4 ms·
I don't believe this is a bad deal. Hiring a full time remote in another country would probably carry complex legal requirements in the United States (they bas
by rosspackard 11y ago
I don't believe this is a bad deal. Hiring a full time remote in another country would probably carry complex legal requirements in the United States (they basically are saying they have a foreign office in your country). This would significantly raise their cost. Then on top of that they would have to follow all regulations for operating their business in your country and all employee/employer regulations which requires even more legal knowledge. (BTW the W8BEN I don't think is valid for fulltime employees because the employer would be specifying how and when you work)
Maintaining all of that for a company in the US is a huge time and money cost. On top of that, maybe operating a foreign office would raise their taxes significantly.
Overall its not a bad deal just because of this. Just make sure that you factor in the cost of any benefits and if you get taxes are worse for being a contractor (though you may be taxed less if you are able to write things off like in the US).
- firsttimeremote 11y agoThanks for your response. Just to be clear, they are not asking to open their subsidiary in my country on their behalf. They are asking me to set up a company on my own name and invoice through it. One time setup cost is also expected to be borne by me. Good point about W8BEN, thanks.
- rosspackard 11y agoI am not saying they are asking to open a subsidiary. I am referring to the fact that if you were a full time employee (instead of an independent company) then they now have a fulltime employee working in a different country which under US law would mean they are operating a foreign office in your country.