NEWS
Partners with NISHIKAWA ASSOCIATES, Strengthening 360-degree support for Japanese companies seeking to expand into Taiwan.
2024/1/10
Comprehensive support for Taiwanese expansion, including large-scale commercial facilities such as 新光三越 (SHIN KONG MITSUKOSHI).
World Mode Holdings Co., Ltd. (WMH / Headquarters: Shibuya, Tokyo, CEO: Shinsuke Kafuku) has entered into a business alliance with Nishikawa Associates, Inc. (NISHIKAWA ASSOCIATES / Head office: Shibuya, Tokyo, Representative Director: Yasuaki Nishikawa) to provide various legal, accounting, and tax support in Taiwan, as well as assistance in developing sales channels in cooperation with local commercial facilities. The company has been developing its overseas business mainly in APAC since 2017 and has accumulated numerous achievements. This time, the company will strengthen its business support for Taiwan, which has a particularly strong affinity with Japan.
Attractiveness of Expanding into Taiwan
The great thing about expanding into Taiwan is that the hurdles are lower than expanding into other countries. This is not only due to its physical proximity to Japan but also because it is a pro-Japanese country and has a large number of Japanese-affiliated commercial facilities. In addition, the Taiwanese government's efforts are excellent, and as a tax benefit, profits of less than NT$120,000 are exempt from tax, further lowering the hurdles for entry into the market.
20% tax exemption for profits of NT$120,000 or more.
In addition to tax incentives, the Taiwanese government actively supports business expansion, offering a variety of support measures such as subsidies for research and development costs and preferential policies such as free trade port zones. The Taiwanese market is an extremely attractive market for Japanese companies as a stepping stone to the Asian market.
Strengths of support for entering Taiwan through our partnership
Since 2018, WMH has been providing short- and long-term store management agency, human resources recruitment support, training, and various marketing support to Japanese beauty and fashion companies in Taiwan.
WORLD MODE TAIWAN, a Taiwan-based company, is responsible for this work. It also collaborates with schools in Taiwan on educational programs and supports the employment of more than 300 Taiwanese nationals in the Japanese fashion and beauty industry. It has carried out cross-border career development that will lead to the development of human resources who can become store managers and sales leaders in Taiwan in the future.
Since 2005, NISHIKAWA ASSOCIATES has provided market research, market development, accounting/tax support, and various legal consultations to over 200 Japanese companies. We also focus on supporting overseas expansion from a business perspective and have a wealth of experience and track record supporting Japanese companies.
In Taiwan, large commercial facilities such as 新光三越 (SHIN KONG MITSUKOSHI), 遠東SOGO, and 台湾三井不動産股份有限公司（MITSUI FUDOSAN TAIWAN CO., LTD.）have opened stores throughout the country. Since 2020, WMH and NISSIKAWA ASSOCIATES have been working with commercial facilities to support the expansion of various brands.
The partnership between the two companies will enable more effective 360-degree business support for expansion into Taiwan.
New system to easily expand into Taiwan
Currently, the need for Japanese brands is rapidly increasing in commercial facilities in Taiwan. In addition to supporting Japanese companies expanding into commercial facilities, WMH and NISHIKAWA ASSOCIATES will hold pop-up stores and events where multiple companies can jointly sell.
We also support import and export agencies while collaborating with logistics companies, so products can be delivered and payments can be made in Japan. By taking advantage of sales opportunities like this in Taiwan, you can conduct test marketing in Taiwan with less risk and effort.
Our next deployment
Our partnership will further expand in the future.
•Cross-border EC support in collaboration with EC businesses
•Visual merchandising support in collaboration with store construction companies
•Supporting solutions to clothing disposal issues in collaboration with recycling businesses
WMH and NISHIKAWA ASSOCIATES plan to continue to expand their partnership and develop services that solve customer issues.
[NISHIKAWA ASSOCIATES]
https://www.nishikawa-associates.com/
Representative launched in Taiwan in 2005, he gained consulting and business experience in the Taiwanese market at PWC. After launching in Taiwan, it expanded to Japan, Thailand, and Vietnam. It provides services such as accounting, taxation, and various legal consultations. To date, it has supported more than 200 companies expanding into Taiwan. He has published many books using his extensive experience. He is committed to the success of Japanese companies' overseas business. He has a track record of developing sales channels and overseas business models, as well as a network with local commercial facilities.
[Overseas Business Development Support of WMH]
https://worldmode.com/jp/global/
WMH provides diverse solutions to support domestic and overseas business development of clients mainly in the fashion and beauty industries. In April 2023, WMH ASIA PACIFIC was set up in Singapore to consolidate the business of its bases in five overseas countries (Singapore, Australia, Taiwan, Malaysia, and Vietnam). By consolidating the know-how and experience of professionals who know each market inside out, WMH has strengthened its system to provide integrated solutions.
WMH provides full support for overseas expansion, from market entry to import agency, and brand business management. In addition, by collaborating with local bases, WMH responds to various issues in overseas expansion, such as language and business practices. By removing the anxiety of clients who are considering overseas expansion, as a long-term business partner, WMH will support the business growth of Japanese companies in the fast-growing APAC region.
INQUIRIES ABOUT WMH ASIA PACIFIC:
WMH, International Business Department
https://global.wmh.co.jp/contact
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