You don’t need to open an entity in the UK to build a workforce in full compliance. You can hire through a PEO (professional employment organization) provider that will serve as the employer of record.
Working with a UK PEO is like outsourcing all of the workforce management. You hire the people and direct them in their daily tasks while the U.K PEO handles all administrative duties, like payroll, time-tracking, and benefits.
With a UK PEO, your costs are clear and transparent. You pay a set fee for each employee, and nothing more. There are no hidden fees, no percentages of payroll, and no end-of-year surprises.
Planning a budget has never been easier, especially when you are testing a market and trying to decide if you want a permanent presence.
A UK PEO is a great option if your company wants to move quickly and with the least possible risk. You can build a local UK team in a matter of weeks, instead of months of bureaucracy it takes to open an entity. You can test the market without an obligation to stay long-term, and you can scale in no time.
Since the PEO serves as the official EoR, your company is not liable for the employees. There is no need to navigate the UK employment system, register with all of the tax offices, or worry about legislative changes. All you have to do is find the talent and the PEO puts them to work for you in full compliance.
The UK is currently the 6th largest economy in the world in terms of gross domestic product (GDP) providing a massive market for any type of business and a huge pool of potential employees. Navigating the business world in the UK is easier than most foreign ventures because the national language is English.
If you haven’t started hiring in the UK, there is no better time than the present. With a UK PEO, you can hit the ground running and join one of the premier economies in the world.