Country of Origin: Singapore
Services: Company Registration, Accounting & Tax Reporting, HR & Payroll
Background
Cargosavvy provides innovative and sustainable logistics solutions that are fast, reliable and cost effective. With more than 40 years of consolidated team experience, the company offers a combination of expertise and experience with passion and dedication. Well established in Singapore, Cargosavvy decided to expand their business overseas, choosing Vietnam as their first market.
Challenge
Going overseas for the first time is a challenge for every company, especially when an investor is not fully familiar with business and legal regulations in the foreign country. Being aware of complex incorporation procedure for the logistics industry in Vietnam, Cargosavvy has reached out to Cekindo through Enterprise Singapore (ESG) seeking advice.
Solution
Cekindo provided a detailed consultation on the market entry with the strategy plan, and assisted Cargosavvy with the incorporation of the 100% foreign owned entity with the support of the MRA grant from ESG.
Outcome
A subsidiary Cargosavvy Vietnam was established with required licenses for logistics activities. After the incorporation, Cekindo has been supporting Cargosavvy’s ongoing operations in Vietnam with Accounting and Tax reporting, and HR payroll services. Cargosavvy also became the main logistics partner for Cekindo clients in Vietnam.