Case Study

Our client is an European based company seeking a foothold in China start with a small management team responsible for administering the entire operation,

What IF contributed?

• Understand the European enterprise current business structure,
• devised a customized solution to ensure their products exports to China are expedited,
• set up Hong Kong company as a virtual office where orders can be quickly accessed to China under same time zone.
• sets up all required bank accounts, with multi-currency accounts
• Involved with compliance with local laws and regulations

Conclusion
At IF, we offered a comprehensive suite of services as well as practical advice and solutions to support the said European company from the initial planning stage to the complete set-up of legal entities.

A Chinese enterprise that are entering international markets IF provided essential guidance and support to ensure the enterprises expansion plans go smoothly:

What  IF contributed?

• Assisted in the establishment of companies in Hong Kong, Singapore, and BVI
• selected the appropriate bank in Hong Kong and Singapore, set up all necessary bank accounts,
• Corporate secretarial services, including those applicable to the companies
• Ongoing regulatory compliance support in the new overseas market
• Payroll outsourcing and administration via IF designated accounts, including Individual Income Tax compliance for employers
• Tax administration and related services

Our client is an Australia based exporter who sources a wide range of food products from Australia & New Zealand suppliers and sells to different chain store markets in Asia.

 

What IF contributed?  

1. Provided structuring advice by firstly understand client's current business structure, then we devised a customized solution to ensure all food exports to Asia are expedited, using Hong Kong as a base of operations where orders can be quickly processed in the same time zone.

2. We assisted with the incorporation of a Hong Kong subsidiary, a limited company, for our client in a ‘virtual office’ circumstance.

3. Acting as the client’s back office and managing their business in Hong Kong, we receive orders from customers in Asia, review and prepare invoices and shipping documents, and liaise with suppliers in Australia and freight forwarders and customers in Asia countries. All shipments are routed through Hong Kong.

4. Setup necessary multi-currency bank accounts, we acts as a signatory to the accounts to facilitate trade transactions on the client's behalf.

5. We prepare management accounts and annual financial statements for head office and have the statements audited in accordance with Hong Kong law.

    

Conclusion
With our total solution provided, this Australian enterprise is now able to focus on generating more business in Asia market, in particularly mainland China market, with the assurance all the day-to-day accounting, banking and operational requirements for the business are looked after.