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If you are interested in hiring a remote team in Antigua and Barbuda, or even just individual remote employees in Antigua and Barbuda, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Antigua and Barbuda payroll solutions. As a Antigua and Barbuda payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Antigua and Barbuda. We are confident Rivermate’s payroll solutions Antigua and Barbuda will help you grow as a business—because now, you won’t have to worry about your payroll solutions Antigua and Barbuda. We take care of everything payroll!
With Rivermate, you can run Antigua and Barbuda payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Antigua and Barbuda payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Antigua and Barbuda is widely regarded as a tax haven due to its advantages for international business corporations, including tax exemptions in certain circumstances. A recent amendment to the law code mandates a flat-rate tax of 25% on all businesses, but you may be eligible for tax breaks if you establish your business in the region.
However, you are responsible for covering employees' monthly Social Security payments. Social security contributions are currently increasing from 7% to 9% of an employee's monthly salary. The target for 2021 was set at 8%. It began increasing at 0.25 percent per year in 2018 and is expected to reach 9 percent by 2025.
In terms of payroll management, businesses expanding internationally have several options that may meet their needs. The following are some of your company's Antigua and Barbuda payroll options:
Payroll management for local employees is made possible by establishing a business entity in the country. If you choose this option, keep in mind that you will be responsible for the entire business and that managing payroll through a subsidiary will require significant resources. Subsidiary setup can also be costly and time-consuming, so plan ahead of time.
Internal payroll processing: If you want to manage payroll under your parent company, it may be possible to include Antigua and Barbuda employees under your internal payroll. While this option may reduce transaction costs, your company will be exposed to significant financial risk. You'll also need to commit resources and labor to the task.
Payroll processing company in Antigua and Barbuda: You can hire a local company to process your company's payroll and administer remunerations for in-country employees. However, these entities typically charge exorbitant fees for their services, and your company will be held liable for any mistakes they make.
Global EOR: You can get Antigua and Barbuda payroll outsourcing from an Employer of Record (EOR) like Rivermate to manage your company's needs. We can manage the payroll of your local employees on a single platform. We'll hire your employees through our existing entity, allowing you to get the skills you need while we bear the financial risk.
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Antigua and Barbuda can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Antigua and Barbuda have different ways of managing payroll. However, most of the options you have for running payroll in Antigua and Barbuda are either expensive or require establishing a subsidiary in Antigua and Barbuda. The cheapest, most efficient, and most reliable payroll processing system in Antigua and Barbuda is by outsourcing payroll to Employers of Record (EOR) in Antigua and Barbuda. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Antigua and Barbuda. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Antigua and Barbuda. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Antigua and Barbuda.
This information is currently available on Rivermate. Book a call with us to learn more about our EOR services in Antigua and Barbuda.
Antigua and Barbuda's minimum wage is $8.20 in East Caribbean Dollars, or $3.03 per hour in US dollars. Market standards for roles in your company's field can vary significantly depending on location, industry, and position.
Performance-based bonuses are common but not required.
Employees should work an average of eight hours per day and 48 hours per week. Employees should not work more than 12 hours per day or 72 hours per week, except in exceptional circumstances. Additionally, employees should receive a minimum of 24 hours of rest every seven days.
Antigua and Barbuda labor regulations require businesses to pay 3.5 percent of each employee's salary to the Medical Benefits Scheme for health care services for workers under the age of 60. The proportion provided by workers over the age of 60, on the other hand, varies from time to time but is usually equal to 3.5 percent. Medical Benefits Scheme Field Officers have the authority to visit any company at any time to check compliance or examine records.
Employers must additionally contribute 8% of their monthly salary to the Social Security program. Employees make up 6% of the total.
There are no legal obligations for companies to give incentives, but firms may include them in their benefits package to attract more applicants.