Expatriate Personnel:
A Payment Solution

The Kent Group offers expatriate employee and contractor payment services to human resource managers employing expatriate personnel worldwide.

Examples:

US Employers of non-American nationals working in a third country (example, a Britain working in Korea; a Colombian working in Ecuador etc.) can avoid acquisition of American Employment Rights by these non-American's.

British Employers of British contractors working abroad can avoid UK payroll "red tape" by virtue of Inland Revenue approved "exemptions". For example, employers are officially exempt from paying employers National Insurance contributions - a saving of time and money.

Offshore Incorporation: The Kent Group works in conjunction with Isle of Man Chartered Accountants and is thereby able to offer a wide range of incorporation, management and financial services that can be tailored to meet individual client needs.

Retirement and Other Long Term Saving Provision: The Kent Group recognizes that domestic pension law prevents continued contribution to domestic pensions, which become "frozen" or "paid up". At the same time it is also wholly inappropriate for globally mobile expatriates temporarily employed outside their country of ordinary residence to contribute to the country of temporary residence's domestic pension plans.

For example, a Britain working as a non-resident alien in the USA should not be placed on the US (401K) pension plan. In such a circumstance a retirement savings vehicle exists through an international carrier of world renown that offers a retirement savings plan, which mimics a United Kingdom "UK" pension and complies with Inland Revenue concessions for offshore pensions. Corporate and individual plans are available, which are fully portable and enable up to 100% of benefits to be taken in the UK tax-free.

Alternatively, expatriate personnel might want to save for their children's education or other capital expenditure.

Therefore, The Kent Group can arrange suitable and appropriate international retirement or other savings provisions, on an individual or group basis, with or without employer contribution - and effect payment, with deductions without domestic payroll.

 

Copyright 2008 The Kent Group. All rights reserved.