08
Jul

Inquiries & Fees, Simulations, and WFH Plan (4th GEO)

 

 

GEO service

What is the difference between GEO/PEO/EOR?


  • GEO service means Global Employment Outsourcing (or Global Employment Organization). Using our GEO service, you do not need to establish a company in Vietnam, but can recruit Vietnamese employees (engineer, designer, accountant architect, BPO staff…)
  • EOR: Employment of Record
  • PEO: Professional Employment Organization → Focusing on Outsource service of the HR department (all of labor work such as recruit, attendance, payroll, tax matter..).

<Our GEO service definition>

GEO= EOR + PEO in Vietnam

Our laboratory-style offshore development (GEO) services are aimed at expanding into Vietnam, commissioning pre-company testing, securing talented engineers and other human resources, and also being able to operate a large team remotely.

With covid-19, post covid-19 situation, global moving is not so easy. And remote work has been more popular. In these situations, you do not need to establish a company and send a person to manage the company in Vietnam.

You can reduce the cost to establish a company and time to prepare all of it. Focus on your own business.

Price table (this fee for 1 staff/month)

Content Basic (200 USD) Standard (350 USD) Predium (500 USD)
Management staff
Workplace WFH Office
It Comter No
Mtg Support 2h/month
Free Recruitment <500 USD(salary)
Support Other service

Iticial cost

Recruitment fee
Under 500 USD free
500 – 1000 USD 1month of salary
Over 1000USD 2month of salary
Deposit 2 month salary after probation term (2months)
Device Purchase for staff (provide by customer)
MTG support (4h/month) 200 USD
Communicator (40h/month) 500 USD
Expense appear
Company trip 250-400 USD/person/year
Health check 50-100 USD/person/year
Tet (new year) bonus 1month salary/person
Company party 30 USD/person

Easy and easy-to-understand pricing structure The initial cost is free. The equipment will be used by your company, but if you prepare it here, we will charge the actual cost. Staff salary + social insurance fee (about 20% of salary) and management fee are charged every month. management fees are as follows.

Compare

  • Doesn’t take too much time and initial cost. Geo will help your Company operate after 30 day from the start of the plan.
  • The use of Labo model will help businesses have time to adapt to Vietnamese culture before choosing to establish a long-term company.
  • Monthly payment regardless of project progress
  • Minimum 1 year recruitment contract term, do not worry about employees quitting suddenly.
  • Project data can still be managed in case of sudden employee leave.

All of Establish fee, you don’t need pay when you use GEO Service

Item (initial cost) Price Remarks
Vietnam corporation establishment fee 10,000 USD Request agency service
Office Costs 6,000 USD 2 months’ rent in advance, 2 months’ worth of security deposit
Office Interior 5,000 USD  
Office Furniture Purchase 2,500 USD
Office Network 500 USD Internet, telephone, etc.
Recruitment 8,300 USD Referral fee: 2.6 months of monthly salary
Total 24,000 USD It took 6 months to complete the company establishment procedure.

If you have created an IT development team of 5 staffs

Job Monthly salary Remarks ES GEO
Senior PHP Engineer 2,000 USD 5 years of experience
Regular PHP Engineer 1,200 USD 3 years experience
Regular Android Engineer 1,000 USD 2 years experience
IT Communicator 800 USD 1 years experience
Designer HTML coder 700 USD 2 years experience
Accounting and General Affairs Staff 700 USD  
Representative 3,000 USD
Office Rent Fee 1,500 USD
Office expense 500 USD Electric,water, internet…
Management fee 2500 USD
Monthly total 11,400 USD 8,300 USD
 

Advantages of Labo compared to Outsource

  • Monthly payment regardless of project progress
  • Minimum 1 year recruitment contract term, do not worry about employees quitting suddenly
  • Project data can still be managed in case of sudden employee leave

Offshore Development Subcontracting Outsource GEO (Labo)
Senior engineer 5,000 USD 2,000 USD
Junior engineer (3 staff) 9,000 USD 2,000 USD
Project manager 6,000 USD 3,000 USD
Management fee 0 USD 2,500 USD
Social security 0 USD 1,600 USD
Monthly total 24,000 USD 12,100 USD
Monthly price per person 4,000 USD 2,420 USD / person

 

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