The global marketplace has never been more accessible. And while moving into foreign markets can be vital to a company's long-term growth, international expansion comes with many challenges and risks which companies and their executives need to take account of.
With widespread globalization among companies of all sizes, the nature of expatriate assignments is changing in length, location and frequency. Modern expat policies also need to be flexible to allow employees' individual needs to be met within a budget management can support. These issues affect a company's ability to manage their mobile workforce efficiently and to stay on top of a fiercely competitive market for talent.
Our Tax + Expat specialists can help you manage every functional aspect of an expatriate assignment, from initial planning, through fiscal registration and compliance to departure. Our advice and assistance also covers every financial aspect of such assignments, including tax-efficient solutions for direct compensation, expat allowances, social security, pensions and insurance. And, with our tailor-made payroll solutions, we can take care of all your expat worries.
International social security is also a crucial element of every international assignment. Not only to ensure that expatriates and their families are sufficiently covered for pension, sickness, unemployment, disability and other insurances, but also in determining the applicable social security system. Careful advance planning regarding EU and other social security treaties, including the US, can prevent unexpected risks and additional expense and can even lead to substantial financial advantages.