What Is Pwc Global Mobility? And, More

PwC Global Mobility is a practice within PwC that provides a full range of services for governments deploying staff across international limits. This comprises strategic consulting advice, planning and compliance services, as well as programme administration.

PwC Global Mobility can assist organizations with the following:

Formalities when employing an expatriate: PwC can help organizations with the legal and regulatory requirements for employing an expatriate in a particular country. This includes obtaining a work permit or visa, as well as registering the employee with the local tax authorities.

Visa requirements: PwC can help organizations with the visa requirements for their employees and their families. This includes determining the type of visa that is required, as well as the application process.

Work permit requirements: PwC can help organizations with the work permit requirements for their employees. This includes determining the type of work permit that is required, as well as the application process.

Getting an e-Residence card for employees and family members: PwC can help organizations with the process of obtaining an e-Residence card for their employees and their families. This is a type of residency card that allows people to live and work in a particular country without having to obtain a visa or work permit.

Social Security implications and the necessary applications: PwC can help organizations with the social security implications of employing an expatriate. This includes determining which country's social security system applies to the employee, as well as the process for registering the employee with the relevant social security authorities.

Any other requirements, depending on your situation: PwC can also help organizations with any other requirements that they may have, depending on their specific situation.

PwC Global Mobility has a global network of professionals who are experts in the field of global mobility. They can help governments to navigate the complex legal, regulatory, and tax requirements of employing an expatriate. They can also help governments to develop and implement global mobility programs that are effective and efficient.

If you are an organization that is considering employing an expatriate, or if you are already employing expatriates, then PwC Global Mobility can help you to ensure that you are compliant with the relevant laws and regulations. They can also help you to develop and implement a global mobility program that meets your specific needs.

Has PwC sold its global mobility?

Yes, PwC sold its global mobility tax and migration services business to Clayton, Dubilier & Rice (CD&R) funds in October 2021. The transaction was completed in February 2022, and the business is now an independent company called Vialto Partners.

Vialto Partners has a global network of over 6,000 professionals who are experts in the field of global mobility. They provide a full range of services to organizations that deploy staff across international boundaries, including strategic consulting advice, preparation and compliance services, as well as programme administration.

The sale of PwC's global mobility business was part of a broader strategic shift by the company. PwC is focusing on its core businesses of audit, tax, and advisory services, and is selling off non-core businesses. The sale of the global mobility business is expected to generate $2.2 billion in proceeds for PwC.

Vialto Partners is well-positioned to succeed as an independent company. It has a strong team of experienced professionals, a universal network, and a track record of success. The company is well-placed to meet the growing needs of organizations that are managing a global workforce.

What is the new name for PwC Global Mobility?

The new name for PwC Global Mobility is Vialto Partners. The name Vialto was chosen to signify the ambition to help clients reach new heights in handling their global workforces. Vialto is derived from “via,” meaning a path forward, and “alto,” signaling altitude.

The sale of PwC's global mobility business to CD&R funds was completed in February 2022. Vialto Partners is now an independent company with a global network of over 6,000 professionals who are experts in the field of global mobility. They provide a full range of services to organizations that deploy staff across international boundaries, including strategic consulting advice, planning and compliance services, as well as programme administration.

Why did PwC sell global mobility?

PwC sold its global mobility business for a number of reasons.

To focus on its core businesses. PwC is a large and complex organization, and it has been under pressure to focus on its core businesses of audit, tax, and advisory services. The sale of the global mobility business will allow PwC to focus its resources on these core businesses and to invest in new growth areas.

To generate proceeds. The sale of the global mobility business is expected to generate $2.2 billion in proceeds for PwC. This money can be used to invest in other areas of the business, to pay down debt, or to return to shareholders.

To create a more focused and agile organization. By selling the global mobility business, PwC will be able to create a more focused and agile organization. This will allow the company to be more responsive to the needs of its clients and to compete more effectively in the marketplace.

The sale of PwC's global mobility business was a strategic decision that was made after careful consideration. The company believes that the sale will allow it to achieve its long-term goals and to better serve its clients.

Here are some additional reasons why PwC may have sold its global mobility business:

The global mobility market is becoming increasingly competitive.

The business is subject to complex and ever-changing regulations.

The business requires a significant investment in technology and infrastructure.

By selling the business, PwC may have been able to achieve a higher valuation than it would have been able to if it had remained a standalone business within PwC. Additionally, the sale may have allowed PwC to exit a business that was not a good fit for its long-term strategy.