Contractor of Record (COR) Services

Contractor of Record Excellence

Need to work with independent contractors globally? Hyperion360’s Contractor of Record (COR) services enable you to engage with freelancers and independent contractors worldwide while ensuring full compliance with local regulations. We handle all the complexities of contractor management, payments, and legal compliance, allowing you to focus on your projects.

Case Studies

Global Software Development Project

A US-based startup needed specialized developers for a 6-month blockchain project but wanted to work with independent contractors rather than employees. Using our COR services, they engaged 8 contractors across 5 countries (Ukraine, India, Brazil, Poland, and Philippines). We handled all compliance, payments, and contracts, enabling the startup to complete their project 30% faster than estimated.

Contractors Engaged: Blockchain developers, Smart contract specialists, Frontend developers, DevOps engineers Outcome: Project completed 30% ahead of schedule, zero compliance issues, seamless payment processing

Marketing Agency Global Expansion

A digital marketing agency wanted to expand their creative services by working with freelance designers and content creators worldwide. Our COR services enabled them to engage 25 independent contractors across 12 countries for various client projects. The agency increased their service capacity by 200% without hiring full-time employees.

Contractors Engaged: Graphic designers, Video editors, Content writers, Social media specialists Outcome: 200% increase in service capacity, reduced overhead costs, global talent access

COR Service Benefits

Global Contractor Engagement

• 100+ countries supported for contractor engagement
• No local entity required in contractor’s country
• Immediate engagement capability with qualified contractors
• Flexible contract terms for various project types

Compliance & Risk Management

• Proper contractor classification to avoid misclassification risks
• Local law compliance in each contractor’s jurisdiction
• Contract templates compliant with local regulations
• Regular compliance monitoring and updates

Streamlined Payment Processing

• Multi-currency payments in contractor’s preferred currency
• Automated invoicing and payment processing
• Tax documentation handling (1099s, local tax forms)
• Payment tracking and reporting for your records

Legal Protection

• Comprehensive contractor agreements protecting your interests
• Intellectual property protection clauses
• Confidentiality agreements and NDAs
• Dispute resolution support when needed

How COR Differs from EOR

Contractor of Record (COR)

• Independent contractors and freelancers
• Project-based or temporary engagements
• No employment benefits required
• Greater flexibility in engagement terms
• Lower cost than employee arrangements

Employer of Record (EOR)

• Full-time employees with employment rights
• Long-term employment relationships
• Full benefits packages required
• Employment law compliance for employees
• Higher cost but full employee protections

Contractor Types We Support

Technology Contractors

• Software Developers: Full-stack, frontend, backend specialists
• Mobile Developers: iOS, Android, cross-platform experts
• DevOps Engineers: Cloud infrastructure and automation specialists
• Data Scientists: Analytics, machine learning, and AI experts
• Cybersecurity Specialists: Security auditing and implementation

Creative Contractors

• Graphic Designers: Brand identity, marketing materials, web design
• Video Editors: Content creation, promotional videos, animations
• Content Writers: Technical writing, marketing copy, blog content
• UI/UX Designers: User experience and interface design specialists

Business Contractors

• Digital Marketers: SEO, PPC, social media marketing specialists
• Business Analysts: Process improvement and requirements analysis
• Project Managers: Agile, Scrum, and traditional project management
• Consultants: Industry-specific expertise and advisory services

Global Coverage

Americas

• North America: United States, Canada, Mexico
• South America: Brazil, Argentina, Chile, Colombia, Peru, Uruguay
• Central America: Costa Rica, Panama, Guatemala, Honduras

Europe

• Western Europe: United Kingdom, Germany, France, Netherlands, Spain, Italy, Switzerland
• Eastern Europe: Poland, Ukraine, Czech Republic, Romania, Hungary, Bulgaria
• Nordic Countries: Sweden, Norway, Denmark, Finland, Estonia, Latvia, Lithuania

Asia-Pacific

• East Asia: China, Japan, South Korea, Taiwan, Hong Kong, Singapore
• South Asia: India, Pakistan, Bangladesh, Sri Lanka, Nepal
• Southeast Asia: Philippines, Vietnam, Indonesia, Thailand, Malaysia, Myanmar

Middle East & Africa

• Middle East: UAE, Saudi Arabia, Israel, Jordan, Lebanon, Qatar
• Africa: South Africa, Nigeria, Kenya, Egypt, Ghana, Morocco

COR Process

1. Contractor Identification

Work with you to identify and vet independent contractors that meet your project requirements and skill needs.

2. Compliance Assessment

Evaluate contractor classification requirements and local regulations in the contractor’s jurisdiction.

3. Contract Creation

Develop comprehensive contractor agreements that protect your interests while complying with local laws.

4. Onboarding Support

Facilitate smooth onboarding process including contract signing, payment setup, and project kickoff.

5. Ongoing Management

Handle all administrative tasks including invoicing, payments, tax documentation, and compliance monitoring.

6. Project Completion

Manage contract closure, final payments, and any necessary documentation for project completion.

Compliance Features

Contractor Classification

• Proper classification assessment to avoid employee misclassification
• Regular reviews of contractor relationships
• Documentation supporting independent contractor status
• Risk assessment and mitigation strategies

Tax Compliance

• Local tax requirements handling in each jurisdiction
• Tax documentation preparation and filing
• Withholding management where required
• Year-end reporting for tax purposes

Legal Documentation

• Contractor agreements tailored to local laws
• Intellectual property protection clauses
• Confidentiality agreements and non-disclosure terms
• Termination procedures compliant with local regulations

Pricing Structure

Transparent Fees

• Fixed percentage of contractor payments
• No hidden costs or surprise charges
• Volume discounts for multiple contractors
• Competitive rates across all countries

Flexible Terms

• Project-based engagements supported
• No minimum contract length required
• Easy scaling for changing project needs
• Quick setup and fast contractor onboarding

Technology Platform

Contractor Management Portal

• Centralized dashboard for all contractor relationships
• Real-time reporting on payments and compliance
• Document management for contracts and agreements
• Communication tools for contractor coordination

Payment Processing

• Multi-currency support for global payments
• Automated payment scheduling and processing
• Payment tracking and reconciliation
• Integration capabilities with your existing systems

Why Choose Hyperion360 COR

Global Expertise

• 15+ years of international contractor management experience
• Local experts in each supported country
• Deep understanding of contractor regulations worldwide
• Proven track record with 5000+ contractor engagements

Risk Mitigation

• Comprehensive insurance coverage for contractor relationships
• Legal expertise in contractor classification and compliance
• Proactive monitoring of regulatory changes
• Dispute resolution support when needed

Dedicated Support

• Dedicated account manager for your contractor portfolio
• 24/7 support across all time zones
• Multilingual support in contractor’s native languages
• Rapid response for urgent contractor issues

Ready to engage independent contractors globally without the compliance headaches? Contact us today to discuss your contractor management needs and start working with global talent immediately.