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
A global expansion partner like INS Global doesn’t just accelerate your market entry time, it also decreases the potential for errors and offers you expertise and support at every step of the way. INS Global has spent more than 15 years assisting companies of all sizes and across industries. Our team is fully equipped to handle any obstacles or challenges that might arise.
An Employer of Record (EOR) in Romania acts as a legal entity through which you can easily bring over staff to begin operations in the new market. An EOR can also help you find and recruit local talent so that you make strong connections with local businesses, cultures, and resources.
Another similar type of organization is a Professional Employer Organization (PEO). With a PEO you won’t have to worry about compliance issues or keeping up to date with local labor laws. A PEO will handle all aspects of payroll, taxation, and HR services so that you can focus on entering the Romanian market smoothly and quickly.
Employment contracts, payroll and tax withholding, hiring, and onboarding all require strict adherence to local labor laws. A PEO will make sure that the company and the employees are always legally secure.
Instead of trying to handle all the different legal and administrative processes on your own, a PEO can handle your needs with professionalism and speed. .
When recruitment, hiring, onboarding, contract management, and payroll are all being taken care of by a global expansion partner, you can focus on managing the tasks only you can do, such as market goals and leading the company to success.
Instead of waiting up to a year to begin with company incorporation, you can set up and start running operations in a new market in just a few days.
A PEO provides support and guidance for every aspect of global expansion, all through a single platform.
Setting up a new subsidiary or branch overseas involves handling all the required paperwork and processes on your own. This can take months or even a year, and if complications occur then your expansion plan will be delayed even further.
A PEO acts as your local legal entity so that you don’t have to establish a separate physical one in the target market. This allows you to bring over staff and hire new employees much faster.
A PEO also helps you to:
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.
With 4 simple steps, INS Global can help you enter the Romanian market smoothly and safely:
You may have noticed that PEO and EOR are frequently mentioned together. While they offer similar services, there are some distinctions that you should be aware of depending on the country you are based in.
Understanding how these organizations function is vital for you to make the right decision 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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