Finance & accounting
- Monthly close reviews and parent company reporting
- Developing formats for reporting results and cash positions to head office
- Reviewing accounting firms
Stage 02
Support at the administrative
structure stage
Rigorously efficient administration
is achievable by any company.
With people and systems well versed in overseas business, efficient administration can be achieved steadily and at low cost. As outside experts, we handle finance, accounting, tax, legal, general affairs and HR & labor across functions.
When to talk to us
- Head office does not have a clear enough view of the results and cash position of overseas subsidiaries
- Everything is left to the local head or outside firms, with no way to verify the details
- No one in the head-office administration departments can oversee overseas subsidiaries
- Wanting to put controls in place to prevent fraud and legal violations
What we do
What we do
Our main support at the administrative structure stage, with examples of the work we have handled to date. We are also happy to discuss anything not listed here.
Tax
- Transfer pricing documentation, tax rules on corporate reorganizations, tax audit support
- Hands-on work with U.S. sales tax, UK corporation tax and VAT, Singapore GST and more
- Tax and social insurance analysis for expatriates
Legal & governance
- Contract drafting and review
- Licensing and data protection
- Board and governance design
- Fraud investigation and building controls to prevent recurrence (expense approval, internal controls)
HR & labor
- Preparation of local work rules and staff handbooks; labor audits
- Developing overseas assignment and salary policies
- Obtaining and managing work visas (EP, Skilled Worker and others)
- Employment compliance in California and the United Kingdom
We work with local lawyers and accounting firms on legal and tax matters.
Structure
Who handles
the administration?
The headcount, cost and risk involved vary greatly depending on who handles it. “Our approach” compares four models: each head-office department, a local administration department, blanket delegation to the local head, and engaging an overseas administration specialist.
Engaging an overseas administration specialist
Headcount required: 1 (outside expert). Covers overseas business across functions. Low-cost operation with limited fixed costs
Track record
Examples of past work
- United States
Set up a subsidiary from scratch, building everything from bookkeeping and tax payment and filing to reporting systems for the parent company
- Accounting
Cut outsourcing costs to about one-third by switching accounting firms
- Internal controls
Fraud investigation and building controls to prevent recurrence (expense approval, internal controls)
- Head-office reporting
Developed formats for reporting results and cash positions to head office
FAQ
Frequently asked questions
- Can we ask you to handle only part of the administration (only accounting and tax, for example)?
- Yes. You can delegate only what you need. As the business progresses, the scope can also be reviewed to expand, reduce or end our involvement.
- What happens to our relationship with the local accounting firm and lawyers we currently use?
- We work with local lawyers and accounting firms on legal and tax matters. Where a review is needed, we can support that too (we have cut outsourcing costs to about one-third by switching accounting firms).
- Can we engage you if no one in our head-office administration departments covers overseas operations?
- Yes. As outside experts, we handle finance, accounting, tax, legal, general affairs and HR & labor across functions. A comparison of who can handle administration is in Our approach.
Contact
Contact
Whether you are launching overseas operations, reviewing your administrative structure or considering an exit, please feel free to get in touch.
Contact us