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Keeping in mind the parameters or objective of the foreign investors, we provide customized solutions in order to create a competitive edge.
Wage portability is a relatively new way of working wherein a person can enjoy the liberty of being an entrepreneur while enjoy the advantages of being an employee. This new way of working is between the independent system and the traditional wage – earning, wage portage allows self – employed workers to get paid as if they were employees of a company. This approach is balanced and advantageous alternative for salaried contractors, combining the advantages of wage – earning and the autonomy of entrepreneurship.
The service provider makes a payment to the wage portage companies for services rendered. The consultant/contractor signs a contract with a wage portage company, professional fees are converted into salaries. The consultant/contractor then receives his monthly emoluments. A wage portage is based on tripartite contractual obligations:
Consultant: Self-employed with domain expertise capable of undertaking assignments in individual capacity / as a consultant.
Client Company: The company which requires qualified experts
Portage Company: The intermediary between the salaried contractor and the customer for which he provides services.
Thus, the steps involved are:
Wage portage arrangement is more appealing to both consultants and client companies. As a matter of fact, companies consider wage portage particularly flexible. The consultants administrative, social and accounting obligations are the responsibility of the wage portage company.
Certain investors would prefer entering India by collaborating with an already existing Indian entity or outsourcing specific portions of their orders to Indian sub – contractors. Keeping in mind the parameters or objective of the foreign investors, we provide customized solutions in order to create a competitive edge. Some options are as under:
A foreign investor needs to identify and evaluate the options available in light of the business objective and goals, opportunities and regulatory framework. Our Approach: