Are you looking to hire high-quality, independent contractors for your international projects? Are you interested in the advantages of flexible and experienced specialists but are concerned about staying compliant will international labor laws and regulations?
Hiring international contractors to provide key skills and services for your company is a beneficial but potentially complex prospect. You need to ensure that you can quickly hire and manage your contractors efficiently while minimizing any potential risk.
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.
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.