How Climate-KIC navigated complex restructuring with Deel
$600k+
Operational costs saved
7
New legal entities set up
1.5
Months to complete the restructuring process
100+
Employees transitioned seamlessly
Industry
Environmental Services
Region
Europe and Middle East
Company Size
200-500
The Problem
The challenge of complex restructuring
Climate-KIC is dedicated to tackling climate change through innovative programs focused on energy efficiency and sustainable resource use.
In late 2024, Climate-KIC faced a major restructuring due to the transition to a multi- funds (including private funding) operating model. The process required:
- Registering new legal entities in seven countries
- Completing foreign employer registrations in five
- Activating payroll of all FER nelly set up entities by 1st January 2025 to meet a critical December 31st merger deadline
The tight timeline left little room to navigate the intricacies of tax registrations and social security processes.
"Activating payroll in multiple new legal entities within just one and a half months was a huge challenge, but Deel’s team made it possible." — Sarah Padurska, Regional Business Transformation & People Operations Partner, Climate-KIC.
The Solution
Deel’s expertise in entity setup
Deel played a pivotal role in Climate-KIC’s restructuring, offering end-to-end support in setting up new legal entities and simplifying payroll activation across multiple locations.
“The Deel team flagged risks we did not foresee, like permanent establishment and associated tax-related impacts. Their expertise gave us peace of mind throughout a very complex process.” — Sarah Padurska, Regional Business Transformation & People Operations Partner, Climate-KIC
Remarkably, Deel enabled Climate-KIC to complete the entire restructuring—including the smooth transition of over 100 employees—in just 1.5 months, outperforming the typical eight-week lead times.
“When selecting a partner for restructuring or setting up foreign entities, it’s essential they have local affiliates with solid tax expertise or strong internal tax competence. Deel offers both.” — Sarah Padurska, Regional Business Transformation & People Operations Partner, Climate-KIC
###Leveraging Deel for hiring talent
Climate-KIC continues to leverage Deel Employer of Record (EOR) and Deel Immigration to employ top talent in countries where they lack legal entities, such as Denmark, Norway, Luxembourg and Switzerland. `This flexibility allows them to focus on finding the best candidates for critical roles like strategic partnership managers and program orchestrators.
"Deel eliminates local compliance and payroll complexities, empowering us to hire our most strategic team members anywhere where we target to optimise our talent presence."
—Sarah Padurska,
Regional Business Transformation & People Operations Partner, Climate-KIC