Global Employer of Record (EOR) in Moldova

Moldova is attractive for international companies who want to do business in Europe and beyond. However, establishing a permanent business entity in Moldova is not always the optimal solution for companies just beginning to explore the Moldavian business landscape. Compliance is often challenging for businesses expanding into Moldova, as it can be a complex, costly, and time-consuming process that many employers are not ready to undertake.

Acumen International is the leading provider of global employment solutions (Employer of Record and PEO), helping Spanish companies expand their reach beyond their borders and compliantly hire the best talent from anywhere in the world. With Acumen’s Global Employer of Record solution, thousands of businesses have access to legal, financial, and cultural expertise to onboard, pay, and manage employees and contractors in 190 countries. Acumen is dedicated to helping companies succeed on a global stage and create a workforce that reflects the diversity of their customers and markets.

In either case, or if you are an agency representing a corporate client, Acumen International offers a perfect global Employer of Record (EOR) solution for legal and compliant hiring and compensating of your Moldavian workforce.

Global Employer of Record (EOR) in Moldova comes in handy when businesses expanding globally face many challenges when properly onboarding employees in foreign countries. Compliance with local laws usually requires establishing a legal entity in the country where the business operates. This process can be costly, time-consuming, and potentially undesirable for many employers. With Acumen International by your side in Moldova, you can easily manage your global employment and HR needs without worrying about the complexities involved. Partner with Acumen Global Employer of Record and let us help you ensure that your workforce is compliant and up-to-date across all jurisdictions, including Moldova.

With the global economy shifting more and more towards technology, companies are looking for ways to keep up. One such solution is the EOR model, which allows companies to outsource work to distant locations without any overhead or bureaucracy. This is especially helpful for companies that need to fill positions quickly in multiple locations, as it eliminates the hassle of setting up local entities.

The EOR model can be an excellent solution for businesses that need to find and hire talented workers no matter where they are located. This can be especially helpful for companies with limited internal resources or infrastructure, as it eliminates the need to create an entity in each location. Additionally, the EOR engagement complies with global regulations, making it an ideal solution for businesses of all types looking for faster and compliant employment in Moldova

If you’re looking for a way to tap into the Moldavian market, a global EOR might be the perfect solution. A global Employer of Record is an employee engagement where one company agrees to act as an employer for another company. This allows your company to test the waters without taking on all the associated risks and costs of establishing an entity in Moldova. If things go well, the Employer of Record can arrange for its employees to work permanently from that location. So what are you waiting for? Start exploring this promising new market today!

• Cost savings. There are no additional expenses associated with setting up an entity or hiring staff until you decide it’s worth the cost.
• Increased flexibility. You can move quickly if necessary without dealing with lengthy lease agreements or other administrative matters that would slow down your growth plans.

The Employer of Record offers a simple, low-cost solution for companies expanding their operations in a foreign country.

Companies can work with a local partner in their chosen country and utilize the services of an Employer of Record (EOR). This provides an alternative to setting up an entity or subsidiary, allowing companies to sidestep the administrative and financial burdens of establishing a legal entity.

The EOR (Employer of Record) will be responsible for all your company’s tax obligations and regulatory compliance requirements in Moldova. The EOR engagement also allows you to avoid additional costs for hiring local staff and other expenses such as office space and equipment rentals.

Partnering with an Employer of Record, you will retain complete control over your employees and business operations while benefitting from substantial cost savings and avoiding non-compliance risk.

An Employer of Record is an excellent choice for those looking to start working in Moldova immediately. Using an Employer of Record, you can get started sooner than if you were waiting for your entity to become official in Moldova. The Employer of Record will act as a legal employer of your workforce in Moldova and handle payroll and benefits administration, tax filing, and all the necessary paperwork for your employees, making the employment process in Moldova smoother and quicker.

* Per one Employee
** Costs vary from country to country

1. Global expansion complexity 
2. Global payroll administration
3. Employee benefits administration
4. Drafting compliant employment contracts to adhere to local labor and tax regulations in 190 countries
5. Lengthy onboarding 
6. Complex and risky offboarding
7. Background checks
8. Workforce compensation administration
9. Compliance assistance
10. Guidance on best practices of voluntary benefits provisioning
11. Immigration and relocation support for your ex-pat workforce, such as visa sponsorship and securing work permits
12. Lack of institutional knowledge.
13. IP right protection
14. Lack of local and international legal support
15. Convert local contractors into full-time employees
16. Business transitions: acquisitions, mergers, close-downs
17. Need to deal with multiple global employment service providers.