Bubty’s Post

In today's global market, managing a diverse workforce across borders is challenging. Organizations must comply with a specific country's unique labor and tax laws 🌍 ✔️ With 146,400 multinational enterprise groups employing 47 million people in the EU and EFTA alone and 20% being freelancers, the risks of noncompliance are significant. Findings of noncompliance can be costly. Not only are back taxes, benefits, fines, and penalties at stake but also the risk of reputational damage to your company's brand. Therefore, many companies are turning to Agents of Record (AOR) to ensure compliance and effectively manage the complexities of global talent engagement. With that being said, let's explore how an AOR can protect your operations and support your global expansion. Dive into the details on my latest blog (link in comments)👇 #AgentofRecord #AOR #bubtyservices

In today's global market, managing a diverse workforce across borders is challenging 🌍 Organizations must comply with a specific country's unique labor and tax laws ✔️ With 146,400 multinational enterprise groups employing 47 million people in the EU and EFTA alone and 20% being freelancers, the risks of noncompliance are significant. Findings of noncompliance can be costly. Not only are back taxes, benefits, fines, and penalties at stake but also the risk of reputational damage to your company's brand. Therefore, many companies are turning to Agents of Record (AOR) to ensure compliance and effectively manage the complexities of global talent engagement. With that being said, let's explore how an AOR can protect your operations and support your global expansion. Dive into the details on our latest blog (link in comments)🚀 #AgentofRecord #AOR #bubtyservices

UAE ESR Update - Cabinet Resolution No. 57 of 2020 What's New? The update confirms that the ESR is applicable for financial years from 01 January 2019, to 31 December 2022. This implies that businesses operating in the UAE need to ensure ESR compliance during this period. Key Update on Penalties: The authorities will assess the refunds for administrative penalties paid for financial years post 31 December 2022. This is a critical development for businesses, as it opens up the possibility for refunds on penalties paid beyond the applicable financial years. Need Help? A&M Tax is here to support you. If you need assistance in understanding these changes or require help in ensuring compliance, don't hesitate to reach out. We're committed to helping you navigate these regulations effectively. #ESR #Economicsubstnace #Amon #UAE

🚨 Important Update for Foreign Companies 🚨 The Ministry of Corporate Affairs (MCA) has issued the Companies (Registration of Foreign Companies) Amendment Rules, 2024, effective from 9th September 2024. These amendments bring crucial changes to the registration process for foreign companies under the Companies Act, 2013. Key Highlights: The term "Registrar" has been updated to "Registrar, Central Registration Centre" in Rule 3(3). Foreign companies must now deliver their registration documents in Form FC-1 to the Registrar, Central Registration Centre, as per the newly inserted proviso in Rule 8(1). These changes aim to streamline the registration process and ensure consistency in handling foreign company registrations. Stay compliant and informed! 🏢📜 #CorporateLaw #MCAUpdates #CompaniesAct2013 #ForeignCompanies #CorporateCompliance #CompanySecretary #CorporateGovernance #BusinessRegistration #LegalUpdates

UAE ESR Update - Cabinet Resolution No. 57 of 2020 What's New? The update confirms that the ESR is applicable for financial years from 01 January 2019, to 31 December 2022. This implies that businesses operating in the UAE need to ensure ESR compliance during this period. Key Update on Penalties: The authorities will assess the refunds for administrative penalties paid for financial years post 31 December 2022. This is a critical development for businesses, as it opens up the possibility for refunds on penalties paid beyond the applicable financial years. Need Help? A&M Tax is here to support you. If you need assistance in understanding these changes or require help in ensuring compliance, don't hesitate to reach out. We're committed to helping you navigate these regulations effectively. #ESR #Economicsubstnace #Amon #UAE

Good news 👏 ESR will not be required starting FY 2023 onwards. ESR regulations was required in order for companies engaged in certain "relevant activities" to demonstrate a genuine economic presence in the UAE, with adequate employees expenditure, and physical assets However, due to introduction of Corporate Tax Law in UAE and other regulatory requirement of CbCR, CT return submission including foreign source incomes. ESR will not be required anymore. The English version for the relevant CD is awaited #UAE_WES_WMOF

You're a 1 minute read away from learning how global companies tap into talent living in Canada without getting tangled in legal red tape. See our ultimate guide to #employerofrecord services. #eor #eorservices #hireanywhere https://lnkd.in/gimp4cy3

🌍🌟 Expand Globally with Ease: The Power of Atlas - Employer of Record (EOR)! 🌟🌍 Thinking about taking your business global? Atlas (EOR) might be just what you need! Here’s how Atlas can revolutionize your global expansion: 1️⃣ Cost Savings: Skip the hefty expenses of setting up foreign entities. Atlas manages employment, payroll, and benefits, helping you save significantly. 2️⃣ Compliance Guaranteed: Navigating international labor laws can be daunting. Atlas ensures you adhere to local regulations, minimizing legal risks and penalties. 3️⃣ Fast Market Entry: Launch in new markets quickly and efficiently. Atlas handles the complexities, so you can focus on growth and innovation. Ready to expand your horizons? Let Atlas guide your global journey! 🌏💼 #GlobalExpansion #EmployerOfRecord #BusinessGrowth #Compliance #CostSavings

The landscape of independent contractor (IC) engagement is evolving, particularly as businesses seek to expand their global workforce. With an increasing reliance on specialized talent and the rise of global Agent of Record (AOR) services, ensuring compliance across various jurisdictions has never been more critical and navigating this complex terrain requires an expert grasp of local business regulations, tax laws, and contractual requirements. Learn more: https://hubs.ly/Q02T4H3h0 Innovative Employee Solutions #IES #IndependentContractors #Global #IC #AOR #AgentofRecord #compliance #GlobalAOR #globalization #ICcompliance #GlobalWorkforce

The landscape of independent contractor (IC) engagement is evolving, particularly as businesses seek to expand their global workforce. With an increasing reliance on specialized talent and the rise of global Agent of Record (AOR) services, ensuring compliance across various jurisdictions has never been more critical and navigating this complex terrain requires an expert grasp of local business regulations, tax laws, and contractual requirements. Learn more: https://hubs.ly/Q02T4Nm20 Innovative Employee Solutions #IES #IndependentContractors #Global #IC #AOR #AgentofRecord #compliance #GlobalAOR #globalization #ICcompliance #GlobalWorkforce