The term PERMANENT TRANSFER refers to a modification of the actual contractual conditions which results in a transformation from the status of Home Company employee to local Host Company Employee, through the termination of the existing working relationship with the previous Home Company and the start of a new employment contract with the foreign Hiring Company.

The term PERMANENT TRANSFER refers to a modification of the actual contractual conditions which results in a transformation from the status of Home Company employee to local Host Company Employee, through the termination of the existing working relationship with the previous Home Company and the start of a new employment contract with the foreign Hiring Company.