Client Industry: Private Equity
Regions Served: Shanghai
Client Overview:
The client is a Singapore-based alternative investment management firm with an elite team focusing on the Asian market.
Client Brief:
- Deploy researchers in Shanghai/ Beijing to study the Chinese market.
- Currently does not have a physical office space due to cost-saving measures.
- Currently does not have licenses in China for private equity business activities.
- Lacks knowledge of compliance rules for operating a company in China.
How we helped:
WFOE Incorporation
When the client planned to establish a wholly foreign-owned enterprise in China, it coincided with the global spread of COVID-19 pandemic. Unable to enter China, the client sought our assistance from our corporate secretarial department to complete all the incorporation procedures and open a bank account. Subsequently, we kept the client informed about Chinese market trends and administrative regulations via monthly newsletter. Additionally, we assisted the client with internal control management by providing services such as custody of official seals and stamping documents under an authorised matrix.
Accounting Services and Tax Planning
Our accounting department provides bookkeeping services for the client, while our tax advisory and legal departments collaborate to plan and ensure the client's compliance with tax obligations.
HR and Payroll Advisory
Our HR and payroll services department offers salary payment and social security contribution services for employees working in China on behalf of our clients.
Our Value
We leverage our professional knowledge and experience to help the client save time and costs, access more information, and operate compliantly. Additionally, our one-stop service ensures that their elite team can focus on business activities.