NsquareIT Offshore

  Employer of Record (EOR)   is a third-party company that provides comprehensive solutions for managing a company's human resources, including payroll management. In India, the Employer of Record concept is gaining popularity among international companies that want to establish a business presence in India without the legal and financial complexities of establishing a separate entity. The Employer of Record takes on the responsibilities of an employer, including hiring employees, payroll management, compliance, and legal issues. This allows companies to focus on their core business while the EOR takes care of the administrative functions. Managing payroll is one of the critical functions of an Employer of Record. Here's how Indian EORs manage payroll: Compliance with local laws:   The EOR ensures that the payroll is compliant with local laws, including minimum wages, taxes, and other statutory deductions. They keep track of the latest changes in tax laws and ensure that ...

When expanding a business into a new country, there are many considerations to take into account. One important decision to make is whether to set up a legal entity in the new country or use an  employer of record (EOR)  service. Both options have their benefits and drawbacks, and the choice will depend on the specific circumstances of the business. Read More... EOR

  International companies looking to do business in India face many challenges, including navigating complex labor laws, obtaining necessary permits and licenses, and hiring and managing employees. The process can be time-consuming and costly, and missteps can result in legal and financial consequences. An increasingly popular solution to these challenges is the use of an   Employer of Record (EOR)services in India . An EOR is a third-party service provider that acts as the official employer of a company’s employees in a foreign country. This arrangement allows international companies to expand their operations into India without having to set up a legal entity or deal with the complexities of local employment laws. Benefits of Using an EOR in India Simplified HR and payroll processes:   An   EOR provider in India   will handle all HR and payroll-related responsibilities, including recruitment, hiring, benefits administration, and tax compliance. This eliminates...