Our client, a successful Japanese medical equipment manufacturer, needed to compete locally in an increasingly competitive U.S. market.
The Problem
U.S. sales were declining due to increasing competition from local traders and manufacturers. Our client recognized that doing business remotely from Japan was no longer effective, as U.S. customers preferred local vendors when all other conditions were equal. Establishing a subsidiary was cost-prohibitive, considering legal, rent, consulting, human resources, and tax expenses.
Our Solution
After consulting with POSI, our client learned that we could cut their estimated costs in half by providing the following:
• Virtual office support (use of POSI address)
• Processing and reporting of payroll, payments, and billing
• Bookkeeping
• Tax processing and reporting
• Comprehensive accounting services
The Results
We helped our client establish its U.S. subsidiary within a month. Our client was able to launch U.S. operations with one expatriate from their parent company, without needing to lease an office. As a result, their U.S. business has been profitable and growing ever since.