A Global Employer of Record (EOR) is a third-party organization that takes on the legal responsibility of employing your talent while you maintain day-to-day control over their tasks and responsibilities. The Global EOR serves as the official employer on record across multiple locations, handling all formalities such as immigration support, employment contracts, payroll, tax withholdings, and benefits administration. Meanwhile, the client company focuses on its core competencies—product development, marketing, customer engagement, and so forth—unburdened by the complexities of global HR compliance.
When Is Using a Global EOR Advantageous?
Rapid Market Entry: If you’re looking to quickly establish a presence in a new international market, a Global EOR can expedite the process, enabling you to hire local talent without setting up a legal entity.
Cost-Efficiency: The EOR model eliminates the need for investing in local infrastructure, HR, and legal teams, thereby reducing your overhead costs. It also lets you predict your expenses more accurately, as the EOR provides a full breakdown of employment costs upfront.
Compliance and Risk Management: Navigating local labour laws, employment regulations, and tax codes can be a logistical minefield. An experienced EOR ensures that your operations comply with local laws, reducing your risk of legal issues and potential fines.
Scalability: As your business grows, a Global EOR can effortlessly scale the size of your workforce up or down, providing you with the flexibility to adapt to market demands.
Focus on Core Business: With the EOR managing HR, legal, and payroll, your team can fully concentrate on your core business activities. This is especially beneficial for small to medium-sized enterprises (SMEs) that may not have the internal resources to manage these functions globally.
Talent Acquisition and Retention: A Global EOR can provide your employees full benefits, making your company more attractive to top-tier talent. Also, by offloading administrative burdens, your internal teams can focus on strategies for talent retention and employee engagement.
By acting as the official employer, a Global EOR like us not only lifts the administrative burden off your shoulders but also enables you to fast-track your international expansion strategies. With our expertise, you can ensure compliance, efficiency, and flexibility while venturing into new markets.
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Global Employment Journey — Recruitment. Onboarding. Management. Retention. Termination
Compliance and legal guidance at every step of the Global Employment Journey. 24/7 local support.
Application for a sponsor license for a foreign national
Education checks
Employee data entry and records maintenance
Accruals
Annual leave
Unemployment insurance
Withholding tax
Termination by mutual agreement
Relocation assistance
Managing probation periods
Allowances
Parental leave
Voluntary Benefits
Local tax payments and reporting to local authorities
Notice period handling
13th and 14th salary
Sick leave
Share plans for executives
End of financial year reporting
Final settlement & severance payments
Additional leave
Bonuses & Equipment provision
De-registration with statutory bodies
Expenses reimbursement & business trip processing
Health insurance, dental treatment
Leverage Express Global Employment’s Expertise as Your Global Employer of Record (EOR) in Taiwan
Expanding into Taiwan and unsure how to navigate the complex labour and tax landscape? As a seasoned Global Employer of Record (EOR), Acumen International provides an invaluable service to businesses seeking to employ and compensate high-calibre talent in Taiwan—both local and expatriate—while ensuring legal compliance.
Advantages Express Global EOR Service in Taiwan
Fast Market Entry: Acumen’s Global EOR solution enables your business to tap into the Taiwanese market immediately without the complications or costs of setting up a local entity.
Local and Global Talent Acquisition: Our expertise extends to sourcing, hiring, and retaining top talent in Taiwan and worldwide, aligning with your strategic objectives.
Comprehensive HR and Payroll Management: From payroll and benefits administration to HR tasks, Acumen ensures that your employees in Taiwan receive competitive packages and full legal compliance.
Streamlined Compliance: Rely on Acumen’s local knowledge and international experience to meet Taiwan’s stringent labour laws, tax regulations, and immigration standards without hassle.
Global Reach: Beyond Taiwan, we serve clients in over 190 international markets, providing a global employment solution.
Risk Mitigation: We shield your business against legal challenges related to employment compliance, including labour laws and tax obligations.
Cost-Efficiency: Avoid the financial burden and time commitment of establishing a local entity, yet continue to operate and employ personnel seamlessly in Taiwan.
Comprehensive Immigration Support: Benefit from our in-depth knowledge and hands-on experience in handling work permits and business visa sponsorship for your expatriate team. We ensure smooth transitions and legal stays for your international workforce.
100% Labor and Tax Law Compliance: Our local expertise is geared towards providing complete compliance with Taiwan’s complex labour and tax regulations, thus eliminating the risks of non-compliance penalties.
Full-Scale Support: From the global acquisition of top talent to comprehensive contract negotiations and tailored employee benefit packages, we offer a holistic, one-stop solution for all your HR and employment needs.
Spotlight on Taiwan
Taiwan is located off the southeastern coast of mainland China in the Western Pacific Ocean. The country’s unsettled relationship with China has long been a major cause of political uncertainty and an economic impediment, as most of the world does not recognise it as a sovereign entity separate from China.
Most developing industries: Taiwan is one of the world’s largest suppliers of semiconductors, computers and mobile phones. It is also the largest supplier of computer screens.
Why Taiwan Is a Strategic Choice for Business Growth?
Expanding a business internationally offers the potential for growth, diversification, and greater profitability. Taiwan, known for its robust economy and strategic location in East Asia, provides many opportunities for business expansion. Below is a table summarizing the key advantages of taking your business to Taiwan across various domains, from market potential to quality of life for employees.
Category
Reason for Expanding into Taiwan
Market Potential
Strong consumer base with high purchasing power. Gateway to other Asian markets, including China.
Economic Stability
Robust financial system and stable economy. Favorable credit ratings and low inflation.
Talent Pool
Highly educated workforce. Strong skills in technology, engineering, and languages.
Regulatory Climate
Transparent legal system. Business-friendly policies with tax incentives for certain industries.
Infrastructure
World-class transport and communication networks. Strong IT infrastructure is suitable for tech businesses.
Cultural Factors
Openness to foreign business and Western culture. Strong emphasis on relationships and networking.
Innovation
High level of R&D investment from the government. Many innovation hubs and tech parks for collaboration.
Trade Relations
Strategic location for shipping and logistics. Numerous free trade agreements make export/import easier.
Quality of Life
High-quality healthcare and education. A safe environment conducive to attracting foreign talent.