Did you know that an estimated 78% of companies hire remote talent from different countries around the world? Hiring talented men and women from emerging markets and economies like Uzbekistan around the world has proven to be an effective strategy to grow your business — but there are still many companies that debate the best method to make this dream a reality.
There are a few hiring options for companies that want to hire remote talent from around the world — work with an Employer of Record, establish a legal entity in the hiring country, work with a Professional Employer Organization, or hire stop-gap independent contractors. Each method has its merits, but for companies that want to grow and thrive, partnering with an employer of record has proven to be the best option for many hiring tech companies.
Tech companies interested in taking advantage of the many benefits of hiring in an emerging market like Uzbekistan may find the partner they need in Truss. Truss provides tech companies with an end-to-end global hiring platform and will serve as your global EOR in Uzbekistan, and help you hire without a local entity.
Contact Truss today for more information on our employer of record services in Uzbekistan!
READ MORE: How Uzbekistan Tech Salaries Compare to the U.S.
How a Global EOR Simplifies Hiring Remote Talent in Uzbekistan
When you compare partnering with global EOR providers to other hiring practices, like establishing a local entity, you will find that it is the simplest and most effective solution. Tech companies that partner with an employer of record will gain access to a deep, international talent pool in emerging markets where employment and overhead costs are much lower than here in the United States. Your company will also benefit from the legal protection provided by an employer of record when you have to navigate the challenges of local labor laws in a country like Uzbekistan.
Here is a better look at how a global EOR — like Truss — can simplify hiring remote talent in Uzbekistan and other countries in Central Asia:
Simplified Legal Compliance
When tech companies establish a legal entity in a foreign country, they need to ensure that your company and remote employees remain compliant with the local labor laws — which often involves establishing a legal team in that country. With an employer of record, you are protected from any potential compliance violations and fines. When you partner with an employer of record provider, the employer of record takes on the legal responsibility of ensuring your company remains in compliance with the local employment laws and protecting your best interests.
Tech companies hiring remote talent in Uzbekistan need to remain compliant with the strict Uzbekistan 2023 Labour Code. This labour code requires that companies have properly documented bilingual employment contracts in Uzbek and Russian, employees be registered with the State Tax Committee and the State Fund for Social Insurance, strict statutory leave entitlements are enforced, and strict overtime regulations are followed. A qualified employer of record in Uzbekistan will ensure your company follows these employment regulations to the letter.
Simplified Global Payroll and Taxes
Global payroll and tax regulations can be complicated with every country implementing different tax codes and payroll withholdings — but not with the right employer of record on your side. An employer of record will calculate gross-to-net salaries and monthly payroll paid in Uzbekistani Som (UZS) with the correct state social and pension deductions. Your employer of record will handle income tax registration, deduct the 12% Personal Income Tax from salaries, deduct the 12% social security contribution, and deduct the 0.10% pension fund from base salaries. With payroll and taxes overseen by your employer of record, you can stay focused on building a talented team and accomplishing your goals.
Simplified and Automated Onboarding
Did you know that the average onboarding process can take up to three months? When you add complex government portals and red tape to the equation in a foreign country, the onboarding process can be even more convoluted and confusing. Your employer of record in Uzbekistan will simplify and automate the process, shortening the length of the onboarding process from months to an estimated 10 – 14 days. With a faster onboarding process, your remote employees can hit the ground running and contribute to your project goals right out of the gate.
READ MORE: Armenia vs. Uzbekistan Emerging Markets for Your Remote Team
Why Is Truss the Right Choice for Your EOR in Uzbekistan?
Finding a global EOR in Uzbekistan to hire without a local entity creates a competitive advantage for U.S. tech companies looking to build a team of talented tech professionals efficiently and with lower costs.
Navigating the strict requirements and laws of the Uzbekistan labour code requires a partner that does much more than just manage software — but understands the local employment laws and workforce culture. While there are many platforms that use local third-party intermediaries that delay communication and lead to additional costs, Truss employs a direct, owned-entity with boots on the ground in Uzbekistan and Central Asia. With years of experience in Uzbekistan, Truss will serve as your legal safeguard, ensuring you maintain legal compliance, have proper employee contracts, and your intellectual property is protected.
When you choose Truss as your EOR in Uzbekistan, you gain access to an end-to-end global employment platform that minimizes the traditional onboarding timeline. We will work hard to shorten the time-to-hire and provide transparent pricing starting at just $499 per month per employee with no hidden fees. With our local knowledge and expertise, we can manage global payroll, manage employee benefits, and protect your company from long-term risks.
Contact Truss today to start building a talented remote team in Uzbekistan!
