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Outsourcing payroll or benefits administration. To simplify employee payments and payroll tax withholding, firms may look to outsource payroll or benefits administration to a GEO. Companies do not have to confine themselves to local talent when filling these roles in today’s increasingly globalized world.
Stay compliant Many NGOs and international NPOs think that a business entity must be set up in order to work in another country, hire and onboard staff, process payroll, and comply with local labor laws. They can take several months to set up.
Why is global expansion beneficial for companies in the Netherlands? Companies in the Netherlands are poised to benefit from global growth. As the fifth-largest economy in the European Union , the World Bank ranks the Netherlands in the top 40 percent of the easiest countries to do business with globally.
In order to ensure compliance, you’ll have to find a local payroll provider, accountants, lawyers, and HR advisors. For starters, incorporating and registering your business in a new country is complicated, expensive, and time-consuming as it comes with a long list of boxes to tick.
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