Benefit of Employer of Record
Updated: Feb 8
Many businesses look for strategies to break into the international market as a means of offering and exposing their cutting-edge products to the world. An EOR is one method of accomplishing this. This is especially a good strategy for businesses that need to conduct business in different nations throughout the world. The benefit of EOR
You can concentrate on the essential aspects of your business while letting an EOR service handle the burden of taxes, payroll, benefits, etc. All of these tasks, albeit necessary, can become quite complicated and expensive if not carried out properly. Hiring a company to manage this frees you up to concentrate on other important jobs and operational duties.
EOR services might provide a business with a different payroll solution that continuously reduces costs. You may have a piece of mind knowing that your company is safe and compliant without having to deal with the inconvenience of thinking about the responsibilities related to payroll.
Your business will expand more quickly if you can hire employees anywhere in the world without requiring a subsidiary registration. Because of this, utilizing an Employer of Record is a great compromise for firms that want to grow but lack the resources to establish their own corporation.
It is a great approach to grow into a new territory much more quickly than setting up a new business and navigating local rules and regulations. Using an EOR completely depends on your overall expansion strategy. If you are planning to set up an office in KL, we can help you with it.