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Introduction

For most businesses and organizations , global expansion is a long-term goal , but the path towards success is fraught with risks , costs and delays .

But what is an EOR service and how does it simplify global expansion ? In this guide , you will learn about an EOR service and how it can help your business reach its global potential .

Explaining EOR

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To open a new operation in China , it can take as long as 18 months , while in Brazil it can cost as much as $ 35,000 to open an entity .

Going global is a challenge , yet the complexity and difficulties have not prevented startups from scaling their operations internationally .

They have powered their growth by identifying the hurdles that limit their expansion and deploying a solution .

For many , this solution has been an Employer of Record ( EOR ), which removes the complexity from the entire experience by becoming a simple step in a business plan .

An employer of record , also known as an EOR , is an organization that manages the legal , HR , tax and local compliance responsibilities of your employees in any country where you don ' t have an operation .

An EOR can onboard , manage and pay staff on your behalf . Consider it the legal employer while you , the client , retain the role of managing employer , looking after the day-to-day management of the employees .

In other words , you call all the shots on hiring , compensation , assignments , duties and termination . The EOR is simply a HR service that helps keep your business compliant with local laws . x

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