Doing Business in Japan with a PEO/EOR
Japan has long stood out as a leading player in international business, known not only for its highly sophisticated technology, automotive, and financial industries but increasingly for software, agriculture, and pharmaceutical. With 126.8 million people and an elite education system, Japan stands to offer exceptional potential in the form of globally-exposed and well-trained talent, making it even more of an attractive location for foreign investors. Japan does, however, have an incredibly complex legal and regulatory environment that makes starting a business in Japan a difficult task. Using a professional employer organization (PEO) or employer of record (EOR) is one means of overcoming those difficulties, however. Read on to discover the benefits of using a PEO/EOR in Japan and to get rankings of the top providers.
Why Use a PEO/EOR in Japan?
Japan has an advanced society that relies heavily on technology for communication, as do so many other countries. But while this does assist in expanding into the country in many regards, there are some significant differences in business culture that require local expertise for successful navigation. The regulatory environment is also complex, demanding local legal, accounting, and HR expertise. A PEO/EOR makes a natural partner for these needs, as a PEO/EOR with a local presence in Japan will be able to assist executives in expansion and ensure a smooth market entry. Everything from the creation of contracts in the Japanese language to managing staff disputes can be handled by the PEO/EOR.
1. SkyExecutive: www.skyexecutive.global
As Asia’s leading recruitment agency and PEO, SkyExecutive is able to meet both recruitment and day-to-day employment needs for companies looking to expand into Japan. SkyExecutive’s recruitment consultants are local experts who know not only how to find the best talent, but to keep it through their professional PEO/EOR services and talent management offerings. Many large companies, including Fortune 500s, have partnered with SkyExecutive for PEO/EOR services that integrate seamlessly with recruitment, so the company makes an excellent option for foreign investors looking to recruit new teams to work in Japan.
2. New Horizons Global Partners: www.nhglobalpartners.com
New Horizons Global Partners is another major PEO/EOR provider in Asia, and their local consultants in Japan have the means not only to ensure compliant and efficient expansion, but to really help new staff teams feel at home in the country. With a large client list that boasts some household name brands, NHGP stands out as a trusted and reliable partner for expansion into Japan.
3. Velocity Global: www.velocityglobal.com
Velocity Global is an international company in the true sense of the word, with operations in over 185 countries. That said, with its expansive local partner network, it is able to make any foreign company confident of efficient and hassle-free integration into the Japanese business world. Their staff can handle the administrative burden of hiring staff in Japan without having to set up a local entity on the foreign company’s behalf, making the transition much easier.