Testimonial
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
5/5
INS Global offers a streamlined solution when it comes to expanding your business on a global scale. Through collaboration with our experienced Employer of Record in The Bahamas, you can easily attract, hire, and manage employees without the necessity of establishing a local entity. This enables you to navigate the intricacies and costs associated with international expansion effectively.
Our EOR and PEO (Professional Employer Organization) services in The Bahamas provide a secure, efficient, and cost-effective solution for sourcing, employing, and managing local talent. With INS Global’s exceptional PEO services available in The Bahamas and more than 160 countries around the world, you can effortlessly oversee a diverse and international workforce from anywhere across the globe.
By assuming the role of the authorized employer, our dedicated Employer of Record (EOR) in The Bahamas takes full responsibility for all HR-related activities on your behalf. This streamlined process empowers you to expand your business within a week, effectively reducing both the time and expenses associated with growing your business overseas.
PEOs in The Bahamas have local experience and can help you find and manage staff internationally while also abiding by complex labor laws. This helps prevent costly fines and penalties.
Working with a local PEO allows you to expand abroad at a fraction of the cost. Working with a PEO in The Bahamas means that you don‘t have to set up a company there, reducing your overheads while expanding.
EORs take all the HR-related responsibilities off your shoulders so that you can focus on what really matters: your business. Partnering with a local PEO in The Bahamas empowers your business and staff to stay focused on your goals while we handle all the HR for you.
If you were to set up a new company abroad, the process can take anywhere from 4 to 12 months. Working with a PEO in The Bahamas streamlines the process and allows you to launch in a new market in less than a week.
INS Global offers you a way to manage your international workforce online. With a modern, cloud-based HR platform, you can keep track of your staff from anywhere in the world.
Establishing a new company takes time but also increases your overheads in the process. Working with an EOR in The Bahamas streamlines the entire market entry process and allows you to launch your operations at a fraction of the cost in less than a week.
Working with a Bahamian EOR…
Manuel Ramos
TERAO ASIA
Managing Director
We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately.
INS Global’s EOR in The Bahamas helps your company to expand in 4 simple steps:
When expanding abroad, you may be considering working with a PEO (Professional Employment Organization) or an EOR (Employer of Record) in The Bahamas. Here’s a quick look at the difference between these options:
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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.
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.
PEO services streamline your expansion plan, and the costs typically depend on a percentage of your employee’s salary.
Certainly, working with an Employer of Record in The Bahamas is a legal and efficient solution that streamlines your expansion plans while reducing costs.
Salaries are typically processed every month for full-time employees, while part-time workers may prefer weekly or bi-monthly payments. Employers are responsible for deducting taxes and social contributions.
With numerous direct and indirect costs, hiring in-house in The Bahamas can be expensive. INS Global simplifies and streamlines remote recruitment, hiring, and staff management, reducing the costs of managing an entire international workforce.
Absolutely, an Employer of Record in The Bahamas can recruit and hire employees from all regions, expanding your talent pool.
Modifications to employment contracts require mutual agreement. A Bahamian EOR ensures compliance with local labor laws.
Yes, employers in The Bahamas are responsible for deducting taxes and social contributions from employee salaries.
INS Global tailors its services to your specific needs, assisting you in recruiting and hiring as many employees as necessary for your expansion plans.
Termination costs vary depending on the circumstances. Employees who are eligible for severance pay typically get 2 weeks‘ salary for every year up to 24 weeks, or 1 month for each year up to 48 weeks for management positions.
In The Bahamas, you can hire employees for in-person and remote opportunities, ensuring cost efficiency during the market entry process.
Yes! Our recruitment experts possess extensive experience in hiring top talent globally. We provide comprehensive support in recruiting, hiring, and managing your workforce, regardless of your location.
The Bahamas observes 11 public holidays, and most employees are entitled to a paid day off. Working on these holidays usually involves a higher hourly rate set at 200% of the standard rate.
Employers must adhere to strict labor laws and regulations to avoid penalties and fines. Collaborating with an experienced EOR in The Bahamas ensures compliance during seamless expansion.
Certainly! INS Global facilitates the recruitment and management of a diverse workforce remotely, making hiring both Bahamian citizens and foreigners simple.
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