On August 28, HACOS Business Services has held a seminar about cross-border trading, introducing business solutions for foreign trade enterprises under the current trade environment. It was a complete success!
it’s unclear what the rest of 2020 will bring for customer spending, opportunities abound to expand recurring-revenue engagements, as the COVID-19 pandemic has hampered the global economy.
The past few months certainly haven’t been easy for businesses. Many domestic and overseas traders are now facing difficulties in trade order, collection and settlement.
In order to support and help our customers continue to overcome the difficulties, and develop, grow and adapt their businesses, HACOS held a seminar introducing several solutions.
PART 1
Digitalization Increases Profits
Trade digitalization allows enterprises to bring new products and services to a larger number of digital-connected customers across the globe. It also enables enterprises, to use new and innovative digital tools to overcome barriers to growth, helping build cooperative business relations and facilitate payments.
Nico, financial director of HACOS, shared her ideas on how to unleash the potential of enterprises in such a new trade form and introduced solutions to help businesses operate globally in a digital world.
Collect Freely with On-Time Auditing
With rich practical experiences in finance and taxation of HK companies, Riley, our audit director, explained the importance of auditing for HK companies. She also introduced some tips on how to make it easier to get a good audit report.
1039 Helps You Collect Forex Legally
After getting the order done, you need to consider the foreign exchange settlement. However, it is not easy to settle money in the traditional way which may be risky. Therefore, Harvey, general manager of HACOS, explained a new preferential trade policy – Market Purchase Mode, which is also called 1039.
Under this policy, market entities can enjoy a series of preferential services provided by authorities and banks, collect and settle forex legally, and get a tax cut.
Thanks for the three speakers, Nico, Riley and Harvey for their sharing. Also, we want to thank all the attendees who took time out of their busy schedule to come here.
In order to help you reach the latest update on the global pandemic situation, HACOS has set a quick link on the menu of our WeChat page. Follow us, you can check it whenever you want!
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