Employer of Record (EOR) services in India simplify the hiring process for foreign businesses. At Business Setup, we provide comprehensive EOR services to help companies expand their workforce in India quickly and efficiently without the need for a local entity. Here’s why partnering with Business Setup is the right choice for your EOR needs:
Why Choose Business Setup for EOR Services in India?
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Established Expertise: We have been providing EOR services in India for over 10 years, with a deep understanding of local laws and regulations. Our locally-present team ensures seamless operations and compliance.
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Transparent Pricing: Our pricing is clear and competitive, with no hidden costs. You only pay for what you need, making it easy to budget.
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Dedicated Entity for Larger Teams: If your team size exceeds 10 employees, we set up a dedicated entity for your operations. This entity can be transferred to you at any point if you decide to establish a permanent presence.
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End-to-End Support: From hiring to compliance and employee management, we handle it all so you can focus on your business growth.
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Employee-Centric Approach: We provide employees with access to self-service tools for a seamless experience.
EOR Process with Business Setup
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Dedicated Entity for Larger Teams: If you plan to hire more than 10 employees, we create a dedicated company for you. Agreements and employee handbooks are prepared based on your global policies.
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Employee Selection and Onboarding: You select the employees and finalize their salaries. We manage onboarding, including legal agreements, salary structuring, and employee verification.
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Self-Service Portal: Employees gain access to a self-serve portal to manage their employment details.
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Compliance and Tax Filings: We take care of all payroll, legal, and tax compliance requirements in India.
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Monthly Invoicing: On the 1st of every month, we raise an invoice covering salary costs and our service fees.
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Entity Transfer: If you decide to register your own entity, we can seamlessly transfer employees or the dedicated entity to you.
Advantages of EOR Services
- Quick Hiring: Start hiring in 4 days.
- Compliance: We handle payroll, taxes, and labor laws.
- Cost-Effective: Avoid the expense of registering and maintaining a legal entity.
- Focus on Growth: Save time and concentrate on business operations.
Disadvantages of EOR Services
- Brand Representation: Employees work under the EOR’s name, not your company’s.
Cost of EOR Services in India
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For less than 10 employees |
For 10 employees or more |
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One time setup fees – USD 300 for salary structuring and contract drafting Recurring fees – USD 150/employee/month |
One time setup fees – USD 300 for salary structuring and contract drafting Or If you want a dedicated entity the One-time setup fees will be USD – 750 Recurring Fees – USD 1000/month and USD 80/employee/month for additional employee |
Conclusion:
EOR services are a great way to expand into India with minimal effort and maximum compliance. Whether you’re testing the market or managing short-term projects, EOR services provide flexibility and efficiency. For businesses planning long-term operations, transitioning to a registered entity is smooth and hassle-free.
Frequently asked questions
When should I consider using EOR services?
EOR services are ideal for:
- Testing the Indian market before establishing a permanent entity.
- Hiring employees for short-term projects.
- Businesses looking for a compliant way to hire remote employees in India.
What happens if I decide to register my own entity in India?
If you decide to set up your own entity:
- The EOR can transfer employees to your new entity.
- Alternatively, you can take over the dedicated entity established by the EOR for your operations.
Do employees get benefits through EOR services?
Yes, employees hired through an EOR receive benefits such as:
- Regular payroll.
- Statutory benefits (e.g., Provident Fund, Employee State Insurance).
- Access to a self-service portal for managing their employment details.
What happens if I decide to register my own entity in India?
If you decide to set up your own entity:
- The EOR can transfer employees to your new entity.
- Alternatively, you can take over the dedicated entity established by the EOR for your operations.
Do employees get benefits through EOR services?
Yes, employees hired through an EOR receive benefits such as:
- Regular payroll.
- Statutory benefits (e.g., Provident Fund, Employee State Insurance).
- Access to a self-service portal for managing their employment details.
How long does it take to onboard an employee using EOR services?
Onboarding usually takes 1 to 2 weeks, depending on how quickly you finalize employee details and submit required documents.