How can Remote support clients with their Employee Share Options Plan (ESOP)?

Article author
Nneka
  • Updated

While the responsibility of administering equity programs remains with the client, Remote provides support in the following ways:

  • Review of equity agreements for compliance: Our legal experts will review your agreements to ensure you can grant equity to people you’re engaging through Remote. Clients are responsible for working with their legal counsel to make any necessary adjustments to their agreements.
  • Help you understand each jurisdiction's tax rules before you hire: We can provide detailed information about the tax consequences of granting different types of equity incentives to your team members in every country where we operate. 
  • Ensure compliant reporting and withholding: There is a reporting and withholding obligation in almost every country. In most jurisdictions, the legal employer of record must report the applicable taxes, withhold them from the employee, and remit the withheld funds to the applicable tax authorities. In a few jurisdictions, the client may be responsible for reporting and/or withholding. We ensure that reporting and withholding are handled properly for taxable events. Note that when a taxable event occurs — for example, an employee in Brazil exercises their options — you should let us know right away by emailing help@remote.com so we can comply with local withholding and reporting obligations, and advise you on any actions you may need to take. 

 

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