South Africa, also known as the Republic of South Africa, is a country placed at the southern edge of Africa and is considered the economic powerhouse of Africa. It is one of the most sophisticated and promising emerging markets globally attracting investors from all over the world. One needs to look at the various options for company formation prior to setting up a business in South Africa.
Deciding the structure can have a significant effect on all the future operations and therefore, it is vital for the business owner to consider a number of options before company formation and seeking professional advice is emphasized to have efficient structure. The team of professionals at NNRoad can help and guide you throughout the company formation process and will make sure that you have a structure in accordance with the African laws.
NNRoad provides PEO solutions for clients willing to hire employees and run payroll without establishing an entity in South Africa. Our employer of record service eliminates the need for local incorporation saving all the time and money.
As your employer of record NNRoad will take on the legal responsibility of employing and paying your employees in South Africa. The candidates will be assigned to work on behalf of your company as if they are your employee to complete the associated tasks. Our Employer of record (EOR) service will keep ensuring full compliance of your business when expanding into the African market.
Irrespective of the fact where the company is based, paying salaries to employees in a timely manner along with income tax and social security compliance in terms of withholding and calculations is a must.
As every country observes a different tax and employment system, therefore, a deep understanding of the law is necessary for any company before the setup up a payroll.
NNRoad can provide a comprehensive and flexible outsourced payroll service that is tailored according to each client’s individual requirements. You can invest your time and resources to develop essential business activities by outsourcing your payroll needs to NNRoad where we make sure that all the obligations are fulfilled in a timely and efficient manner according to the African jurisdiction.
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