HSP Group review – Services, prices, and features explained

HSP Group is a global expansion service provider offering comprehensive solutions designed to streamline the complexities of international business operations. The company has established itself as a leader in the field, helping companies manage their global footprints by simplifying legal, HR, tax, and international payroll challenges across multiple jurisdictions. Below is a review of HSP Group services, pricing structure, and unique features for businesses looking to expand globally.

HSP Group review – Services offered

HSP Group provides two primary service categories: Global People Services (GPS) and Global Entity Services (GES).

Global People Services:

• Payroll and HR support: They offer global payroll management, ensuring compliance with local regulations, accurate payroll processing, and efficient program management across borders. The Employer of Record (EoR) service allows companies to legally hire employees in foreign markets without needing to establish local entities.
• HR administration: This service covers recruitment, onboarding, and offboarding, benefits management, and HR advisory support for businesses with international employees.
• Global mobility solutions: They assist with the movement of employees between countries, ensuring compliance with visas, permits, and tax regulations.

Global Entity Services:

• Entity setup and management: HSP Group helps companies incorporate in foreign markets, offering ongoing corporate secretarial services, tax compliance, and bookkeeping.
• Tax compliance: HSP handles both direct and indirect taxes (e.g., VAT, CIT), including filing, audits, and recovery.

Technology platform:

HSP’s proprietary GateWay™ platform integrates all the services into a single portal, allowing businesses to manage their international operations, track compliance, and securely exchange documents, offering full transparency.

Pricing structure

HSP Group positions itself as a premium service provider but emphasises value for money through its holistic, tailored solutions.

While specific pricing details are not publicly available, HSP operates on a bespoke pricing model, meaning costs vary depending on the services selected and the geographic scope of the client’s operations.

This customisation allows businesses to pay for only the services they require, offering cost-efficiency and flexibility.

Unique features

Several aspects distinguish HSP Group from competitors:

• All-in-one solutions: HSP integrates payroll, HR, tax compliance, and entity management into one package, streamlining operations for businesses looking to expand across borders.
• GateWay™ technology: The GateWay™ platform offers clients complete visibility and control over their global operations. This platform allows for real-time updates, ensuring full compliance with local regulations.
• Expertise and support: HSP prides itself on its team of global experts, available across time zones to provide personalised support.

Conclusion – HSP Group review

For businesses aiming to expand internationally, HSP Group offers a robust combination of expert-led services, advanced technology, and tailored solutions.

While the cost may be higher than some competitors, the value provided through their comprehensive service offerings, efficiency, and compliance support can offset the expense, especially for businesses with complex global needs.

Overall, HSP Group is a strong choice for companies that require an all-encompassing, efficient, and compliant approach to international business expansion.

FAQ – HSP Group review

What industries does HSP Group serve?
HSP Group serves a wide range of industries, including technology, healthcare, retail, manufacturing, and professional services. Their global solutions are adaptable, making them suitable for businesses of all sizes looking to expand internationally.

How can I access HSP’s GateWay™ platform?
GateWay™ is available to clients who subscribe to HSP’s services. It is accessed via a secure login, offering real-time visibility into compliance, payroll, HR, and other global operational tasks.

What languages does HSP support?
HSP Group supports multiple languages depending on the region of operation. Their team is experienced in working across various languages to ensure smooth localised operations for clients around the world.

Can HSP assist with mergers and acquisitions?
Yes, HSP provides services for mergers and acquisitions, particularly regarding global carve-outs, compliance, and integration. They assist in managing the complexities of cross-border transactions and entity transitions.

Does HSP provide data protection support?
Yes, HSP ensures compliance with global data protection regulations, such as GDPR. Their GateWay™ platform is designed to securely manage sensitive client and employee data in accordance with local laws.

How does HSP manage compliance across different countries?
HSP’s team of experts ensures compliance through localised knowledge of legal, tax, and HR regulations. Their technology platform also provides real-time tracking of compliance status across all jurisdictions where a client operates.

Can HSP assist with non-resident employer payroll?
Yes, HSP provides payroll services for non-resident employers where local laws permit. They handle payroll processing and compliance for companies with employees in regions where the company has no physical presence.

Does HSP offer immigration services for employees?
HSP’s global mobility services cover employee immigration support, including visa and work permit applications, ensuring compliance with host country regulations for international assignments.

Can startups benefit from HSP services?
Yes, HSP offers tailored solutions for startups looking to scale globally. They provide services such as entity setup, payroll, and compliance, allowing startups to focus on growth while HSP manages the operational complexities.

How does HSP support cross-border tax compliance?
HSP assists with both direct and indirect tax compliance, ensuring accurate reporting, filing, and payments in each jurisdiction. They offer pre-tax assessments, audit support, and help recover overpaid taxes.