Global PEO Solutions Help Startups Expand Overseas
If you are a business startup interested in overseas expansion, New Horizons Global Partners can help. New Horizons is a Global Professional Employer Organization (Global PEO). This means that they recruit and hire staff for your business in overseas locations. This is usually the fastest and most cost-effective method of global expansion, making it an attractive option for agile startups.
A Global PEO ensures that your new international location operates efficiently and in full compliance with local laws. Conducting business in a new international location without fully understanding the legal and compliance environment could leave you at significant risk of fines and back-taxes.
I would like to hire employees in:
What are the advantages of a startup using a Global PEO?
Startups that engage a New Horizons Global PEO solution scan benefit in the ways listed below.
A Scaled Solution
Global PEOs enable business expansion at any size. This means you can start small, and 'scale up' as your business grows, without incurring excessive extra costs.
Fast Entry
Setting up your own local entity or subsidiary in a new country often takes a considerable period of time. With a Global PEO solution you could have staff operating in your country of choice with 48 hours.
Compliance
Global PEOs ensure that your international operations comply fully with local tax and employment laws.
Recruitment Networks
New Horizons is the only Global PEO which acquires talent through its in-house recruitment team. This ensures that you have the best-qualified staff for the new extension of your business.
Cost Reduction
Engaging a Global PEO solution could save you up to 85 percent of the cost of setting up your own local location.
What is the process for signing up with New Horizons?
Agreement
New Horizons will engage with the startup to work out the details of a Global PEO engagement.
Talent Acquisition
Once signed up, New Horizons will recruit staff for the startup, or onboard any staff that have been selected.
Contracts
Staff will be given compliant employment contracts to sign.
Ongoing Global PEO
Once officially hired, New Horizons will be the ‘Employer of Record’ and responsible for all ongoing payroll, payroll taxes, HR And compliance.
Frequently asked questions
Yes. As well as taxes, global PEOs ensure that any compulsory health insurance, pension contributions and other benefits are provided to staff.
Yes, in some cases. New Horizons will be able to advise you on whether you can engage workers as independent contractors, or whether that could run the risk of ‘employee misclassification’. If employees are misclassified, liability for unpaid taxes, benefits and penalties could result.
Once a startup has grown to a sufficient size, it may wish to transfer from a Global PEO to another international expansion solution. Other possibilities that are available include:
- A local legal entity, such as a subsidiary company
- Payroll and benefits administration outsourcing
- Mergers and acquisitions
Once your start-up is at the growth stage to benefit from another global expansion solution, New Horizons can help ensure that the transition to a new way of operating is smooth.
Employee personal and employment information is managed through our cloud platform. This ensures that information is protected in accordance with data protection laws and regulations, and provides startups with real-time access to necessary data.
