Contractor of Record (COR) Services

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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

What’s Included in COR Services

🌍 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

Europe

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

Asia-Pacific

Middle East & Africa

  • Middle East: UAE, Israel, Jordan, Qatar
  • Africa: South Africa, Kenya, Egypt

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
  • 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 COR Fees

Simple, Transparent Pricing

Flat Rate (no surprises)

$300/month

per contractor

Volume Discount (10+ contractors)

$250/month

per contractor

Price Match Guarantee

Found a better price elsewhere? We’ll do our best to undercut it. We have multiple ways of working with contractors to legally lower hiring costs and can be very flexible in finding an approach that meets your budget.

What’s Included

  • All compliance management - Local legal & regulatory requirements
  • Contract management - Drafting, execution, amendments
  • Payment processing - Multi-currency, local banking
  • Risk management - Insurance, liability protection
  • White glove support - Dedicated account managers

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
Start COR Services

Common Questions About Contractor of Record Services

What's the difference between Contractor of Record (COR) and Employer of Record (EOR)?
COR services are for engaging independent contractors and freelancers who work on specific projects or provide specialized services. EOR services are for hiring full-time employees with benefits, job security, and long-term employment relationships. COR is ideal for project-based work, seasonal needs, or specialized expert consultants, while EOR is for full-time, long-term team members.
How do you ensure proper contractor classification to avoid misclassification risks?
We conduct thorough assessments of each engagement to ensure proper contractor classification based on local laws. This includes evaluating work independence, control factors, integration with business operations, and financial arrangements. We provide compliant contract templates and ongoing monitoring to maintain proper classification throughout the engagement.
What countries do you support for contractor engagements?
We support contractor engagements in 100+ countries worldwide. Our most popular markets include Asia, Latin America, and Eastern Europe. We can typically set up contractor relationships within 24-48 hours in supported countries.
How do you handle payments to international contractors?
We manage all payment processing, including currency conversions, international wire transfers, and local payment methods. Contractors receive payments in their preferred currency. We handle all tax documentation and reporting requirements, ensuring compliance with both local and international regulations.
What's included in your COR service fees?
Our monthly fee (typically $300 per contractor) includes contract management, compliance monitoring, payment processing, tax documentation, dispute resolution support, and dedicated account management. There are no setup fees, hidden costs, or additional transaction fees for recurring payments. You get comprehensive contractor management for one transparent monthly rate.
How quickly can I start working with a contractor through your COR services?
Once you’ve identified a contractor you want to work with, we can typically have them onboarded and ready to start within 24-48 hours. This includes contract execution, compliance verification, payment setup, and any required documentation. Our streamlined process ensures minimal delays in starting your project.
What happens if there's a dispute with a contractor?
We provide dispute resolution support as part of our COR services. This includes mediation assistance, contract interpretation, and guidance on resolution options. While we can’t provide legal representation, we work with local legal experts when needed and help facilitate fair resolutions that protect both parties’ interests.
Can I convert contractors to full-time employees later?
Yes, we can facilitate conversion from contractor to employee status through our Employer of Record services. This involves transitioning from independent contractor agreements to employment contracts, setting up benefits, and ensuring compliance with local employment laws. The conversion process typically takes 2-4 weeks depending on the country.

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.

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