money, and creates ongoing admin as you navigate local benefits, payroll, taxes, and compliance. Your business can also get into some trouble if you don't properly comply with local laws. With Deel, onboard employees in another country without opening an entity, without the cost, time, and admin. It takes care of the entire employment process so you can focus on building your best business.
Deel owns entities in 80 countries and counting, so you can hire wherever you want. Hire employees in countries you don’t own entities for $599 per contract/month and contractors in 150+ countries for $49 per contract/month. If you are a VC-backed startup with less than $10 million in funding, get a discount on your first year.
Why you should use Deel?
- Presence in 150+ countries
- 8000+ customers
- 200+ legal experts
- 120+ currencies
- One place for contracts, expenses, and benefits
- Super easy setup with 24/7 support in 12 languages
Multiplier is a leading global employment platform that allows you to onboard, pay, and provide benefits across borders compliantly and stay connected with your global teams.
To assist businesses with overcoming the legal challenges of employing global talent, Multiplier helps organizations with their Employer of Record (EOR) to hire without the need to establish a corporate entity everywhere you intend to hire and employ. To streamline the process, it handles your employees' payroll, taxes, benefits, costs, and everything else related to employment by assuring your compliance with local labor and tax rules starting from $300 per employee per month for full-time employees and $40 per freelancer per month.
Similarly, in geographies where you have your entity, its Professional employer organization (PEO) solution can provide you with dependable assistance in onboarding and managing employee payroll, benefits, costs, and other HR services starting at $20 per employee per month. The company works with customers from across the globe today with its roots in the Asia Pacific region. Avoid the risks and penalties associated with worldwide work with Multiplier.
Why you should use Multiplier?
- 24*7 support
- Presence in 120+ countries
- 100+ legal experts
- 120+ currencies
- Facilitate the provision of ESOPs to the global team
- Get all the services required for global employment from a single platform
- Save time and effort
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