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Labor Laws Archives New Horizons Global Partners

Details: Labor Laws. Terminating or Dismissing Employees in Different Countries. A central concept in United States employment law is that employment is ‘at will’. This means that, in…. Read More. Labor Laws. Quick Guide to Parental Leave in Asia. For centuries, trade unions throughout the world have pushed for paid and unpaid maternity leave, as

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Foreign Direct Investment in China

Details: The new Foreign Direct Investment in China consists of 42 articles, a drastic reduction in the 170 articles that these three laws comprised. The new law is called the “Foreign Investment Law.”. Companies that were incorporated under the previous laws will have five years from the implementation of the new regulations to adapt to the new rules.

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Terminating or Dismissing Employees in Different Countries

Details: Breaching the laws related to employee termination presents a serious risk for any business in its international expansion. It presents compliance risks (including significant financial penalties from regulators), potential reputational risks (i.e., making it more difficult to recruit top talent in that country), as well as the risk of being

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Maintain Global Compliance

Details: Our end-to-end expansion solutions offer a fast mechanism for global expansion, in full compliance with local laws. We draft employment contracts, administer benefits and payroll taxes, and provide ongoing HR support in line with employment laws and regulations in your country of expansion.

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China Sick Leave New Overview of Laws & Standard Practices

Details: China’s labor law, approved by the Standing Committee of the National People’s Congress, came into force in 1995 (a good 40 years after most countries’ labor law frameworks).Since then, workers’ benefits have been increasing steadily, including the …

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What is a Data Protection Plan

Details: Developing a data protection plan is a crucial part of compliance with data protection laws and regulations. For businesses in the European Union, or doing business with customers based there this means complying with the General Data Protection Regulation (GDPR).

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What is Global Compliance and Why Does it Matter

Details: Global compliance means ensuring that you comply with all the international laws and rules, as well as the local laws and rules, in every country in which you operate. As cross-border business and trade increases, so does the quantity and complexity of global compliance obligations. Alongside design, management, and governance processes, the

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What is a PEO & How It Works

Details: The laws relating to the winding down of a business are complex and can result in a lengthy and expensive exit from a foreign market. Failure to properly wind down a foreign business may result in the ongoing accumulation of tax liability, even for a non-operating business.

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Should You Switch from a Local Legal Entity to a Global PEO

Details: In order to enter into contracts on behalf of your company which can be settled under the laws of the target country; Simplifying your tax obligations and arrangements; Uncertainty about what other options may be available. Sometimes setting up a new legal entity feels like the most obvious way of expanding into a new country.

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Employee Termination and Severance Pay in China

Details: A worker who finds himself in other circumstances stipulated in laws or administrative statutes. Dismissal based on trade union activities is prohibited. Termination due to ethnic origins, race, sex, and religious belief and disability is not listed as unlawful grounds for dismissal in the ECL.

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Global PEO & Employer of Record #1 International PEO

Details: Companies need to stay abreast of any changes to local payroll, benefits, and tax laws. Failing to comply with the necessary employment laws can lead to significant fines and additional penalties. When a company engages the services of a Global PEO, many of …

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8 PEO Benefits Expand Quickly With Full Compliance

Details: The PEO will be responsible for complying with all employee protection laws and guidelines. 4) Compliance A ssurance Another significant advantage of using a PEO is having knowledgeable local experts on your team. Employment laws often change, and it is important that you understand those changes in the countries where your company does business.

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What is Employee Misclassification

Details: At the same time, it means that a client business has outsourced the risk of non-compliance with tax and employment laws as they are not the employer (note, under a co-employment model, there can still be some residual liability for the client company).

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China Profit Repatriation: Methods and Requirements

Details: The laws and regulations in China relating to foreign exchange are stringent. The government closely regulates the flow of funds in and out of the country. There are several restrictions under Chinese company law, tax laws, and transfer pricing norms on profit repatriation.

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Hiring Chinese Employees

Details: Mar 15, 2021. Category China. Hiring employees in China can be a complex process, especially if you do not have an existing Chinese company and legal structure. China’s strict laws encourage foreign companies that want to hire Chinese employees to form a company in the country.

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China Residence Permits for Employees

Details: When hiring employees in China, it is important that you understand the immigration and labor laws related to this action. Additionally, many foreign companies want their China employees to come from their headquarters or existing business structure and help the local team.

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Understanding China Labour & Employment Law

Details: China Laws on Employment Contract. Article 1 of the 1995 China labor law protects the legal interests and rights of laborers and employers, shapes the appropriate labor relationships, and establishes and safeguards China’s labor system, among others.

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Bosnia and Herzegovina PEO & Employer of Record (EOR)

Details: Tax laws in Bosnia and Herzegovina. Social security contributions vary depending on the local authority. In FiBH, employees must pay 31% of salary and employers contribute 10.5%. In RS, employees contribute 33% and employers contribute 10.5%. Income tax in Bosnia and Herzegovina is 10% for the majority of employees across all entities.

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What is Equal Employment Opportunity (EEO)

Details: Most countries around the world have laws and rules requiring organizations to treat employees and potential employees fairly and without discrimination.In other words, respect in the workplace is enforced by law. This is commonly described as providing ‘equal employment opportunity’ (‘EEO’). In this article, we look at how EEO is defined within the law and what this means for

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USA PEO & Employer of Record Expand Without an Entity

Details: The US varies from most countries in its laws around terminations and severance rights. Most states adhere to the concept of ‘at-will employment’, meaning that employees can be terminated at any time and for almost any reason (besides things like race, gender, or religion).

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What is Permanent Establishment and Why Does it Matter

Details: Ultimately, it is a factual matter whether any individual business operation in a country will constitute a permanent establishment. Keep in mind also, that this may differ depending on the individual tax laws of that country. Some options to consider include:

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Indonesia PEO & Employer of Record Expand Without an Entity

Details: New Horizons ensures day-to-day guidance to help your business navigate Indonesia’s labor laws and regulations. We also provide mandatory monthly payroll requirements, and absorb all local employment liabilities. Partnering with our Indonesia PEO is the quickest and most cost-effective way to enter the Indonesian market.

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How to Hire Foreigners in China – A Complete Guide

Details: These laws allow for numerous legal pitfalls and vary considerably from the laws applied to domestic employees. Besides the foregoing considerations, conditions, complications, and requirements that come with hiring a foreigner in China, there are …

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United States Payroll Outsourcing USA Payroll Tax Solutions

Details: If you have already set up a legal entity within the US, we can take all the complex payroll administration off your hands, helping you employ locally in accordance with local employment laws, managing HR, contracts, and handle any associated administration.

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A Guide to Spain's Remote Working Law [5 Key Elements]

Details: A key element of Spain’s remote working law is the requirement for employer and employee to sign a ‘ remote working agreement ‘, setting out how remote work will proceed. 4. The remote working law provides a mechanism for employees to get compensated for the cost of working from home or another remote workspace. 5.

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What is Co-Employment [How to Avoid Co-Employment Risks]

Details: Usually, this type of co-employment arises via a client service agreement in which the PEO agrees to become the co-employer or employer of record for its client. In such an arrangement, both the company and the PEO hire the employees. The company manages performance, targets, and control over employee roles. On the other hand, the PEO handles

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Doing Business in Saudi Arabia: What Are the Challenges

Details: Lack of Cultural Awareness. Before attempting to expand your business to Saudi Arabia or hiring staff in Saudi Arabia, it is important that you have a strong understanding of the local culture.. Saudi Arabia has a rich Muslim heritage and its religion plays a central part in its culture. Islamic law is the governing law of the nation.

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China's Social Security System Explained [Complete Guide]

Details: The national security fund in China is comprised of multiple parts that go toward funding different aspects of the social security system. Foreign companies that want to do business in China must conform to a number of important laws, including those that involve China’s Social Security.. Requirements of Foreign Companies

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Contractor Management Outsourcing (CMO) [Expert Guide]

Details: Employment and labor laws around unfair dismissal, termination and redundancy do not apply to independent contractors. With independent contractors, the legal relationship is governed purely by contract law and whatever the two parties agree to. This makes it easy for businesses to engage or disengage individuals as the circumstances require.

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China Minimum Wage l Key Rules & Regulations in 2021

Details: Understanding Regional Variations in China’s Minimum Wage Laws China is known for its wide economic disparity across its vast nation. It is one of the countries with the largest disparity of income. The highest minimum wages in China are in the Guangdong, Jiangsu and Zhejiang provinces, which all have a monthly minimum wage of 2,000 RMB or above.

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How to Protect Intellectual Property Rights in China

Details: The most important intellectual property laws in China are discussed below. If you would like more information on these laws, recent updates regarding intellectual property regulations, the regulatory structure, registration requirements or any other matter concerning your IP rights, New Horizons Global Partners can provide strategic consulting

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Compliance Archives New Horizons Global Partners

Details: Compliance. Home » Compliance. This blog category covers international compliance. Here we discuss the key laws, regulations and rules that apply to any organization expanding internationally. This includes, for example, anti-corruption laws, payment regulations and financial reporting standards.

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What You Need to Know About Moving Money In and Out of …

Details: Move Money In and Out of China -Rules and Restrictions. There are a variety of restrictions regarding the amount of money you can bring into the country, as well as how much you can take out of it. Generally, travelers can take the equivalent of $5,000 US of foreign currency out of the country. They can take local currency of 20,000 RMB in or

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What is an Umbrella Company

Details: Due to various laws, and the tax compliance approach of Her Majesty’s Revenue & Customs (HRMC), independent contracting arrangements, of any form, are risky. If the HRMC suspects that a case of ‘employee misclassification’, they will readily crackdown on non-compliant companies.

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What are International Financial Reporting Standards [IFRS]

Details: What is the Definition of the International Financial Reporting Standards (IFRS)? The IFRS are a set of accounting standards, rules and principles for the presentation of financial statements, which are issued by the International Accounting Standards Board (IASB). They can be distinguished from the ‘International Accounting Standards’ (IAS), which are the standards that were issued by the

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Japan PEO & Employer of Record Expand Without an Entity

Details: Japan’s compensation laws vary by cities and regions. As an example, Tokyo’s minimum wage is the highest in the country – 958 Yen. In Japan, employees are paid monthly, as …

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What You Need to Know about the China 5-Years Tax Rule

Details: However, employers and employees alike must be aware of important laws that may impact them to avoid surprises. One important rule you need to have a thorough understanding of is the China 5 years tax rule.This rule can have a significant impact on …

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Germany PEO & Employer of Record Hire Without an Entity

Details: Tax laws in Germany Income tax in Germany is progressive, and ranges from 0% to 45% based on income level. The corporate tax rate is 15%, but additional charges such as a solidarity surcharge and trade tax make the total level of contribution around 30%.

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What is Labor Dispatch in China and How Does it Work

Details: NH Global Partners is committed to keeping constantly up to date with new regulations and to make sure that our clients use labor dispatch in China in compliance with local laws. You may want to contact us to receive detailed information on how your company can benefit from labour dispatch in …

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Macau PEO & EOR Expand in Macau Without an Entity

Details: New Horizons ensures day-to-day guidance to help your business navigate Macau’s labor laws and regulations. We also provide mandatory monthly payroll requirements, and absorb all local employment liabilities. Partnering with our Macau PEO is the quickest and most cost-effective way to enter the Macau …

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China Officials Pass New Foreign Investment Law

Details: Purpose of the Foreign Investment New Law. According to governmental officials, the new law is part of the nation’s fundamental state policy to attract foreign investment and make China open to the rest of the world.They say that it was designed to attract foreign investment and protect it through the passage of laws.

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Canada PEO & Employer of Record Expand Without an Entity

Details: Taxation in Canada is complex and it is another area where both federal and provincial laws apply. Canada operates a progressive tax model, with higher earners paying a significantly higher proportion of their income in income tax. There is a federal rate, which varies from 0% to 33% as of 2020, which includes a portion for pension plans and

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Understanding Employment Probation Periods in China

Details: Foreign businesses that wish to hire employees in China must jump through many hurdles, including making employment contracts that are recognized under China’s stringent labor laws. Most employment relationships are based on a formal contract between the employer and the employee.

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FESCO China What is the Role of a China FESCO Provider

Details: These laws were also passed to incentive spending in the country. This has resulted in many individuals having a lower individual income tax rate. However, the current tax system is not as generous with foreign companies or employees with higher incomes. For this group of people, the individual income tax may remain the same.

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Understanding Maternity and Marriage Leave in China

Details: China’s mandatory paternity leave is 14 days. In Shanghai, in accordance with the Shanghai Population and Family Planning Regulations which were approved in 2016, a male employee has the right to “a ten-day paternity leave in the case of late childbirth”. In Shenzhen, fathers have the right to a 15-day paternity leave if the mother is 23

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