Blockchain and Cryptocurrency Advisory/Accounting/Tax
January 17, 2019
‘Peace of Mind’ for Talent Mobility & International Expansion
Asia is seeing the fastest-growing economies and companies need to expand their business there to ride the growth. Stiff competitions, unfamiliar terrains, complex regulatory and compliance requirements as well as limitations of HR specialists pose significant challenges. They are challenging the companies’ HR strategy, talent mobility and deployment plans.
LE YU Corporate Advisory’s team, having been in the HR PEO/EOR space for more than 20 years, has a “peace-of-mind” solution for this.
LE YU Corporate Advisory helps organizations expand regionally and internationally and provides them the ‘‘peace of mind’’; one-point and hassle-free solution covering:
(a) in-country local hiring PEO/EOR solutions eg. local PEOs/EORs multiple cities in China
(b) cross-country foreigner/expatriate mobility PEO/EOR solutions
(c) and complementary corporate compliances and personal accounting and tax compliances ie. ALL-IN-ONE.
We are HQ in Singapore (AP talent/financial/transportation/communication hub) with subsidiaries in China and Cambodia; and partners across Asia Pacific, ME, EU and North/South Americas. Our workforce management solutions covers more than 20 nationalities across 15 countries/cities.
“We have been observing the talent & technology mobility trends occurring from the west-to-east, north-to-south and south-to-south in the last 20 years” says Ching Mia Kuang, managing director at LE YU Corporate Advisory. The team understands the unique, in-country, cross-country and region- specific human resource rules and regulations (they termed it the ‘manpower rulebook’) well enough to carve out the specific and practicable solution for their Clients.
LE YU combines the strengths and regional network- resources, to deliver the following range of services:
a) Company Incorporation and company secretarial services.
b) Accounting and Tax compliance and advisory services.
c) HR PEO/EOR (including cross country work permits/ visas), Payroll/HR Outsourcing Services.
LE YU’s unique value proposition is providing these services in a different way from other players. This demonstrates and proves LE YU’s niche and strategic partnership value to the Clients. In Mia Kuang’s words: “We don’t do different things; we do things differently”.
Eg. in the field of accounting, LE YU has over the years build and trained accountants in the space of blockchain and crypto accounting (although LE YU is not a digital asset investor nor player). Clients come to LE YU because we are able to handle complex crypto accounting compliances. When tech-companies know LE YU, they also would naturally use LE YU’s PEO/EOR solutions as tech guys typically cross regions and countries working remotely.
As a Strategic Outsourcing Partner, LE YU offers Clients Peace-of-Mind. This comprises:
a) Language
b) Speed
c) Technical Expertise
d) One Point-of-Contact ie. Hassle-free
e) Reasonable Fees
Clients find in us the key HR Mobility solution and pieces to structure a complete HR strategy and plan. Coupled with out accounting, tax and company secretarial services, LE YU’s Clients need not go further. Their Clients find themselves
getting ‘niche and nimble’ like LE YU. Hence enabling themselves (through use of LE YU’s services) to proact and move quickly when market forces and supply chain changes take place. Eg. when the laws in China and Hong Kong SAR change and during Covid, talent and expatriate traffic move quickly from mainland China and Hong Kong to Singapore and other parts of the world. So, they can find LE YU to serve them in employment permit and PEO/EOR areas as well as company set-up, accounting and tax etc.
We have been constantly monitoring and understanding to gain knowledge and experience on how talents are mobilizing themselves across regions and countries over the last 20-30 years
LE YU is well balanced in the 3 specialists service areas. In one case, LE YU was engaged by a German company, AP- HQ in Shanghai to employ and mobilize a Eastern European (country and people as a whole facing various restrictions) for their yet-to-establish company in Malaysia. The ongoing conflict between European nations made getting the candidate out of his country and into Malaysia challenging. LE YU’s familiarity with workforce compliances and ancillary rules have been important. The company does not limit its services to visa, permits and entry requirements but also considers the other requirements eg. social security, individual taxes etc.; surrounding this to complete the whole solution. The Client approached LE YU for assistance in navigating the complex processes. Kuang recognized the multitude of barriers involved, including securing entry and visas. Despite the challenges, the company was determined to bring the Eastern European candidate to Malaysia, and Kuang worked with them to find a solution.
The human resource and talent mobility landscape in the APAC region is complex and rapidly evolving, and companies like LE YU can help organizations navigate the challenges to leverage the opportunities for success in the region. The company is well positioned to cater to the increasing trend of people and capital movement in the region through its familiarity with rules and regulations not limited to individual tax commitments in the host country.