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.
What is the process for signing up with New Horizons?
New Horizons will engage with the startup to work out the details of a Global PEO engagement.
Once signed up, New Horizons will recruit staff for the startup, or onboard any staff that have been selected.
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.
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.