Employer of Record for Web3 Companies: Rise EOR

Web3 companies face unique hiring challenges, particularly as they strive to scale globally in a fast-moving and decentralized environment.

Navigating international compliance, managing payroll in both crypto and fiat, and onboarding a global workforce are complex tasks that can divert focus away from core innovation.

This is where an Employer of Record (EOR) like Rise can be invaluable.

Rise provides a Web3-focused EOR solution that streamlines compliance, payroll, and workforce expansion, enabling Web3 projects to grow without the operational headaches.

Key Takeaways

1. Streamlined Global Hiring: An Employer of Record (EoR) simplifies the process of hiring international talent for web3 companies, allowing you to expand your team across borders without the need for setting up local entities.
2. Regulatory Compliance: By partnering with an EoR, you ensure that your web3 company adheres to complex international labor laws and regulations, mitigating risks and focusing on innovation.
3. Focus on Growth: Utilizing an EoR allows your web3 company to concentrate on core business objectives and growth strategies, while the EoR handles administrative and legal employment responsibilities.

What is an Employer of Record (EOR) and Why Web3 Companies Need It

An Employer of Record (EOR) is a third-party organization that takes on the legal responsibilities of employment, acting as the official employer for your workforce.

For Web3 companies, an EOR becomes essential when expanding internationally, allowing them to hire top talent without having to establish local entities.

Here’s why Web3 companies specifically benefit from using an EOR:

• Complex Compliance: Hiring globally in the blockchain space involves navigating a tangle of regulatory requirements, which differ by country and are frequently updated.
• Agility Needs: Decentralized Autonomous Organizations (DAOs), DeFi projects, and blockchain startups need flexibility to quickly scale teams, often across multiple jurisdictions.
• Remote-First Challenges: Regulations are complicated for remote-first and decentralized teams, which often need to onboard contributors from multiple countries simultaneously.

Rise: The Web3-Specific Employer of Record Solution

Rise's Web3 EOR service is specifically tailored for the evolving Web3 industry, supporting blockchain startups, DAOs, and crypto-native projects in a decentralized ecosystem.

Rise understands the unique challenges that Web3 projects face.

From compliance hurdles in the DeFi space to crypto payroll complexities, Rise is designed to support the growth of blockchain businesses.

Key Services for Web3 Projects:

• Full Compliance Management: Rise manages regulatory compliance across jurisdictions, with a particular focus on crypto and blockchain-related employment.
• Fiat and Crypto Payroll: Flexible payroll options, including the ability to pay in fiat or popular cryptocurrencies like stablecoins and Ethereum.

Benefits of Using Rise EOR for Web3 Companies

Time and Cost Savings for Blockchain Startups

Setting up entities in new markets is not only time-consuming but also extremely costly.

By partnering with Rise, Web3 startups can avoid these costs, focusing their resources on building and innovating.

Rise streamlines the onboarding and HR processes for key Web3 roles, including developers, community managers, and growth hackers.

Estimates suggest that using an EOR like Rise can save businesses around $74,000 per year, especially when managing a diverse team of international contributors.

Risk Mitigation in the Crypto Space

Compliance requirements are continually evolving, especially in regions that are crypto-friendly (e.g., USA, Switzerland, Estonia, Singapore).

Rise ensures that your workforce is always compliant with local laws, reducing legal exposure.

Hiring contributors globally exposes DAOs and blockchain teams to fluctuating local regulations.

Rise mitigates these risks by providing expert compliance management tailored to decentralized teams.

Access to Global Web3 Talent

One of the biggest advantages of using Rise is the ability to access a global talent pool.

Rise helps address the skills shortage in the industry by making it easier to hire top talent for blockchain engineering, smart contract development, and community management.

Rise EOR for Web3 Companies: How It Works

Step 1: Create an Account With Rise

Effortlessly sign up, verify your business, and provide details related to your blockchain project.

Step 2: Onboard Your Web3 Team

Invite key contributors, developers, and international contractors to join. Rise handles the professional agreements, employment contracts, tax compliance, and KYC/AML requirements, freeing you from administrative burdens.

Step 3: Start Paying Contributors in Crypto or Fiat

Rise allows you to fund your payroll in USD, USDC, or other crypto assets. Contributors can receive payments directly in their crypto wallets or through traditional bank transfers.

Learn more about crypto payroll, stablecoin payroll, and hybrid payroll.

Deep Dive: Rise EOR Functions for Web3 Projects

Payroll Processing for Decentralized Teams

Rise supports hybrid payroll solutions, enabling payments in both fiat and cryptocurrencies such as stablecoins.

For DAOs and decentralized teams, ensuring that contributors are paid according to local tax regulations is crucial, and Rise provides this assurance regardless of the payment method.

Benefits Administration

Rise partners with crypto-native providers like SafetyWing to offer healthcare options suitable for digital nomads and blockchain contributors, ensuring your workforce remains supported.

The benefits packages are compliant with local regulations, providing attractive options for global contributors while aligning with the decentralized nature of Web3 businesses.

Onboarding and Offboarding of Web3 Contributors

Rise manages key onboarding elements, such as employment contracts, background checks, and even smart contracts where applicable, making sure onboarding is both smooth and compliant.

Offboarding contributors, especially in the crypto world, can be tricky.

Rise makes sure that termination processes are handled fairly and comply with local regulations, reducing potential legal complications.

Rise EOR for DAOs and Web3 Startups

How DAOs Can Benefit from Rise EOR

DAOs typically operate without a centralized corporate structure, which makes traditional hiring nearly impossible.

Rise provides a framework through which DAOs can onboard contributors globally while ensuring they adhere to tax and employment laws. (DAO Payroll)

Seamless crypto payments are particularly attractive to DAOs, as Rise enables contributors to receive payments in their preferred digital assets without hassle.

Web3 Startups Hiring U.S. Employees

For startups looking to tap into U.S. talent, Rise manages compliance with U.S. employment laws while allowing payments in crypto.

This opens doors to the U.S. talent pool without the administrative burden of establishing local entities.

Expanding into the U.S. with Rise EOR for International Web3 Companies

Simplify Hiring U.S.-Based Web3 Talent

With Rise handling payroll, compliance, and benefits for U.S.-based developers, product managers, and growth marketers, your company can build a presence in the U.S. without the red tape.

Access a Diverse Talent Pool

Hiring U.S.-based talent helps build a globally competitive Web3 team. Rise makes it possible to tap into U.S. expertise without the complexities of establishing a local entity.

Conclusion

Rise Web3 EOR provides the ideal solution for Web3 companies looking to expand their teams internationally without the legal and administrative headaches.

By partnering with Rise, your blockchain business can save time, reduce costs, mitigate compliance risks, and access top talent globally, allowing you to focus on innovation and growth.

If you’re ready to take your Web3 project to the next level, book a demo with Rise today and discover how our EOR services can simplify your global hiring process.

FAQ

How does EOR benefit web3 startups?

An Employer of Record (EOR) benefits web3 startups by streamlining global hiring processes, ensuring compliance with international labor laws, and allowing companies to focus on innovation and growth.

When should a web3 company consider EoR?

A web3 company should consider an Employer of Record (EoR) when expanding internationally, seeking to hire remote talent quickly, or needing to navigate complex employment regulations efficiently.

What is an employer of record in web3?

An Employer of Record (EOR) in web3 is a third-party service that manages employment responsibilities, such as payroll, taxes, and compliance, enabling web3 companies to hire talent globally without establishing a local entity.

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