AI Power

Hawksford supports AI Power with Singapore incorporation as part of its international growth plans

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Founded in 2018 by a group of global market leaders and technical experts who have been working in renewable energy for many years, AI Power’s mission is to provide small and medium-sized energy users around the world with environmentally friendly, economic and sustainable solar, wind, diesel, ESS and other new energy solutions.

Location: Singapore

Service: Corporate

Industry: Renewable energy


Their objective

With a strong presence in China, AI Power wanted to incorporate an entity in Singapore as part of their global expansion plans. They recognised that the jurisdiction could be an excellent launchpad for their business, not least because of incentives offered by the Singaporean authorities.

The aim was to create an overseas headquarters in Singapore as a gateway to Southeast Asia and ultimately to other global regions such as the Middle East, North America and Africa.

Lacking expertise in how Singapore incorporation differed from that in China, AI Power decided to work with a third-party provider who had deep knowledge across the entire region.

It was vital that this professional services partner could ensure AI Power met the company compliance standards in Singapore and could also provide ongoing support.

 

Our solution

At Hawksford, we worked closely with AI Power in order to understand both their immediate needs as well as how they wanted to expand both within Asia and beyond. This enabled us to establish the entity best suited to their ambitions.

With expertise across Asia, we understand how the compliance requirements in China and Singapore are markedly different. This meant we were able to incorporate AI Power’s subsidiary in the most seamless way possible.

By taking away the company compliance and administrative burden from AI Power, they have expanded into Singapore efficiently with minimal resources required, and are now perfectly positioned to take advantage of future global growth opportunities.

 

Services provided

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“From the very beginning, the Hawksford team delivered their services in a professional and highly efficient way. They demonstrated great enthusiasm during our relationship and offer high-quality service provision. We look forward to working with Hawksford during our ongoing market expansion in 2024.”

Zhang Debao, CFO, AI Power

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