In view of the rapid growth of Eastern Asia, the transport and logistics company Bring needed to establish a new regional distribution center to cover China, Hong Kong, Taiwan, Malaysia, Singapore, South Korea, Indonesia and Thailand. After a comparison of three alternative ports, the choice of Kaohsiung (Taiwan's largest port) stands out among the others because of its excellent location and competitive cost.
Bring decided to have a virtual office in Taiwan to minimize the operating costs and administration and turned to Business Sweden in Taipei for local support to handle the local legal entity establishment including contacts with local authorities and to apply for certain specific permits (e.g. to import alcohol) and for registration of taxation number.
Furthermore, Business Sweden handled issues related to the local financial accounting, tax reporting and issuing of local invoices, as well as contact with local audit firms.
Continuously, Business Sweden manages various issues concerning government contacts for import regulations, customs duties, and assisted Bring for government reports that a food importer need to fulfill in Taiwan.
Bring puts great value on support from Business Sweden in Taipei during the start-up phase and ongoing operations. This has resulted in that a well function virtual office in Taiwan. Issues related to finance, food import and inquiries are communicated in an efficient way so that Bring has a full picture and all things are under control.
This project shows that Business Sweden is able to quickly help the customer in a cost effiction way to enter a new market through the provision of relevant practical assistance and local knowledge.