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Employer of Record: How It Can Help Companies Planning To Expand Internationally

When you are a growing business and you have plans of gearing forward and expand, you most likely have in mind the processes or procedures that needs to be done, from hiring staff and the possibility of establishing a new corporate entity.

But then, there are countries now especially those in the Latin America side that allows a company to expand from an international country and does not need to establish a new corporate entity. This is because of the presence of an Employer of Record, or EOR, that functions as an independent organization that takes care of the legal responsibilities of employing your employees and all formal employment tasks in the country.

Employer of Record is going to be helpful in a way that it aids you in the complying with the employment, payroll, and work permit requirements being a non-resident company, and you get assistance in the regulatory and cost hurdles to employ workers in a remote location.

You are the original employer, but the Employer of Record is considered to be the registered employer of the employee but it is only limited on dealing with establishing the legal and regulatory requirements of immigration, employment, and payroll, but does not get involved in the daily operation of the work.

In general your HR or administrative department is being handled by the EOR and according to your kind of business you can choose an EOR in the likes of International Professional Employer Organization PEO, Foreign Subsidiary as a Service (FSaaS), Administrative Services Organization (ASO), and the Business Process Outsourcing (BPO). All of these types of Employer of Record are good, but you have to choose which type there is can be most useful and beneficial to the kind of business that you have and are operating on as well as your business needs and preferences.

Therefore, if you will sum it up, to get in contract with Employer of Record you will have an easy access to immigration compliance, ease of running payroll in the host country, and there will be no need for you to go for local incorporation which is all a good deal already.

True enough it is a challenge to be expanding, even if you have the resources, it can still be a daunting work, especially when you are considering international expansion, but then knowing that there is that Employer of Record that you can use to make it possible with ease, efficiency and that is cost-effective, then you will need to get a more detailed information to know what is the best option for you that will benefit entirely the business at all costs knowing it to be essential.

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