Asia is home to world-class technology centers, advanced infrastructure and densely populated emerging economies. During the last three decades, Asia has boomed in technological advancements, GDP growth and labor competency outshining western countries which makes Asia one of the best destinations to expand during the post pandemic. According to the World Economy Forum, Asia GDP […]
Author Archives: exroadmin
10 Questions to ask When Choosing a Global PEO.
Choosing a global PEO will make your expansion journey smooth and hassle free. A global PEO would take care of your employee payroll, labor and HR requirements while employees work for your company. Without an entity, having a global presence not being able to worry about employee and statutory related issues is a big win, […]
Why should you Switch from Local Entity to PEO post pandemic?
When you expanded sometime back to a foreign country, it must have made complete sense to establish a local legal entity in the new country. It would have been more straightforward at that time to set up an entity as a subsidiary while directly employing people to your new company. Having the brand exposure with […]
How Global Expansion can be Cost-effective Post Pandemic.
The pandemic brought in some unforeseen challenges to many economic giants in the world. Across the globe, some predict a downturn of the economy for certain countries there are forecasts for some which are expected to bounce back. Despite economic challenges businesses must survive and carry on vigilantly. While every market got affected in some […]
Right Time to go Global? Here are few Things to Consider
We have been dealing with mutations and aftermath of a Pandemic for many months now. Let’s face the reality, Covid19 is here to stay for a foreseeable time. Hindering or postponing operations can only be short term not a wise choice in long term as anyone else, we all need to accept the reality and […]
10 Questions to ask Potential EOR Companies
Many people define an Employer of Record (EOR) as a third party entity placed in between the client and employee. The EOR carries out payroll and basic HR functions on behalf of the client, while managing legal and statutory requirements is one of the key tasks undertaken by an EOR. While EOR is the registered […]
What is an Employer of Record and Why is it Important for You?
When a company hires an employee, the responsibility of all tasks of the employee including payroll, HR related tasks and legal and labor requirements must be taken up by the employer. But not all types of companies want to take up the responsibility of dealing with the liability of managing employees. This is where the […]
5 Things You Must Know About Employee Statutory Requirements in Sri Lanka
Sri Lanka is a nation with a mixed economy where both private sector and government sectors employee Sri Lankans and foreigners. Sri Lanka welcomes foreign investments, and to support this several free trade zones, regulations and easy access schemes have been established. The economy is based on agriculture, apparel, and services such as BPO, KPO […]
Things you Need to Know About a Shell Corporation
In simplest terms, a shell corporation is a legal entity which exists only on paper without a physical officer or employees. They have financial assets, however they do not create products, recruit employees or generate revenue in any manner. What is a shell corporation? A shell corporation has no significant business activity, they do have […]
8 Categories of Residence Visa in Sri Lanka
A residence visa is given for non Sri Lankans to get residence facilities under special circumstances. To obtain a residence visa, you need to enter Sri Lanka on an entry visa issued by a Sri Lanka diplomatic mission abroad. Entry visa will be issued by the Embassy only upon approval by the Controller General of […]