Doing Business in Thailand
Well known for being a friendly and hospitable place, Thailand has made remarkable economic progress by moving from a lower-income to an upper-middle income country. Thailand has also experienced sustained growth and a massive decrease in poverty over the past 30 years, which is a clear sign of the continually improving investment opportunity it presents. If you are thinking of expanding your business to Thailand, while ensuring you remain compliant with all local regulations, INS Global has the solution for you.
Employer of Record in Thailand
An Employer of Record (EOR) or Professional Employment Organization (PEO) is an employment solution that is outsourced to a third party company, which enables foreign enterprises to operate and hire staff in Thailand. The PEO allows your company to begin operations without the need of setting up a separate legal entity, which can be costly and time consuming.
What A PEO Can Do for You
If your company is looking at expanding into a new territory, there are various considerations that need to be made. Whether your enterprise provides goods or services it is important that every aspect of the business is taken care of; operations, marketing, human resources and sales, all need equal attention in order to ensure the success of your business.
A PEO essentially takes care of all your human resource needs and allows you to focus on the other functions of your business, without the administrative headache. Our solution provides you with an entity through which you can operate your business, allows you to employ staff, assists with the onboarding of the staff and ensures the administrative part of payrolls is taken care of. The PEO solution is ideal for small and medium enterprises who wish to outsource their HR functions so they can focus on the other important aspects of their business.
The Advantages of Using a PEO in Thailand
There are various advantages a company will acquire when choosing to use a PEO:
- Access to Expertise – our team stays up to date with the local practices and regulations in Thailand.
- Compliance – our solution allows your enterprise to remain fully compliant with local laws.
- Fast Market Entry – our structure has already been setup, which allows your business to begin hiring staff in as little as 48 hours.
- Onboarding assistance – our team provides comprehensive onboarding assistance, throughout the onboarding process.
- Access to Benefits – by outsourcing this function your enterprise gains access to the benefits of a large HR department, for a much lower cost.
Our Global PEO Services
INS Global has a highly experienced team, who are able to provide the following additional services:
- Discussion of employment terms
- Preparation of employment contracts
- Calculation and administration of tax and payroll payments
- Maintain records of employees
As a trusted PEO partner in Thailand with more 14 years’ experience in Asia, INS Global has developed a strong understanding of what our clients want. As such, we are committed to delivering the best quality service, to all our partners. We believe that in Asia’s dynamic business climate, it is important for your enterprise to have a partner it can rely on, to ensure all its administrative needs are taken care of. Aside from our PEO service, INS Global offers a comprehensive range of other services such as Recruitment, invoicing and company incorporation. Contact us today and let our experts help simplify your expansion.