Expanding a business globally can be a great way to access new markets and increase revenue. However, setting up legal entities in each new jurisdiction can be time-consuming and expensive. Moreover, it can take months or even years to establish legal entities, and they may not be necessary if a business is just testing the waters in a new market. As a result, more and more businesses are turning to Global Employer of Record (EOR) solutions as an alternative to establishing legal entities. A Global Employer of Record is an option that allows you to skip all of that hassle. The Global Employer of Record (EOR) is a talent engagement model that offers a potential solution for companies looking to expand globally. A Global EOR can help companies manage their tax and employment obligations without having to set up legal entities all over the world. They offer flexibility with respect to employment law and compensation structures while providing compliance documentation to help with any audits or inquiries from local authorities. They allow businesses to manage their HR needs across borders with ease. Let's explore the advantages of choosing a Global EOR provider as an alternative way to expand into new markets VS entity setup. Download our free White-paper to learn more.
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