CPDB140CS

Global Expansion: Practical Guide for Compliance and Governance

  • Cantonese

  • HKCGI Member, Graduate, Student & Non-Member

Speaker(s)

  • Mr Joseph Hong, Partner, Corporate Services, RSM HK
  • Mr Vincent Yuen, Director, Corporate Services, RSM HK
  • Ms Catherine Lim, Director, Corporate Services, RSM Stone Forest
  • Ms Helen Yin, Director, Business Advisory Southern China, RSM Stone Forest

Description

Hong Kong enterprises have been increasingly expanding their business globally in recent years, driven by factors such as market saturation in Hong Kong, pursuit of new growth opportunities and profitability, and diversified of business risks, etc.

According to the report published by the Census and Statistics Department, analyzed by the immediate destination of investment, Mainland China accounted for a predominant share of Hong Kong's direct investment outflow by end of 2022 while Singapore ranked the sixth place amongst the other top 10 popular destinations.

When company making decision for foreign direct investment, there are significant compliance and governance challenges that Hong Kong enterprises must consider for ensuring adherence to regulations, manage risks, and maintain the enterprise’s reputation and long-term sustainability. Initiative-taking planning and continuous monitoring of the changes of legislative requirements are the key to expanding to global market successfully.

In this seminar, the speakers will highlight and share an overview of requirements for compliance in connection with global expansion as well as practical points to note for developing a comprehensive governance framework across the Hong Kong headquarter and the regional offices, with a focus on the following: 

  • Overview of compliance checklist for global expansion
    • Entity setup
    • Application of relevant license/permit
    • Work pass
    • Talent acquisition
    • Accounting
    • Audit
    • Payroll related compliance
  • Practical case sharing of expansion to Mainland China
  • Practical case sharing of expansion to Singapore
  • Challenges over centralised governance and solutions


(Recorded in August 2024)

Level: Intermediate

Speakers' bios:
Mr Joseph Hong
Mr Vincent Yuen
Ms Catherine Lim
Ms Helen Yin

Got Questions?

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