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International Expansion: Going to Europe
- 1. 1 Doing Business in EuropeWebinar Data Privacy, Employment Law, Entity Setup and More
- 2. 2 Speakers Ragu Bhargava Co-Founder & CEO Global Upside Emma Ladley Senior Associate Osborne Clarke Adam Sheffield President Global PEO Services
- 3. 3 Key Considerations Location Footprint (Small or Large?) Entity Setup / Activities Finding the right talent Hiring and Employment Law Tax and Accounting Support Managing a global operation – centralize? Compliance General Data Protection Regulations (GDPR)
- 4. Setup and Strategy 4 Permanent Establishment (PE) Risks Intellectual Property (IP) Considerations Eastern Europe Regional Center (Ireland, Netherlands or Switzerland) Where to? Start up Activities Representative Office Branch vs. Subsidiary Accounting Setup Tax Considerations Money Movement
- 5. Company Law Compliance 5 Registered Office Resident Director Substance Over Form (Tax Structure) Data Protection Registration Taxes: VAT, Income, Others Statutory Audit Annual Reports
- 6. Accounting and Payroll 6 Key Filings and Deadlines Payroll: Taxes, Computation, Reporting, etc. Management/Statutory Accounts Year-end Local GAAP (IASB) Accounts Corporate and Payroll Taxes Stock Transaction (ESPP, RSUs, Stock Options) AP/AR Policy, Process, Systems Expertise
- 7. 7 Understanding VAT, implications for US companies VAT obligations for you and your Client Netherlands: your logistics hub Storage/operations of goods – Permanent Establishment issues VAT compliance and reporting Understanding Value Added Tax VAT
- 8. 8 Expect the Unexpected Acquisitions VAT compliance penalty Do your homework Management: Central vs. Regional vs. Local EU commonalities and differences General Data Protection Regulations (GDPR) Headquarter support
- 9. 9 Employee Contractor Needs legal structure (Subsidiary, Branch) Professional Employer Organization (PEO) Permanent Establishment (PE) Employment Risks Hiring Options
- 10. 10 Speed To Hire Incorporation/Registration Bank Accounts Employment Contracts Benefits Headcount/Functions Small Footprint Large Footprint Objectives Sales Research & Development Service Delivery Merger & Acquisition Other Risk Mitigation Permanent Establishment Employment Law Immigration Considerations
- 11. 11 Local Laws Employment Agreements Works Councils & Collective Bargaining Agreements Working Time Regulations Statutory Benefits Supplemental Benefits Employment Law
- 12. 12 Background Checks At Will Employment – DOES NOT EXIST Termination Protection Breach Consequences Hiring & Exiting
- 13. 13 Avoids setting up an entity No bank account needed Increases compliance risk, may not always be legal Limits the talent pool Misclassification woes Contractors may use this to negotiate payouts Independent Contractor
- 14. 14 Hire the employee through the PEO’s local entity Expense reimbursements Local compliance Assign services back to the Client, so employee “walks and talks” like the Client’s employee Locally compliant employment contract Payroll Benefits Global PEO/EOR
- 15. 15 Broadens the Talent Pool Hire as employee not contractor Hire in days Transfers compliance from Client to the Global PEO Reduces Risk Flexible No corporate structure left behind if the employee leaves or if you want to exit Instant Infrastructure Why PEO?
- 16. 16 Fast growth Large headcount Tax strategy/benefits Outgrown PEO model Entity First steps/test the market “Surprise Hires” Long-term low volume countries Alternative to contractors PEO The Right Fit for You
- 17. 17 Keeping Private Data Private What is GDPR? Intent vs Reality Are you prepared for May 2018? When does GDPR apply?
- 18. 18 Implications and What You Should Do? Need to identify basis for processing Consent is harder to rely on Data subject rights Data mapping, policy and process review
- 19. 19 Brexit Legal Impact What’s happening now? Employment Law in the U.K. Work permits and movement across borders
- 20. 20 Ragu Bhargava Co-Founder & CEO Global Upside ragu@globalupside.com 408-913-9130 Emma Ladley Senior Associate Osborne Clarke emma.ladley@osborneclarke.com 650-462-4024 Adam Sheffield President Global PEO Services adam@globalpeoservices.com 801-821-4905 Talk to Us
- 21. 21 Thank You For feedback on this webinar and suggestions for topics you’d like to learn more about, please email marketing@globalupside.com