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Understanding GDPR and Its Impact on Global Expansion

As businesses expand globally, understanding and complying with data protection regulations becomes crucial. The General Data Protection Regulation (GDPR) data privacy law, which has been in effect since 2018, sets the standard for data protection laws worldwide, with strict guidelines and significant penalties for non-compliance. This blog explores the key aspects of GDPR and how […]

Project Consulting Solutions for Implementing Global Payroll

In today’s interconnected world, expanding businesses face the intricate task of managing payroll across multiple countries. Global payroll implementation involves establishing a seamless system that ensures employees worldwide are paid accurately and on time while complying with varying local regulations. This process can be daunting, but the right project consulting solutions can make it fast, […]

Singapore’s Latest Employment Law Changes Effect on EoR

The Singapore Ministry of Manpower (MOM) has recently updated its regulations, prohibiting non-Singapore entities from using an Employer of Record (EOR) to sponsor work permits for foreign workers in Singapore. This change has significant implications for U.S. and other non-Singaporean entities looking to engage foreign nationals in Singapore. Under the new rules, entities without a […]

How an EoR Differs from a Payroll Company

As businesses expand globally, the responsibility of managing payroll and HR becomes increasingly complex with each country where a company establishes a presence. As part of their global expansion strategy, today’s companies seek to balance the need to have efficient payroll systems and high employee satisfaction while minimizing errors and compliance risks overseas. A critical […]

Employment Law Updates in Australia, Italy, Poland, Singapore, and United Kingdom

Staying compliant with evolving employment laws across different jurisdictions is essential for any global business. From new legislation on the right to disconnect in Australia to enhanced protections against workplace stress in Italy, understanding these changes can be challenging. This update will provide you with a brief overview of the recent employment law changes in […]

Best Practices For Global HR: How To Stay In Compliance

When managing a globally expanding company, the complexity of staying in compliance and avoiding legal and financial missteps will increase with each new country into which you expand. For US-based companies expanding into new international markets, staying compliant is crucial to avoid costly pitfalls and ensure smooth operations. In this blog, we will explore best […]

Global Payroll Management Simplified: Easy Solutions For Spanning The Globe

Managing payroll is a complex task in any business, but the complexity multiplies when a company expands globally. Global payroll management involves coordinating payroll processes across multiple countries, each with its unique set of rules and regulations. Effective global payroll management is vital for ensuring that your company stays compliant with the laws of each […]

Global Expansion Hiring in the US: 3 Practical Ideas to Simplify Your Strategy

For many companies, the idea of expanding into a new market can be intimidating. Where would you even start? Although you don’t have to turn too far to garner an opinion on the subject these days, where you turn to for true guidance and expert clarity is a challenge. Recently, the focus on global expansion […]

Carve-outs with International Presence – Buy-side Considerations 

In the changing landscape of mergers and acquisitions, cross-border carve-outs have become a prevalent strategy for companies looking to divest and optimize their asset portfolios. However, the process and complex steps involved can be overwhelming, especially when dealing with international subsidiaries. These carve-outs often consume considerable time and money, particularly as companies face the complexities […]

The State of 2024 Global Expansion Service Providers: Pros and Cons

Getting ready to expand your company into another country is exciting but can also be overwhelming. A key part of your ability to manage your global expansion successfully is how you choose and manage the different services—from employer of record (EoR) or entity set-up to HR and accounting—that you’ll need to start a business in […]

Employment Law Updates in Germany and the United Kingdom

HSP Group is committed to informing you about the ever-evolving landscape of global employment law. We understand that staying updated on legislative changes is crucial for your business operations.  Below, you’ll find an overview of the recent employment law updates in Germany and the United Kingdom. We highlight the key changes and offer recommendations on navigating these developments […]

Entity Management: 5 Tips To Keep Your Business In Compliance

Entity Management: 5 Tips To Keep Your Business In Compliance In today’s fast-paced global economy, maintaining compliance and managing your business entity effectively are critical to ensuring your organization’s success and longevity. Understanding and implementing best practices for entity management can significantly streamline your operations, control costs, and ensure compliance with in-country laws and regulations. […]

Why Your Business Needs A Global Employer Of Record

Why Your Business Needs A Global Employer Of Record Expanding your business overseas is a critical point in your company’s growth strategy. While global expansion can present your company with untapped opportunities for growth, access to new markets, and increased revenue, the resulting complexity of managing a global workforce can be daunting. Integrating payroll across […]

Legislative Employment Changes in Australia and France

HSP’s mission is to offer our partners complete end-to-end global expansion guidance and support. As part of that work, we closely monitor and communicate to our clients any significant, active changes in legislation that can potentially impact business operations. Last month, we wrote about employment changes in Hong Kong, Ireland, and the UK. This month, […]

Managing HR Challenges During Global Crises: Effective Relocation Strategies

In today’s global business environment, companies often face sudden and complex challenges due to crises like wars, political unrest, or natural disasters. These events can disrupt operations and necessitate immediate and strategic action to ensure the safety and compliance of employees, especially when relocation is involved. This blog discusses the critical HR issues companies face […]

Navigating HR Considerations for Global Expansion in 2024

As we step into 2024, human resources (HR) leaders are increasingly pivotal in navigating the complexities of global workforce management. Whether you’re looking to take your first steps towards international expansion or aiming to solidify your global presence, understanding the critical HR elements is essential for your success. Global Expansion Considerations In 2024, HR will […]

6 Proven Steps to Create a Successful Global Expansion Strategy

Embarking on a global expansion strategy can be one of the most significant steps your business takes. As the world becomes increasingly interconnected, the opportunities for growth are boundless. However, it is crucial to navigate this complex landscape with a well-defined plan. This guide will cover everything from what global expansion entails to the benefits […]

Legislative Employment Changes in the UK, Ireland, and Hong Kong

As part of HSP’s commitment to providing our customers with full end-to-end global expansion guidance and support, we closely monitor and track all potential and active legislative changes that could potentially impact our clients around the world. This month, we’re focusing on three countries that have seen significant changes in employment legislation: Hong Kong, Ireland, […]

Expand to Canada

Your Canada Expansion Experts: Entities EoR HR Payroll Compliance Books Enter the Canadian market confidently with HSP Group. When it comes to financial bookkeeping, employer of record services, comprehensive human resources management, stringent compliance adherence, and meticulous payroll management – we’ve got you covered. Speak to an Expert Please enable JavaScript in your browser to […]

The Differences in VAT Rates Across Europe 

Introduction  Most goods and services sold in Europe include a value-added tax (VAT), which is a consumption tax added to the product’s original price. For European countries that are member states of the European Union (EU), there is a requirement for VAT to be no less than 15%, with a current average of 21%.  Today we’ll examine VAT […]

Expansion 101: The Different Types of Global Expansion Strategies

In this dynamic business environment, there are limitless opportunities for business growth and expansion, with various ways for passionate and thriving businesses to expand into new markets and enhance their operations. But for businesses looking to expand globally for the first time, knowing which global expansion route to take can be an early-on hurdle they […]

Cross-Border Hiring between US & Canada: Challenges, Solutions, and Advantages

In today’s digital business landscape, hiring practices have dramatically changed. The rise of virtual teams has spotlighted the challenges and rewards of hiring remotely between the US and Canada. With factors ranging from legal nuances to cybersecurity, it’s essential to grasp the intricacies of cross-border hiring. Let’s delve into it.

How An Employer Of Record Can Simplify Your International Hiring Strategy

We’re thrilled to share a recent feature from BestStartup.us spotlighting the Employer of Record (EoR) services at HSP Group. The insights in this article are sourced directly from Steve Malley, our Global Director of EoR. We’re proud of the recognition and invite you to dive into the details below.

What is Entity Management?

Discover the power of entity management with HSP Group. Our blog explores the importance of effective entity management & how it can benefit your business

Canada

Whether venturing into North America for the first time or expanding across the border, the Canadian market is rife with opportunity. With a low corporation tax rate (15% on profits), beneficial trade agreements, a well-educated workforce, and deep ties with the United States, Canada consistently occupies a top placement on ease-of-doing-business rankings. One of the […]

New US-EU Data Transfer Agreement Boosts Global Expansion

Introduction As a leading provider of global expansion solutions, HSP is committed to keeping our customers informed about the latest developments that shape the international business landscape. Today, we are excited to share significant news regarding the new EU-US Data Privacy Framework. Recently adopted by the European Commission, this agreement marks a crucial milestone in […]

Expanding into Central and South America – Part 2

Bloomberg recently reported that a ‘nearshoring’ push is fueling tech job demand in Latin America. The reasoning behind this push, according to CSIS (Center for Strategic & International Studies), is that the United States is seeking to align with countries in the Americas on key supply chain issues. The intent is to establish special economic zones […]

Cross-Border Carve-Outs: Essential Tax Implications

Part Three: Tax Implications  To conclude our three-part series on cross-border carve-outs, our experts delve into tax-related activities associated with this specific type of business transaction.  From exploring the complexities of setting up a local bank account overseas to debunking the common misconceptions of tax compliance, this final blog will wrap up the series with […]

Expanding into Central & South America: Part 4 – Entity Setup Guide

Throughout June, HSP Group is releasing a series of blogs that delve into the opportunities and challenges of expanding your business to Latin America (LatAm). In today’s fourth and final blog we discuss some of the complexities that arise in the region that can cause delays in establishing a legal entity.

Unlock Global Talent: Embrace the Power of Employer of Record

In today’s rapidly evolving business landscape, companies are no longer confined by geographical boundaries when it comes to hiring new employees. The rise of remote work and digital connectivity has ushered in a new era of opportunities. As the VP of Customer Operations at HSP Group, I’ve witnessed firsthand the transformative impact of Employer of […]

Expanding into Central & South America: Part 3 – Labor Legislation Complexity

Throughout June, HSP Group is releasing a series of blogs that delve into the opportunities and challenges of expanding your business to Latin America (LatAm). Today we’ll discuss the complexities you may face around labor legislation, sharing some specific examples from Brazil and Mexico. Part 3 – The Complex Nature of Labor Legislation If you […]

Data Security: Zellis Breach and Ensuring Regulatory Compliance

Data breaches once again made the headlines last week. In late May, we saw the GDPR rule-breaking of Meta (Facebook), leading to the imposition of a €1.2 billion fine (subject to an appeal), and now there is a potentially disastrous breach of private information held by companies in the UK (United Kingdom).  To date, several major household […]

Insights on Latin American Expansion: 4-Part Series

Through the rest of June, HSP Group will be delivering a four-part series of blogs with a spotlight on expansion into LatAm(Latin America) territories. These blogs will cover the complexities involved when expanding into these territories and inform you of key aspects that will help ensure your journey to growth is smooth and compliant. Part […]

Meta/Facebook fined $1.3 Billion for Breaches of the GDPR

2 Key Steps to Take to Avoiding a Similar Fate The complications of avoiding breaches relating to the European Union GDPR were again laid bare this week. Meta’s platform Facebook received a record-breaking fine totaling $1.3 billion (1.2 billion EURO) imposed this week by Ireland’s Data Protection regulator, sending shockwaves around global business circles. Regulators […]

GateWay: Your Global Growth Management Solution

Are you interested in finding out more about our new global expansion management platform, GateWay?  With so many features to explore and an endless number of benefits for customers, Sam Sengupta, VP, Product, at HSP Group, further outlined some of the key takeaways of the software to give you a better understanding of what to […]

Everything you Need to Know about Legal Entity Rationalization

If you’re currently in a position where you are reviewing your business performance, especially if you are operating internationally, and you’re noticing unnecessary expenditures and drains on resources, then legal entity rationalization may be a profitable and effective solution for you moving forwards. To give you further insight into this area of business management, we’ve […]

Managing Cross Border Compliance Risks | Part 2

Following on from part 1, Emine Constantin, one of our experts at HSP, has discussed some of the core aspects of cross border compliance, and how to efficiently and effectively manage these areas to keep you trading without unnecessary complications.    

Managing Cross Border Compliance Risks | Part 1

When expanding your business into different countries, there are many areas to consider, and cross border compliance is one of the most important things to get right, or else you may be faced with hefty fines and penalties that can halt your global business expansion journey.    With varying rules and regulations in each country, keeping […]

Every Effective Payroll Strategy Needs These 3 Features

Whether hiring overseas for the first time or scaling your global presence, the right approach can eliminate common payroll challenges  Payroll processing involves a lot more than meets the eye. Multiplied by several countries and different vendors, it quickly becomes clear how important a cohesive payroll strategy is to effective management. We have addressed the […]

Are You Absolutely Sure Your Payroll Is GDPR Compliant?

The EU/UK GDPR (universally accepted worldwide as the gold standard for data protection and privacy) demands a lot more than many US companies realize. It may sound like an exaggeration, but it’s a fact: no company can handle GDPR compliance without specialist assistance. The EU’s most significant legislation leaves no room for error. You’re either […]

Using Email to Manage Global Payroll Data? Don’t.

Lack of secure communication is common, elevating the risk of both breaches and noncompliance when managing payrolls across the globe For all the news about data breaches and million-dollar fines for data privacy violations, a surprisingly large number of companies still send emails that include Personal Identifiable Information (PII). In some cases, the practice may […]

Global Payroll Project Consulting

It’s an unfortunate truth: the top reason global payroll implementations do not go live on time is “client readiness.” Lack of client readiness can be broken down as:

The Global Payroll Challenge No Company Should Have to Face

If you can’t access every payroll data point in one place, rethink your strategy. Payroll is the foundation of any company, so why is it frequently so challenging for expanding organizations to manage? The answer comes down to visibility (or lack thereof). This common global payroll challenge is easily avoided. However, we often work with […]

Global Hiring is Taking Off. How Your Business Can Benefit.

With the right support, organizations can use international recruiting as a growth accelerator If you have yet to hire overseas, you may want to consider the benefits of tapping into the international talent pool. For the software industry, in particular, global hiring has solved a host of issues – from finding top tech talent to […]

Conquer the Biggest Challenges of Global HR Administration

International expansion is like an equation with countless and growing variables. Although the addition of each jurisdiction and employee shows your organization is doing well, growth tends to make global human resource administration more complex. 

2023 Countdown: 6 Global Operations Compliance Questions

Preparing now by identifying and rectifying potential issues is important to your success in the coming year As we come to the end of the compliance year, January can be a challenging time for leaders of global operations. These are six critical areas related to global operations compliance that you want to make sure you […]

HSP closes Series B financing to grow GateWay technology

HSP Group, the customer-preferred provider of global expansion software and services for companies seeking to expand overseas, has raised $14 million in a Series B growth capital investment round, which will fast-track the company’s growth plans. New investor ABS Capital led this round, joined by existing investor Baird Capital, which increased its investment in the […]

Global Entity Management: Overcoming Compliance Challenges

If global entity management only involved adhering to a few worldwide standards that rarely changed, it would likely be a manageable endeavor. The reality, though, is anything but straightforward. Local jurisdictions frequently add their own twists on global regulations while the world’s biggest regulatory bodies are not about to rest on their laurels. 

Global Expansion Strategy: The Risks of Going It Alone

You don’t know what you don’t know – and that can lead to costly mistakes when expanding internationally How do you get international expansion right? It all may seem intuitive until reality hits and you find yourself scouring the internet for experts who can help you untangle the latest regulatory challenge, whether it’s entity management, […]

Watch: Data Privacy Laws – A Must for Every Business

How confident are you that your organization complies with data privacy laws? If you waver even for a second before answering, you’ll benefit from watching this webinar with Michele Museyri, Business Development Director at HSP Group. 

Tackling 4 Common Global Expansion Challenges with FinTech

Global markets present incredible opportunities. And success stories are everywhere. But even the fastest-growing global companies typically have to overcome quite a few hurdles to thrive internationally. Now, their experiences provide useful lessons for other organizations eyeing cross-border growth. 

HSP Group Adds Self-Service Entity Management to GateWay

Global expansion solutions disruptor HSP Group has added self-service entity management to GateWay, its proprietary technology, which has been designed to revolutionize the way companies manage their international operations. GateWay Entities provides customers with the flexibility to digitally manage aspects of their business themselves – putting them in control across all their global entities.

HSP Group Announces Second Round of Funding in Technology

HSP Group, a provider of global expansion software and services, announced the recent completion of the second tranche of its Series A investment led by Baird Capital. This round of funding aims to accelerate HSP Group’s investment in technology and employees as it works to disrupt the global expansion services market in the years ahead.

Streamlining Global Business with CRM-based Solutions

Many global service providers aspire to have a single source of data, one central location holding all client and internal information, and to manage and maintain all of it in compliance with Data Protection laws around the world.

Disruptive Solutions for Success in the US Market

Why is setting up a business in the USA so challenging, especially if you have never done it before? Setting up a business in the USA should be relatively straightforward, shouldn’t it? After all, the USA entrepreneurial “can-do” business attitude, thriving and profitable multinational corporations, and reputation for business-friendly practices and laws are driving expansion […]