- Challenges for entity creation: Creating entities, such as businesses or subsidiaries, in foreign countries can be a complex and challenging process. Some of the key challenges associated with expanding into foreign markets include Complexity of registration process and need for required documents, Legal, Tax, Labor and Regulatory Compliance, Financial investment for registration and operational cost, variability of timeline for each jurisdiction to complete registration, payroll and bank account implementation, HR and Payroll support, local currency payments, and your investment of your personal time on the project.
- Need for speed to support fast growth: Your team has found great candidate for a key position and want to extend a job offer and hier them quickly. EORs can hire who you want, when you want and where you want within as little as 30 days.
- Temporary or bridge solution: Registration is taking longer than expected, risk losing the candidate or payroll implementation timeline 3-6 months. Employer of Records is the ideal bridge solution to hire the employee and then transition to your local payroll.
