What is a deposit?

A deposit is a refundable amount you pay when you hire through our Employer of Record (EOR) plan. It equals the employee's one-month gross salary plus 20%. For example, a gross salary of 2,000 gives a deposit of 2,400. We hold it as security while the employment runs, and return any remaining balance once the employment has ended and all final invoices are settled.

• A deposit is required for each EOR hire.
• The deposit invoice is sent at the start of the hiring process, and onboarding can proceed once it's paid.
• Your deposit balance is available under Wallet > Deposits.