Basic Blockchain Technology and Cryptocurrency Transactions
December 5, 20251. General – Market Entry and International Expansion
In the last 20 years, small companies across the world have been regionalising and internationalising their businesses. This is no longer just a necessity for the big multi-nationals. Small companies support the mid-cap and large companies and therefore need to go wherever their customers go to. How do small companies expand regionally and internationally given that they do not have the same resources and capital that big ones have.
Below we illustrate how small companies can utilities OHRs/EORs to expand at speed and lowest possible costs.
2. Human Resources
(a) Market Entry: In any company, even with AI, the first initial one-step, must inevitably be “People” when the company is looking to expand into a different market and set up a business ie. (a) to look for People either to send them into the market and/or (b) employ local employees to start some business.
This, in many times, could potentially even before the small companies, consider setting up their subsidiaries. Ie. to test the overseas market for their products and services.
(b) Short-term Project Work: In support of their customers, many times small companies could be present in different locations when called-upon by their customers. The customers’ projects may be for short periods and extended into longer periods. The customers’ entities could not “hire” your (the suppliers’) staff for sue to separation of entities.
(c) Other Reasons: Some companies adopt policies and practices, for strategic and operational considerations, to permanently “outsourced certain positions and job functions” to third parties; or for other valid reasons.
Therefore, an Employer-Of-Record (EOR)/PEO (Professional Employer Organization)/OHR (Outsourced HR Agent) can offer an effective and efficient solution.
3. The Talent Deployment Solution
The EOR/OHR would be the surrogate employer to hire on behalf of the Client-company through a tripartite legal and proper arrangement. This way, all parties and connected to satisfy the objectives and create a win-win-win for all parties. The Employee gets hired with local manpower regulations complied with at the employer and employee levels. The Client-company gets peace-of-mind to have the staff handling the businesses without the hassle of setting up his own entity. The EOR/OHR fulfils the legal obligations and charges a reasonable fee.
The EOR/OHR can also assist the Client to apply work visas if there is a need to send in Client-personnel into the overseas country. This can also be for a long-term foreigner Employment Permit.
Our Services
Currently we at LE YU offer EOR/OHR services with proper and legally compliant set-ups implemented. Our coverage include Asia Pacific, Americas, Europe, Middle-east and various other countries.
