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
Expanding to new markets doesn’t have to be a lengthy and complicated process. With a professional and reliable partner like INS Global you can enter Latvia quickly and confidently. INS Global has been helping companies reach their expansion goals for the past 15 years. Our staff are uniquely equipped to meet any challenges you might face and offer personalized solutions for every need.
Partnering with an Employer of Record (EOR) in Latvia allows you to easily hire and onboard local talent. An EOR takes care of recruitment, contract management, and more so that you can focus on reaching your market goals.
A Professional Employer Organization (PEO) is similar to an EOR. With a PEO you can bring over existing staff and set up smoothly in a new market without the risk of costly legal errors.
Understanding a foreign legal system is not easy, and any misunderstanding can lead to paying expensive fees and fines. A PEO will not only keep you legally secure, but will also make sure you implement any necessary changes as new laws or bills are passed.
Rather than having to train your staff to handle complex HR tasks, a PEO covers all administrative responsibilities with speed and professionalism.
Having a PEO handle payroll, taxes, and contract management gives you more time to explore the new market and make valuable business connections to further your expansion goals.
With traditional company incorporation you might have to wait a whole year before you can start operations. A PEO can have you set up in just a few days.
Instead of having to outsource to multiple services, you can have all your needs met on a single platform.
While company incorporation is a more traditional method of global expansion, it’s time-consuming and can have a much higher risk of non-compliance errors. A PEO acts as the legal entity through which you can expand to new markets. This cuts down the wait time and reduces the amount of paperwork you have to go through.
Other benefits of a PEO include:
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 uses a tried-and-proven four step plan to help realize your expansion dreams:
Although there are many similarities between the two services, a PEO and EOR are not identical. When you understand how they differ you can make an informed choice about which one to partner with.
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.
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