- Overview: Faroe Islands
- Global PEO and payroll
- Expand without a company set up
- Contractor vs. employee: which is better?
“The Global Expansion Guide: How To Grow Fast and Limit Risks Without Setting Up A Company In Faroe Islands”
Become An International Business And Gain Presence in Faroe Islands Without The Risk Or Expense Of Setting Up a Company.
In this guide you’ll learn how to:
- Attract and compliantly pay commission-based sales reps
- Develop international sales and extra revenue opportunities, without setting up own companies overseas
- Enter more markets, test the markets before getting established there, and easily withdraw from the unattractive countries
- Avoid legal and compliance risks
- Design an efficient system of international sales with a strong team of global salesforces
The key to expanding seamlessly into Faroe Islands is finding and effectively managing local people. Just a single pair of boots on the ground is a game-changer. Immediate revenue increases with a skilled globally distributed salesforce, or expedited growth with foreign local IT pros; all benefits of a strong international team and presence in the global marketplace.
However, if your company is trying to go global, or is already in those early stages, chances are that you’re starting to understand how complicated global operations can be.
Learn How You Can Expand Your Business Globally Through Employment Fast, Easily, And Risk-Free!
After you’ve decided to expand in Faroe Islands, hiring people to represent your company in the country is your next step. Employee onboarding and payroll in Faroe Islands brings with it certain legal procedures and norms that need to be observed by both employers. The legal procedure of company setup in Faroe Islands generally takes around 3 months. An important thing you need to consider is liquidation that might be needed if you find the market unattractive and want to withdraw. In some countries the procedure is way more complicated compared to opening a business entity.
You can outsource employment of your salesforces in Faroe Islands to a third-party company Acumen International. Acting as a local legal employer for your remote employees, we will run a local payroll & HR, and process business expenses on your behalf. We will pay allowances and benefits to your people in Faroe Islands.
We can sponsor work permits and visas for your expatriate personnel who you need to send and have employed in Faroe Islands.
As the original (factual) employer, you will maintain the substantive work relationship, making all decisions on compensation, position duties, projects and termination. We will act as a legal employer for your workforce, which is why you won’t have any legal ties with them. Our solution gives you freedom to dedicate all your time to developing your business in the target country without costly and time-consuming entity setup in Faroe Islands.
You only need to find the candidates (or decide to convert current freelancers/independents into employees) and we will do the rest. We can help you recruit the candidate in addition to PEO employment.