Benin is a small West African country largely focused on subsistence farming. With borders by Niger, Burkina Faso, Nigeria, Togo, and the Atlantic Ocean, it's a great access point to other countries....
Read MoreBenin is a small West African country largely focused on subsistence farming. With borders by Niger, Burkina Faso, Nigeria, Togo, and the Atlantic Ocean, it's a great access point to other countries. If you're considering an expansion to Benin, you may be wondering how you'll set up your payroll, hire employees, and more.
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Benin is a small West African country largely focused on subsistence farming. With borders by Niger, Burkina Faso, Nigeria, Togo, and the Atlantic Ocean, it’s a great access point to other countries. If you’re considering an expansion to Benin, you may be wondering how you’ll set up your payroll, hire employees, and more.
Globalization Partners can answer these questions and more through our suite of global expansion services. When you choose Benin payroll outsourcing with us, you’ll get to use our compliant payroll. As the Employer of Record, we’ll also shoulder all the risk, so you can focus on building a global company.
Following Benin’s taxation rules and regulations is extremely important to staying compliant. Employees in Benin need to contribute 3.6% of their salary to social security, while employers contribute 15.4%. Employers have additional tax obligations as well, including:
Failing to comply with any tax regulations could result in fines or delays to beginning operations.
Instead of having only one Benin payroll option, your company can choose from several, including:
You cannot set up your Benin payroll until you have a registered, incorporated entity in the country from which you run your company. It can take months to incorporate, however, and during that time you’ll lose employees you wanted to hire and business relationships you wanted to form. Instead, you can use our established Benin PEO and payroll to work faster.
One of the most challenging aspects of a global expansion is figuring out a country’s unique entitlement and termination terms. Adding these requirements to an employment contract can help you stay compliant. You can hire employees using a probationary period of up to three months and terminate a worker for a variety of reasons. Employees should get severance pay based on how long they worked for your company.
Globalization Partners will help you make your expansion successful through Benin payroll outsourcing and our other global expansion services. Contact us today to learn more.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
