Author: exroadmin
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What is an Employer of Record and Why is it Important for You?
When a company hires an employee, the responsibility of all tasks of the employee including payroll, HR related tasks and legal and labor requirements must be taken up by the employer. But not all types of companies want to take up the responsibility of dealing with the liability of managing employees. This is where the…
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5 Things You Must Know About Employee Statutory Requirements in Sri Lanka
Sri Lanka is a nation with a mixed economy where both private sector and government sectors employee Sri Lankans and foreigners. Sri Lanka welcomes foreign investments, and to support this several free trade zones, regulations and easy access schemes have been established. The economy is based on agriculture, apparel, and services such as BPO, KPO…
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Things you Need to Know About a Shell Corporation
In simplest terms, a shell corporation is a legal entity which exists only on paper without a physical officer or employees. They have financial assets, however they do not create products, recruit employees or generate revenue in any manner. What is a shell corporation? A shell corporation has no significant business activity, they do have…
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8 Categories of Residence Visa in Sri Lanka
A residence visa is given for non Sri Lankans to get residence facilities under special circumstances. To obtain a residence visa, you need to enter Sri Lanka on an entry visa issued by a Sri Lanka diplomatic mission abroad. Entry visa will be issued by the Embassy only upon approval by the Controller General of…
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4 Things to Check When Selecting an Umbrella Company in Sri Lanka
Many companies who are looking at expanding into Sri Lanka face with two challenges. Whether or not to start and entity, or to tie up with an umbrella company who can take up the entire set up and administration hassle away from you. Many opt for an umbrella company who would deal with the complex…
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Your Guide to set up a Business in Sri Lanka
Post-civil war, economic growth and strategic location are only few factors for anyone to make a decision to set up a business in Sri Lanka. With a lot of opportunities, Sri Lanka aims to become a middle income country with long term plans and sustainable development. With Sri Lanka’s growth over the years, many businesses…
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Paying International Employees Compliantly
An increasingly painful problem that arises with international expansion is, how to pay employees compliantly. This is one of the good problems to have when growing, but has to be managed correctly to avoid complications in the future. Deepening on where employees are located, they will fall into government regulations and company labor laws that…
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Why you need to Consider Outsourcing your HR when Expanding Internationally
All companies have steady policies and regulations in an HR department and usually managed quite effectively with minimal issues. However which could be a challenge when expanding globally, as HR is an area which has to be carefully developed into an internationally equipped HR department to overcome the challenges that take place during expansion. Given…
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Things to know about Remote Work Compliance
Remote work compliance has become one of the vital things for an organisation to consider along with the Pandemic. Most organisations has developed policies and regulations for remote work and soon it will become the norm. Most of the global organisations would get their employees to work from home within the next few months. There…
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Your Visa to a Dream Home in Sri Lanka is just Days Away
Sri Lanka flourishes in every way after 2009 when a 30 year old civil war came to an end. There were vested interest by many foreign entities and communities to invest in Sri Lanka also the urge to make the beautiful island their home. The country which is surrounded by pristine beaches, rich culture and…