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So you want to hire someone in Ivory Coast. 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 Ivory Coast, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.
But there’s a catch: EOR solutions in Ivory Coast 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 Ivory Coast, and it doesn’t involve forking out huge amounts of money for an EOR.
The solution: Hire your teammates in Ivory Coast 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 Ivory Coast). 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 Ivory Coast:
Are you a business owner or manager considering hiring independent contractors in Ivory Coast? If so, you may be wondering about the best way to handle payroll and compliance with local laws and regulations. One option to consider is using an Employer of Record (EOR) service. In this post, we'll break down what an EOR is, how it works in Ivory Coast, and some legal and regulatory conditions to keep in mind. We'll also discuss why hiring independent contractors directly might be a simpler option.
An EOR is a third-party service provider that acts as the employer of record for your company's employees or contractors. This means that the EOR takes care of payroll, benefits, taxes, and other HR functions on your behalf. Using an EOR can be a good option if you're expanding into a new country and don't have a legal entity established yet, or if you want to outsource HR functions to focus on your core business.
In Ivory Coast, EOR services are regulated by the Labor Code and the Social Security Code. To use an EOR, you'll need to sign a contract with the service provider that outlines the terms of the arrangement. The EOR will then hire your employees or contractors and handle all HR functions, including payroll, taxes, and benefits. The EOR will also ensure compliance with local labor laws and regulations.
When using an EOR in Ivory Coast, there are several legal and regulatory conditions to keep in mind. For example, the Labor Code requires that all employment contracts be in writing and include specific information such as the job title, salary, and working hours. The Social Security Code requires that all employees be enrolled in the national social security system, which includes contributions for retirement, health care, and other benefits.
While using an EOR can be a good option for some companies, hiring independent contractors directly might be a simpler option in Ivory Coast. This is because the legal and regulatory requirements for independent contractors are generally less strict than those for employees. For example, independent contractors are not required to be enrolled in the national social security system, and their contracts do not need to include the same level of detail as employment contracts.
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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