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Btw: Is there a way to legally employ or be imploded in a 100% location independent way? I mean, technically I can dream up some crypto stuff to do so. But do y

Btw: Is there a way to legally employ or be imploded in a 100% location independent way? I mean, technically I can dream up some crypto stuff to do so. But do you think it is possible to make it possible with regard to taxes, health insurance etc.?

bitL 4y ago
For US-based jobs one could work on W-8BEN form as a contractor from abroad responsible for their own taxes, health insurance etc. Of course that requires a freelancer/business entity at the place of residence/tax domicile.
edgefield 4y ago
I’m not an expert but my understanding is that the answer is “No.” For a company to employ someone legally in a country on a salary basis, the company and employee need to follow local tax and employment law. As you can imagine, these vary significantly from country to country. The only way around this to my knowledge is if the company sets up a legal operation in the country or hires via a third party “professional employment organization” (PEO). The company contracts with the PEO and the PEO hires the individual. The primary function of the PEO is to follows all of the local tax and employment laws. From my experience, PEOs increase employment cost by ~50% or more.
dewey 4y ago
Usually in cases like that where the company doesn't have a local entity you will be employed through a EoR (Employer of Record) like Remote, Deel and many others. Then you are not directly employed at the company but employed through another company which then grants you the benefits for the local country that were negotiated. The other alternative is a regular freelancer / contractor relationship.
orangepurple 4y ago
Every country on earth demands some form of payroll tax, social security tax, unemployment insurance in the form of self-employment tax, or a combination of the above. It is dependent on your "tax residence" which is a very complex topic you should research because governments WILL go after you for that cash.

bitL 4y ago

For US-based jobs one could work on W-8BEN form as a contractor from abroad responsible for their own taxes, health insurance etc. Of course that requires a freelancer/business entity at the place of residence/tax domicile.

edgefield 4y ago

I’m not an expert but my understanding is that the answer is “No.” For a company to employ someone legally in a country on a salary basis, the company and employee need to follow local tax and employment law. As you can imagine, these vary significantly from country to country. The only way around this to my knowledge is if the company sets up a legal operation in the country or hires via a third party “professional employment organization” (PEO). The company contracts with the PEO and the PEO hires the individual. The primary function of the PEO is to follows all of the local tax and employment laws. From my experience, PEOs increase employment cost by ~50% or more.

dewey 4y ago

Usually in cases like that where the company doesn't have a local entity you will be employed through a EoR (Employer of Record) like Remote, Deel and many others. Then you are not directly employed at the company but employed through another company which then grants you the benefits for the local country that were negotiated. The other alternative is a regular freelancer / contractor relationship.

orangepurple 4y ago

Every country on earth demands some form of payroll tax, social security tax, unemployment insurance in the form of self-employment tax, or a combination of the above. It is dependent on your "tax residence" which is a very complex topic you should research because governments WILL go after you for that cash.