Why you should use a PEO for your Japanese business venture
Expanding internationally is a logical step for many ambitious businesses. Your home market is only so big, and there’s a whole world out there for your business to try and succeed in.
With the third biggest economy in the world, Japan is one of the markets businesses of all sizes want to get into. The country is at the forefront of technological development, and with a strong political landscape, represents a big opportunity for Western countries.
However, setting up a business in a foreign country can be a complex undertaking. To ensure your business venture gets off on the right foot, it’s a good idea to use the knowledge of the professionals and this is where a PEO comes in.
What is a PEO?
A Professional Employer Organization (PEO) offers an outsourced solution for your business’s HR, payroll, benefits, workers’ comp, and compliance.
When you setup a new business in Japan, or any other country, there are lots of different rules you need to comply with and a PEO can help make that process much easier. You don’t want to get bogged down in the fine details of Japanese employment law, so the best thing to do is get experts on your side who are experienced in taking care of these details.
You might be capable of taking care of compliance in house in your home market, but when you set up in Japan, you’ve got a whole new set of rules you’ve got to play with.
As a trusted partner, INS Global have the expertise and knowledge of the Japanese legal and business landscape, so you can have total peace of mind when setting up in this heavily regulated market.
Your company has built up years of experience over the years in this area in its home country but not all of that experience is going to be transferable to Japan. When it comes to compliance, you don’t want to be learning as you go, and this is where a PEO can make a massive difference.
A PEO can help cut your leaning time to zero when it comes to compliance, making sure you’re playing by the rules right from the beginning.
Employing people in a foreign country can be a complicated business. You’ve got to make sure you’re getting the right people, paying the right salaries, and fulfilling all your obligations as an employer.
A PEO in Japan gives your business the ability to start hiring people right from the beginning, getting the best employees and making sure their employment runs smoothly.
Any delays in this area can compromise your business’s ability to work effectively and put your Japanese expansion plans in danger.
Peace of mind
Markets and business regulations are always changing and if you’re not keeping up with the latest developments your business is going to fall behind.
It’s hard enough keeping up with the developments in your own country, so keeping ahead of Japanese developments can be extremely difficult; particularly when you’re a new business. A PEO helps give you the peace of mind that whatever new developments there are in Japan, your business is covered.
The right PEO has people who are highly experienced with Japanese tax and employment laws and can ensure your business is always compliant.
Photo by Jezael Melgoza