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Taipei chosen as the optimal 1st base for Cambridge GaN Devices.
Cambridge GaN Devices (CGD) is a fabless semiconductor company engaged in the design, development, and commercialization of energy-efficient GaN-based power devices, aiming to facilitate the creation of environmentally friendly electronics. As a significant component of its global strategy, CGD has been actively expanding its international operations, with a particular focus on the APAC regions. In order to adeptly navigate the complexities of diverse business practices, cultural nuances, and regulatory variations in distant countries, CGD has enlisted the assistance of Crayfish.io. This collaboration aims to effectively structure CGD’s presence within the Greater China region, positioning it for sustained long-term growth.
When companies decide to establish a presence overseas, decision-makers are presented with a range of options and a list of questions. These considerations are crucial before determining the most suitable structure for their local business—whether it be a subsidiary, a branch, or a representative office. Such a choice will subsequently impact the operational model, recruitment plan, as well as accounting and tax principles. This scenario applies to CGD as well. With early-stage support from Crayfish, CGD concluded that establishing a representative office in Taipei was the optimal choice for initiating its first operation in Greater China.
Crayfish.io provided CGD with guidance regarding the advantages and disadvantages of various business structures, location options, and office setups. Subsequently, they managed the entire process of CGD’s establishment in Taiwan. Furthermore, Crayfish facilitated a connection between CGD and a reputable local CPA, who took charge of managing accounting, payroll, tax-related matters, and the ongoing operational management of the representative office.
“The AsiaPac region has been a really important part of our strategy as we scale up our business. However, doing business in the region was new for us and the best processes for doing so were unclear. Crayfish provided an excellent service in helping us understand the different options, which one suits our needs, and then enabling us to execute upon this. Having a point of contact to guide you through this process end to end is invaluable, and has helped us make decisions with all the information available and known. They were incredibly supportive and responsive throughout the process. We look forward to working with Crayfish again as we continue our expansion.”