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
With INS Global you can enter new markets faster, easier, and with greater legal security. Expanding into a new foreign country can be challenging, and you may face setbacks if you try to manage the processes on your own. Partnering with INS Global gives you immediate access to a team of specialized experts who are available to offer counsel and solutions at all times.
Having an Employer of Record (EOR) in Serbia allows you to set up quickly and begin operations without a long wait time. With an EOR you can recruit local talent and ensure timely payroll for all your employees while remaining compliant with local labor laws.
An EOR is not unlike a Professional Employer Organization (PEO), which is another kind of organization that handles HR services and other administrative tasks. A PEO partner acts as the legal entity through which you can bring staff over and enter the Serbian market unhindered by obstacles.
Entering a new market comes a new set of labor and employment laws to adhere to. Instead of worrying about making compliance errors and receiving heavy fines, a PEO can make sure that you and all your employees are legally secure.
A PEO handles every aspect of recruitment, payroll, and HR services so that you don’t have to outsource those tasks to multiple providers.
Expanding with company incorporation can take up to a year before operations are running smoothly. A PEO can have you set up in just a few days.
When you partner with a PEO, you’ll find that you don’t have to waste time managing every aspect of administration. Instead, you can invest your energy towards progressing closer to your target goals.
With a single point of contact you can have all the support you need for smooth global expansion.
Company incorporation typically involves setting up a separate branch or subsidiary of the company. This involves registration, obtaining licenses, and many other time-consuming steps. A PEO cuts through all that red tape by acting as the legal entity so that you can bring staff over and start operating in the new market speedily and securely.
With a PEO you also have the advantage of:
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 has a simple time-tested four step plan to bring your expansion goals to life:
Even though a PEO and EOR offer similar services, there are some crucial differences that set them apart. Before you decide which one to partner with it’s important to understand how each service works so that you can pick the one that’s best suited for your needs.
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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