How Skillfi’s End to End Assistance helped a startup overcome Regulatory and Cultural Challenges

A US-based financial services company wanted to establish a cross-border offshore center in Southeast Asia to support their global operations. The client faced several challenges in navigating the regulatory landscape and cultural differences in the region. They needed assistance in identifying the best location, complying with local regulations, and navigating cultural differences.

The client faced several challenges in establishing a cross-border offshore center in Southeast Asia. The regulatory landscape in the region was complex, with varying regulations for different countries. The client needed to identify a location that would allow them to operate legally and efficiently, while complying with local regulations.

The client also faced significant cultural differences, including language barriers, work culture, and business practices. They needed to ensure that their offshore team could work effectively with their global teams, while respecting local customs and practices.

Skillfi was engaged by the client to provide end-to-end assistance in establishing the cross-border offshore center in Southeast Asia. Our team of experts conducted a comprehensive analysis of the client’s requirements and identified the most suitable location for the offshore center, taking into consideration the regulatory landscape and cultural differences.

We provided guidance and support to the client in registering a legal entity, complying with local labor laws and regulations, and securing the necessary licenses and permits to operate legally. We also assisted in setting up the physical infrastructure, including office space, IT infrastructure, and other facilities required for the new team.

Our team provided training and support to the offshore team, ensuring that they were able to work effectively with the global teams while respecting local customs and practices. We also provided ongoing support to the client, including payroll processing, employee management, and administration services.

Skillfi’s end-to-end assistance helped the client to overcome the challenges of establishing a cross-border offshore center in Southeast Asia. Our team’s expertise in navigating the regulatory landscape and cultural differences in the region helped the client to achieve their objectives. The client was able to expand their global operations while complying with local regulations and respecting local customs and practices.