Entity Set-up
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.
Entity setup
While there will be slight differences by country, this is the standard process.
Working with Parakar
Expertise and experience: Setting up a new entity can be a complex process, we are experienced in this area and can ensure that everything is done correctly, compliantly, and efficiently.
Time savings: Setting up a new entity takes time, especially if you are unfamiliar with the process in an unfamiliar country. We know its way around and, allows you to focus on other tasks.
Convenience: With our support everything is handled in one place and a single point of contact. You do not have to deal with multiple parties and agencies.
Cost savings: Using our services can be cost-effective, especially if you’re not familiar with the process and may make mistakes that can be expensive to fix or face penalties.
Professionalism: We ensure that everything is done compliant, correctly and professionally.
Speak to our experts
Our Frequently Asked Questions
Below you’ll find answers to the most burning questions you may have about Parakar. If you can’t find the answer, we’re more than happy to answer them in a consult.
Founded 20+ years ago by Johan Opperman, now Parakar has grown to an enthusiastic team of young professionals. Our experts are located in our offices in Dublin, Breda, Cologne, Barcelona, Paris, Brussel, Milan, Warsaw, Lisbon and London. All local specialists are ready to help you out with HR and payroll. With the support of sales, marketing and finance Parakar forms a great team for growth in the future!
The Parakar Group was founded in the Netherlands around the turn of the millennium (2001) by Johan Opperman. It has since rapidly expanded into its present form where we help companies all over the world expand their business.
All our services are to make your employees start working internationally. If you’re expanding your business abroad, Parakar takes care of your people abroad.
We take full responsibility for payroll, taxes, compliance and all the administrative burden that come with moving your business abroad. While you focus on managing your business, we take care of employment management. Check out all our services.
Parakar provides employment services in the Netherlands, Ireland, Germany, Belgium, Spain, France, United Kingdom, Poland, Italy and Portugal. All HR experts speak the local language and we have all the knowledge of the local employment law and administrative matters that comes with employing people in the specific country of choice. Next to that we’re located in every city centre of the countries we serve.
Although we’re focused on providing support in the countries we know best, we deliver our services in many other countries too. We do this through a strong partner network which basically covers all other European countries. Over the years we offered services all across Europe for our partners to help them organize a great employment migration.
Parakar chooses to focus on delivering high quality services in the countries we know best. We’re located in the city centres of the countries we serve, so we always know our way around.
Trust and personal service is really important in our work. We do everything in thinking along, both on a business and on a personal level. With years of experience we run faster than everyone else within the clear agreements that we make with a client. Parakar is more then your local HR-department, we’re your local partner.
Parakar is happy to help you out with a quote. Please contact us by filling out the contact form below or give us a call! You can find all our contact information at the contact page. We will get back to you as soon as possible!
There is no minimum number of employees to use the services of Parakar. We can help you out from one employee that requires our services.
With Parakar, the extra mile goes a long way. We look further than the standard services we offer so please contact us directly if you cannot find the answer to your question on our website.