TMF Group is a leading provider of compliance and administrative services. They help companies operate and expand globally by providing expertise in jurisdictions around the world. Their services enable clients to focus on their core business while TMF Group manages the complexities of operating internationally.
What services does TMF Group provide?
TMF Group provides a wide range of services to assist companies with international expansion and ongoing global compliance. Their key service offerings include:
- Company incorporation and administration – TMF Group can help establish legal entities in new jurisdictions and provide ongoing legal entity compliance and corporate secretarial services.
- Accounting and tax services – Their global network of accounting experts can handle financial reporting, tax filings, payroll, and more in dozens of countries worldwide.
- HR and payroll services – TMF Group offers localized HR and payroll solutions tailored to each jurisdiction’s specific regulations.
- Global compliance services – They stay on top of changing rules around the world to keep client operations compliant with legal, tax, HR, and other requirements.
- Visa and immigration support – TMF Group assists with visa applications, work permits, and related services to help clients assign global talent.
- Bank account opening – They can expedite business bank account opening in new markets to enable local operations.
- Global trade and licensing – TMF Group has expertise to help companies comply with trade regulations, secure import/export licenses, and more.
- Advisory services – In addition to operational support, they provide strategic advice on international expansion, M&A, restructuring, and market entry.
In essence, TMF Group acts as a professional employer organization for clients expanding and operating globally. Their worldwide team has local knowledge of regulations, compliance requirements, and administrative best practices.
What does TMF Group’s accounting and tax expertise include?
As a large global provider of accounting and tax services, TMF Group offers broad capabilities including:
- Statutory accounting – Preparation of financial statements following local GAAP in each jurisdiction.
- Management reporting – Global consolidation and reporting aligned with parent company requirements.
- Auditing and assurance – Local statutory audits conducted by credentialed in-country professionals.
- Tax compliance – Corporate tax, indirect tax, and individual tax compliance tailored for each country.
- Global tax advice – Guidance on international tax strategies, cross-border planning, and more.
- Accounting system implementation – Deploying accounting software locally and globally to enable consistent reporting.
- Intercompany transactions – Ensuring proper documentation and accounting for intragroup transactions.
- US GAAP and IFRS expertise – Experience supporting companies reporting under these standards.
- Shared service centers – Operating regional multi-country accounting centers for increased efficiency.
- Financial planning and analysis – Budgeting, forecasting, management reporting, and performance analytics.
This range of accounting and tax services enables TMF Group to essentially serve as an international finance and accounting department tailored to each client’s needs in every jurisdiction they operate.
Countries where TMF Group provides accounting and tax expertise
TMF Group has accounting and tax professionals knowledgeable in local regulations in over 120 jurisdictions globally including major countries and emerging markets such as:
United States | China | Germany |
United Kingdom | Hong Kong | France |
Netherlands | Singapore | Canada |
Switzerland | Australia | Brazil |
Luxembourg | India | Mexico |
How does TMF Group assist with global HR and payroll needs?
TMF Group’s global HR and payroll services aim to reduce the complexity of employing an international workforce. Their capabilities include:
- Payroll processing – Payroll preparation and payment compliant with local laws in over 80 countries.
- Compensation and benefits – Support with localized compensation, benefits plans, and mandatory insurances.
- HR compliance – Guidance on jurisdiction-specific employment regulations and required filings.
- Pensions administration – Managing local retirement plans tailored for each country’s requirements.
- Global mobility – Assistance with international assignments including payroll, tax and immigration issues.
- Recruitment services – Identifying and hiring qualified talent locally or worldwide through TMF Group’s HR expertise.
- HR systems – Implementing and supporting global HRIS platforms from vendors like SAP and Workday.
- Contractor management – Onboarding and managing contractors globally while ensuring proper compliance.
This range of HR and payroll services allows companies to onboard and manage an international workforce while having a locally compliant employment framework set up in each jurisdiction.
Major countries supported by TMF Group’s HR and payroll services
United States | Netherlands | Mexico |
United Kingdom | Germany | Brazil |
France | China | Australia |
Italy | Hong Kong | India |
Spain | Singapore | United Arab Emirates |
What expertise does TMF Group offer for global company incorporation and entity management?
TMF Group supports companies expanding globally with services including:
- Incorporation – Forming new legal entities abroad following proper procedures.
- Entity administration – Maintaining legal entities’ compliance status after establishment.
- Corporate secretarial – Preparing minutes, filings, and completing other secretarial duties required.
- Local registered office – Providing a compliant registered address in-country for legal entities.
- Reporting – Preparing and filing routine reports as required by each jurisdiction.
- Directorship services – Providing local directors to meet residency requirements globally.
- Statutory record keeping – Maintaining registers, minute books, filings and other statutory records.
- Transaction support – Assisting with legal entity transactions including acquisitions, divestitures, liquidations, etc.
- Entity restructuring – Facilitating necessary changes to legal entity structures and holdings.
- Entity and subsidiary governance – Advising on proper governance of local entities and subsidiary boards.
This comprehensive range of legal entity services helps ensure new entities are properly formed and remain compliant after establishment as companies operate globally.
Countries supported for new entity formations and management
TMF Group assists with company incorporations and ongoing legal entity compliance in over 120 jurisdictions worldwide including major markets such as:
United States | China | Netherlands |
United Kingdom | Germany | Brazil |
Cayman Islands | Hong Kong | Luxembourg |
British Virgin Islands | Singapore | Switzerland |
Ireland | Australia | Japan |
What other services are part of TMF Group’s offering?
In addition to their core accounting, HR, payroll, and entity management services, TMF Group provides a diverse range of other global compliance and expansion solutions including:
- Visa and immigration – Work permits, visa support, and related mobility assistance.
- Global market entry – Targeted consulting on entering new jurisdictions locally.
- International trade support – Assistance with trade compliance, licenses, and import/export processes.
- Regulatory compliance – Monitoring and advising on ever-changing regulatory regimes worldwide.
- Global grants and incentives – Identifying and securing available government grants and incentives.
- Business process outsourcing – Taking on specific business processes to improve quality and efficiency.
- International real estate – Acquiring and managing overseas property assets locally.
- Supply chain management – Improving logistics, reducing duties, and facilitating trade.
- Investment management – Supporting capital investments globally through a local presence.
- Banking services – Introductions and support for opening international bank accounts.
TMF Group’s extensive global reach and local knowledge enable them to provide secure access to this diverse range of integrated services supporting nearly every aspect of international business operations.
In what regions does TMF Group have operations?
TMF Group has an extensive on-the-ground presence in all major regions globally including:
- Europe – Offices across Western, Central and Eastern Europe including Germany, France, the Netherlands, Switzerland, Italy, Spain, Poland, Turkey and more.
- Asia – Widespread capabilities across East and Southeast Asia including China, Hong Kong, Singapore, Malaysia, Thailand, India, and beyond.
- Americas – Significant operations spanning North, Central and South America as well as the Caribbean.
- Middle East – Local teams supporting the United Arab Emirates, Saudi Arabia and across the Gulf region.
- Africa – Offices serving jurisdictions across Sub-Saharan and Northern Africa.
- Oceania – On-the-ground presence providing Australia, New Zealand and Pacific Island coverage.
Supported by this global footprint, TMF Group can serve clients in virtually every major economy and development hub worldwide with localized capabilities and on-the-ground expertise.
Number of jurisdictions served by TMF Group globally
Europe | 35+ jurisdictions |
Americas | 15+ jurisdictions |
Asia | 15+ jurisdictions |
Middle East | 10+ jurisdictions |
Africa | 50+ jurisdictions |
Oceania | 10+ jurisdictions |
What types of clients does TMF Group serve?
With expertise across such a wide range of geographies, industries, and services, TMF Group supports a highly diverse client base including:
- Multinational corporations – Large global enterprises with operations spanning numerous countries.
- Mid-sized companies – Businesses with global ambitions seeking to establish overseas operations.
- Technology firms – Innovative tech companies requiring worldwide support as they scale rapidly.
- Financial services institutions – Banks, investment managers, private equity firms and other financial services organizations.
- Startups and venture capital – Early-stage startups and VC firms pursuing international opportunities.
- Accounting firms – Partnering with accountants needing global reach to service global client needs.
- Law firms – Law practices requiring far-reaching global entity and compliance support for clients.
- Government agencies – Administrative and compliance services to governments establishing sovereign entities.
Supported by its worldwide team, TMF Group has the capability and experience to assist leading organizations across all sectors take on the world stage.
What are the main benefits of TMF Group’s services and global approach?
There are numerous advantages companies can realize by leveraging TMF Group’s global compliance and administrative services including:
- Local expertise – TMF Group’s worldwide team has extensive local knowledge in each jurisdiction.
- Reduced risk – Relying on their expertise reduces compliance risk as companies operate globally.
- Improved scalability – TMF Group’s global processes enable efficient entity and workforce scaling.
- Increased speed – Their local presence facilitates faster market entry and geographic expansion.
- Cost optimization – TMF Group drives efficiency from global visibility and standardized processes.
- Enhanced governance – Their entity experts ensure global subsidiaries follow proper governance.
- Geographic flexibility – TMF Group makes it easier to adapt global operations in response to market conditions.
- Strategic advice – Their worldwide team provides valuable perspectives on navigating new markets.
For companies managing globalization’s intricacies, TMF Group serves as an indispensable partner for unlocking international growth while controlling risk and complexity.
Conclusion
In summary, TMF Group enables companies to go global by providing vital on-the-ground services worldwide. Their accounting, HR, payroll, compliance, and entity management expertise frees clients to focus on core objectives and strategy while reducing risk. With seasoned local professionals in nearly every key jurisdiction, TMF Group has the global reach and capabilities to guide companies through their international expansion and ongoing worldwide operations.