A new partnership between global payroll and HR company Deel and equity platform Carta makes it easier for Swedish companies to let employees around the world exercise their stock options.
“This makes global ownership an opportunity for everyone,” says Daniel Eisenberg, Sweden manager for Share.
As more companies hire internationally, managing shares for employees in different countries has become more challenging. The collaboration combines Deel's global payroll capabilities with Carta's share management to create a solution that simplifies tax calculations, payments and compliance with local tax regulations. This saves time and reduces hassle for both employees and companies.
– This makes global ownership an opportunity for everyone and helps companies around the world create more engaged teams, says Daniel Eisenberg, Sweden Manager for Deel.
Companies using Carta and Deel can now automatically sync stock events across the platforms. When employees exercise their options, Deel logs the transactions, calculates local taxes, and handles payments for local authorities.
Employees can now also pay for their option exercises in their home country's currencies, which solves a common problem with delays when different currencies are used.
– Our partnership provides business the ability to safely offer global shares to their international team members, which is particularly interesting for companies that are scaling up or growing internationally, says Daniel Eisenberg.
The partnership and integration are part of Deel's work to provide companies with effective tool to manage a global workforce, simplify share administration, and make it easier for global teams to manage their total compensation.
Companies using Carta and Deel can now enable Carta integration in their Deel accounts to automate their global share tax deductions.
About Deel
Deel is an all-in-one HR platform for global teams. It helps companies simplify every aspect of managing employees, from onboarding, compliance and performance management to global payroll, HRIS and migration services. Deel works for freelancers and full-time employees in more than 150 countries, in compliance with applicable laws. And getting started takes just minutes. For more information, visit Deel.com.
About Carta
Carta is a platform that helps people manage stocks, build businesses, and invest in the companies of tomorrow. Our mission is to unlock the power of stock ownership for more people in more places. Carta manages nearly $3 trillion in stocks globally. The company is trusted by more than 40,000 companies, over 7,000 funds and SPVs, and over two billion shareholders to manage ownership tables, compensation, valuations, liquidity, and more. For more information, visit carta.com
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