Navigating Global HR Challenges: How SMEs Can Efficiently Manage International Teams
Expanding globally is a significant milestone for any small to mid-sized company (SME)—signalling that the company is ready to grow by embracing new markets. But the opportunities this expansion presents also bring operational challenges for HR leaders tasked with managing the resulting international workforce. We see these challenges focused on a few key areas: leave […]
Ready for Business: The Importance of People and Local Compliance in Cross-border M&As
Cross-border mergers and acquisitions (M&As) offer significant opportunities for small to midsize enterprises (SMEs) looking to accelerate global growth. However, capturing these opportunities requires meticulous preparation, especially concerning employee integration and operational readiness. When I work with clients to guide international M&A projects, one of the points that I most frequently emphasize is how […]
5 Signs it’s Time to Switch from an EoR to an Entity
Simplify your global growth and make smarter long-term expansion decisions. Expanding internationally often starts with agility and speed — making an Employer of Record (EoR) a practical choice for fast market entry and initial hiring. However, as your business matures in a market, there comes a point when an EoR may no longer be the […]
Navigating Compliance & Risk Management in LATAM: Key Webinar Insights
Expanding into Latin America presents exciting opportunities but also significant challenges. In a recent webinar titled “Lost in LATAM? Common Expansion Pitfalls & Fixes,” Felix Fualefac, Director of Global HR Consulting at HSP Group, shared key insights into some of the most pressing expansion hurdles in Mexico, Brazil, Costa Rica, and Colombia. Below, we […]
Global expansion: How top companies reach beyond their borders
The following article was originally published by SoftBank Vision Fund and is reposted here. We’re sharing it to highlight key considerations for companies exploring global expansion — a topic close to our work and the challenges our clients often face. Consider this scenario: Your business is thriving across the United States. Demand is soaring, […]
Trump’s 2025 Tariffs: Challenges & Opportunities for Global Business
Trump’s 2025 Tariffs: What Global Businesses Need to Know Now Earlier, we explored how tariffs shape global expansion in our blog post on the impact of trade policies. Now, with Donald Trump’s new tariff measures in effect—25% on imports from Canada and Mexico, 10% on Chinese goods—the trade landscape has shifted further, requiring an updated […]
The EU just released the world’s strictest AI law. Are you ready for AIA?
The new EU AI Act (AIA) is the EU’s new flagship artificial intelligence law. It is designed to heavily regulate the use of AI by companies that operate inside the European Union and who use AI to conduct a variety of activities that affect EU citizens. These activities are organized into categories and range from […]
The Role of Employer of Record (EoR) in Successful Overseas M&As
Companies use mergers and acquisitions (M&As) as a strategic pathway for global expansion for many reasons – market saturation, supply chain diversification and competitive pressures being the most common. It’s not uncommon for companies that have saturated domestic markets to begin looking abroad for new opportunities. Similarly, competitive pressures can drive businesses to expand overseas, […]
Unlocking the Power of Duty Drawback: A Game-Changer for US Companies with Global Ambitions
As the global trade landscape continues to evolve, US companies with international operations are constantly seeking ways to optimize supply chains, reduce costs, and maintain competitiveness. One often-overlooked but highly effective strategy is duty drawback. This program can have a significant impact on a company’s bottom line by allowing businesses to reclaim duties paid on […]
HR Support for International Employees: Addressing 10 Frequently Asked Questions
When we work with companies on planning and executing their global expansion strategy, we frequently come across a set of common challenges that many of our clients face. Today’s blog focuses on ten of the most common questions that our clients ask us when they expand overseas. You’ll notice a common theme in many of […]
Navigating Upcoming Employment Law Changes in the Netherlands
Navigating Upcoming Employment Law Changes in the Netherlands If your business is operating in the Netherlands, several important legislative changes will impact employment relationships, contractor agreements, and payroll structures. From stricter enforcement of contractor classifications to evolving non-compete regulations and pay transparency requirements, these developments require proactive attention to ensure compliance and minimize financial and […]
The Top Recruitment Challenges for Business Expansion into Poland
Continuing our series with our partners at reesmarxGlobal, our next country of focus is Poland. Expanding your business into Poland offers immense opportunities, thanks to its thriving economy, strategic location in Europe, and highly skilled workforce. However, as with any market, it presents unique recruitment challenges that can impact the success of your expansion. Understanding […]
The Impact of Tariffs on US Companies: A Catalyst for Global Expansion
The imposition of tariffs has become a significant factor in the global trade landscape, affecting businesses worldwide. Given the recent changes in the US administration, now is an excellent time for US-based companies to better understand the opportunities and challenges that tariffs present. That’s because tariffs can have far-reaching implications, influencing businesses’ strategic decisions and […]
Athennian Partners with HSP Group to Transform Global Entity Management
HSP Group is always looking for ways to simplify complex workflows and empower organizations to manage their global operations with confidence. That’s why we’re thrilled to announce our strategic partnership with Athennian, a leading entity management solution. This partnership combines the best of both worlds: Athennian’s powerful entity management software and HSP’s comprehensive managed and […]
Belgium’s Key Work Permit Updates for 2025: Salary Thresholds & Compliance
Belgium: Key Updates for 2025 As we move further into 2025, employers hiring foreign nationals in Belgium must stay informed about important regulatory changes. The country has implemented regionalized work permit requirements and updated salary thresholds, which will significantly affect the hiring process. With diverse regional policies in place across Flanders, Wallonia, and Brussels, it’s […]
Key Regulatory Changes for Employers in Ireland for 2025
Ireland: Key Updates for 2025 Employers in Ireland need to stay informed about important regulatory changes that will impact their operations in 2025. From the minimum wage increase to new leave entitlements and changes in employment law, being prepared is key to ensuring compliance and smooth operations in the year ahead. Here’s a breakdown of […]
Understanding Recruitment in Costa Rica: Challenges & Strategies
Understanding Recruitment in Costa Rica: Challenges & Strategies Recruiting talent in Costa Rica presents a mix of opportunities and challenges for businesses looking to expand and strengthen their workforce. The country’s strategic location and skilled labor pool are attractive, yet recruiters must navigate various obstacles to find and retain the right talent. In this blog, […]
The Real World Benefits of Outsourcing Entity Management
The landscape for today’s globally expanding companies is in a state of constant change. As we wrote in a previous blog, that makes entity management a critical component of a successful, competitive global company with plans for more growth. We’ve also written many articles on how companies can take their first steps into global expansion, […]
Key Regulatory Changes for Employers in Germany for 2025
Germany: Key Updates for 2025 It’s essential for employers operating in Germany to stay informed about key compliance reminders and upcoming regulatory changes for 2025. From vacation entitlements to wage tax requirements, understanding these updates ensures that your business remains compliant and prepared. Here’s a breakdown of what you need to know: 1. Vacation Usage: […]
Mastering Cross-Border Expansion: Insights from a FinTech Success Story
Global expansion is often a game-changer for businesses, offering unprecedented growth opportunities. However, this journey comes with challenges, particularly when managing multiple global expansion service providers across various countries. This complexity can detract from a company’s core mission, turning a promising venture into logistical challenges that can be overwhelming for companies. A high-growth FinTech company, […]
Navigating Global Accounting Standards: Key Insights for International Businesses
Operating internationally brings opportunities but also complexities, particularly in accounting. Companies entering foreign markets must navigate an array of unique accounting standards and compliance requirements, which differ significantly from those in the U.S. Here, we break down the most pressing global accounting challenges and how businesses can proactively address them to maintain compliance and operational […]
Understanding Recruitment in Japan: Key Laws, Culture, and Trends
Continuing our series with our partners at reesmarxGlobal, our next country of focus is Japan. Expanding into Japan presents unique challenges for businesses, particularly in the areas of labor laws, talent acquisition, and cultural adaptation. While Japan offers numerous opportunities in high-demand sectors such as IT, manufacturing, and engineering, the country’s business environment is shaped […]
The Importance of Effective Entity Management
In an era where companies are increasingly looking to global expansion as a means for growth, the challenges they face are increasingly complex due to the ever-evolving regulatory and legal global landscape. Even as companies are eager to expand into new overseas markets, these growth opportunities can also introduce a host of complexities and risks. […]
Navigating Recruitment Challenges in Germany: A Deep Dive into Labor Laws, Cultural Nuances, & Market Trends
Expanding into new jurisdictions is a challenge for any business, but some markets are more complex than others. In this blog series with reesmarxGLOBAL, we’ll be exploring the recruitment and employment landscape in five countries, highlighting the unique challenges businesses face. First up: Germany. Known for its robust economy, advanced industries, and strict labor laws, […]
Enhancing Reach: Leveraging Advisory Services for CPA Firms
Today’s CPA firms have the potential to grow their sources of revenue by expanding their service offerings—specifically by offering consulting advisory services in addition to their existing traditional, high-value accounting services. Today’s blog will explore the different ways in which CPA firms can seamlessly integrate advisory services into their portfolios. Our next blog will feature […]
Office FOMO? New employees may be missing out on career growth opportunities
Originally published on Welcome to the Jungle. There’s no shortage of perks when it comes to remote working—cut the commute, more time for yourself, the privilege of working from anywhere … maybe even in your pajamas. But as more and more people return to the office, young workers in fully remote arrangements are feeling the FOMO. […]
UK’s New Electronic Travel Authorization (ETA): Key Information for Organizations and Travelers
The UK’s Electronic Travel Authorisation (ETA) program is being introduced as a new travel requirement for visitors, students, and business travelers from countries outside the Common Travel Area (CTA). This authorization is set to simplify entry requirements while maintaining security standards, so it’s essential to understand its implications for individuals and sponsoring institutions. Understanding the […]
What is Global Mobility and How an EoR Can Help
What is Global Mobility? Global mobility refers to the movement of employees across international borders to foster growth in global markets. Typically, it involves hiring, relocating, and managing staff while ensuring compliance with all legal and tax requirements across all jurisdictions. Effective global mobility requires a holistic strategy aligned with your company’s growth goals, efficient […]
Navigating Overseas Expansion into the US: 13 Costly Mistakes to Avoid
Expanding your business into the United States can be one of the most rewarding decisions for your company. As the world’s largest economy, the US offers vast opportunities for growth and profitability. However, the journey is fraught with potential pitfalls that can impede your success and lead to unexpected costs. In this blog, we’ll summarize […]
Would Your Company Benefit From Global Entity Management?
Businesses seeking to expand internationally—whether they’re beginning with their first overseas entity or adding to their international presence—must seek efficient legal entity management to manage the operational complexities that global growth presents. For any business, regardless of size or industry, effective legal entity management is critical to both compliance and the proper governance that drives […]
Global Expansion Solutions: Taking Your Business Worldwide
Expanding your company overseas is a large, complex endeavor. A successful approach to global mobility relies on your ability to identify and execute on the proven global expansion strategies that will help you scale your business efficiently while minimizing risk and maintaining a positive employee experience across every country in which you operate. This blog […]
Introduction of Mandatory Auto-enrollment Pension Scheme: Ireland
Ireland is set to introduce a new auto-enrollment pension scheme aimed at increasing retirement savings among workers. This scheme will begin enrolling employees in 2024, with contributions starting in January 2025. The auto-enrollment system will apply to employees aged 23 to 60 who earn over €20,000 annually and are not already in an occupational pension […]
HSP Group Joins the BDO Alliance USA Community
HSP Group Joins the BDO Alliance USA Community HSP Group Joins the BDO Alliance USA Community Tampa, FL – HSP Group is excited to announce it is now providing services to clients and independent members of the BDO Alliance USA, as part of its Vendor Marketing Program. As part of this program, HSP Group will be able […]
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, […]
Protected: Success Story: Facilitating A Leading Global BioTech Firms’s Expansion
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Mastering International Business Expansion: 6 Key Strategies for Legal, Tax, and Compliance Success
You’ve decided to expand internationally, but are you aware of all the steps involved in the process? When considering international business expansion, it’s crucial to understand the myriad steps involved. From legal structures to compliance demands, this guide covers everything you need to know. 1. Permanent establishment and legal entity options One of the first […]
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 […]
Payroll Management Technology and How it Can Help You
In this blog, we’ll explore the concept of payroll management technology and how it can help you streamline operations, save time, and ensure compliance.
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.
Why you Should Outsource your Global Payroll
Is Global Payroll stressing you out? We take a look at the advantages of outsourcing your global payroll, how you can do it and what the process actually looks like.
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.
How HSP helped Morpheus Talent Solutions Expand to the US
Find out how HSP Group helped Morpheus Talent Solutions with its US expansion journey with this exclusive interview with Morpheus co-founder, Mike Swetman.
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 […]
Doing Business in the USA: A comprehensive guide
The United States is the biggest market in the world, offering many exciting opportunities for those who operate within its borders.
US Inbound 101: The Ultimate Guide to Expanding into America
For businesses looking to expand to the USA, there is enormous potential for growth and access to a large talent pool that can help your business to thrive.
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 […]