Question 1

What is a (EOR) Employer of Record?

Accepted Answer

EORs enable companies to legally work with employees from foreign countries without setting up a legal entity. The first step in expanding your business frontiers.

Question 2

How will my my employees be onboarded?

Accepted Answer

Forget about bots, your employee will be assigned a concierge that will give them one on one assistance and take care of their onboarding process, where they will provide their personal details and all of the required documentation to sign their new employment contract.

Question 3

How does Ontop handle taxes?

Accepted Answer

We take into account the laws and regulations of each of the countries we operate in when it comes to taxes, social security contributions, health insurance, unemployment insurance, annual leave, and other mandatory benefits.

Question 4

Can I give my employees equity?

Accepted Answer

Yes, in most cases, but it depends on the country. In the US, companies can issue non-qualified stock options, also known as NSOs. If the company does not have a direct employment(on paper) with the employee, NSOs are the only viable option.

Question 5

What perks and benefits do my employees get?

Accepted Answer

Yes, in most of the cases, but it depends on the country. In The U.S. companies can issue a non-qualified stock options, also known as NSO. The company doesn’t have a direct employment relationship (on paper) with the employee, NSO is the only viable option.

Question 6

In which countries Ontop supports EOR?

Accepted Answer

We are expanding! Currently, we support our EOR services in all of the Americas. Soon we will be in Europe, Asia, and Africa.

Question 7

When to hire an Employer of Record?

Accepted Answer

If you want to hire an employee in a country where you don’t have a legal entity or if you want to expand into new countries quickly and you don’t have in-house expertise in local employment law to ensure compliance, EOR is your best option.