Biz Brokers Kenya is your trusted partner in providing solutions to your hiring and managing of employees in Kenya. Our Employer of Record (EOR) services provide a compliant solution for businesses looking to expand their operations into the Kenyan market without the hassle of setting up a local entity

What is EOR in the Kenyan context?

An Employer of Record (EOR) is a third-party organization that manages the formal employment responsibilities for foreign based organizations wanting to hire employees in Kenya By partnering with an EOR, organizations and businesses can employ workers in Kenya, handling all aspects of employment including payroll, compliance documentation, and administrative functions.

How Our EOR Services Work

When you partner with Biz Brokers Kenya, we act as the official employer for your staff in Kenya. This means we handle all the local employment compliance while you retain control over the day-to-day management and direction of your employees. You can focus on driving your business forward while we ensure full compliance with Kenyan regulations.

Benefits of Using Biz Brokers Kenya EOR Services

1. Speed: Avoid the lengthy process of setting up a local entity. Our EOR services allow you to hire and on-board talent within days.
2. Cost Reduction: Save on the costs associated with establishing and maintaining a local entity, including legal fees and compliance filings.
3. Compliance Oversight: We ensure all employment practices adhere to local laws, mitigating risks and avoiding legal penalties.

Our Comprehensive EOR Solutions

Our EOR services cover every aspect of employment in Kenya, ensuring a hassle-free experience for your business:

• Employment Contracts: Drafting compliant employment contracts in English, clearly outlining all terms and conditions.
• Payroll Processing: Efficient and accurate payroll management, ensuring timely payment to your employees.
• Statutory Deductions: Handling all mandatory deductions including NSSF, NHIF, PAYE, and more.
• Tax Administration: Managing tax compliance and reporting requirements, so you don’t have to worry about navigating complex tax laws.
• Visa and Work Permit Processing: Assistance with obtaining and renewing necessary work permits and visas for foreign employees.
• Relocation Support: Comprehensive support for expatriate employees, including housing and logistical assistance.

Why Choose Biz Brokers Kenya?

• Local Expertise: Our in-depth knowledge of Kenyan labor laws and regulations ensures full compliance and smooth operations.
• Cost Efficiency: Our services are designed to reduce your administrative and operational costs, allowing you to focus on core business activities.
• Risk Mitigation: We take on the legal risks associated with employment, providing you peace of mind and reducing potential liabilities.

Factors Influencing EOR Costs

• EOR Setup: This one-time fee covers the cost of contract preparation, employee on boarding, and payroll profile setup.
• Refundable Security Deposit: To ensure compliance, EOR providers often require an initial deposit equivalent to the employee's notice period pay. This deposit is refunded upon the termination of the employment contract, once all dues are settled.
• Employee’s Salary and Additional Liabilities: Employers must pay the employee's salary and any local employer costs, such as social security and unemployment insurance. EORs handle these payments, ensuring compliance with local laws.
• Supplementary Employee Benefits: Some countries require employers to provide mandatory benefits. EORs can also manage supplementary benefits to remain competitive in attracting talent.
• EOR Service Fee: EORs charge a service fee on top of the setup fee. This fee varies based on the provider and the employee's salary. It's important to clarify all factors contributing to the final billing with the EOR provider.
• Currency Exchange Fees: EORs help businesses manage currency fluctuations and ensure employees are paid accurately worldwide.

EOR vs. Local Entity in Kenya – Cost-Benefit Comparison

• Time Required: Setting up a local entity can take 2-6 months, while EOR services can be set up in as little as three days.
• Capital Requirement: Setting up a local entity involves significant capital outlay for registration, compliance, and other legal fees. EOR services, by contrast, involve a one-time setup fee and ongoing service fees.
• Legal Compliance: Local entities must align with various employment laws and regulations, which can be complex and time-consuming. EORs handle full compliance, reducing the risk for employers.
• Taxation: Local entities must navigate various taxes, including income, property, and profit taxes. EOR service fees typically include all relevant taxes, simplifying the financial management for businesses.

Get Started with Biz Brokers Kenya

Expanding your business into Kenya has never been easier. With Biz Brokers Kenya's EOR services, you can quickly and efficiently hire the best talent while ensuring full compliance with local laws. Contact us today to learn more about how we can support your business growth in Kenya.