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So you want to hire someone in Botswana. Problem is, your company is located somewhere else.
If you’ve done some research, you’ve probably been told you should be using an Employer-of-Record (EOR). Why? Well, if your company isn’t located in Botswana, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.
But there’s a catch: EOR solutions in Botswana are expensive—usually at least $500 per month per employee—and can take time to set up. And because you’re complying with a different set of labor laws, logistics and benefits can end up costing you lots of time and money. While they will save you time from setting up your own entity, they’re rarely cheap or fast.
The good news? There’s another way to hire remote workers in Botswana, and it doesn’t involve forking out huge amounts of money for an EOR.
The solution: Hire your teammates in Botswana as contractors. If you’re hiring remotely and your teammates have autonomy, there’s a good chance you can make compliant contractor hires. You still have to use locally-compliant contracts, but the process is a lot easier, more affordable, and faster.
We built Thera to help you make contractor hires, in 150+ countries (like Botswana). So you can hire the people you want on your team, without paying thousands for an EOR. You can get set up in a couple of clicks—and you’ll only pay $49 per contractor per month.
It’s just as easy as it sounds. No catch. Here’s what Thera looks like vs. an EOR in Botswana:
Are you considering hiring independent contractors abroad for your business? If you're looking to expand your operations into Botswana, you may be wondering about the best way to manage your workforce. One option to consider is using an Employer of Record (EOR) in Botswana. In this post, we'll break down what an EOR is, the legal and regulatory conditions specific to Botswana, and why hiring an independent contractor may be a simpler option.
An Employer of Record (EOR) is a third-party company that takes on the responsibility of being the legal employer for your workers. This means that the EOR handles all the administrative tasks associated with employment, such as payroll, taxes, and compliance with local labor laws. As the client company, you still have control over the day-to-day activities of your workers, but the EOR takes on the legal and financial responsibilities.
Botswana has a relatively business-friendly environment, with a stable government and a growing economy. However, there are some legal and regulatory conditions to be aware of when using an EOR in Botswana. For example, the country has strict labor laws that govern issues such as minimum wage, working hours, and termination procedures. The EOR you work with should be familiar with these laws and ensure that your workers are in compliance.
Another important consideration is taxation. Botswana has a progressive income tax system, with rates ranging from 5% to 25%. As the employer, you will be responsible for withholding taxes from your workers' paychecks and remitting them to the government. The EOR can handle this process for you, but it's important to ensure that they are registered with the Botswana Unified Revenue Service (BURS) and have the necessary licenses and permits.
While using an EOR can be a good option for some businesses, it may not be the best choice for everyone. One alternative to consider is hiring independent contractors directly. This can be a simpler and more cost-effective option, as you don't have to go through the same hoops that most employers need to go through. Additionally, independent contractors are responsible for their own taxes, which can reduce your administrative burden.
We’ve got two pieces of good news for you. For one, if you’re hiring remotely, it’s unlikely you’ll misclassify your contractors. Many of the things that qualify people as employees, such as company equipment and set working hours, don’t typically apply to remote work.
Still, it’s helpful to have the comfort of knowing you’re not at risk for misclassification. That’s why, at Thera, we’ve launched Misclassification Assurance: so you can hire contractors abroad, worry-free. Learn more about hiring with Thera below.
If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.
With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.
Sound interesting? Click here to book a demo and see the platform firsthand
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