Payroll for Expatriates

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Payroll for Expatriates

Scenario:
With Vietnam’s stronger integration into the global economy, one of the challenges are facing the shortage of middle & senior managers, especially C-level executives.

To meet the rising needs, there’s no solution other than to employ those expatriate employees, who are Viet Kieu or Foreigners and are professionally trained and experienced.

However managing this valuable expatriate workforce is no easy task of any companies, with no exception for the multinational companies who have long managed their expatriates worldwide.

The issues you might face in Vietnam if you have the expatriate employees are:

How to obtain the work permit
How to comply with Labor contract, SI, HI, PIT, etc with Vietnamese labor law for expatriates, which is complicated and keeps changed due to the changing business environment
How to declare and comply with the Tax regulation for expats
How to harmonize payroll for expatriates with those for local employees
How to manage salary payment under private and confidential way
How to offer and manage the remuneration package (salary, bonus, allowance, perks, incentive…) paid from local country and other ones.
Etc

Solution:
Foreseeing the trend, NVM Group has customized Payroll Services to answer your questions of expatriate workforce.

You will be released from the above concerns as our service helps you obtain work permit, manage properly the SI, HI, PIT, remuneration packages, etc for those expatriates in accordance with the Vietnam law and regulation.

We also have a HR Advisory team to advise you about the employment issues, PIT matters.

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