One-stop Multi-Discipline Approach

Does your company fit into one of the following profiles?

The examples demonstrate typical business issues faced by clients and how we were able to meet their needs.

International Business Activities of Our Clients - Examples

• European manufacturers - Far East sales:
  Automotive parts, machinery, accessories for garments, chemicals, pharmaceuticals, machinery for the manufacturing industry, equipment for the beverage industry, off-road vehicles, building material, consumer goods, leather and hides, kitchen and bathroom equipment, furniture, foodstuff, etc.

• European Service Companies? Far East Marketing and Sales:
  Shipping, Inspection Services, Financial Services

• European Importer? Far East purchases of:
  Garments, luggage, tools, household items, stationary, toys, sporting goods, computer parts and accessory, furniture, DIY products, shoes etc.

Basically, we distinguish four specific client needs:

Setting up in Hong Kong

Establishing a subsidiary company or Representative Office

Devising a strategy; advising on legal requirements and a suitable corporate structure with respect to shareholders, capital requirements and directors; advice on practical issues, cost/ benefit analysis, preparing an investment and running expense budget for head office consideration
Implementation: Company incorporation process, office search, staff recruitment, setting up bank accounts, assistance in negotiating bank facilities for trade finance (L/C, D/P etc) or investment, etc. There will be no necessity for the client to be present in Hong Kong.

Outsourcing services

Operating a company in Hong Kong requires specialized knowledge, but sometimes the size of the operations in Hong Kong may not require a complete corporate structure and, in fact, this may also be costly.
Clients, therefore, wish to outsource certain functions, i.e., to have them carried out by a third party. Apart from cost considerations, there may also be security concerns (e.g. misuse of authority or funds). Also, the staff needed for the Hong Kong office are often specialized in marketing, sales, sourcing, but they may not have knowledge (or time [travel commitments]) to carry out certain other functions.

We offer the solutions:

• Corporate

• Incorporation of companies

• Provision of company secretary & registered office in compliance with legal requirements

• Accounting

• Bookkeeping & accounting

• Preparation of financial statements

• Analysis & reporting to head office

• Liaison with auditors & tax authorities

• Treasury 

• Operating bank accounts (Payment & receipts)

• Cashflow & accounts receivable management
      

• Trade

• Execution of local & international trade transactions, import / export documentation

• Liaison with suppliers & customers

• Warehousing & logistics

Managing a Hong Kong Company on behalf of a client

Clients have a need to establish and operate a Trading or Service Company in Hong Kong, but because of cost considerations and also fluctuations in the level of business volume there is a need for a different approach => outsource the entire operations. In the first instance this may look unusual but to give just one example for using our services: The Hong Kong Company is needed to support operations in China.

With our extensive network of contacts we can secure a cost effective business structure for managing the day-to-day business.
Some examples:

• Maintaining a centralized stock of goods (and spare parts) for the overseas client and spare parts to assure quick supplies to dealers and major customers in the region

• Managing the trading activities
  Examples: Sourcing of products for export, Merchandising for export, purchasing in Taiwan or other Asian countries; supply to China factories often owned by the client.

• The comprehensive package of our Trade Services
  Execution of purchase and sales activities, co-ordination with forwarders and shipping companies, invoicing etc. A combined approach is also usual, whereby the client has staff stationed in Hong Kong or China for sales activities or purchase activities (to carry out merchandising or quality control functions) but they do not handle the administrative process nor do they have access to bank accounts etc.

• Logistics management/Consolidation
  Centralising/consolidation of cargo from different suppliers to cut freight cost. Implementation of a just-in-time supply structure to cut inventory cost. Devise a logistic solution for clients with branch offices in several countries.

• Treasury Services: Cash management, accounts receivable monitoring, etc.

• Accounting: Book keeping, liaison with client, auditor and tax department, etc.
  (see also under Outsourcing services)

Others

• Factory Audit
  Assess supplier's production facilities, quality assurance scheme, production capacity, staff qualifications and abilities, working environment, verify engagement of sub-contractors. All this is done to reduce the risks for the buyer: Inferior quality, non delivery.