[awesomepeter]

They don't compete in the local talent market, they compete in the global talent market while offering local compensation. If they have a physical office, then they actually compete in the local market.

edit: I mean have an office and require to work from there. Companies which have an office and offer remote are naturally at a disadvantage here in the same way, though having an office may help offset the disadvantage (some people don't want to work remotely, having an office to go to from time to time and talk to people, meetings, integration parties, other benefits)

edit2: I've also just checked their rates, and for my region they are at best average even accounting for local market prices. So I don't see how they have an attractive offer in any way.