Doing business with a Russia PEO/EOR
Russia is one of the largest countries in the world with a population of just over 144 million residents. The country is known for having very strict labor laws due to the country’s communist background, with most legal decisions concerning labor disputes siding with the employee.
The process of expanding into Russia can be difficult for foreign businesses because of the high levels of bureaucratic red tape. It is essential for employers to be precise and detailed with the manner in which they manage their foreign employees. Partnering with a PEO can allow businesses to delegate the challenges of international expansion to a team of local experts and simplify the process overall.
Why Use a PEO in Russia?
The process of obtaining work visas and expanding your business internationally with legal compliance can be both challenging and time-consuming for foreign companies looking to begin operating in Russia. A PEO solution can simplify this process for your business by managing the hiring and onboarding processes so your company does not have to manage it yourself. Local employment specialists can also help expedite office space rentals, manage employment contracts, and more.
Best Russia PEOs and Employers of Record
1. Global PEO
Global PEO has handled their global expansion with great success in recent years. The group is based in Hong Kong, but their knowledge base in other countries is localized and up-to-date with the modern working culture. Affordability is a strong selling point for businesses expanding into Russia, and offers pricing rates that are competitive. In addition to recruitment and hiring services, they’re also set up to take on a variety of duties based around entity setup, staffing, payroll, and a variety of administrative functions.
Specializing in turnkey business openings, Global PEO has a solid client base that includes companies in more than 160 countries, making their PEO and recruitment solutions a solid option for Russia.
2. Sky Executive
SkyExecutive is a recruitment agency and Professional Employer Organization (PEO) with active operations in Russia. This means that Sky Executive has the ability to combine recruitment and day-to-day employment solutions for companies looking to expand overseas and provide a single point fo contact for these businesses. SkyExecutive places high value on its network of local consultants based in Russia, with that level of local expertise being helpful for companies looking for a smooth transition into a new business environment.
3. Velocity Global
Velocity Global has become a well-known provider of services for new international expansion projects. The United States-based company give provide a helpful online Resource Center for information on foreign expansion, the important details of PEOs, and the best business practices on approaching talent acquisition overseas.
Marketing themselves as a company that can provide a fast onboarding process, Velocity Global has entities in 185 countries worldwide. Their focus on cloud-based tech is especially appealing to companies with a handful of existing foreign entities.
Request a Russia PEO Proposal
If your business is looking to expand its operations into Russia, GlobalizationPedia can help connect you with a PEO that best fits your needs at a cost-effective rate. Fill out the form below and we’ll use our extensive database of strategic partnerships to provide you with a full breakdown of the best potential PEO matches for your company.