Setting up a new business is an exciting yet intimidatingexperience, especially if you’re launching a venture in a new country. If you’re considering setting up a business in Europe, Ireland is a great place to live and work for foreigners. As the heart of the European Union, the country has the potential to support and help businesses and entrepreneurs grow.

Read More

Ireland Geography, Politics, Economics, and Culture

Ireland is geographically located in Western Europe, separated from Great Britain to its east by several bodies of water. Politically, it is divided into the Republic of Ireland (officially, Ireland) and Northern Ireland, which is a part of Great Britain. The Irish climate is known for being milder than one would assume for its northerly location, as a results of the Atlantic Ocean’s moderating influence, as well as abundant rain and cloud cover.

Ireland is a small nation that depends on trade for its economic growth. The Irish economy has continued to grow since 2017, largely attributable to increased job growth, strong export industry, and low inflation. However, the highest risk currently facing the Irish government is the U.K.’s planned departure from the European Union by 2019.

Ireland’s population is estimated at 5.01 million, most of whom are Roman Catholics, speaking primarily Irish and English. The Irish are known to associate their national identity with their religion. For instance, green is a color linked internationally to being Irish, and within Ireland, green is associated with being Catholic and Irish. Ireland still retains many elements of its ancient, indigenous culture as expressed through its Gaelic traditions in sports, music and language.

2021
March 17St. Patrick’s Day
April 5Easter Monday
May 3May Day
June 7June Bank Holiday
August 2August Bank Holiday
October 25October Bank Holiday
December 25Christmas Day
December 26St. Stephen’s Day
  • Private company limited by shares
  • Company limited by guarantee not having a share capital
  • Company limited by guarantee having a share capital
  • A public limited company
  • Single Member Company
  • Unlimited Company
  • Undertakings for Collective Investment in Transferable Securities (UCITS)
  • A designated activity company (Irish: Cuideachta Ghníomhaíochta Ainmnithe) or DAC
  • Corporate Tax: 12.5%
  • Income Tax (Lowest Marginal Rate): 20% (first €1,650 per year is deductible)
  • Income Tax (Highest Marginal Rate): 52% (40% income tax + 12% social insurance contributions on incomes above €70,000)
  • VAT/GST/Sales Tax: 23% (goods), 9%–13.5% (services), 0% (certain items of food)
  • Allied Irish Banks (Commercial Bank)
  • Bank of America Merrill Lynch International (Commercial Bank)
  • Bank of Ireland (Commercial Bank)
  • Bank of Montreal Ireland (Commercial Bank)
  • Barclays Bank Ireland (Commercial Bank)
  • Citibank Europe (Commercial Bank)
  • Dell Bank International (Commercial Bank)
  • DePfa Bank (Commercial Bank)
  • EBS (Commercial Bank)
  • Elavon Financial Services (Commercial Bank)
  • Hewlett-Packard International Bank (Commercial Bank)
  • Intesa Sanpaolo Bank Ireland (Commercial Bank)
  • JP Morgan Bank (Ireland) (Commercial Bank)
  • KBC Bank Ireland (Commercial Bank)
  • permanent tsb (Commercial Bank)
  • Scotiabank (Ireland) (Commercial Bank)
  • Ulster Bank Ireland (Commercial Bank)
  • UniCredit Bank Ireland (Commercial Bank)
  • Wells Fargo Bank International (Commercial Bank)

Aadmi can support you with your expansion to Ireland. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

 

The United Kingdom (UK) is home to numerous multinational companies – and for good reasons. The UK offers businesses the chance to reach out to many different kinds of customers, along with the opportunity to join hands with many other countries throughout Europe. Research shows that a UK-based company can gain access to more than 500 million buyers in Europe alone.

Read More

The United Kingdom Geography, Politics, Culture, and Economy

The United Kingdom is made up of Scotland, Wales, and England, with the larger entity known as Great Britain and Northern Ireland. They border the Republic of Ireland to the west and across the English Channel and the North Sea as well as border countries such as France, Belgium, Netherlands, Germany, Denmark, and Norway. After several centuries as a globally dominating colonial power, the UK’s economic and political influence was diminished by the two world wars and the breakup of the British Empire.

English is the country’s official language. Other native languages include Celtic, Scots Gaelic, Welsh, Cornish, Irish and Old Norse. Modern Britain is largely multicultural, with almost two-thirds of the population who profess not to believe in God, while 36 percent are members of the official Anglican church. Social classes still permeate the culture and continue to include tensions between the working class and a few aristocrats. It has a constitutional monarchy where the government is run by a prime minister but each of the four nations has its own judicial system. Recently, the UK announced its intention to exit the European Union, popularly known as ‘Brexit’.

April 2Good Friday
May 3Early May Bank Holiday
May 31Spring Bank Holiday
December 25Christmas Day
December 26Boxing Day
December 27Substitute Bank Holiday for Christmas Day
December 28Substitute Bank Holiday for Boxing Day
  • CIC (community interest company)
  • CIO (Charitable Incorporated Organisation)
  • Industrial and provident society
  • General partnership
  • LLP (Limited liability partnership)
  • Scottish limited partnerships
  • LP (Limited partnership)
  • Private Limited Companies (Ltd or Limited or Welsh Cyfyngedig (Cyf))
  • Private company limited by shares
  • Private company limited by guarantee
  • Public Limited Company (PLC or Welsh Cwmni Cyfyngedig Cyhoeddus (CCC))
  • Unlimited company (or Welsh (cwmni) anghyfyngedig)
  • Sole proprietorship (Sole traders)
  • Corporate Tax: 19%
  • Income Tax (Lowest Marginal Rate): 0% (on incomes not over £12,500)
  • Income Tax (Highest Marginal Rate): 47% on incomes over £150,000 (45% income tax + 2% for NI)
  • VAT/GST/Sales Tax: 20% (standard rate), 5% (home energy and renovations), 5% (tourism and hospitality sector for 6 months from the 8th of July 2020), 0% (life necessities: groceries, water, prescription medications, medical equipment and supplies; public transport; children’s clothing; books and periodicals)
  • Bank of Scotland (Local Bank)
  • Barclays Bank (Local Bank)
  • Clydesdale Bank (Local Bank)
  • The Co-operative Bank (Local Bank)
  • Northern Bank (Local Bank)
  • Danske Bank (Local Bank)
  • Halifax (Local Bank)
  • HSBC UK (Local Bank)
  • Lloyds Bank (Local Bank)
  • National Westminster Bank, (Local Bank)
  • The Royal Bank of Scotland (Local Bank)
  • Santander UK (Local Bank)
  • Standard Chartered Bank  (Local Bank)
  • TSB Bank (Local Bank)
  • Ulster Bank (Local Bank)
  • Yorkshire Bank (Local Bank)
  • Adam and Company, part of The Royal Bank of Scotland Group (Commercial Bank)
  • Aldermore Bank (Commercial Bank)
  • Allied Irish Bank, part of Allied Irish Banks (Commercial Bank)
  • Al Rayan Bank, part of Masraf Al Rayan (Commercial Bank)
  • Arbuthnot Latham & Co (Commercial Bank)
  • Atom Bank (Commercial Bank)
  • Bank Negara Indonesia (Commercial Bank)
  • Bank and Clients (Commercial Bank)
  • Bank of Ceylon (UK), part of Bank of Ceylon (Commercial Bank)
  • Bank of Cyprus (UK), part of Bank of Cyprus (Commercial Bank)
  • Bank of Ireland (UK), part of Bank of Ireland (Commercial Bank)
  • Butterfield Private Bank (Commercial Bank)
  • C. Hoare & Co (Commercial Bank)
  • Cambridge & Counties Bank (Commercial Bank)
  • Cater Allen Private Bank, subsidiary of Santander UK, part of Banco Santander (Commercial Bank)
  • Child & Co, branch of The Royal Bank of Scotland (Commercial Bank)
  • Coutts & Co, subsidiary of NatWest, part of RBS Group (Commercial Bank)
  • Deutsche Bank (Commercial Bank)
  • Drummonds Bank, branch of The Royal Bank of Scotland (Commercial Bank)
  • Duncan Lawrie (Commercial Bank)
  • First Trust Bank, part of Allied Irish Banks (Commercial Bank)
  • Habib Bank AG Zurich (Commercial Bank)
  • ICICI Bank UK, part of ICICI Bank (Commercial Bank)
  • Isle of Man Bank, subsidiary of NatWest, part of RBS Group (Commercial Bank)
  • Julian Hodge Bank (Commercial Bank)
  • Kingdom Bank, independent Christian bank (Commercial Bank)
  • Kleinwort Hambros Private Bank, part of Société Générale (Commercial Bank)
  • M&S Bank, part of HSBC (Commercial Bank)
  • Metro Bank (Commercial Bank)
  • Monzo (Commercial Bank)
  • National Bank of Kuwait (International), part of the National Bank of Kuwait (Commercial Bank)
  • National Savings and Investments, an Executive Agency of the Chancellor of the Exchequer, backed by HM Treasury (Commercial Bank)
  • OneSavings Bank (Commercial Bank)
  • Raphaels Bank, independent bank established 1787 (Commercial Bank)
  • Reliance Bank, owned by the Salvation Army (Commercial Bank)
  • Sainsbury’s Bank, owned by J Sainsbury plc (Commercial Bank)
  • Shawbrook Bank (Commercial Bank)
  • Starling Bank (Commercial Bank)
  • Tandem Bank (Commercial Bank)
  • Tesco Bank, owned by Tesco plc (Commercial Bank)
  • Unity Trust Bank (Commercial Bank)
  • Virgin Money, previously Northern Rock (Commercial Bank)
  • Wesleyan Bank (Commercial Bank)

Aadmi can support you with your expansion to the United Kingdom. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

Iceland Geography and Culture

Iceland is a Nordic country located in the north Atlantic, an island nation that is sparsely populated, with the majority of its inhabitants living in or around its capital, Reykjavik. It is famous for its hot springs (like the Blue Lagoon), geysers and active volcanoes. Lava fields cover a lot of the land and hot water is pumped from under the ground to supply much of the country’s heating.

Icelandic culture is founded upon its Scandinavian heritage, with most of its inhabitants descended from Norse and Gaelic settlers. The language is North Germanic and descended from Old West Norse and Faroese. Iceland is a wealthy country with a market economy that provides for its citizens via a Nordic-style welfare system.

Icelandic cuisine includes traditional dishes skyr (a thick yogurt), hákarl (cured shark), cured ram, singed sheep heads, and black pudding, Flatkaka (flat bread), dried fish and dark rye bread traditionally baked in the ground in geothermal areas, as well as Puffin, a local bird and delicacy that is often prepared through broiling.

2021
April 1Maundy Thursday
April 2Good Friday
April 4Easter Sunday
April 5Easter Monday
April 22First Day of Summer
May 1Labour Day
May 13Ascension Day
May 23Whit Sunday
May 24Whit Monday
June 17Icelandic Republic Day
August 2Commerce Day
December 24Christmas Eve (from noon)
December 25Christmas Day
December 26Second Day of Christmas
December 31New Year’s Eve (from noon)
  • ehf. einkahlutafélag
  • einstaklingsfyrirtæki
  • hf. hlutafélag
  • ohf. opinbert hlutafélag
  • saf. samlagsfélag
  • sv. samvinnufélag
  • sf. sameignarfélag
  • sfs. sjálfseignarstofnun
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 0% (On income up to 152.807 ISK)
  • Income Tax (Highest Marginal Rate): 46%
  • VAT/GST/Sales Tax: 24% (standard rate), 11% (reduced rate)
  • Allied Irish Banks (Commercial Bank)
  • Bank of Ireland (Commercial Bank)
  • KBC Bank Ireland (formerly IIB Bank) (Commercial Bank)
  • Permanent TSB (Commercial Bank)
  • Ulster Bank (Commercial Bank)
  • Arion Bank (Commercial Bank)
  • Kvika Banki (Commercial Bank)
  • Landsbankinn hf. (Commercial Bank)
  • Íslandsbanki hf. (Commercial Bank)
  • Sparisjóður Austurlands hf (State Bank)
  • Sparisjóður Höfðhverfinga ses. (State Bank)
  • Sparisjóður Strandamanna ses. (State Bank)
  • Sparisjóður Suður-Þingeyinga ses. (State Bank)

Aadmi can support you with your expansion to Iceland. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

Drug Testing Abroad

Employee Drug Screening has been commonplace for many employers for the last few decades. However, when you require service outside of your home country’s borders, it’s often difficult to figure out what testing is available, legal, and accessible for your international employees. 

What type of international drug testing is available?

We offer international drug testing solutions in over 80 countries to ensure your drug testing program’s consistency. We work with top-rated SAMHSA (Substance Abuse and Mental Health Services Administration) labs and certified collection sites in over 80 countries. Tests are conducted as either 5 or 10-panel tests, according to your organization’s internal requirements.

5 Panel Testing Includes:

  • THC (Marijuana)
  • Cocaine
  • Opiates
  • Amphetamines
  • Phencyclidine

10 Panel Testing Includes the 5 Panel Testing items, plus:

  • Methadone
  • Propoxyphene
  • Barbiturates
  • Benzodiazepines
  • Methaqualone

Where do we provide drug testing services and support?

Countries we currently operate drug testing services include:

AfghanistanEnglandMarshall IslandsThailand
ArgentinaEquatorial GuineaMexicoThe Netherlands
ArubaEgyptNew ZealandTrinidad and Tobago
AustraliaFinlandNigeriaTurkey
AustriaFranceOmanU.S. Virgin Islands
BahamasGermanyPakistanUnited Arab Emirates
BelgiumGuamPanamaUruguay
BelizeGuatemalaParaguay
BermudaHondurasPeru
BoliviaHong KongPhilippines
BrazilIndiaPoland
CanadaIndonesiaPuerto Rico
ChildIrelandRomania
ChinaIsraelScotland
ColombiaItalySingapore
Costa RicaJamaicaSlovenia
DenmarkJapanSouth Africa
DjiboutiKenyaSouth Korea
Dominican RepublicKuwaitSpain
EcuadorLebanonSt. Kitts
El SalvadorMalaysiaSweden

 

When is it appropriate to request a drug screen for my international employee?

It is vital to understand the local regulations concerning drug screening before requesting your employee or new hire to participate in testing.

Our team will provide you with the guidance necessary to compliantly request testing based on the jurisdiction requested. As these laws are highly inconsistent across borders, we give you the tools necessary to proceed compliantly and confidently in this process.

Examples of international drug testing policies:

  • Drug testing in France is legal for companies to test active employees. However, an employer may not test a prospective employee until their employment contract has started. Occupational Medicine centers test employees and do not disclose the results merely if the employee is fit to be employed based on the job requirements.
  • In Germany, an employer can request a candidate complete a drug screen before obtaining a signature on the employment contract. Like France, employers are not privy to seeing the individual’s results, only whether the employee may proceed with employment per the organization’s drug policies. 
  • Swedish employers are permitted to request drug testing for both employees and candidates for employment before contract signature. Employees must be notified well in advance. There must be a legitimate business reason to request the testing, such as the employee working in construction or security where there could be significant risks if drugs were used on the job. Screening must also be consistent to avoid any potential discrimination. 

How do I request a quote for the drug screens I’d like to have conducted?

Ready to get started? Send us an email – checks@aadmi.com. Here’s what we’ll need from you:

  1. The country where you would like the check conducted
  2. Checks that you are interested in conducting – 5 panel or 10-panel drug screening
  3. First and Last Name of individual
  4. Email Address of individual

Read additional information on drug screening and labor laws here.

Expanding your business to a foreign country can be a challenging and relatively cost-intensive process. However, running a business in a foreign country without officially expanding or setting up an office is becoming a bit more commonplace, thanks to efficient outsourcing protocols and technologies.

Let’s say you have a business in your home country, but you want to hire remote resources from Country A and Country B for a long-term contract. You will be their full-time employer, and you may have to go through the non-resident employer registration process of the country so that there is no confusion regarding the taxation and associated benefits for your employee.

And that’s just one area where non-resident employer registration comes into play.

Challenges Associated With Non-Resident Employer Registration

The first thing you have to understand about non-resident employer registration is that it’s available or mandatory in relatively few countries, including UK, Canada, Ireland, Netherlands, Estonia, etc. The purpose of this registration is solely to grant you the ability to employ full-time resources from the host country. In most cases, they might not be able to represent your business or make binding decisions or execute trades on behalf of your business, though it might vary from country to county.

There are quite a few challenges associated with this type of registration.

  1. Navigating the taxation terrain of the host country. You might be required to register for corporate taxation, income tax (which you might have to hold for the employee), PAYE (for UK and Ireland), VAT, etc. Certain tax obligations might not get triggered unless your employees in a different country are earning above a threshold, or they may be liable for paying their own taxes because the income you provide them falls under freelancing, as per local laws. Understanding the specifics of the local taxation and deciphering it in the context of your employment contracts is important before you go through the process.
  2. It’s important that your employees are not subject to double taxation. It’s easy for residents of the host country but complicated for foreign workers. Their country may or may not have tax treaties with the host country. If they don’t, they might have to pay a portion of their taxes to the host country and a portion to their home country, and you as an employer need to figure out the right amount of tax to withhold.
  3. Most countries offer universal healthcare to their citizens, and a significant portion of their taxes goes into the national insurance programs. If you are already offering insurance through a private corporation, the situation might be different. If you are sending an employee to a host country, the insurance obligation might not kick in for several months or even a year. The scenario and the insurance component you might need to withhold from your employees’ wages will vary significantly based on your employee’s own status in the host country.
  4. The currency conversion might make tax reporting a bit complicated, especially if you are running the payroll in your home currency. If you withheld the requisite income tax amount from your employees’ wages in your currency and the value of the host currency shifts significantly between your withholding and payment obligation, you might be required to make up for the difference.
  5. Social security benefits might differ significantly between the home country of your business and the host country. You need to set up a payment structure that maximizes the social security benefit for the employee and minimizes your financial obligation. It’s a difficult balance to strike without thoroughly understanding the local rules.

Whether you are conducting business on foreign soil or simply going for a non-resident employer registration, it’s imperative that you have all the necessary information at hand. But you can benefit even more from understanding the trends and norms in the country you are trying to hire from. 

Let us support you with your non-resident registration.  Meet an expert today.