So, your business is going from strength to strength and you’re now wanting to expand globally – but where to start? There’s lots to think about: you’ll need to employ locally in the country you’re expanding into, plus set up employee contracts, payroll, employee benefits, meanwhile adhering to new tax laws and they all require local knowledge to be compliant. It can be costly and time consuming to set up a subsidiary in another country and can take you away from your growing business.
A PEO (Professional Employment Organisation) can support your business by attending to your HR and Accountancy needs, making you compliant, all whilst saving you time, energy and money. PEO’s in turn, allow you to continue with your business strategy, enter the new market and grow globally quicker.
PEO and Compliance
Companies expanding overseas need to be aware of the differing laws in the country they are moving in to as it can be a tricky and complex journey. Compliance is much easier achieved by an expert and that’s where a PEO comes in – your business doesn’t need to navigate the complexities alone; an experienced PEO team can support your international growth.
Benefits of Partnering with a PEO
Global partnering with a PEO is key to your company’s growth and international expansion.
For the best possible outcome for your business, you will need a partner who understands your needs, local laws and ensures you are compliant. Most of all they need to be committed to your business success.
Virtual Subsidiary have 20 years of valuable experience with supporting customers and our team will help you at every stage of your global journey.
You can talk with one of our international HR experts about how Virtual Subsidiary can help you with your global business growth:
Comments