Company Incorporation | INS Global

Company Incorporation

What Is Company Incorporation?

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.

6 Advantages of Partnering With INS Global for Company Incorporation Guidance

Rapid Setup Time

INS Global utilizes local expertise and resources to ensure the best possible turnaround time to help you set up and begin operations. Our worldwide PEO and EOR services can also help you enter markets immediately while the incorporation process is ongoing.

Cost-Effective

By partnering with a professional service provider like INS Global, you avoid unnecessary steps or potential fines resulting from simple procedures mistakes. We streamline all of the steps into a straightforward process so you can immediately begin to make plans.

Tailored

Our global expansion specialists work with you to offer guidance and solutions to suit your specific needs. We understand the importance that companies place on international expansion. We work closely with you to ensure you are covered, whatever your requirements.

Compliance Assurance

INS Global’s team of legal experts has an in-depth understanding of different markets and company incorporation processes worldwide. We are here to guide you through the necessary regulatory procedures one step at a time and overcome any and all challenges you might face.

Expertise and Experience

For more than 15 years, INS Global has aided companies in over 80 countries achieve their global expansion goals. We have teams of specialists who can offer constant advice and guidance for any challenges associated with international company incorporation.

A Range of HR Support Options

INS Global can provide HR outsourcing services like payroll and benefits management worldwide. Once you’ve set up your new entity in your market of choice, INS Global can perform all necessary HR functions for you. At the same time, you can focus on setting up and growing your operations in the new market.

Rapid Setup Time

INS Global utilizes local expertise and resources to ensure the best possible turnaround time to help you set up and begin operations. Our worldwide PEO and EOR services can also help you enter markets immediately while the incorporation process is ongoing.

Cost-Effective

Whatever your industry, INS Global can provide you with contractors with the skills and expertise you need and then take care of every aspect of the hiring and management process.

Tailored

Our global expansion specialists work with you to offer guidance and solutions to suit your specific needs. We understand the importance that companies place on international expansion. We work closely with you to ensure you are covered, whatever your requirements.

Compliance Assurance

INS Global’s team of legal experts has an in-depth understanding of different markets and company incorporation processes worldwide. We are here to guide you through the necessary regulatory procedures one step at a time and overcome any and all challenges you might face.

Expertise and Experience

For more than 15 years, INS Global has aided companies in over 80 countries achieve their global expansion goals. We have teams of specialists who can offer constant advice and guidance for any challenges associated with international company incorporation.

A Range of HR Support Options

INS Global can provide HR outsourcing services like payroll and benefits management worldwide. Once you’ve set up your new entity in your market of choice, INS Global can perform all necessary HR functions for you. At the same time, you can focus on setting up and growing your operations in the new market.

PEO or Company Incorporation: Which is Better For Your Business?

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.

The steps required for company incorporation in many countries can be drawn-out and arduous, requiring months to complete. Running a legal entity will also likely entail constant supervision and management of new processes. If you need to downsize or close down the corporation, it can often be just as time-consuming or expensive as setting it up.

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.

Why Start Your Operations With a PEO?

Partnering with an international PEO provider gives you access to all of the services you need to operate in the market of your choice while remaining flexible and cost-effective.

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.

Streamline Overseas Onboarding With INS Global

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.

FAQs

No, it is necessary to use a local entity abroad to comply with each country labor law.

Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.

The employer of record is the legal entity liable for the staff employed in a specific country. In practice, a foreign company can either open a subsidiary to become the employer of record of its abroad employees or use a PEO to act as the employer of record.

Liabilities may vary from country to country and include all the staff management responsibilities: labor contract issues, payroll management, and tax compliance, social security management, expenses claim declaration, hiring and termination
procedures, etc.

In general, 1-month is necessary to have an employee based out abroad using an existing PEO as the employe of record. When incorporating a new subsidiary to be the employer of record, the delay varies from 4-12 months.

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