FTC EOR (Employer of Record)
FTC provides EOR services in Colombia in a safely and trusty manner.
FTC hires and onboard employees for your operation in Colombia, without the incorporation of a legal entity. For this, FTC uses its payroll, tax and compliance solutions and its in-house infrastructure and in-house legal team.
You do not have to worry about the payroll in Colombia, as FTC will handle the engagement, the elaboration of labour contracts, the payment of the salaries/social security contributions and social benefits, terminations, etc., on your behalf, in compliance with the Colombian regulations.
FTC can help you with:
- Assisting to elect the appropriate type of labour contracts.
- In-house expert guidance.
- Compliance with Colombian labour regulations (notice periods, trail periods, processing the payroll, leave, public holidays/time off/expenses, vacations/holidays, overtime policies, benefits, termination practices).
- Actionable regulatory updates regarding the latest and upcoming regulatory changes, including wages, pension, leave changes and other updates.
- Manage your team with FTC:
- Onboarding employees in Colombia.
- Keeping employee’s documentation with FTC.
- Timely complying with the payroll, including the payment of salaries and payroll taxes (social security contributions and withholding taxes).
- Offboarding employees in Colombia. FTC shall prepare the calculations of the final payments according to the termination date.
Please, fill out the below and will respond as soon as possible:
Frequently Asked Questions (“FAQs”)
1. What’s a FTC employer of record (“EOR”)?
It’s an organization that hires, employs and pays the employees/persons on your behalf. Without the incorporation of a Colombian entity, our EOR services allow you to hire employees in compliance with the domestic regulations.
If you are a US-based company looking to employee personnel in Colombia, you can do that through FTC without incorporating a legal entity in Colombia, following the local commercial and labour regulations, and thus, expand your operations internationally.
2. How does FTC EOR relationship work?
FTC takes over the role of legal employer of the local personnel you want to engage in Colombia. Therefore, FTC, as EOR, will conclude labour contracts with the personnel, according to your instructions.
However, you, as client, will maintain control over the conditions and requirements of the employment relationship, including functions, tasks, assessing job performance; while FTC EOR keeps the legal responsibilities for your workforce in Colombia.
3. What are EOR services?
- Assisting to elect the appropriate type of labour contracts with the intellectual property protection.
- Onboarding and offboarding.
- In-house expert guidance.
- Compliance with Colombian labour regulations (notice periods, trail periods, processing the payroll, leave, public holidays/time off/expenses, vacations/holidays, overtime policies, benefits, termination practices).
4. How is the onboarding process?
FTC will inform you and the future employee about the documentation required for the labour engagement of the employee along with the draft of the labour agreement. Once the information is collected, FTC will proceed with conclusion of the labour agreement with the employee on your behalf.
Further, FTC will assist you in relation to the onboarding process.
5. How does FTC EOR comply with the labour social security contributions and social benefits.
According to the Colombian Labour Law, employees are entitled to the following social security contributions and labour social benefits:
Monthly legal minimum wage in force in 2025 COP$1,423,500 + transportation subsidy COP$200,000 TOTAL: COP 1,623,500 (374 USD/COP$4,000 exchange rate).
* Article 114-1 of the Tax Code.
FTC shall comply with the payment of the social security contributions and social benefits, according to each type of labour agreements.
Furthermore, in case that the client desires to grant or provide extra-labour benefits, FTC will comply with them as well.
6. How is the termination and severance in Colombia?
The configuration of the termination and severance in Colombia relies on how the labour relationship is finished i.e., with just or without just cause. Either case, FTC shall walk you through each process, following the Colombian regulations.
7. How does FTC EOR deal with IP?
In this case, IP is protected by using intellectual protection clauses into our labour contracts, securing that all IP is allocated in your hands.
8. Pricing of the FTC EOR:
Hire and manage employees in Colombia for USD$300 per employee per month.
