b'ESVDoing business in AustraliaCase study: helping businesses kick off in AustraliaLaunching a successful business in a foreign country is aboutBeyond this initial set up stage, there was a growing list of back much more than the initial set-up obligations. Part of runningoffice requirements, including finance, administration, compliance a global business is the challenge of maintaining sustainableand reporting.operations and growth in an unknown business environment,As the business continued to grow its operations in Australia, ESV which comes with its own set of unique rules and complianceoperated as part of the local finance and administration team, obligations. working with the Managing Director to manage requirements and This is what one of our inbound clients, a multinationaldeliver regular reports to the head office in Europe.pharmaceutical company headquartered in Europe, found whenWe now provide assistance on a range of operational issues, they established their business presence in Australia. ESV wasincluding liaising with auditors, completing necessary accounting initially engaged to provide structuring and tax advice for thefiles, budget revisions and tax compliance. We continue to provide business, to allow them to take ownership of the distribution ofadvice on the business global strategy, including assistance with their Australian based goods. launching operations in New Zealand 18 months after establishing We worked closelywith the business to help them establish anin Australia.appropriate structure, taking into account their strategic goals andOur virtual CFO approach and strategic advice has helped ensure the current business environment in Australia. We assisted in thethe business maintains sustainable operations and continued setup of a wholly owned subsidiary, including advice on entities,growth in Australia.establishing funding, liaising with banks and employing staff.'