Sherry from Healy Consultants spent a lot of time this week working closely with the Singapore Government to renew the residence visas of a wealthy, successful Iraqi family living in Singapore the past 12 months.

Mark and Sherry spent time this week contacting authorities in Vietnam and Saudi Arabia on behalf of our Singapore-based Client, who wants to set up a money exchange business in Jeddah and Ho Chi Minh. While Sherry contacted the Saudi and Vietnamese embassies in Singapore for information on any restrictions for Singaporean investors in these countries, Mark was in touch with the central banks of both countries to clarify the licensing procedures for a money exchange business.

Aidan and his team helped one of our Russian Clients this week to find property in Singapore. We introduced our Client, who is a high net worth individual with global business interests, to a property agent in Singapore.

This week we introduced a new service for Clients. Aidan, Sherry and Ben have started conducting critical reviews of our Clients’ businesses to improve profitability. Some of the areas they have been looking at are pricing strategies, invoicing strategies, recruitment, cashflow projections and even marketing strategies.

This week, we started an engagement to incorporate a company in Hong Kong on behalf of an Africa-based businessman. The Client was referred to Healy Consultants by another of our Africa-based Clients. Sherry started the incorporation process by confirming the Hong Kong corporate structure with our Client. This includes details of who the directors and shareholders are. Another important step in the incorporation process is the collection of due diligence from the Client, including documents such as passport copies, proof of address, resume, and information about the Client’s business, such as website, company brochure etc.

In the Marketing Department, Mark, Stephen and Liz have been making improvements to our website this week. Mark has been restructuring our United Arab Emirates (UAE) pages to make them easier to navigate and understand. The UAE is a complex market for the uninitiated and presenting the information we have in a clear, concise manner is crucial to our Clients’ understanding of the issues involved with setting up a business in the country. Mark also added a new section on Sharjah.

Stephen completed a Business Plan for an Ireland-based Client who runs one of the world’s most innovative e-learning businesses. The Business Plan, which details information about the company’s activities, as well as a brief analysis of the market, will support a corporate bank account application for the company at Standard Chartered Bank in Hong Kong.  

This week we received approval from the Shanghai provincial government that our Client’s application to set up a Wholly Owned Foreign Enterprise (WOFE) had been approved. This means that our Clients, who are highly successful young entrepreneurs, can now expand their global growth and innovation business into one of the world’s fastest-growing markets.

Sherry and Ben have been working closely together this week to prepare financial statements, complete tax returns and negotiate tax exemptions with various global tax authorities on behalf of our Clients.

Healy Consultants has now finished completing payroll outsourcing obligations for a US-based Client.