How to Expand into New Markets without In-country Incorporation
When it comes to growing your business internationally, you face challenges and have to do things you have never done before. You are adjusting different business models to your crucial target overseas markets, considering foreign entities set up so you can make local hires, and calculating tax implications. Why are you doing this? Because you believe this is your best or even your only option. However, There Is a Different Way.
Acumen’s unique Global Employer of Record (GEOR) solution offers a fast, risk-free, and affordable alternative for overseas businesses. We help you enter foreign markets without the expense and red tape of company formation in a foreign country. Our solution eliminates compliance, business risks, and the need to rely on self-employed foreign sales reps.
With our Global Employer of Record (EOR) solution, numerous businesses have expanded their international reach and tapped into new revenue streams. Every day we help dozens of companies expand their global operations, and we are here to help your business do the same.
Unlike conventional market entry modes, Global Employer of Record (GEOR) services allow you to test multiple foreign markets and easily withdraw from less lucrative ones. If you are liquidating your entities in particular countries but want to retain your salesforce and have them continue working for your company, a Global Employer of Record is the best option for you.
Our GEOR solution helps you to quickly and compliantly hire a foreign salesforce and to terminate employment. Many of our clients have benefited from our solution’s flexibility and freedom.
International market expansion can be risky, expensive, and time-consuming. When you use our GEOR solution for global expansion, we do all the heavy lifting, freeing you to run your business. Not only will you be able to accelerate the international expansion of your business, but you will be able to do it without the set-up of a company entity on foreign soil.
Our Global Employer of Record solution lets your employees start quickly to meet your business needs while you sort out the possibilities of setting up an entity in the future.
Global EOR (Employer of Record) Services: Save Up to 75% of Employee Management Cost
|Average Cost & Time||Our Solution *|
|Time to Market||10+ weeks||72 hours|
|Legal Advisors Fees||$ 10 000 +||………….|
|Official Employment & Benefits||$ 20 000 +||………….|
|Incorporation & Liquidation Costs||$ 11 000 +||………….|
|Bank Account Setup||$ 2 000 +||………….|
|Maintenance costs and in-house staff to manage the foreign entity, payroll setup, and HR operations administration.||$ 25 000+||………….|
|The approximate total cost of new market entry**||$ 74 000 +||$ 15 000|
* Per one Employee
** Costs vary from country to country
Cost and Time of Entity Establishment Formation
Establishing a company in a new country is an expensive and time-consuming process requiring multiple vendors. The complexities of foreign company formation can distract you from pursuing your business goals and building your global business empire. With Acumen’s Global PEO and EOR solutions, you can set up a company with confidence anywhere in the world, knowing the nuts and bolts of hiring and payroll rest in experienced and competent hands.