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If you are interested in hiring a remote team in Maldives, or even just individual remote employees in Maldives, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Maldives payroll solutions. As a Maldives payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Maldives. We are confident Rivermate’s payroll solutions Maldives will help you grow as a business—because now, you won’t have to worry about your payroll solutions Maldives. We take care of everything payroll!
With Rivermate, you can run Maldives 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 Maldives 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.
Information on taxation rules in Maldives are currently unavailable.
Companies that wish to expand their operations globally have four different payroll options in Maldives. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Maldives. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Maldives payroll outsourcing: Outsourcing your payroll to an Employer of Record in Maldives, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
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 Maldives 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 Maldives have different ways of managing payroll. However, most of the options you have for running payroll in Maldives are either expensive or require establishing a subsidiary in Maldives. The cheapest, most efficient, and most reliable payroll processing system in Maldives is by outsourcing payroll to Employers of Record (EOR) in Maldives. 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 Maldives. 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 Maldives. 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 Maldives.
Employment contracts in the Maldives can be canceled by either the employer or the employee at the conclusion of the contract period (if the contract is for a specified time). Both the employer and the employee have the right to terminate an employment contract without giving notice during the probationary phase. Employers may fire an employee without cause if retaining the employee would be damaging to the employer or the workplace, or for wrongdoing such as theft, fraud, or breach of contract. Employers must provide notice prior to terminating an employment contract outside of the notice period and in the absence of misconduct.
For employees in the government sector, the minimum wage in the Maldives is currently 3,000 Maldivian rufiyaa per month.
The Maldives is well-known for its resorts, but there is currently no minimum wage for employees in that industry. Organizations and employees are fighting for a monthly minimum wage of 600 Maldivian rufiyaa.
In the Maldives, the standard work week is 48 hours with one day off per week, which is typically Friday. Employees cannot be required to work more than six consecutive days without receiving 24 consecutive hours of rest.
The Maldives features a health-care system that is open to all citizens.
There are presently 11 public holidays in the Maldives, and workers should be able to take those days off with compensation. Employees should be entitled to 30 days of paid annual leave after one year of service with your business.
Female workers may take up to 60 days of paid maternity leave if they obtain a medical certificate from a certified medical practitioner on the anticipated due date. The employee will not be able to take the leave until 30 days before the expected due date. If there is a problem or sickness after the delivery, the employee is entitled to an extra 28 days of leave. This additional leave needs a document from a qualified medical practitioner outlining the mother's or baby's health issues.