Our client is a global, full-service business intelligence and risk management firm. It offers its clients a full suite of services aimed at reducing exposure to global risks and identifying business opportunities, while protecting employees and assets. Its clients operate or plan to operate in many of the world's emerging markets, so our services are designed to mitigate the risks of prospecting and operating in these challenging regions. Our services are designed to provide the intelligence and tools required for our client to make critical business decisions in a timely, efficient and comprehensive manner.

Our client required one-stop service from a company that fully understands the local statutory and practical business issues and can relate this important information back to Head Office in a clear, concise manner.

ICS TRUST advised on the appropriate holding structure for the client and then implemented the key steps. In effect, the entire back office was outsourced to ICS TRUST. The ICS TRUST solution included:

1. Hong Kong Structuring: We assisted with the incorporation of a Hong Kong company.
2. Banking: We selected the appropriate bank in Hong Kong, set up all necessary bank accounts, and introduced the client. ICS TRUST acts as a signatory to the accounts to facilitate trade transactions and treasury services on the client's behalf.
3. Tax and Labor Compliance: We provided a full report of all tax and labor considerations that can arise in setting up a company in Hong Kong.
4. MPF Administration: ICS Trust will handle the entire MPF process for all local staff in Asia, from setting up accounts to monitoring salary deductions.
5. Accounting Solutions: With appropriate Hong Kong structures in place, we provide accounting services and compliance services, financial control measures and treasury functions as and when our client requires.

Conclusion

With an ICS TRUST solution, our client is now able to focus on generating new business in Asia, with the assurance all the day-to-day accounting, banking and operational requirements for the business are looked after.