In 2023, India and Sweden marked their 75 years of diplomatic relations and both sides are looking to expand their existing business collaboration and partnership in the coming years.
An International PEO acts as the legal employer of the international workforce. A company can hire international employees without setting up a legal entity. It is also known as Employer of Record.
The concept of Employer of Record (EOR) has undergone significant evolution in response to the demands of a globalized economy, rising outsourcing trends, and the intricacies of compliance and risk management across varied regulatory landscapes.
One key aspect of international PEO is that a foreign business can enter the Indian market without setting up a legal entity when partnering with an Indian PEO.
India and Switzerland share a longstanding history of diplomatic ties that have evolved into a robust collaboration, especially in the business sector which created business opportunities.