Remote, a leader in global remote employment solutions, has introduced Remote Contractor of Record, a new platform designed to streamline international contractor engagement and payments. This offering allows businesses to hire and pay global contractors without the complexities of administration, compliance risks, or misclassification issues.
With 40% of companies hiring international contractors, managing cross-border payments, tax compliance, and worker classification has become increasingly complex. Companies face risks such as:
- Misclassification penalties, legal liabilities, and back taxes.
- Administrative overhead from varying labor laws and payment processes.
- Delays in payment processing across different currencies.
Remote Contractor of Record eliminates these challenges by acting as the legal employer of contractors, ensuring smooth onboarding, invoicing, tax compliance, and timely payments.
Key Features of Remote Contractor of Record
- Compliance & Risk Management: Handles misclassification assessments and provides uncapped indemnity coverage for legal protection.
- Seamless Payment Processing: Supports payments in over 70 currencies, including stablecoins, offering flexibility in contractor compensation.
- Automated Onboarding & Invoicing: Simplifies contractor management with one-click approvals and compliant contracts.
- Remote Contractor Management: Enables companies to onboard, manage, and pay contractors globally with automated processes.
- Remote Contractor Management Plus: Adds advanced misclassification risk protection, including up to $1M indemnity coverage for compliance security.
“Contractors offer businesses unparalleled flexibility and access to specialized skills, but managing them across borders introduces unique challenges,” said Job van der Voort, CEO of Remote. “With Remote Contractor of Record, we make it simple for companies to engage this class of talent effectively and confidently, allowing them to build agile, diverse teams.”
Remote Contractor of Record is a game-changer for companies managing international contract talent, ensuring compliance, scalability, and streamlined payments. By removing administrative burdens, businesses can now focus on growth while staying legally protected.
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Public relations, investor relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented NX network. Business Wire’s global newsrooms are available to meet the needs of communications professionals and news media worldwide.
