In the era of global hiring, there are many ways to expand your business to new countries, including hiring full-time employees through an employer of record (EOR) or working with foreign independent contractors.
Owning a subsidiary in your target markets has multiple advantages, which is why many companies choose this expansion strategy.
In this guide, we’ll talk about the benefits and considerations of running a subsidiary and present the entire process of getting a local entity ready to start operating, including the research phase, collecting compliance documentation, registering for business ID and taxes, building a team, and more.
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