Company incorporation is the act of forming or establishing a legal entity, known as a corporation, which is separate from the owner’s legal identity. This kind of entity can be created in almost every country worldwide to conduct business or trade. Incorporating a new seperate entity is the most obvious way to establish yourself and begin trading for companies wishing to operate in a foreign market.
However, unfamiliar local regulations can complicate this process, the steps required in many countries are long and complex,
and it’s often fraught with potential problems or pitfalls that can cost companies when they’re most vulnerable.
Company incorporation allows for the most significant degree of autonomy and control over your operations once you’ve completed setup. However, it also involves the entire range of responsibilities and complications that naturally follow such a complex process.
Instead, partnering with a PEO (Professional Employer Organization) or using the services of a global EOR (Employer of Record) can allow you operational flexibility without the associated costs. Read our breakdown here to read more about the advantages and disadvantages of company incorporation and PEO services.
A professional PEO services provider can manage your HR operations, hire or provide for your employees abroad on your behalf, and maintain complete regulatory compliance in potentially unfamiliar situations.
INS Global’s team of global expansion experts understand the complexities of international expansion. We know what it takes to hire, manage, and operate worldwide. Our global expansion services give you access to all of the tools and expertise you need to succeed in today’s demanding world. Contact our consultants today to learn more about the global expansion services we offer.
Every entity requires a lot of effort in terms of management as well as filing taxes. A PEO solution would simplify everything as INS Global would be taking over that time and effort.
Yes, we have global teams to support local entities after their incorporation.
From opening the bank account to all operations related to tax filing, bookkeeping, monthly reports, annual inspections, tax reconciliation, as well as preparing yearly budget plans adapted to your organization.
Payroll and recruitment will also be essential in order to have your team taken care of while you concentrate in your core business.
Yes, although every country has its own specificities, we have global Finance teams that will help to prepare corporate financial statements to make sure every entity is running in a compliant way.