UPDATED 10:17 EDT / OCTOBER 29 2010

Nair: Handling The Complexities Of A Global Business

Nair & Co has built a thriving business in offering services that handle the incredible complexities of employing staff in different countries. This Silicon Valley headquartered company works with local tech companies to manage the HR functions, and the many tax and regulatory issues governing employees abroad.image

I met with founder Shan Nair. Here are some notes from our conversation:

– We make it possible for companies to focus on their core business rather than having to deal with the myriad details you have to know about before employing people in other countries.

– There is an incredible amount of work that has to be done before you employ anyone. Each country has different payroll taxes, employment laws, and other regulations.

– We provide the HR and accounting functions so you don’t have to. Employees overseas feel better taken care of, and we answer any questions they have in their time zone. Also, we know how best to terminate employment, how to transfer employees between overseas offices, and all the other HR issues.

– We have an R&D team that constantly checks into changes in employment laws, taxes, etc. For example, did you know that the Chinese government made a change earlier this year that if you are doing R&D in China, unless you have a specific agreement, your employee owns the R&D work. Also, the UK has made changes in its laws that provide a tax incentive if you base your Asia-Pac holding company in the UK because of tax agreements the UK has with Asia-Pac countries.

 

[Cross-posted at Silicon Valley Watcher]


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