Hong Kong Beckons International Business Services Provider

Hong Kong’s strategic position has played a pivotal role in enabling TMF Group to flourish in Asia.

Global business services provider TMF Group has been operating its Asia-Pacific headquarters in Hong Kong since 1994, having recognised early on the city’s strategic position as an international hub and a gateway for growth. The city’s favourable geographical location, situated at the heart of Asia, makes it an ideal base for the company to expand its operations into the Asia-Pacific market. With its sophisticated business infrastructure, robust legal framework and excellent connectivity, Hong Kong offers unparalleled access to major markets in the region.

Bolstering its Position in Hong Kong 

Since its establishment in 1988, TMF Group has been dedicated to helping businesses operate efficiently and effectively wherever they are in the world. Headquartered in Amsterdam, the company leverages Hong Kong’s business-friendly environment to provide comprehensive business services to its clients in the Asia-Pacific region. These services encompass a wide range of areas, including financial, fund, tax, legal, corporate secretarial, human resources (HR) and other business administration services.

“Hong Kong is a preferred destination for doing business due to its dynamic economy,” said Maggie Chan, Managing Director of TMF Hong Kong. “The city’s competitiveness is underpinned by its sound legal system and judicial independence, free flow of capital and goods, free trade and investment regime, simple and low tax system, world-class labour force, favourable business environment and its efficient government,” Chan added.

TMF Group’s Hong Kong office currently employs around 300 staff and offers a full range of professional corporate solutions, including fund and capital markets services. Further solidifying its status in the region, TMF’s Hong Kong office was named one of the Best Workplaces™ in Hong Kong 2023 by Great Place to Work.

Leveraging Geographical Advantage

According to Chan, a key advantage of having an office in Hong Kong is the proximity to Mainland China. “The city’s strategic location allows companies to tap into one of the world’s most important growth markets, especially as the Guangdong-Hong Kong-Macao Greater Bay Area and Belt and Road initiatives continue to gather pace,” Chan said. 

Through its presence in Hong Kong, TMF Group has been able to better serve foreign companies looking to expand into Mainland China and vice versa. TMF itself also set up its Mainland China team in 2006 and currently has offices in Shanghai, Beijing, Chengdu, Shenzhen, Tianjin and Guangzhou to provide local expertise on everything from HR management to accounting and tax to businesses of all sizes.

With Asia-Pacific’s continued economic ascent and the Hong Kong and Chinese governments’ various initiatives to support business development, opportunities abound in the region for further growth and success. To provide clients with the insights and support needed to seize these opportunities, TMF Group looks to continue its expansion as well as its collaborations with trusted organisations, such as InvestHK.

“We see ourselves as a partner to our clients, offering a one-stop global solution which otherwise requires many local providers,” said Chan. “Our clients are always doing extraordinary things. We are proud to support them. We know that by adding extra to the ordinary processes that we all take for granted, we can achieve the extraordinary.”