IPO’s and Utilization of Global Project-based Workers Outside the U.S.

Engaging Project-based Workers Outside the U.S.

Louis B. Calamaras CCWP, Director Global Client Solutions, CXC Global North America

“When beginning an IPO, no matter global exchange listing, local governance requires that companies who utilize a global population of project-based workers maintain compliance within the contractors residing country.  That means the contractor needs to be paid in local currency, EOR or AOR must be a registered entity in the country, and the local entity must provide and submit all tax reporting and depending on the worker classification, withhold pay local statutory costs.  IPO delays are common however can be avoided with a trusted global adviser ensuring international contingent workforce compliance outside of the US.” Louis B. Calamaras, CCWP, Director Global Client Solutions.

Rovio CEO: Gaming companies new to the public market from CNBC.

Gaming firms are “quite new” to the stock market and are still learning “how the game needs to be played,” the chief executive of Rovio Entertainment said.

Shares of Espoo, Finland-based Rovio, which created the popular mobile game “Angry Birds” in 2009, debuted on the Helsinki Stock Exchange in October.

Last month, a profit warning from the company saw its share price cut by a third. The stock is currently almost 60 percent off a record high it hit in November.

 “It will take some time before we all understand how the game needs to be played when you’re a public company, so everybody is happy and gets comfortable with the fact that this is to some extent a volatile market as well,” Rovio CEO Kati Levoranta told CNBC in an interview on Monday.

“We are doing our best and we will try to do our best to make sure that we find the right balance with the markets as well.”

Click here to see the full article, posted on CNBC.com.

Please contact us to talk more about how CXC Global assists companies in over 70 countries to engage their global talent outside of the U.S. compliantly and in alignment with local laws.