What is International PEO?
If you have ever considered expanding your business to a new country, you might have heard of “International PEO”. Don’t worry if you haven’t, because we have got you covered.
International PEO is a process to easily hire talent from anywhere in the world without having to set up a subsidiary in that country. The best part? You don’t have to deal with all the legalities involved, the PEO takes care of that for you.
The world is shrinking. Technology has become a great enabler in seamlessly connecting people no matter where they’re based. The COVID-19 pandemic has even taught us that work doesn’t need to stop, you can still accomplish the same things you were used to in the “normal” world. Businesses have realized that employees don’t need to be at the same location at all times and this has resulted in more and more remote work opportunities opening up. We are not restricted by land boundaries anymore. There is great talent to be found around the globe and there are many companies vying to get to the best of the best. For instance, if you are a US based company wanting to hire a couple of really talented people based in India, an International PEO helps you do just that.
Scenarios where a PEO might come in handy –
- You want to start operations in a foreign country but don’t necessarily want to set up a subsidiary company just yet.
- You want to explore the option of hiring foreign talent for your company but don’t want to get bogged down by the laws, regulations, and compliance processes of that country.
- You want to work remotely for a foreign-based company.
- You are relocating to your home country after your work visa has ended but still want to continue working for them
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