The risks associated with international expansion are many. From misunderstood local labor requirements to the chance that your product or service may not immediately take off, complications are likely to occur. Doing everything to avoid unnecessary problems, and knowing you are covered from any legal issues, will give you the edge you need to succeed.
A PEO and EOR services provider takes care of all of your HR outsourcing needs with one simple monthly fee. A PEO services provider ensures there is no risk of incurring fines or penalties from misunderstood compliance issues and an average reduced rate of turnover of 10-14% below other companies. By outsourcing your HR, you can save on numerous potential fines or penalties during an already potentially tricky period.
Working with a professional PEO and EOR services provider means you can automate and outsource many of the most complex and time-consuming elements of compliance assurance and HR operations involved in managing overseas employees. Every operation outsourced is time that your employees can spend on your business goals.
Even with a team of specialists working on company incorporation in a new market, following local procedures for company setup and assuring compliance with all aspects of local regulation is a long-term concern. INS Global’s PEO and EOR services allow you to enter a new market in a matter of days as opposed to the months it can take to properly establish a new entity.
Managing payroll operations for a large enterprise is a costly process involving multiple employees or even teams even when your business remains in one country. INS Global’s payroll outsourcing services ensure you don’t have to worry about the added workload and overheads involved in establishing an entirely separate workflow for your overseas agents.
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.
Their flexibility and ability to understand the specifications of the market are impressive
We were looking for ways to expand our operations in Taiwan and Singapore. Through INS Global we avoided the most complicated aspects of our plans.
We needed a cost-effective solution to meet our Asian expansion needs. INS Global provided a personalized service that helped us to simplify our expansion to South Korea with ideal recruitment candidates.
We really liked the recruitment process. They helped us find the ideal candidate in our most challenging market and their experts were quick to help us find wireless engineers in South Korea.
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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