Employer of Record

Employer of Record | Bestar

Employer of Record

Employer of Record (EOR) services can be a valuable asset if you're looking to expand your business to Singapore, Malaysia, or Hong Kong. Here's a quick rundown of how it works:

What is an EOR?

An EOR acts as a legal employer for your staff in these countries, taking care of tasks like payroll, HR administration, benefits, and compliance. This frees you up to focus on running your business without getting bogged down in the complexities of foreign employment regulations.

Benefits of using an EOR in Singapore, Malaysia, and Hong Kong:

• Faster market entry: Setting up a legal entity in a new country can be time-consuming. EOR allows you to hire staff quickly and efficiently.

• Reduced costs: You avoid the fixed costs of setting up your own subsidiary, including office space, staff, and legal fees.

• Compliance assurance: The EOR handles all the local employment regulations, ensuring you stay compliant.

• Focus on your core business: By outsourcing HR and admin, you can concentrate on your core business activities.

EOR packages and pricing for the region

Remember, pricing for EOR services can vary depending on factors like:

• Number of employees you need to onboard

• Services included in the package (payroll, benefits administration, etc.)

• Contract length

• Industry you operate in

Here are some additional resources that you might find helpful:

• Understanding Employer of Record (EOR) Services in Asia-Pacific

• Employer of Record (EOR) & PEO Hong Kong

How Bestar can Help

Here's how Bestar as an EOR service provider can help you:

• Faster Market Entry:  By handling the legal employer responsibilities in Singapore, Malaysia, or Hong Kong, Bestar can expedite your entry into these markets. You won't need to set up your own subsidiary, saving you time and allowing you to focus on finding clients and business operations.

• Reduced Costs:  EOR services eliminate the need for you to establish a physical presence and hire HR/admin staff in each country. Bestar offers various service packages, so you only pay for what you need. This can significantly reduce your operational costs compared to setting up your own entity.

• Compliance Assurance:  Staying compliant with employment regulations in these regions can be complex. Bestar, as the EOR, takes on this responsibility, ensuring your business adheres to local labor laws and avoids potential penalties.

• Streamlined HR and Payroll:  Bestar can handle payroll processing, taxes, benefits administration, and other HR tasks for your employees in Singapore, Malaysia, and Hong Kong. This frees you from administrative burdens and allows you to focus on core business activities.

• Expertise and Scalability:  Bestar has experience navigating the specific employment regulations of Singapore, Malaysia, and Hong Kong. Our expertise can ensure a smooth onboarding process and ongoing compliance. Additionally, as your business grows, Bestar's scalable EOR solutions can adapt to your changing needs.

Here are some additional benefits Bestar offers:

• Onboarding and visa assistance

• Management of employee benefits

• Support with employee relations

• Multilingual capabilities

By outsourcing your EOR needs to Bestar, you gain a valuable partner that can simplify your expansion into Singapore, Malaysia, and Hong Kong.

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