Implement Forward-Thinking Goals into Your Company

For over three decades, Primasia Corporate Services has been a leading professional provider of corporate services in Asia, dedicated to helping companies from all over the world to establish operations in Hong Kong, China, and Singapore. We provide tailor-made corporate solutions for companies of all sizes, having the experience needed to help your company succeed. True forward-thinking companies are a rare find in today’s business world- many may claim to be and include the phrase “forward-thinking” in their core values or vision statements, but only a handful implement forward-thinking goals into their companies.

Forward-thinking includes proactively looking towards the future to plan, anticipate and identify possible opportunities, as well as how-to achieve growth and success through innovation. Forward-thinking, including planning for the future, this allows businesses to grow and succeed and sets them apart from the crowd. A good place to start is with a business plan, this shows a clear and concise awareness of your aims and objectives and the preparation needed for the future, such as being designed to take full advantage of up-and-coming technologies and trends.

Here are a few tips for a forward-thinking company:

Commitment to high-quality training

Everyone in your organization needs be committed to developing their skill set, enhancing, and improving their expertise and widening their knowledge base with regards to the latest trends and innovations in the industry. Organizations should commit their resources into training and department development programs for their employees. In this way, employees will be better equipped, updated, and capable of growing your organization. In addition, you and your employees will be consistently on the same page and better able to share and on each other’s ideas- keeping everyone on the team engaged and motivated to be productive. Investing in training also shows that you are interested in the well-being of your employees, resulting in happier employees and improved company morale.

Boosting technology

Technology is an asset that helps your business to thrive, learn and progress faster and better than your competitors. By embracing modern software and technology you can obtain the relevant data more efficiently and with fewer errors, after all, in today’s world, data and information is worth more than practically anything! Depending on your business, the industry, and the technology that is relevant to it, having the latest technology can help you boost your sales, provide better quality products, streamline the payment and shipping progress, and more!

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road,
Wan Chai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency (PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Hong Kong Investment (Entrepreneur) Visa: Beginners Guide

As mentioned on the Primasia website, If you are planning on moving into Hong Kong to work, or to relocate staff to Hong Kong for work in your company, you will need to obtain a Hong Kong working visa or a Hong Kong investment visa. Having discussed in detail what a Hong Kong Working Visa is and the ongoing process on how to obtain one, let’s the discuss its counterpart: the Hong Kong investment/entrepreneur visa. The Hong Kong Investment Visa option is for those selected entrepreneurs under the General Employment Policy (GEP) which is a policy used to establish or join a currently existing business in the Hong Kong Special Administrative Region (SAR). Due to the specific criteria on the requirements this is for those select individuals that fill in the requirements. Often, these requirements would include:

• There should be no security objections or any known record of serious crimes in respect to the applicant
• The Applicant must have a good education background, (normally a first degree in the relevant field, and/or good technical qualifications, proven professional abilities and/or relevant experience and specific achievements
• The Applicant mentioned above needs to be fully supported with documentary evidence.

• The Application should result in a substantial contribution to the economy of Hong Kong SAR with relevant factors including but not limited to:

• A business plan (forecast turnover and profitability included)
• The financial resources available to the applicant
• Importantly: the number of jobs planned to be created in Hong Kong

• The Introduction of new technologies or skills is also relevant consideration to the application

Of course, it is crucial the entrepreneurs outside Hong Kong know and understand these facts. But this is not enough for the government to simply pass you. In business, there will always be the finer details which will hopefully enable you to get over that line. So what are those finer details?

Business Plan

For your business plan, there should be a two-year plan to demonstrate that the business is suitable for and capable of developing in Hong Kong. The applicant will also submit a two-year forecast of the profit-and-loss account statement, cash flow statement and balance sheet to demonstrate the feasibility of the business in terms of operation, finances, and development.

This is so the Immigration Department will consider, for example, whether the applicant’s business belongs to or whether it is able to complement industries where Hong Kong enjoys obvious advantages, such as the four traditional pillar industries (i.e. trading and logistics, tourism, financial services, and professional and producer services) or whether the new potential company is part of the clusters of sectors being explored for support measures by the Economic Development Commission (i.e. transportation, convention and exhibition industries and tourism, manufacturing industries, innovative technology and cultural and creative industries, and professional services), etc. All these decisions are important to the immigration department as it looks to continue and develop the potential for both Hong Kong internally and what it offers to the rest of Asia. 

Business Turnover

If the applicant is already running a relevant business either overseas or is already involved in such a business in Hong Kong, he/she will have to submit the profit-and-loss account statement and balance sheet of the existing business showing the business’s turnover and profit in the previous year. They should also provide a two-year forecast of profit-and-loss account statement and a balance sheet, including the anticipated business turnover, in order to demonstrate the feasibility of the business operation and development.

Current Experience and Resources:

The applicant should submit statements of his/her personal and company bank accounts in the previous year and proof of other sources of funding to demonstrate that he/she has sufficient financial resources to support the relevant business in Hong Kong. The Immigration Department will then consider whether the applicant has relevant investment or working experience in the business concerned. The applicant should also submit documentary proof showing the amount of capital investment in Hong Kong.

Other Basic Information

The applicant should set out the organisational structure of his/her business and the required and projected number of staff and posts, identifying those to be created locally. The applicant should explain how the new technology or skills to be introduced can benefit Hong Kong, including any IP registered or to be registered.

Start-up Businesses

An applicant who wishes to establish or join in a start-up business may also make an application. Applications which are government-backed programme (for example those listed below) will be viewed particularly favorably.

(i)            StartMeUpHK Venture Programme administered by InvestHK;

(ii)           The Incu-App, Incu-Bio and Incu-Tech programmes administered by the Hong Kong Science and Technology Parks Corporation.

(iii)          The Cyberport Incubation Programme.

(iv)          The Small Entrepreneur Research Assistance Programme and Enterprise Support Scheme administered by the Innovation and Technology Commission

(v)           The Design Incubation Programme administered by the Hong Kong Design Centre.

However different criteria apply to PRC nationals.

Entry of Dependants:

Applicants admitted for investment may apply to bring in their spouse or same-sex partner under marriage, civil union or (broadly) other similar, legally recognised relationship. This does not currently include common law marriages, cohabitation, fiancé(e). People under the investment visa programme will be the sponsors of their accompanying dependants to the HKSAR. An application for admission of a dependant should show:

a.    reasonable proof of a genuine relationship between the dependant and the sponsor.

b.    there is no known adverse record of the dependant

c.     the sponsor can support the dependant's living at a standard well above the subsistence level and provide him/her with suitable accommodation in the HKSAR. 

The length of stay of such dependants will normally be linked to and dependent on that of their sponsors. These dependants are currently permitted to take up employment or studies in the HKSAR.

The Process

It normally takes four weeks to process a visa/entry permit application for investment upon receipt of all the required documents. Processing does not start until all the required documents and information have been received. Approval of applications is entirely within the discretion of the Immigration Department, regardless of whether eligibility criteria are met, and is subject to changes in government policies. 

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Primasia's Xero Hong Kong Accounting Solution Package

Xero’s online accounting software is an easy to use powerful online accounting system designed to give you real time financial information and support-- it allows you to access all your data and Xero tools from anywhere, simply by connecting to the internet. Primasia Corporate Services is a Certified Business Advisor and Silver Partner of Xero in Hong Kong, ensuring a smooth and seamless transition process from traditional accounting software to Xero cloud accounting. Our experts can help your company set up an accounting system on Xero, provide training, bookkeeping, assist with annual audit and profit tax filing, and help you understand how your business is performing. Xero offers easy invoicing, multi-currency capabilities, handles expense claims, tracks inventory, generates smart financial reports and has a highly functional Xero mobile app to help you manage your financials wherever you are.

With Xero’s Cloud Accounting Services, you can easily send online invoices and get paid anyway you want, thereby keeping your cash flow healthy. Xero also keeps all your essential information, like invoicing and payroll, at your fingertips, and can be set up to automatically handle tasks that used to take up all of your time. This can include things like importing bank transactions, sending invoice reminders, as well as creating and sending invoices with online payments. It even allows you to set invoice reminders for quicker payments!

All your data is stored safely and securely in one place, making it simple to track how your business is doing financially-- you also can drive profitability on your projects with Xero Projects. You have the ability to invite your bookkeeper or accountant to join you on Xero, so they will ensure you meet all your tax obligations.

Primasia knows that your data is invaluable to you. Xero will help you keep it safe and secure by backing up your data and protecting it with multiple layers of security-- including industry-standard data encryption and secure data centres. It also offers two-step authentication as an additional layer of protection for your Xero account.

Primasia Corporate Services is here to assist you in the transition from traditional accounting software to Cloud Accounting. Embrace the future of accounting, call Primasia today!

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

SMB: Taking a Marketing-First Approach to Business

For over 30 years, Primasia Corporate Services has been dedicated to helping companies from all over the world establish operations in Hong Kong, China, Singapore and other offshore jurisdictions. We are known for our highly qualified and experienced staff, tailor-made corporate solutions, including our China e-commerce solutions, in which our experts locate the best online platform, set up your e-commerce account and can help with taxes, payroll etc. Click here to see full details.

For most small and medium businesses, understand that marketing is important. But only a handful of people recognise that marketing should be a top priority. The majority of companies focus on lead generation as their top marketing objective, and while lead generation is important, a marketing-first approach to business ensures that the products and services the company offers are relevant to their target audience. A good marketing team can not only empower their sales team to do their jobs, but understands what their target consumers want, how the company can match those needs and how to communicate that message to the end users. The best marketing-first companies create brands that take initiative and drive competitiveness towards success.

To implement a marketing-first approach, start by having your business leaders recognize that marketing is a top priority. Work as a team to launch marketing focused projects specifically influencing sales, creating positive consumer experiences, and build your brand name. Ensure other departments take marketing seriously by linking marketing efforts to clear objectives, such as ROI, customer behaviour, and where applicable the revenue itself. When marketing carries hard targets, other departments will pay more attention and become increasingly willing to assist in marketing enablement.

Encouraging collaboration between sales and marketing can lead to increased revenue and boost in brand visibility—which will lead to customers having a higher sense of brand awareness of the identity. They will remember you! Collaboration between these two departments is more than a trendy concept, it’s the future of successful sales cycles.

Primasia Corporate Services is here to assist your start-up with everything you need- from Company Incorporation in Hong Kong and/or China, to assisting with all trade and banking documents, tax compliance, employee visas, payroll and more. When you are ready to set up your e-commerce business in Hong Kong and/or China, contact Primasia to get started- email us at info@primasia.hk or call 2882 2088 today!

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Secure Sensitive Data - Small Business Tips

Primasia Corporate Services is your partner in Hong Kong, Singapore, and China, offering e-commerce solutions that include locating the most suitable platforms, account set-up and management, logistics, and trade documentation services.

Companies of every size are handling larger and larger amounts of sensitive data, storing more information in the cloud or email accounts. Your customers trust you to keep their sensitive data secure. After all, data is considered the new ‘oil’ of our generation and should only be accessible to the right people at the right time.

So how do you protect your data from theft? Below we have some cyber-security tips for you.

Secure Single-User Authentication

Data security starts and ends with authentication. Companies should begin with having secure individual logins for their employees, and then implementing authorized levels of access for their authenticated users. Assigning trackable digital identities assures that the people accessing your data are who you think they are and that they are actually authorized to access what they’re using. In this way you are protecting your data-- and you can prove that you are protecting it.

Educate Your Team

In the end, people ultimately control what happens to your data. Be sure to educate and properly train your employees on how to keep data secure, including a solid understanding on today’s potential security risks- like mobile security, wireless networks, and authentication. When people understand the risks and how they can prevent it (thus protecting the company and their jobs), they are more likely to make decisions that help to protect and secure data.

Hire a Professional 

Good data security system is critical these days- a data breach means you risk losing all your customers trust and business! It’s recommended to bring in a third party, such as a cyber security or e- discovery forensics firm, to supervise and perform occasional cyber-security audits. Hiring a third party will ensure you are both following the best practices and for legal liability shift. There are too many variables to make a blanket recommendation, so having a professional ensure your data is properly encrypted, with safeguards in place, and ultimately handle your cyber-security is the safest approach.

Primasia Corporate Services is your business partner in Asia, with services ranging from Cloud Accounting and Payroll Management, to Preparing Commercial Invoices, Packing Lists, as well as Reviewing and Processing Trade and Banking Documents-- plus much, much more. Email us at info@primasia.hk or call 2882 2088 today!

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Mutual Passion: Hiring the right People for You Start-up

Have you ever thought of expanding into Asia? With over 30 years’ experience, Primasia provides company registration and a wide range of company incorporation services in Hong Kong, China, and Singapore. We are more than happy to help you with all your company’s requirements.

In order to make a startup successful, lots of planning and strategy must be done, this includes hiring the right people. In a start-up, It’s important to surround yourself with colleagues that have the skills and knowledge to get the job done, but it is equally important that they have the same passion and drive needed to continue to grow the business alongside you. Someone with the mental toughness to keep trying in the face of challenges and failures while keeping their passion for the work they do. This is the type of person fast-moving startups need.

Technical skills needed for the job are essential of course but be sure to look deeper qualities-  like patience, organization, multi-tasking, perseverance, self-discipline and most importantly passion. These qualities can directly translate into the success of your company.  Having a small business frequently involves people doing multiple tasks, for example your marketing person may also handle your social media, and perhaps sales or business development, depending on their skill set.

So, How do you find these Individuals? Read Below.

People with passion for the company and job will show signs from the very beginning, they will go above and beyond simply filling out an application. These are the people that follow up and put effort into landing an interview. If a person puts energy into calling or emailing for an interview, it’s a good sign that they will put equal energy and passion into the job itself. During the interview you can often spot a quality candidate by asking questions about challenges they’ve faced professionally as well as questions about professional victories and failures.  You could also ask them about their hobbies and interests. If they like to spend their free time on challenging activities, this may show they have the right skills you want to have on your team.

Passion and drive are important qualities for any startup, so it’s important to ensure you’re interviewing for these personality traits. However, keep in mind that passion is obviously not the only thing needed for success in a position. A potential employee needs to have the right technical skills and job-specific experience to excel at their role.

Primasia Corporate Services is also your partner in Cloud Accounting, as Xero certified business advisers. Our specialists come to you to assist your company in getting up and running on the future of accounting-- the cloud. Xero provides a deeper understanding to your business and can help you comprehend how successful your business is at a glance, allowing you to see your cash flow in real-time with online accounting, invoicing, payroll, billing & banking. We are happy to provide any training your business needs to utilize this amazing software. Contact us at info@primasia.hk or call 2882 2088 today!

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.

Long-Term Planning and Marketing Advice for Small Business Owners

Here at Primasia Corporate Services, we’ve assisted a vast array of companies in setting up shop in Hong Kong, China and Singapore. Small businesses especially have several challenges they must overcome in order to succeed and thrive. Below we have for you two effective courses of action that small business owners and entrepreneurs can take to overcome challenges while focusing on running and growing their business.

Long-Term Planning

Of course, it’s vital to stay informed and knowledgeable about your companies’ daily operations but strategizing for the future is just as important. By planning ahead, your business can engage in business opportunities you might otherwise miss-- such as planning and promoting holiday sales, developing new products to meet your customers ever-changing needs, and keeping better track of finances.

The easy solution to this is to create an organised work schedule, setting aside time each week, month or quarter (whichever best meets your needs) to review your long-term ambitions and plans, along with upcoming sales opportunities, reviewing the budget and taking stock of your customer base. Bonus Tip: Check out reviews of your products online to see what’s going well and what can be improved upon. 

Marketing 

Nearly all small business owners at least participate in their companies marketing strategy and likely do the majority of it themselves. Despite this, many small business owners are not marketing professionals and frequently “wing it”, making significant errors. Be of good cheer, marketing can be difficult to master but it is very important to stay on top of- don’t give up!

Of course, you know that the best choice is to hire a professional- but when that is not in the budget the best course of action is to, again, schedule time for it- this time daily or at least weekly. When trying to grow your start-up it’s very easy to lose one’s self in the busy day-to-day work and let marketing slide to the side. Try taking small, consistent steps each day instead of making marketing an “all or nothing” endeavour.

This could be a few minutes spent tackling social media, or an hour set aside to plan an upcoming sale, or a meeting with your staff one afternoon to design your marketing materials (and a plan to promote them!). Small consistent steps can take your small business far-- until you have the means to hire a professional, allowing you time to concentrate on your core business growth. And when you’re ready for professional assistance, visit Primasia Corporate Services and take a look at our services. Our experts can help your business succeed!

Since 1987 we have been helping overseas’ large and small businesses, as well as start-ups, expand to Asia, especially Hong Kong, Singapore and China. We are known for our highly qualified and experienced staff, and for our tailor-made corporate solutions. Get ready to expand your business successfully, with Primasia Corporate Services. Email us at info@primasia.hk or call 2882 2088 today!

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Connect with Primasia Corporate Services Limited

Hong Kong Headquarters: Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wan Chai, Hong Kong

Website: https://www.primasia.hk/

LinkedIn: https://www.linkedin.com/company/primasia-corporate-services-limited-pcs-

Facebook: https://www.facebook.com/PrimasiaCorporateServicesLimited/

Twitter: https://twitter.com/PrimasiaHK

Credit: Prosperity Research Digital Agency(PRDA): PRDA's Founder Douglas White developer of proven 5 step, 4 KPIs process of Social Media Marketing.