PEO & Employer Of Record Ireland
Infotree Global is engaged in providing Employer of Record solutions for clients looking for hiring in Ireland. It assists clients to run payroll in Ireland without setting up a branch office. Your candidates are recruited via Infotree Global’s Ireland Employer of Record adhering to the local labor laws. It means you can hire workers and have them onboard quickly and smoothly. With our dedicated in-territory expert support, you can be assured of hiring in a new country like Ireland for your global business operations without facing legal hassles.
Table of Contents
• Hiring Considerations in Ireland
• Setting up Payroll in Ireland
• Payroll and Tax in Ireland
• Employee Entitlements
• Challenges When Expanding Into Ireland
• Ireland Employment Compliance
• Ireland Visas and Work Permits
• Benefits of Ireland Hiring Outsourcing
• Why Infotree Global Solutions?
Hiring Considerations in Ireland
For a foreign company recruiting talented employees is a crucial part of establishing a business in Ireland. It is important to learn about employment compliance laws in the country. Managing your employees in Ireland can cause pain if you are not aware of the Irish employment law. For every organization looking for business expansion in Ireland, it becomes necessary to get familiar with the legal formalities including hiring and onboarding employees. Getting through the complexities of country laws is vital and hence, you should make sure to adhere to them.
Whether it is local national hiring or foreign hiring, it is recommended to take the help of an Employer of Record which helps you get a customized proposal that matches your specifications. Then your company can expect employees to work within days of paperwork.
Setting up Payroll in Ireland
Employment law in Ireland is comprehensive, many companies use employment contracts specifying all the terms governed by the law. The terms are usually consented ahead of time with the EOR Company to formalize the employment. Probationary periods are common in Ireland and usually take six months, from the employment start date. It is vital to understand a few exceptions to the national minimum, including workers having less than two years of employment. Employer of Record Ireland services helps you set up a payroll that complies with the laws and employment benefits of the country.
Payroll and Tax in Ireland
When it comes to payroll, the Government of any country makes sure to give more benefits to its residents than the immigrants. The same is the scenario in Dublin and Ireland when it comes to employment labor law. Employers must inform employees of personal retirement savings account (PRSA) schemes or pension arrangements by the company. Both parties’ social insurance contributions are transferred into the Social Insurance Fund, known as PRSI. The PSRI charges also cover workers for different Social Welfare Benefits including State Old Age Pension and Medical Benefits. Employees must pay PAYE which means pay as you earn tax depending on their income and allowances. Besides, workers must pay progressive income tax while working in Ireland.
Both employee and employer contribute to Ireland’s Social Insurance Fund (PRSI). The employer contributes 8.5% on any income up to €356 per week. If income exceeds €356 per week contribution stands at 10.75%. For companies doing business in Ireland, the standard company (corporation) tax currently stands at 12.5% for trading income and 25% of non-trading income.
Ireland Tax Rate Chart:
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If you are looking for taking your business to a foreign country like Ireland, it is important to have detailed attention to compliance with employment laws. Employer of Record Services lets you focus on relevant labor laws as per your business operations in different aspects of employment like working hours, compensation, employee benefits, and so on. The standard Irish workday includes general working hours from 9 am until 5:30 pm with at least a half-hour lunch break. The average working week is 40 hours can be extended up to 48 hours. Employers must provide additional compensation to employees working on Sundays. Overtime pay is not an obligation for employers and they are free to pay as per company policy. Employees are normally given 20 days of annual holiday leave besides public holidays. Employers are not obliged to pay women for maternity breaks.
Challenges When Expanding Into Ireland
The companies starting their business operations in Ireland needs a PPS or Personal Public Service number to qualify to get RPNs. A PPS number can be acquired from the local PPS Registration Centre after submitting all the supporting documentation. A new employee will be on the emergency tax until he receives a tax credit. Setting up a new start requires necessary details like staff number, name, address, sex, date of birth, and title. Besides, there should be the employment start date, PPS, bank details, compensation, deduction, pension, and so on. An EOR company provides all the legal assistance to run your business operations in Ireland without having an actual office set up there.
The Companies Act 2014 introduced different types of Companies in Ireland:
• Company Limited by Shares (LTD)
• Designated Activity Company (DAC)
• Company Limited by Guarantee (CLG)
• Public Limited Company (PLC)
• Unlimited Company
Ireland Employment Compliance
Employment contracts are mandatory in Ireland and employers should give new workers a written contract in 2 months. The contract should be in the local language and must be signed by the employer and employee. It should specify the details of employee’s compensation, advantages, and termination if required. An offer letter in Ireland should always have the details of remuneration amounts in euros instead of foreign currency. This information should be considered as generally accepted information.
Ireland Visas and Work Permits
Being a member of the European Union (EU), Ireland allows citizens of European Union member countries to work without visas or permits. Non-EU countries need to apply for a work permit issued by the Department of Jobs, Enterprise, and Innovation (DJEI). Jobs offered to migrants through a general employment permit, further demand labor market assessments. It means that the vacancy should be advertised to workers from within the area and then be offered to foreigners. That too is applicable only where there is a lack of finding a suitable candidate in the country. Every worker needs to have a proper work permit to work in Ireland and this can be arranged by the company or Employer of Record Ireland which works on the company’s behalf and takes care of all the onboarding formalities. This work permit is initially issued for a period of 2 years, which can be further extended for another 3 years. However, people on a work permit may apply for long-term stay in Ireland after 5 years. Every employee working in Ireland must have a proper work permit to work for a company.
Types of work permits for non-EU individuals planning to work and stay in Ireland.
• Critical skills employment permit: Available to employees with a job offer or an employment contract from an Irish employer.
• Spouse/partner/dependent permit: Available for recognized partners of an individual with Critical Skills Employment Permit.
• Reactivation permit: Eligible for employees if they previously had an Ireland work visa.
• Working holiday visa: For individuals traveling to Ireland for a period of up to one year and prefer to work during their stay. Applicable to individuals with the age group between 18 and 30. This work permit is available for residents of Australia, the United States, New Zealand, Chile, Hong Kong, Taiwan, South Korea, and Japan.
• Intra company transfer permit
Benefits of Ireland Hiring Outsourcing
The cost and risk of managing a foreign corporate entity from a compliance perspective are too high for future potential benefits. Often, it does not align with the long-term goals of your organization. Using professional Employer of Record Services Ireland helps you in countless ways. By having a contractor overseas, you can sit back and witness the entire process going on smoothly. Your company can invest in the resources of EOR and show your commitment to employee management in a new country. Hiring an employer of record Ireland helps you get a cost-effective solution to hiring international employees while saving a significant amount of time and energy. Imagine the country laws, employment challenges, and cultural nuances you have to undergo to get the task of hiring done. All this you can do without setting up a legal office in the country. If you need to hire urgently, an EOR helps you carry out the process faster than you think.
Why Choose Infotree Global?
As your Ireland Employer of Record, Infotree Global Solutions simplifies the process of hiring overseas. Taking the benefit of talented labor markets in Ireland is easy with Infotree Global Solutions. A team of experts is designated to work on your behalf to perform all your in-country liabilities in compliance with local labor laws. As a result, your new employee is productive sooner than you think. Using our network and professional support, we make hiring a better experience for employees working internationally for you. Infotree Global Solutions enables you to utilize the talent of the smartest individuals, quick and smooth.
Let us assist you with Ireland’s business visas, payroll and taxes, and general employment support to significantly save your time and reduce your worries.