Belarus is a small country in eastern Europe. It's a great place for companies to expand, especially if they're looking for a location with ties to eastern Europe. But your expansion isn't...
Read MoreBelarus is a small country in eastern Europe. It's a great place for companies to expand, especially if they're looking for a location with ties to eastern Europe. But your expansion isn't as easy as finding an office space and getting to work. You have to examine your Belarus payroll options, set up your payroll, and worry about compliance each step of the way.
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Belarus is a small country in eastern Europe. It’s a great place for companies to expand, especially if they’re looking for a location with ties to eastern Europe. But your expansion isn’t as easy as finding an office space and getting to work. You have to examine your Belarus payroll options, set up your payroll, and worry about compliance each step of the way.
That’s not the case with Globalization Partners. We’re a global PEO and experts in Belarus’ employment compliance laws. Our goal is to help companies like yours expand across borders without having to worry about compliance, payroll, hiring, and similar factors.
Belarus’ social security system covers sickness, maternity benefits, family allowances, funeral grants, and unemployment benefits. Employers must contribute 6% to this system, which covers all employees. Belarus also requires employers to contribute anywhere from 0.3-0.9% of their payroll for Workers Injury benefits, plus 28% of payroll for disability, old age, and survivor pension.
Once you choose Belarus as the site of your expansion, you need to decide on one of four Belarus payroll options:
If you plan to set up a subsidiary in Belarus, you must incorporate before choosing a Belarus payroll option. Unfortunately, the subsidiary setup process can take weeks or months, depending on a variety of factors. By the time you incorporate and get around to setting up your Belarus payroll, the employees you wanted to hire may have moved on, and you may fall behind on your timeline.
Globalization Partners will help change the process by granting you the opportunity to work faster. We’ll use our existing subsidiary to help you start working in a few days instead of a few months. You can jump right into working, and you won’t have to worry about staying compliant.
Employers can benefit from writing clear entitlement and termination terms in an employment contract before setting up a Belarus payroll. The country allows probationary periods up to three months. If terminated under specific circumstances, your employees are entitled to three months of severance pay.
Globalization Partners offers Belarus payroll outsourcing services you can trust. Contact us today to learn more.
THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
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