To be able to hire workers, employers are required in many countries to have a local entity, such as a foreign subsidiary. This can be a costly and time-consuming process, though. Fortunately, there is an alternative solution: EOR services.
EOR stands for Employer of Record, a service that acts as the legal employer of your workers on your behalf. By using EOR services, you can avoid the hassle of establishing a local presence and focus on your core business activities.
EOR services providers have expert knowledge and are acquainted with local employment regulations. They can ensure compliance while taking care of a wide scope of work of hiring workers in other countries, such as:
•Recruiting
•Labor contract
•Onboarding process (including business visa/work permit and residence card)
•Payrolling
•Health Insurance & Social Insurance
•Personal income tax (PIT) compliance
•Employee relation management