Employer of Record" is legally in charge of paying employees, handling employee taxes, benefits, insurance, visa and sponsorship applications, as well as many other transactions and activities relating to human resources. It appointed business that is legally in charge of managing all or some of a company's employees. Companies frequently employ EORs to reduce all the difficulties and vicissitudes associated with managing payroll for international employees, market access, market comprehension, and market participation. Employer of Record is the greatest option if you want to increase your company's operations abroad.
An Employer of Record is a company or organization that is authorized and responsible for paying employees. As a result, the Employer of Record handles all employment-related compliance issues, such as payroll, taxes, statutory benefits, employment agreements, and more. Companies of all sizes, not just business clients, can access global talent through employers of record. You need an EOR if you want to hire someone in a location where you don't have a legal entity of your own (and you don't want to go to the trouble of setting one up yourself).
Starting a business in another nation can be a challenge in itself and this is why getting the right information about the country and its laws and regulations will be very helpful. Employee of Record service can provide assistance related to business expansion. You can using an employer of record if you want to expand your business. You can now hire talented and experienced staff in your chosen industry without going through the complicated procedures associated with company establishment. Everything is done through the employer of record. Therefore, instead of taking the risk of breaking the law, EOR ensures all obligations are carried out properly. These obligations include recruiting, filing and reporting taxes, payroll, employee compensation and insurance, visa and work permit applications and many more.
If you are planning to set up an office in KL, we can help you with it. GP Outsourcing Asia can help you to expand your business overseas especially in Malaysia, Kuala Lumpur. Do not hesitate to contact us for more infromation. Follow us for more information.