When launching a new business entity or startup to bring
disruptive ideas to life, entrepreneurs often focus on minimizing
costs rather than risks. Yet, the ultimate goal is to scale the
business and achieve unicorn status, isn't it?
When advising clients, I always ask: how can we simultaneously
address cost-efficiency and risk mitigation while laying a solid
foundation for future growth?
For the IT world and Global Mobility Programs, one effective
solution is the Employer of Record (EOR) service. This third-party
service allows companies to hire employees in multiple countries,
including Lithuania, without establishing a local legal entity. The
EOR handles all legal responsibilities, including payroll, taxes,
and compliance with local regulations. Let's explore how EOR
services benefit various stakeholders:
