North-Korea

Employer of Record in North-Korea

Only 499 EUR per employee per month

We currently do not offer any services in this country.
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Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in North-Korea . We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business. Our Employer of Record (EOR) solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will find employment information for North-Korea.

Employer of Record people
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Currency
North Korean Won
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Capital
Pyongyang
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Region
Asia
Megaphone
Language
Korean
Hire remote employees
Population
25778816
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GDP
Line graph
GDP growth
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Ease of doing business
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World GDP share

1. Grow your team in North-Korea with Rivermate as your Employer of Record (EOR) / PEO

Payroll, benefits, taxes, and compliance can be difficult to manage in North-Korea , particularly if you don't have established local relationships. You can hire employees in North-Korea effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Summary

North Korea, formally known as the Democratic People's Republic of Korea (DPRK), is an East Asian nation. It forms the northern half of the Korean Peninsula, sharing boundaries with China and Russia to the north at the Yalu (Amnok) and Tumen rivers, and with South Korea to the south at the Korean Demilitarized Zone. The Yellow Sea forms the country's western boundary, while the Sea of Japan defines its eastern border. North Korea, like its southern neighbor, claims to be the legitimate government of the whole peninsula and surrounding islands. The capital and biggest city is Pyongyang.

The Japanese Empire seized Korea in 1910. After the Japanese surrendered at the conclusion of World War II, Korea was split into two zones along the 38th parallel, with the Soviet Union occupying the north and the United States occupying the south. After reunification talks failed, two governments were founded in 1948: the communist and Soviet-aligned DPRK in the north and the capitalist, the Western-aligned Republic of Korea in the south. The Korean War started in 1950 with a North Korean invasion and continued until 1953. The Korean Armistice Agreement created a cease-fire and a demilitarized zone (DMZ), but no official peace treaty was ever signed.

North Korea is an "independent socialist state," according to Article 1 of the state constitution. It organizes elections, albeit they have been criticized as sham elections by impartial observers since North Korea is a totalitarian government with a thorough personality cult centered on the Kim dynasty. The Workers' Party of Korea, headed by a member of the ruling family, is the dominant party and the only legitimate political organization, leading the Democratic Front for the Reunification of Korea.

Juche is North Korea's official philosophy, according to Article 3 of the constitution. The state owns the means of production via state-run firms and collectivized farms. Most services, including as healthcare, education, housing, and food production, are subsidized or sponsored by the government. North Korea had a famine from 1994 to 1998, killing between 240,000 and 420,000 people, and the population continues to suffer from starvation.

North Korea's Korean People's Army operates under the Songun, or "military first" strategy. It has nuclear weapons and the second biggest number of military and paramilitary forces, with 7.769 million active, reserve, and paramilitary people, or nearly 30 percent of its population. Its active duty army of 1.28 million troops is the world's fourth-largest, accounting for 5% of its population. A United Nations investigation into human rights breaches in North Korea determined in 2014 that "the magnitude, size, and character of these atrocities show a regime that has no parallel in the modern world," with Amnesty International and Human Rights Watch expressing similar views. North Korea's leadership disputes these allegations. North Korea has been a member of the United Nations since 1991, and it is also a member of the Non-Aligned Movement, the Group of 77, and the ASEAN Regional Forum.

Hiring talented employees in a short span is not an easy task. Partnering with an Employer of Record (EOR) like Rivermate in North-Korea is your best option, giving your organization enough time to focus on other aspects of international expansions like project management and inventory management. The EOR takes care of all the compliance and legal issues while helping you speed up hiring using their knowledge of domestic employment practices and virtual onboarding tools. Top EORs also have provisions for the e-signing of documents to enable faster onboarding.

3. Public holidays

4. Types of leave

There is no information about the types of leave for this country.

Paid time off

Public holidays

Sick days

Maternity leave

Paternity leave

Parental leave

Other leave

5. Employment termination

There is no information about employment information for this country.

Termination process

Notice period

Probation period

Severance pay

6. Working hours

There is no information about the working hours for this country.

General working schedule

Overtime

7. Minimum wage

There is no information about the minimum wage for this country.

The KIC Labor Law stipulates that North Korean workers must be paid a minimum of U.S $50 per month. Their hourly rate is $0.25.

8. Employee benefits

There is no information about the employee benefits for this country.

9. Taxes

There is no information about the taxes for this country.

Corporate tax

Companies in the North Korea are imposed a corporate tax rate of 25 percent.

Individual income tax

Individuals in the North Korea are subject to an income tax rate between 0 percent and 20 percent. The actual percentage depends on the income bracket the individual belongs to.

VAT, GST and sales tax

North Korea imposes a value-added tax (VAT) or a goods and sales tax (GST) which is currently set at 4 percent. Some goods and services are imposed a reduced rate of 2 percent.

10. VISA and work permits

There is no information about VISA and work permits for this country.

Each nation has a visa policy that governs who may enter the country. Visa-free travel may be given to holders of one country's passport, but not to holders of another country's passport. Because most visa rules are bilateral, it is not always the case that two nations would provide visa-free travel to their residents. For further information, you should look into North Korea's visa policies.

When it comes to visa laws across countries, there are no hard and fast rules. However, some typical considerations include diplomatic links with the other nation, illegal immigration trends, and cost and tourist concerns.

The Democratic People's Republic of Korea (DPRC) is one of the world's most closed nations. Every year, between 4,000 and 6,000 tourists visit North Korea. Many people are unaware that you may get a visa to North Korea. North Korean visas are easy to get via tours, although the North Korean visa procedure is strict.

Except for South Korean passport holders, all nations may get a North Korean tourist visa. Similarly, Malaysian and American passport holders are presently barred from traveling to North Korea by their respective governments.

Professional journalists are not permitted to enter North Korea on tourist visas. Previously, only rare events and other extraordinary situations permitted journalists to visit the DPRK. Please contact Tours if you are interested in working as a photographer or media worker. You can only visit North Korea for tourism if you have a tourist visa.

Ordinary Chinese people who want to visit Tongrim County as tourists may do so with simply their Chinese ID card for up to two days.

Outsiders who want to visit North Korea must be either tourists or diplomats. North Korea's visa policy is quite strict and focused on a few issues. It restricts tourist activities in order to expand what people can see and hear inside its boundaries.

You must submit your passport and get a North Korea visa in order to enter North Korea. You will be given three immigration forms to complete before boarding your aircraft or train. Tourists are confined to a tiny number of individuals every year, and their stay is just a few days. You must go through a rigorous application procedure in order to get a visa. You will be going with a group of other people and will only have one entrance visa. According to North Korea visa regulations, a solitary visitor cannot enter the country.

An application form must be completed, and all required papers, such as your passport and medical certificate, must be supplied. If you are granted a visa after paying the application cost, you will be notified by the authorities.

11. Employer Of Record service terms

There is no information about the Employer of Record (EoR) service terms for this country.

Employment contracts

There is currently no information regarding service terms in North Korea.

With Rivermate being your Employer of Record (EoR) in North-Korea, you do not have to worry about the employment contracts, as we take care of that.

Minimum assignment length

There is currently no information regarding service terms in North Korea.

Payment currency

North Korean Won (KPW)

United States Dollar (USD)

Japanese Yen (JPY)

Chinese Yuan (CNY)

13.Opening a subsidiary in North-Korea

There is no information about the working hours for this country.

How to set up a subsidiary

Subsidiary laws

13. Why choose Rivermate as your Employer of Record / PEO in North-Korea

Establishing an entity in North-Korea to hire a team takes time, money, and effort. The labor law in North-Korea has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into North-Korea simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in North-Korea give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in North-Korea via our Employer of Record (EOR) / PEO solution.

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