Here’s Why You Need to Take Your Business Offshore
Although often used interchangeably with the term ‘outsourcing’, offshoring involves moving particular business operations or manufacturing overseas, while the company remains domiciled domestically. Outsourcing does involve contracting some services to a third-party company, but it does not necessarily mean that the operations will be moved outside the country.
Many businesses prefer offshoring solutions due to lowered operational costs, tax effectiveness, and other options of acquiring better profit margins. Below are some benefits that probe companies to take business operations offshore.
Driven by investment and international trade and connected by technological advancements, globalization has quickly created opportunities for organizations structured offshore. With no traditional barriers in the way, it is important to grow your business globally. Chances are, the market you have not thought about yet can help your business grow substantially. Offshoring solutions and globalization help businesses spot opportunities in emerging markets while gaining an edge over the competition.
Access to Vast Pool of Talent
The offshoring model gives you access to a vast pool of highly skilled talent with relevant experience, licenses, and knowledge. At ADDMORE Services, we work with qualified individuals and teams with extensive experience supporting multiple clients across various industries.
Having an extension of employees working in a different time zone can help your business enjoy the opportunity of remaining connected and offering support to clients 24 x 7 x 365. These highly trained employees can fulfill the client’s ever-changing needs while providing a higher level of customer service to enhance their experience with quicker and direct contact with the business whenever needed.
Registering an offshore company means you will need to pay lower business taxes because non-resident companies enjoy several tax exemptions in various countries. However, to ensure your business meets all legal requirements, it is best to consult experts at ADDMORE Services for setting up the business operations offshore.
Reduced Administrative Responsibilities
Businesses are always looking for trends to minimize the risk, operating, and overhead expenses while maximizing efficiency, productivity, and profitability. Third-party offshore services providers like ADDMORE Services can help you curate your own department or studio in the Philippines and other countries.
We facilitate the payroll, HR, office space, utility costs, and all legal responsibilities as per the law, leaving you ample time to work on things that would make a bigger difference to your business’s bottom line. Get in touch with us now to leverage significant cost savings while retaining control over the team and their tasks.
If you are looking for more outsourcing solutions, we also offer cost-effective pricing solutions for a wide range of outsourcing services, including but not limited to Revit design services, BIM modeling solutions, construction cost services, takeoff estimating services, construction project management, architectural drafting services, quantity surveying services, contract administration, 2D and 3D CAD drafting services, Primavera modeling services, and more.
We provide services to clients worldwide, but mainly in the Republic of Ireland, the USA, the UK, New Zealand, Australia, and the Middle East.
By: admin | October 16, 2021