Micronesia
Remote's Micronesia employment guide will guide you through your compliance responsibilities. Note that Remote's employer of record services are not yet live in Micronesia. but you can pay contractors with Remote now.
- Capital City
Palikir
- Currency
United States Dollar ($, USD)
- Languages
English
- Population size
104,468
Facts & Stats
- Capital City
Palikir
- Currency
United States Dollar ($, USD)
- Languages
English
- Population size
104,468
- Ease of doing business
Below average
- Cost of living index
N/A
- Payroll frequency
N/A
- VAT - standard rate
3-5%
- GDP - real growth rate
0.2 (2018)
Grow your team in Micronesia with Remote
You can pay contractors now in Micronesia with Remote in some currencies (talk to a Remote expert now for more details).
Note that we are busy developing our EOR product to legally operate in Micronesia and provide you with the best possible experience for your team, but we are not yet ready to employ in Micronesia.
Companies hiring in Micronesia are typically required to either own a legal entity in the country or work with a global employment solutions provider to employ on the company's behalf. Developing the processes required to manage payroll, benefits, taxes, and onboarding in countries like Micronesia can get complicated fast, especially without localized expertise. If you’re looking to start hiring in a country like this, using a global HR platform like Remote makes it easy to hire workers in full compliance with all local legislation. In the countries where we do offer our Employer of Record product, Remote takes on responsibility for compliance so you can focus on hiring great talent and growing your business.
Risks of misclassification
Micronesia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Micronesia may lead to fines and penalties for the offending company.
Effortless HR Micronesia: Take the Tour
Competitive benefits package in Micronesia
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.
Although we don't yet have our own legal entity in Micronesia, our benefits packages for all countries are tailored to fulfill the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Transparent Pricing in Micronesia
Contractor Management
$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with international contractors
Create, edit, and sign tailored, localized contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
$29
per employee/month
Top features
Powerful, transparent international payroll
Simple self-service platform
Personalized support from dedicated specialists
Adhere to local payroll regulations in every country
Integrated payroll, expense management, and HRIS solution
HRIS
$18
per employee/month
Top features
Guided onboarding and offboarding
Employee profile and document management
Contract templates and e-signing
Time off and time tracking
Expense management
Employee and manager self-serve experience
Mobile app