Why EOR service are preferred by companies instead of setting up local entities
This is an exciting opportunity for the business to expand into a new market but the task of creating a legal entity in a foreign land is both complicated, tiresome and costly. For this very reason, many companies have realized the benefits of EOR services as a better alternative. By utilizing EOR solutions, businesses do not have to go about setting up a local entity while being able to hire and manage employees globally. Benefits of having an EOR service It’s an exciting opportunity for companies which wish to expand globally. But it is not an easy task to set up a legal entity in another country, and this can be costly and time consuming cause extensive legal, financial and administrative work needed. And that’s where an EOR service is a desired service for a company looking to hire employees abroad without creating a local subsidiary. Mitigating Political and Economic Uncertainty For instance, expanding into a new market involves its risk...