For businesses looking to expand internationally while remaining efficient, Companio offers a comprehensive international payroll solution designed specifically for e-residents of Estonia. This is a particularly attractive option for location-independent entrepreneurs and digital nomads who manage global teams, as Companio simplifies the complex task of hiring and managing international employees. Read on for our full Companio review.
Review of services offered by Companio
Companio provides an end-to-end international payroll and hiring service through its platform “Companio Work.” The service allows businesses to hire employees in over 80 countries without needing to establish a local entity in each one. This means businesses can operate globally while complying with local labour and tax laws. The platform manages payroll processing, tax compliance, social contributions, and even payslips for employees.
Key services include:
- Global hiring: You can hire employees or contractors globally, without worrying about local tax or employment regulations.
- Full payroll management: Companio handles the entire payroll process, including salary disbursement, taxes, and social security payments.
- Compliance: The platform ensures that all payments are compliant with the local regulations of each employee’s country, removing the risk of non-compliance.
- Employee and contractor management: You can register employees or freelancers through a seamless dashboard, making it easier to track payroll, bonuses, and tax information.
Pricing structure
Companio’s pricing for international payroll services starts at €390 per employee per month. This fee includes the complete payroll service, from salary disbursement to tax and compliance management. The platform is designed to be cost-effective, especially when compared to the alternative of setting up a legal entity in each country where you wish to hire.
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For those managing multiple employees, Companio offers flexibility, allowing companies to scale their workforce without hidden charges. The fee structure is transparent, and businesses are charged based on the gross salary of each employee, ensuring there are no surprises.
Key features of Companio Work
Companio’s platform provides a variety of features aimed at making global payroll management as simple as possible:
- Automated payroll: The platform automates all aspects of payroll, including generating payslips, calculating taxes, and disbursing salaries.
- Compliance support: The service ensures that all employees are properly registered and that taxes are paid in their local jurisdiction.
- Integration with accounting: Companio’s payroll system integrates with your business’s accounting, making it easier to manage finances and reduce errors.
- Employee onboarding: Adding new employees or contractors to your payroll is as simple as a few clicks on the dashboard.
Companio international payroll review – Final thoughts
For businesses seeking to expand internationally without the headache of dealing with complex local payroll systems, Companio provides a well-rounded, compliant, and scalable solution. Its pricing, while not the cheapest option available, reflects the comprehensive nature of its services, making it a strong choice for businesses looking to hire internationally with peace of mind.
Companio review – FAQ
Companio offers global payroll, accounting, and compliance solutions for e-residents of Estonia. It manages hiring, tax compliance, and salary payments for international employees and contractors across 80+ countries.
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The base cost is €390 per employee per month, covering full payroll management, including tax compliance and salary disbursement. This transparent pricing helps businesses avoid hidden costs.
Yes, Companio supports hiring employees from over 80 countries, managing local tax and compliance regulations for each location.
Yes, you can manage contractors alongside full-time employees. Contractors send invoices through Companio, while employees receive a formal payroll service.
Companio handles all tax filings, social contributions, and compliance with local laws for each employee, ensuring full adherence to local labour and tax regulations.
Adding employees is simple via the Companio dashboard, where you can input all necessary details, including salary and bank information.
No, Companio Work does not require a minimum number of employees. You can manage as few or as many employees as needed.
Yes, Companio supports multi-currency payroll, allowing businesses to manage payments in various currencies depending on employee location.
Companio simplifies onboarding by managing employee registration and ensuring compliance with local laws. Payroll and benefits are handled automatically once the employee is added.
If salaries are delayed, legal consequences could arise. Companio holds a deposit to cover emergencies but recommends avoiding such situations by ensuring financial preparedness.