There’s never been a better time to invest in a business in South-East Asia! Our team provide knowledge that relates to corporate finance, taxation, outsourcing, and restructuring, as we help businesses grow in this rapidly changing environment. This includes the beneficial Wholly Owned Foreign Entity system, which allows you to operate in China without some form of Chinese ownership.
It is credit to South East Asia that the region continues to grow despite an overall tougher global economic climate. There is much to gain in terms of synergies and growth opportunities. Islam & Co has established a China/South East Asia Desk to provide the strategic, operational, and technical guidance necessary to ensure the successful design and implementation of any China strategy. We also have detailed knowledge of the Hong Kong, Singapore, and Vietnam. Whilst the economies of Hong Kong/Singapore are highly developed, the opportunities for growth are still in abundance. Vietnam represents the rising star of South East Asia, and it is the country to watch given the rapid development that is currently taking place.
Our China Desk has significant experience and knowledge of executing China business strategies over the short, medium, and long term. We provide co-ordinated expertise and support across our key advisory, planning, and compliance services:
For businesses considering a move to Greater China, we can help you think through matters such as overall strategy and objectives, supply chain and market perspectives, deciding on the right corporate structure and investment strategy, tax planning matters, choosing the most appropriate location, recruiting senior management, selecting and implementing financial reporting systems, and generally providing significant support and assistance to what can be a difficult process.
For established companies, our wide range of services noted above is available to support ongoing development and growth.
This is the particular medium in which a foreign entity can operate in China without majority ownership being in Chinese hands. The premise behind the WOFE is to open the economy of China to foreign expertise, and to assist in the development of the local economy which feeds into the overall growth machine of the second largest economy in the world.
There can be generous benefits afforded to those companies wishing to establish companies in areas deemed by the Chinese authorities as being areas in need of economic development. However, the variables in the decision making process in establishing a WOFE can be very complex from the terms of establishing the right structure and the right geographical location to operate from. Islam & Co has significant experience of setting up such structures and advising on the best routes to take to ensure the most tax efficient approach is adopted.
Setting up a company in Hong Kong to act as the vehicle to trade from China is also a favourable option when a WOFE or joint venture are no viable options. The framework for business in HK is considered as one of the best in the world, and the rigid legal framework affords security to any such operations. Islam & Co have strong ties to Hong Kong and detailed knowledge of setting up trading companies in this special administrative region which offers numerous tax breaks in addition to the opportunities on offer as a business hub within South East Asia.