Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
Expanding your business to a foreign country can open up exciting new opportunities. But international expansions can be complicated and cumbersome if you have to navigate each complex legal and administrative process yourself. However, an Employer of Record in Trinidad & Tobago can simplify your entry into the country and cut out costly delays or risks.
An Employer of Record (EOR) in Trinidad & Tobago handles your every legal and administrative task for you, including hiring local employees, transferring foreign workers into the country, paying employees in the local currency, and complying with tax and labor laws.
EORs eliminate the need to establish a branch office or subsidiary in Trinidad & Tobago. EOR services also provide a streamlined approach that saves you time and capital, allowing you to focus on core business operations driving growth.
The tax and labor laws in Trinidad & Tobago can be especially difficult to understand for foreign companies. Still, an experienced EOR like INS Global ensures your business complies with all local laws and regulations.
Establishing a subsidiary is costly and time-consuming in Trinidad & Tobago. EOR solutions, however, enable you to hire globally and pay employees locally without needing a separate legal entity.
This efficient and cost-effective solution speeds up your expansion timeline so you can expand in days rather than months.
Concentrate on the primary aspects of your business, such as product development, marketing, and sales, by outsourcing all HR administration and compliance duties to an EOR expert.
Operating in Trinidad & Tobago is risky since you must comply with numerous foreign tax and regulatory laws. However, an EOR with a deep understanding of Trinidadian & Tobagonian regulations ensures your business remains compliant, thus safeguarding your funds and reputation.
Leverage our vast experience in Trinidad & Tobago and 100+ other countries to facilitate and connect your global expansion efforts worldwide. Easily integrate HR outsourcing and compliance assurance into a range of support services like payroll and contract management.
EOR solutions have several advantages over company incorporation in Trinidad & Tobago. For example, international companies can bypass the complexities and costs of incorporating a subsidiary by using an EOR.
So incorporating a company abroad may give you 100% control, but it accompanies recurring administrative and compliance burdens. These duties can detract attention from your expansion objectives.
Furthermore, an experienced EOR with in-depth knowledge of Trinidad & Tobago’s labor laws and regulations helps mitigate compliance risks.
Hence, EOR services in Trinidad & Tobago offer the flexibility and dynamism for:
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
You can engage an EOR in Trinidad & Tobago in 4 simple steps:
An EOR and Professional Employer Organization (PEO) in Trinidad & Tobago offer employment-related services but at a different scope.
For example, a PEO acts as a co-employer, sharing specific employer responsibilities with your company, while an EOR assumes full legal responsibility for all HR and employment-related matters.
Your specific business needs may determine the ideal solution for you. However, an EOR offers comprehensive support and flexibility for international companies seeking to expand into Trinidad & Tobago.
Employers in Trinidad & Tobago must provide a written offer of employment to the employee outlining the terms and conditions of the job. This offer can include details such as the position, salary, working hours, leave entitlements, and any other relevant terms.
Such contracts must specify the terms and conditions of employment, including the nature of employment (e.g., permanent, temporary, part-time), work hours, wages or salary, overtime provisions, probationary period (if applicable), and any other terms agreed upon between the employer and employee.
These are some common types of labor contracts in Trinidad and Tobago:
No specific legislation governs the termination of employment in Trinidad and Tobago, but common law principles may be applied. For example, termination must be based on just cause, including poor performance, expiration of an employment contract, or mutual agreement.
Before termination, employers in Trinidad & Tobago are required to provide written notice to the employee at least 1 month in advance.
Severance pay in Trinidad & Tobago is as outlined below:
The recommended work duration in Trinidad & Tobago is 8 hours daily and 40 hours weekly. Also, employees are entitled to a meal break during work hours if their shift exceeds a specified duration.
Trinidadian & Tobagonian employees who work more than 8 hours have the right to receive additional compensation at an hourly rate. Work on public holidays attracts a 200% pay rate.
The national minimum wage in Trinidad & Tobago is TTD 17.50 (Trinidad & Tobago dollar).
Employees in Trinidad & Tobago are eligible for paid leave on the country’s 13 nationally recognized public holidays:
Vacation leave is not mandated by statutory provisions in Trinidad and Tobago. However, government employees are entitled to specific benefits. Vacation days for private sector employees are determined through employment contracts or collective bargaining agreements (CBAs).
Sick leave duration in Trinidad & Tobago’s private sector can vary, as it is usually determined by the employer’s policies and practices.
Employees who have worked for the same organization for a minimum of 1 year (12 months) are eligible for maternity leave. In Trinidad and Tobago, maternity leave is 13 weeks, 6 weeks before giving birth, and 7 weeks after.
Employees on maternity leave will receive full pay for 1 month and half pay for the subsequent 2 months.
The social security tax in Trinidad & Tobago is called “National Insurance.” These contributions are deducted at varying rates. The maximum rate is TTD 414.30 per week for a monthly income over TTD 13,600. Employers pay TTD 276.20, while employees pay TTD 138.10.
Individual taxpayers in Trinidad & Tobago must pay a health surcharge of TTD 8.25 per week for monthly income over TTD 470.
Income tax for individuals with chargeable income less than 1 million Trinidad & Tobago dollars (TTD) is 25%. For income over 1 million TTD, the 30% tax rate applies.
VAT applies to several goods and services in Trinidad & Tobago at a standard 12.5% rate.
The standard corporation tax rate is 30%, but this figure varies for certain classes of companies.
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No, it is necessary to use a local entity abroad to comply with each country labor law.
Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.
The employer of record is the legal entity liable for the staff employed in a specific country. In practice, a foreign company can either open a subsidiary to become the employer of record of its abroad employees or use a PEO to act as the employer of record.
In general, 1-month is necessary to have an employee based out abroad using an existing PEO as the employe of record. When incorporating a new subsidiary to be the employer of record, the delay varies from 4-12 months.
The price of professional EOR services in Trinidad & Tobago is a percentage of the worker’s monthly compensation. This price includes all HR-related tasks for ensuring compliance with local employment laws.
Absolutely. An EOR in Trinidad & Tobago is a safe, legitimate, and efficient way to handle employer responsibilities without establishing a corporate structure.
An EOR service agreement in Trinidad & Tobago ensures your team members are paid on time and accurately each month. In addition, employees can access all employee benefits and be protected by the law.
Independent contractors who interact with clients using an EOR in Trinidad & Tobago will retain full control of their work and may get the same benefits as regular employees.
Yes. Our team of recruitment consultants experts can find the best local talent in Trinidad & Tobago for your needs.
Yes. An EOR can tap into its online or offline pool of professional networks to help you find and hire workers in various cities or regions in Trinidad & Tobago.
EORs handle headhunting, interviews, and candidate selection in specific cities or regions in Trinidad & Tobago, depending on your needs or preference.
You can employ any number of employees. Unlike some PEO or EOR service providers, INS Global has no minimum or maximum hiring limit.
We know flexibility is important when implementing a business strategy in Trinidad & Tobago, so you can scale up or down quickly at any time.
A PEO in Trinidad & Tobago eliminates the need for a local business address. However, it is a good idea for employees to work in a shared workspace whenever convenient.
e can manage the necessary visa and work permit processes for foreigners in Trinidad & Tobago. Also, we can handle situations where the local employment laws, tax laws, or employee benefits differ for Trinidadians & Tobagonians and foreigners.
The legal expertise of PEO and EOR services helps SMEs and multinational corporations avoid cost-scaling difficulties during an international expansion.
You can use staffing firms and umbrella corporations for hiring independent freelancers in Trinidad & Tobago.
The cost of hiring in Trinidad & Tobago should factor in expenses like salary, recruiting service fees, signing bonuses, and social security contribution payments.
Employers in Trinidad & Tobago manage payroll for all workers and are responsible for withholding amounts corresponding to employees‘ income tax and social security contributions.
The national minimum wage in Trinidad & Tobago is TTD 17.50 (Trinidad & Tobago dollar).
These are the common visa types for employees in Trinidad and Tobago:
In Trinidad & Tobago, employers organize and withhold employees‘ income tax payments and social security fund contributions every month.
Employees in Trinidad & Tobago are entitled to public holidays, severance pay, paid leave (sick, annual, and parental leave), and health insurance.
Trinidad & Tobago does not permit unilateral changes to an employee‘s contract. Rather, both parties must agree upon and sign such changes.
The Ministry of Labour and Small Enterprise Development regulates and enforces labor regulations in Trinidad and Tobago.
Employers in Trinidad & Tobago wishing to terminate an employee‘s contract must notify the employee in advance and then make severance payments.
Labor regulations in Trinidad & Tobago are regulated and enforced by the Ministry of Labour and Small Enterprise Development.
Employees in Trinidad & Tobago are eligible for paid leave on the country‘s 13 nationally recognized public holidays.
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