For more than 20 years, Primasia has been dedicated to helping entrepreneurs, SMEs and privately-owned and publicly-listed companies to establish and grow their business in Asia, particularly China and Hong Kong.
We provide tailor-made solutions to help you achieve your business objectives: Company Incorporation(HK&China)
‧ Company Secretary
‧ Accounting&Tax Filing
‧ Bank Accounts Opening
is one of the fastest growing economies in the world. Primasia
is the partner you need to assist with setting up and growing your business in
Hong Kong and China. Hong Kong is known as “the gateway to China”, and the
growing consumer economy in China is making companies of every size look
Eastward for their share of the growing market-- and to increase profit
margins. To best navigate the complexities of Chinese legislation and business
practices, you need a partner with the knowledge and expertise to help you set
up a foothold in the region. We are backed by years of experience, as well as a knowledgeable and competent team of
professionals that can get you on the right track without wasting your
investment or time.
we’ll share a few elements you need to be aware of before you start a business
or expand your business in China.
China is huge! The
landmass and population size is simply staggering. As with anywhere you decide
to set up a business, location is everything-- so research regarding locations
is vital for success. Primasia’s team of experts is available to advise you
about the various options available throughout both China and Hong Kong.
on a business model
As mentioned in Starting a Business in China: Part 1, there are two main business models used in China: The
Sales Office via Labour Dispatch and the Wholly Foreign Owned Enterprise (WFOE).
There are two other options: joint venture and
representative offices. Each option has its
own advantages and disavantages. Wheather to go for a WFOE or a representative
office will be depending on your expansion plan to China. We will
understand your business nature and business plan, and will provide a market
entry solution that suits you.
and trademark your intellectual property
Much of the foreign-owned businesses fall foul of
intellectual property laws in China.
Many assume that because they possess a trademark in their home country,
that it will automatically transfer to China.
However, that does not happen as China’s intellectual property laws a
lot different to most other countries.
The first person to register a trademark in China owns the rights,
irrespective of trademarks held elsewhere.
Having a partner like us is essential to helping you navigate
China’s legal and trademark laws.
Primasia’s expert team has the tools and knowledge to help you
with all the points mentioned above, as well as develop a business plan that is
specifically China-based, organize the correct documents, and liaise with a
bank. Other services we provide include:
Market Entry Solutions, Trade Services, Accounting (including Xero, Cloud
Accounting), Business Matching (sourcing local Hong Kong or China business
partners that are suited to best assist your company), Payroll Management, Visa Applications and
Employment Compliance, Tax Compliance, HR & Payroll Services and more.
Primasia is the perfect partner to help you set up or expand your business in
business landscape is very different in China than western-based companies are
accustomed to.Primasia is here to help you navigate the business landscape in
China and Hong Kong.
presents western-based businesses with an incredible potential for growth and
profit, as well as a host of complex issues.It is advised to seek the assistance and advice of a China-based
consulting firm to navigate these complex issues.We will be able to help you understand
and navigate these complexities, that range from legal issues to business
operations and beyond.
are two distinct business models used in China: Sales Office via Labor Dispatch
and the Wholly Foreign Owned Enterprise (WFOE).There are unique advantages and disadvantages to each business model,
and your company will need to evaluate each one thoroughly to gauge which will
best meet your financial and corporate objectives, as well as which one
provides the least amount of risk.
you’ll find a basic description of the two business models to give you a better
understanding of doing business in China:
Sales Office via Labor Dispatch
business model involves using the services of a Professional Employment
Organization (PEO).The PEO will provide
the business structure in China should your company not have a physical
presence in the country-- ie. they’ll act as your subsidiary.A PEO will provide services such as
administration, fiscal and legal.Western-based companies will benefit from this business model as it
saves them from having to navigate all the legal complexities as well as the
complex logistics of needing to set up a company in a foreign country.
PEO will provide all the necessary human resources aspects needed to operate in
China.Employees will work under
contract with the PEO and not directly under the foreign company. This way a
foreign company will not have to deal directly with employment issues, as the
PEO will handle payroll, tax compliance, visas, labor laws, expenses
management, health insurance and office rental.
Wholly Foreign Owned Enterprise
to Chinese legislation, a company owned by 25% or more by foreign investment is
categorized as a Foreign Invested Enterprise (FIE).Most of the FIE entities operating in China
are a WFOE.A WFOE operates as a limited
liability company in China.
Chinese government introduced the WFOE business model as a way of exporting
technology development and manufacturing.However, foreign companies used this model as a way of setting up
consulting and management services in China.It is vital to understand that any capital or investments used by a WFOE
should be from an individual, stand-alone entity and not from a WFOE that
already has registered operations or branches in China.
Primasia provides different market entry solutions to assist you in
expanding your business into China. Our team of experts can advise on all the
legal, administrative and tax implications for your company, as you explore
expanding your business to Hong Kong and/or China.China presents companies with huge potential
for growth in the market, but business setup does take time, investment and
patience as you are being guided through the complexities.Primasia is the perfect partner to help you
access a tremendous market share opportunity, check out our website to learn
more or give us a call.
Primasia is proud to announce that we are an official Xero Silver Partner. We aim at making it easier for you to manage your business finances with Xero.
What is Xero ?
Xero is an easy to use but powerful online accounting
software that's designed specifically for small business
Xero provides a view of financial information in real time
Xero has a full suite of accounting features such as
invoicing, payables, expense claims, reporting and much more
No installation, no manual backups and maintenance, no
additional software. All updates and new features are available to you when you
next login. Privacy and security of your data is taken care of and is stored on
Xero's secure servers.
With Xero, you can:
invite a number of trusted people such as
ourselves to collaborate online and manage your accounts
check your bills, issue invoices, see all
business data anytime whenever and wherever your connect to the internet
tailor-make financial reports
What is Virtual CFO ?
Commentary & feedback on financial
Update income and expenditure projections
and cashflow monitoring
Ongoing communication with management on
financial performance and improvement opportunities
Virtual CFO is more than
What can we do
As a Xero Bronze Partner we are able to offer a full range of services from
monthly/ quarterly/yearly bookkeeping to Virtual CFO, our team can act as your
outsourced financial function in Hong Kong.
We are offering free demonstrations and trials of Xero to our clients this
month. For more information please call us and we’ll arrange a suitable time.
Primasia Corporate Services Limited is dedicated to helping different companies all over the world to set-up their operations in the Chinese e-commerce market. The Chinese E-Commerce Market is undeniably one of the most lucrative and fastest growing web industries in the world. China has a population of 1.4 billion, including 850 mobile internet users, which offers big opportunities for savvy international brands that wish to expand their business. The future of e-commerce most certainly lies east, not west.
When looking at the online retail market in China, you’ll notice 2 big players monopolizing most of the internet retail market-- TMALL and JD. TMALL occupies approximately 50% of the market share, whilst JD occupies nearly 25% of the market share. Thus building an online shop through TMALL and JD is the most common way to start your online business in China.
One big advantage of having an online store on TMALL, which is based on CBEC platform, is that the market entry barriers are low. There is no need to set up a legal entity in mainland China. You should hire a professional, like the experts at Primasia, to assist in preparing a proposal to TMALL and help with business negotiations. You see, for the mainstream platforms like TMALL, the CBEC is invitation only. There is no official online application process for interested clients. That is why it is essential to have allies by your side to help smooth the way for your business to enter the Chinese e-commerce market.
Primasia is able to provide full e-commerce services to their clients, including building up an online store on TMALL Global, running and managing the online shop along with customer support including maintaining chat channels, coordinating the orders and fulfillment process, and providing a single point of contact responsible for Quality, Reporting, General advice on optimization potential.
For over 30 years Primasia Corporate Services Limited has worked with thousands of overseas and local clients, including entrepreneurs, consultancies, manufacturers, trading firms, and startups. We're here to help your business succeed! Contact us today!
Great leaders display
certain qualities that have made them, and their companies, very successful.
These are traits that shine through during both the best and worst of times,
qualities that their colleagues, employees and community respect and look up to.
To be successful in your chosen industry, it is very important for every leader
to work hard and gain great leadership skills. For over 30 years Primasia has been a leading professional
provider of corporate services, dedicated to helping companies from all over
the world to establish operations in Hong Kong, China and other offshore
jurisdictions. We offer tailor-made corporate services, cloud accounting and
many other supporting services that can help you save time, money and hassle.
Read on below for the
attributes of you’ll find in today’s most successful leaders.
leaders are direct and clear at all times, there is no question of what needs
to be accomplished. Who, What, When, Why and How are always in focus-- clarity
is a skill every great leader must master to achieve success. Consistency is
key to communication-- whether you’re speaking with employees, colleagues or
clients, everyone should always know exactly what is expected of them.
concepts like leadership, innovation and sales require courage to move forward.
Often leadership can involve making unpopular decisions, which you’ll need
strength to power through. Innovation often involves breaking new ground,
developing new ideas and concepts that have never been tried before. When
making sales, you’ll need to face rejection after rejection before finally
closing a deal. All of these require courage and fortitude to accomplish your
goals and become a business success.
entrepreneurs report the number one thing that drove their business success was
passion. Being passionate about what you’re selling is a good thing but not
completely necessary. You can also be passionate about starting a business or
being self-employed for example. Passion is what drives you and keeps you going
in the face of the difficulties that your business will inevitably come
Primasia specialises in Corporate Services and Cloud Accounting, and
has worked with thousands of overseas and local clients, including
entrepreneurs, consultancies, manufacturers, trading firms, and startups. Our
experts can assist any size and type of company, from startups, to small
business, to the largest multinational corporation. Contact us today to see how
we can help you succeed!
Want to start your future in Hong Kong? Thinking of settling down in this progressive city, which is home to diverse cultures and traditions? If you’re keen on building a life or setting up a company in Hong Kong, then you’ll need a visa. When it comes to visa services, Primasia Corporate Services Limited can help secure it for you.
We have been assisting overseas businesses in setting up companies in Hong Kong and China and provide on-going supporting services since 1987. We help businesses set up in Hong Kong and ensure that the Hong Kong companies are compliance with local regulations.
Primasia's one-stop services include:
• Company incorporation services (Hong Kong, Singapore and offshore jurisdictions)
• Company secretarial services
• Assistance with bank account opening
• Online accounting
• Tax compliance
• Trade documentation services
• Payroll and HR
• China set-up and support
Want to know more about doing business in Hong Kong and China? Contact us now and see how they can help your business expand to Asia. We have decades of experience and countless satisfied clients - you can’t go wrong!
Investing in China, the world’s biggest economy, can be a lucrative one. However, it entails lots of risks and, if not planned well, can result in problems and failure. Hence, it is imperative that investors should really establish a good, feasible and sensible plan. The first calculated step to take is to commission a corporate services firm that has decades of experience under its belt.
Primasia Corporate Services Limited has been assisting businesses from all around the world to expand into Asia, especially Hong Kong and China. We provide company structure advisory and market entry solutions to overseas client who wants to set up an entity in China. We can also assist in setting up the WFOE/ JV/ RO in the major city of China such as Shanghai and Guangzhou. Our China team in Shanghai office has solid experiences in providing company formation and on-going supporting services.
Primasia's one-stop services include:
• Company incorporation services (Hong Kong, Singapore and offshore jurisdictions)