7Cento

Their objective

Venticento, the parent company, had a number of long-standing European clients that were undergoing rapid expansion across Asia. For operational reasons, it made sense and would be more efficient to have an IT team based in the region, so Venticento decided to create a direct presence in Hong Kong.

Achieving this would involve opening an office, hiring local staff, coordinating with the Italian parent company and management, as well as structuring all the necessary administrative activities to support the new business as it provided IT services across the region.

With no prior direct experience of operating in Asia, Venticento decided an external partner would provide the services and the certainty they needed.

Our solution

Having been referred by a client and subsequently appointed, Hawksford firstly had to advise on the appropriate corporate solution. It was decided to establish a limited company, 7Cento HK, rather than a branch, as this would make future expansion in the region easier.

With our experience in Hong Kong and our administrative support – including accounting functions and visa applications for both local employees and staff sent from Italy – 7Cento HK was up and running quickly.

After completion of this setup phase, we started to provide monthly accounting, payroll and immigration services, ensuring compliance with local obligations as well as liaising with and reporting to the parent company.

Since establishing, the company has added new clients across the region, and has also relocated staff from Italy which has required additional support. It has also achieved major external investment, which has required more stringent and frequent reporting, which we have assisted with.

Services provided

• Entity formation and administration
• Account opening and cash management
• Company secretarial
• Compliance
• Tax
• Accounting
• HR and payroll
• Immigration and visa services

Committed to your ambitions

Helping you realise your business or personal wealth ambitions is what matters to us. Providing solutions and overcoming obstacles is what we do.

We’re here to help you make the most of whatever opportunities are out there. We don’t take a ‘cookie cutter’ approach and always look for creative ways to help you achieve your objectives.

When we say you come first, you can be sure that we really mean it.