We build and run your local company. Then we hand it over to you.
Truerix sets up your subsidiary, finds your premises, puts accounting, payroll and HR in place, and runs day-to-day operations for an agreed period. When the business is stable, we transfer everything to your own team.
Your own company, without building it alone
EOR is the fastest way to hire your first people. Setting up alone gives you control but needs a local team on day one. BOT combines both: you own the company from the start, and we provide the local team until yours is ready.
| Employer of Record (EOR) | Build-Operate-Transfer (BOT) | Set up on your own | |
|---|---|---|---|
| Who owns the local company | No local company needed; Truerix is the legal employer | You, from day one | You |
| Who runs daily operations | You manage the work; Truerix handles employment | Truerix, under your direction, until transfer | Your own local team |
| Time to first hire | Days | Days, using EOR while the company is set up | Months |
| Local licences, leases, tenders | Not available in your name | Yes, held by your company | Yes |
| Best for | Small teams, testing a market | Long-term presence: offices, factories, larger local teams | Companies with in-country experience |
Three phases, one agreed plan
Every engagement is shaped around your plans. We agree the scope and the handover with you in writing before we start.
Build
We set up the legal and operational foundations of your company.
- Company registration in your name
- Site selection for office, warehouse or factory
- Tax, licences and bank account set-up
- Accounting, payroll and HR in place
- Recruiting your first team
Operate
We run back-office operations while you focus on customers and growth.
- Accounting and bookkeeping
- Payroll and tax filings
- HR administration
- Office and supplier management
- Regular reporting to you
Transfer
When the business is running smoothly, your own team takes over.
- Smooth handover of staff and operations
- Books, records and systems
- Knowledge transfer to your team
- Ongoing support if you need it
Hire your first people before the company is ready
Setting up a company takes time. With Truerix you don’t have to wait: your first employees can join through our Employer of Record service, then move to your new company once it’s ready.
First hires start under Truerix EOR while we set up your company.
Your company is ready. Employees move across.
Truerix runs operations while you grow.
Your team takes over.
Clear ownership, ready for banks and regulators
Your company’s ownership and control are clear from day one, and every party to the engagement is known and verified.
Your company, in your name
The company is incorporated with you as shareholder. Your ultimate beneficial owners are recorded on the official registers from the start.
Full KYC before we begin
We verify your company, its directors and its beneficial owners before signing, and review them periodically during the engagement.
Your records, always yours
Books, contracts and company records belong to your company from day one. You and your auditors can access them at any time, not only at transfer.
Your bank account, your signatories
The bank account is opened in the company’s own name, with your authorised officers as signatories. Payments follow an approval process you control.
Written scope and transfer plan
A service agreement sets out the scope, duration, fees and transfer date. Every action we take on your behalf is logged and reported to you.
Sanctions and lawful activity
All clients are screened against international sanctions lists. We don’t take on engagements involving sanctioned countries, persons or prohibited activities.
When BOT is the right choice
BOT is a good fit if you
- Plan a long-term presence in the country
- Need premises, a factory or local licences in your own name
- Expect to build a sizeable local team
- Want your own company without first building a local finance and HR team
- Need to bid for local contracts or tenders
Consider another model if you
- Are testing a market with a small team: Employer of Record
- Already have a local entity and only need payroll: Global Payroll
- Want to set up and run the company yourselves: Entity Setup
Common questions
Who owns the company during the Operate phase?
You do. The company is incorporated with your group company (or the shareholders you nominate) as owner from day one. Truerix provides services under a written agreement and never holds shares in your company.
How long does a BOT engagement last?
It depends on the country and your plans. You decide how long we run the business, and you can take over as soon as your own team is ready.
Which countries do you cover?
We deliver BOT through our own entities in key markets across Europe, Africa and Asia-Pacific, and through vetted local partners elsewhere. Tell us where you plan to go.
What happens to employees at transfer?
Employees are already employed by your company, so they stay where they are and only the management changes.
How much does it cost?
Every engagement is quoted individually, based on the country and the scope of services. Contact us for a proposal.
Planning a long-term move into a new market?
Tell us where you plan to go and what you want to build. We’ll talk you through the options and prepare a proposal.
This page is general information and is not legal or tax advice. Scope, timelines and availability vary by country and are confirmed in each proposal.