Life in this day and age is now becoming incredibly fast-paced. Thus, it is really inevitable that businesses these days turn out to be exceedingly bloodthirsty as well. As a matter fact, this case is really apparent in offshore staff leasing.
Today, a lot of companies especially in North America and Western Europe count on offshore staff leasing. For this reason, companies in the First World are now beginning to evaluate if what are the best countries today that offers excellent offshore staff leasing that at the same time goes well with their standards too.
Actually, availability and quality of workforce, cost of infrastructure, tax agreements, skills and technology match, and quality of work to meet specific services are mostly the decisive factors when it comes to choosing the top countries in offshore staff leasing.
In terms of the best tax incentive for offshore companies, Belize and Seychelles top the list for offering absolute tax exemption to non-resident companies. British Virgin Islands grants exemption from business and capital taxes regardless of your nationality. On the other hand, Cyprus, the Netherlands, and Barbados offer advantageous tax treaties with foreign investors.
On the other hand, an offshoring analyst proposed ten criteria for a country’s offshore operations worthiness. These are government support, language, culture, skills match, education, economic and political viability, infrastructure, cost, and security (covering intellectual and privacy rights), and global competitiveness. Then he sectioned the countries into regions: the Americas, Africa and the Middle East, Asia Pacific, and Europe.
As a result, Argentina, Brazil, and Canada got the top three places (in that order) in the Americas, while New Zealand, Australia, India, and the Philippines got the top four places (in that order) in the Asia Pacific region.
In addition, this scientist also rated these countries’ offshore worthiness using the poor, fair, good, very good, and excellent scales. Using these and the over-all offshore and leased staff competency, India and Mexico come out as the best offshore destinations in the world today.
However, that doesn’t mean that countries that got a poor rating already performed inadequately. In a similar survey made by Global Services Magazine and Business Standard, India has 6 cities perfect for offshore and leased staff service, Dublin ranks 4th, and Manila ranks 6th over all. In yet another list of “Emerging Global Outsourcing Cities” India has 4, but the Philippines’s Cebu gets the number one spot.
Nonetheless, Indian offshore experts admit that the Philippines is fast catching up because the country’s demands for outsourcing, offshore and staff leasing are at an all time high regardless of the global economic downturn. In fact, Manila’s BPO revenues are half of that of India’s even though Manila’s workforce is not nearly half of India’s.