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So you want to hire someone in Cameroon. Problem is, your company is located somewhere else.
If you’ve done some research, you’ve probably been told you should be using an Employer-of-Record (EOR). Why? Well, if your company isn’t located in Cameroon, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.
But there’s a catch: EOR solutions in Cameroon are expensive—usually at least $500 per month per employee—and can take time to set up. And because you’re complying with a different set of labor laws, logistics and benefits can end up costing you lots of time and money. While they will save you time from setting up your own entity, they’re rarely cheap or fast.
The good news? There’s another way to hire remote workers in Cameroon, and it doesn’t involve forking out huge amounts of money for an EOR.
The solution: Hire your teammates in Cameroon as contractors. If you’re hiring remotely and your teammates have autonomy, there’s a good chance you can make compliant contractor hires. You still have to use locally-compliant contracts, but the process is a lot easier, more affordable, and faster.
We built Thera to help you make contractor hires, in 150+ countries (like Cameroon). So you can hire the people you want on your team, without paying thousands for an EOR. You can get set up in a couple of clicks—and you’ll only pay $49 per contractor per month.
It’s just as easy as it sounds. No catch. Here’s what Thera looks like vs. an EOR in Cameroon:
Are you a business owner or manager considering hiring independent contractors in Cameroon? If so, you may be wondering about the legal and regulatory conditions surrounding the use of an Employer of Record (EOR) in the country. In this post, we'll break down what an EOR is, the benefits and drawbacks of using one in Cameroon, and any legal or regulatory conditions you should be aware of.
An EOR is a third-party company that acts as the employer of record for your independent contractors. This means that the EOR takes care of all the administrative tasks associated with hiring and paying contractors, including tax withholding, social security contributions, and other legal requirements. Essentially, the EOR acts as a buffer between you and your contractors, taking on the legal and financial responsibility of employing them.
One of the main benefits of using an EOR in Cameroon is that it can simplify the process of hiring and paying independent contractors. The EOR takes care of all the administrative tasks, freeing up your time and resources to focus on your core business activities. Additionally, an EOR can help you navigate the complex legal and regulatory landscape in Cameroon, ensuring that you are in compliance with all the relevant laws and regulations.
While there are certainly benefits to using an EOR in Cameroon, there are also some drawbacks to consider. One of the main drawbacks is cost. EORs typically charge a fee for their services, which can add up over time. Additionally, using an EOR can limit your control over your contractors, as the EOR is responsible for managing their employment relationship.
If you are considering using an EOR in Cameroon, there are several legal and regulatory conditions you should be aware of. For example, Cameroon has strict labor laws that govern the employment relationship between employers and employees. These laws include minimum wage requirements, working hours limits, and mandatory social security contributions. Additionally, Cameroon has a complex tax system that requires employers to withhold taxes from their employees' salaries and make regular tax payments to the government.
Given the legal and regulatory conditions in Cameroon, you may be wondering if hiring independent contractors directly might be easier than using an EOR. While there are certainly risks associated with hiring independent contractors, it can be a more cost-effective and flexible option for some businesses. By hiring contractors directly, you can maintain more control over the employment relationship and avoid the fees associated with using an EOR. However, it is important to ensure that you are in compliance with all the relevant laws and regulations, as non-compliance can result in significant fines and legal penalties.
We’ve got two pieces of good news for you. For one, if you’re hiring remotely, it’s unlikely you’ll misclassify your contractors. Many of the things that qualify people as employees, such as company equipment and set working hours, don’t typically apply to remote work.
Still, it’s helpful to have the comfort of knowing you’re not at risk for misclassification. That’s why, at Thera, we’ve launched Misclassification Assurance: so you can hire contractors abroad, worry-free. Learn more about hiring with Thera below.
If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.
With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.
Sound interesting? Click here to book a demo and see the platform firsthand
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