Entity setup

How it works

We help set up your company abroad and take care of all legal implications and regulations.
 

• Your own footprint
  We help you set up your local footprint.
   
• More control and flexibility
  Having your own entity gives you full control over all business processes.
   
• Full access for custom processes
  Easy for equity exchange and custom labour conditions.
   
   

Expand globally with your own entity abroad

Why would you need a foreign entity?

Using our Professional Services, help you easily set up your own foreign entity. By establishing your own foreign entity, you can have more control and flexibility over your operations, enhance your brand image and achieve long-term cost savings.

We support setting up the foreign company and maintaining international Payroll and HR. If you think about expanding abroad on a long-term basis with multiple employees, having your own entity can be cost-effective in the long run. You can establish a local presence under your own brand name, all employment contracts will be within your own company and there is a wide range of possibilities involving equity and labour conditions.

Reasons to outsource foreign entity set-up

• Complexity of processes: Setting up a business in a different country involves navigating various country-specific steps and regulations.
• High initial costs: Establishing a physical structure or address, registering with local tax and employment authorities, and meeting compliance requirements can be expensive.
• Administrative tasks: Essential tasks include opening a bank account, setting up payroll systems, and coordinating with government officials.
• Specialized expertise required: You may need to hire specialists like tax accountants and lawyers to ensure compliance and efficiency.
• Time and resource savings: Outsourcing these tasks to Parakar allows you to focus on growing your business while we handle the complexities of entity set-up.