The professional services industry is booming as more and more companies look to outsource core business processes. However, the pace of change in this segment means companies have to keep up with newer, more responsive competitors.
Asia is attractive to many professional services providers because of the region’s dynamic emerging economies.
Manufacturing and exports have traditionally defined how many foreign investors think about Asia. However, economies across the region are transitioning from manufacturing- and export-led growth models towards service-led models as they mature – opening up new opportunities for professional services.
Meanwhile, several countries in South and Southeast Asia have well-established, and globally competitive service industries.
While the diverse array of talent and the innovative use of technology have helped the industry improve its productivity, there remain many challenges:
How we can help companies establish their presence in the professional services industry:
Dezan Shira & Associates has been operating in the services industry for over 25 years. The firm can help manage pre-entry planning before setting up and we also maintain the requisite legal, tax, and operational expertise to ensure compliance in a rapidly evolving space.
While services are increasingly spotlighted as leading the next wave of growth in Asia, foreign investors entering new markets need to be cautious when managing their expansion into this evolving industry.
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