Company Screening (Know Your Partner)
for Hong Kong companies
Whether you a startup finding a channel partner or you are an established company willing to enhance current relationships in the market, working with third-party channel partners has its value and place within a comprehensive go-to-market strategy. But you need to make sure that you are selecting the right channel partner.
Once you select the right channel partner for your business, eventually, you will start operating your business effectively. As a matter of fact, in today’s hyper-connected economy, several companies are in contact with the fast-expanding business networks that provide them with a wide range of growth opportunities.
This included- reach new customers and markets, sub-contract labor-intensive work or outsource non-core competencies, develop new activities, build joint ventures or expand sales through partners, and much more. However, one common element in all this is that it also increases the number of business partners exponentially they deal with: suppliers, agents or representatives, contractors, customers, service providers, consultants.
Well, the right channel partner screening will help you in assisting in the operations of your business. If you want to make the perfect decision for your business, then we will help you with making that. Always remember that no partners are the same and finding the right channel is the key. Otherwise, you will risk wasting precious resources and time.
Importance of Selecting the Right Channel Partner for a Business
With the advancement of technology and global opportunities, one may encounter a significant amount of change in channel partnerships. But still, they remain as pertinent as ever in the competitive world. Undoubtedly, the partner model was used to be centered on collecting upfront revenue, margins, and resale.
However, as the technology sector has transitioned to a more service-based industry, the partner channel has followed the same suit. Everybody wants to upgrade their business and want to stay away from the competition, so, it’s not enough for the channel partners just to provide the customers with the right technology.
In fact, they also require to offer responsiveness, flexibility and strategic enablement. Obviously, the potential advantages of a modern channel partner massively depend upon who you choose to partner with.
That’s why it is always said that you need to select the right channel partner for your business across all industry sectors. While operating the business, every business owner needs to have resources and partners so that they can operate each and every aspect of the company carefully.
And by doing partnerships, they allow resources to be shared between both parties, including education, expertise, and consultancy, as well as more tangible resources like capital, marketing materials, and technology.
What’s more, the effective channel partnerships have enabled the organizations in order to leverage powerful IT solutions, generating new revenue streams, and gaining access to professional business tools that may be otherwise out of reach.
And if any business owner gets failed to select the best partner for their business, then because of the ineffective partnerships, their businesses can be weighed down by bureaucracy and lacking support and open communication.
As per stated earlier, while choosing an enterprise partner, it is pertinent to select one that is willing to take time to understand your business, its customers and what it is that you are trying to achieve. And here comes the role of Startupr. We are fully immersed in investing in our partner’s aims and objectives.
Why Choose Startupr?
Being the TCSP Licensee No. TC007820 holder by the Registry for Trust and Company Service Providers, Companies Registry, Startupr will genuinely demonstrate the benefits of business collaboration in the competition.
Through our Know Your Partner service, We offer a range of benefits to ensure that we remain as committed to you as you are to us.
Along with the same line, it is stated that every business person need to look for a channel partner that has a comprehensive strategy already in place. So, let us give you some glimpses on which way Startupr works and how they can help you in growing your business.
Subject Matter Expertise
As a matter of fact, the subject matter expert (SME) provides the expertise and knowledge in a specific subject, business area, or technical area for a project/program.
Being a subject matter expert in the race, Startupr will ensure the facts and details of your business are correct so that the project’s/program’s deliverable(s) will meet the needs of the stakeholders, policies, standards, and best practices.
Helps the client to know the partner(s) for the business, especially on Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) sector
Since 1 March 2018, the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance 2018 had extended the existing Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) in the regards of the Hong Kong government’s reforms in order to bring its legislation in line with international standards.
In fact, these kinds of enhanced requirements cover accounting professionals, solicitors, real estate agents, and Trust or Company Service Providers (“TCSPs”), collectively known as Designated Non-Financial Businesses and Professionals (“DNFBPs”) and mandate that those engaging in specified transactions be regulated under the AMLO.
Therefore, Startupr provides services can help you in all aspects of anti-money laundering (AML) rules and regulations. With the deep bench knowledge, Startupr helps various companies in order to navigate the complex, and overlapping regulatory AML landscape.
In addition to this, our experience will assist you in creating efficient structures and transactions that comply with regulatory requirements in connection with implementing or enhancing AML-compliant internal controls.
Screening is Simple, Direct and Fast
Startupr’s Know Your Partner service is straightforward, direct and fast. In fact, our mission is to provide a high level of flexibility to develop a model that is most appropriate for partners’ business to achieve the highest return.
We are committed to building a mutually beneficial relationship from registering to setting up your business. Moreover, we will also help you in creating and delivering services that must reflect your business needs by doing the screening.
Our Process and Fees
We provide three levels of screening services:
Basic Primary screening which costs $265 USD with the following company documents and one AML/CTF screening result, all in digital version.
- Latest Annual Return (NAR1)
- Certificate of Incorporation
- Incorporation form (NC1/NNC1)
- Articles of Association
We offer Advance screening which costs $295 USD with all documents in primary screening + a digital version of Company Particulars Report.
We can provide additional screening – Customized screening which based on your request.
How we do it?
Well, we follow a straightforward process.
- All the business owners are required to contact our consultant for choosing a suitable screening for you.
- Then you need to provide us the Hong Kong company name.
- Once we got all the information about your company, we will start the process after full payment is received.
- Within 2-3 working days, documents and AML/CTF screening result will be provided to the client by email.
If you are looking for more information about Know Your Partner service, then contact us now. We will be pleased to help you in dealing with all the aspects of your business.