Factors | DevX’s EOR | Setting up own Entity |
---|---|---|
Speed of Market Entry | Ready to hire in days or weeks | Takes 6-12 months to establish a legal entity |
Cost Efficiency | Low upfront cost, no legal setup fees | High cost—registration, legal, operational expenses |
Compliance & Legal Risk | Fully managed by EOR, ensuring 100% compliance | Requires in-house legal & HR teams for compliance |
Payroll & Tax Management | EOR handles payroll, benefits & taxes seamlessly | Complex tax structures & local payroll management |
Scalability & Flexibility | Easily scale teams across multiple countries | Requires registering a new entity in each country, delaying team growth |
Liability & Risk Exposure | EOR absorbs employment-related risks | You have to bear full legal responsibility for compliance, & disputes |
HR & Employee Benefits | EOR handles entire employment lifecyle—benefits, compliance, support | Requires building local HR systems & sourcing benefit plans from scratch |
Simple, Transparent & Fair Pricing
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Frequently asked questions
What is an Employer of Record (EOR)?
EOR – Employer of Record is a third-party organization that legally employs workers on behalf of the company. It manages hiring process, payroll, compliance, and enables businesses to hire employees in a foreign land without having to worry about local rules & laws. The hired employee would then be working for the company, while the EOR will manage everything from payroll to compliance. At Momentum91, we offer top-notch EOR services in India, helping you hire Indian nationals with ease, while we take care of the legal aspects & offer your employees a cohesive workspace.
Can I recruit in India without an EOR?
Yes, you can, no doubt about it. But international hiring itself brings so many complexities, policies and legal compliance, which on not following can land you in trouble. In this stage, having EOR as a partner proves to be helpful. It will help companies expand into new markets faster by handling risks and admin work, so they can focus growth.
What are benefits of using an EOR?
There are multiple benefits EOR offers. Not only can you hire employees worldwide, but you can do it without hiring a local entity. Moreover, as different countries have different laws, having an EOR, you get expert guidance on local tax laws and regulations. Besides, quickly boarding new employees is another great benefit of using EOR services. Over & above that, you will be able to speed up your global expansion without drowning in local compliance of different countries.
How quickly can I onboard a team member with Momentum91?
Once you select a candidate of your choice, our backend team at Momentum91 will onboard them in your team within a week. Our efficient process combined with local knowledge wil make sure that the candidate you hire starts working for your company promptly.