Entity establishment is a long and tedious process, which is why U.S. companies want a faster way to engage talent across international borders.
Going with a foreign contractor is good for short-term projects or one-off jobs with a clear start and end date. However, each country has its own rules for classifying contractors, which can often cause confusion or misclassification of employees. Companies that go the contractor route should consider a Contractor Management solution to ensure compliance and avoid the fines, legal fees, and business interruptions that come with misclassification.
If you need to engage full-time talent, your best bet might be to work with a global Employer of Record (EoR). A global EoR becomes the full legal employer of your talent, handling everything from onboarding and compliance to payroll and benefits.
Finding a global EoR partner could be the best fit if you want to quickly get up and running in new markets. My company, Velocity Global, has helped thousands of companies do this. We're ready to help if you need it. Check us out online or get in touch to learn how.
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