Establishing Business in Asia (EBA)

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Have a fully operating office in Asia for a fraction of the cost!

The EBA program is a comprehensive solution to get your business started in Asia.

The Establishing Business in Asia program is an ideal solution for small-to-medium-sized enterprises that want to get a foothold into Asia at minimal cost and risk.

It is ideal for businesses that want to:

1. Break into markets in Asia
2. Tender for government projects in Hong Kong or China
3. Partnership with companies in Asia
4. Manufacture in Asia or
5. Establish a regional head quarters for their Asian operations

The Establishing Business in Asia solution is a low cost, low risk solution that allows you to test the Asian market place, or can be used as a firewall to buffer between your parent company and your other business operations in China or Asia, minimising risks in the region.

Key features of the EBA service include:

1. Regional corporate structuring advice
2. A Hong Kong company in a "virtual office" environment
3. Practical advice to leverage Hong Kong’s attractive corporate tax rates
4. Experienced staff to handle all day-to-day commercial matters and use of ICS TRUST office facilities on a short-term basis
5. Human capital advisory
   
   

How does it work?

Many businesses that have operations in Asia, use Hong Kong as their regional head quarters, to take advantage of the benefits that Hong Kong has to offer. These advantages include Hong Kong’s reliable legal system and arbitration centers, and its status as one of the world’s leading financial centers supported by a network of local and foreign banks, as well as its attractive source-based tax system.

For more than two and a half decades, ICS TRUST’s "Establishing Business in Asia" program has helped companies structure their operations in Asia.

1. ICS TRUST provides corporate structuring advice, based on the clients’ business strategies for Asia, then assists them with their structuring needs.
2. A Hong Kong company (and other appropriate vehicles) is incorporated.
3. In order to cut down cost and to help get the client’s business started quickly, the Hong Kong company is operated through a "virtual office" which means that no office space is required and the staff at ICS TRUST would provide full back-office support for our clients.

From corporate compliance to day-to-day running of the business, ICS TRUST will help meet all your business needs in Asia. When your company is ready to transition to a real office, ICS TRUST will help to make that move.

Perfect for companies of all sizes

Small-to-medium-sized companies use our "Establishing Business in Asia" services as a low-risk market-entry strategy, taking advantage of our predictable annual fees and local presence to grow their Asian business at their own pace. Larger companies can also benefit from our services by using ICS TRUST to establish a corporate structure in Hong Kong, consolidating activities throughout the Asian region, and gaining marketing flexibility while realising potential tax savings.

Benefits of the Establishing Business in Asia solution

Taxes:

1. Leverage on Hong Kong’s low corporate tax rate of 17.5%. ICS TRUST can also offer professional advice on how to structure operations tax-free in Hong Kong based on Hong Kong’s source-based tax regime.

Minimise Cost:

1. Office rent in Hong Kong is one of the highest in the world, by operating through a virtual office environment, where no physical office is required and with no overheads, significant savings are made. Also since no employees are required, there are further savings on staff overheads and salaries.

Control

1. Costs in operating through a virtual office are mostly variable costs, giving you extra control over where you want to spend your money.
2. Also, with our staff in Hong Kong working with your Asian counterparts, in the same language and time zone you have greater assurance about getting what you want, when you want it.

Low Risk:

• With a much lower financial burden, the risk of doing business in Asia is minimised.
• But most importantly, you can control your risk, which will be what you invest in the virtual office at a maximum.
• Companies that choose to utilize a Hong Kong company as a holding structure can protect their parent company from potential loses from their overseas operations.

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