What WorkPlus does

WorkPlus (贸发在线), founded in 2011 and headquartered in Hangzhou, China, is a professional services firm that guides Chinese enterprises through cross-border expansion. The company is publicly listed on China's National Equities Exchange and Quotations (NEEQ) under ticker 836418 and employs 101–250 people across offices in Hangzhou, Shenzhen, Suzhou, Hong Kong, and Singapore (the latter serving as its regional headquarters for Southeast Asia). Its service portfolio covers overseas company registration in 50+ countries and regions, offshore bank account opening through partner banks (HSBC, Standard Chartered, DBS), Overseas Direct Investment (ODI) registration, international tax compliance (CRS declarations, cross-border tax planning, VAT refunds), international trademark and patent registration via the Madrid System, overseas residency and immigration services, and government subsidy facilitation including the Hong Kong BUD Special Fund and Singapore EDG Enterprise Development Grant.

The underlying technology layer is explicitly characterized as non-applicable; WorkPlus sells expertise and process execution rather than software products. Delivery is human-led by senior accountants, tax consultants, and legal professionals holding international certified qualifications. Revenue is generated primarily through professional services fees on a project-by-project, quote-based pricing model with no publicly disclosed price list. Specific service-level guarantees include fast-track Hong Kong company registration completed in three working days and a global tax burden optimization plan promising a minimum 3% comprehensive tax rate. Go-to-market relies on direct enterprise consultation, the corporate website (workplus.com.cn), a WeChat Public Account for client engagement in the Chinese market, and referral flow from its banking and government partner network.

The customer base is horizontally segmented across two primary groups: companies seeking internationalization (to establish international brands, access global customers, and enter new markets) and enterprise outbound businesses requiring regulatory compliance and administrative support. Differentiation rests on the combination of a multi-jurisdiction service catalog, established banking and government channel access, and accumulated regulatory know-how across 50+ jurisdictions. No named customer logos, recurring subscription metrics, or platform-level usage data are disclosed, so engagement-level revenue visibility is limited.

Name

WorkPlus

Legal name

WorkPlus

Website

https://workplus.com.cn

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

101–250 employees

Short description

WorkPlus (贸发在线) is a Hangzhou-based, NEEQ-listed professional services firm that helps Chinese enterprises expand internationally through overseas company registration in 50+ countries, offshore banking, ODI registration, tax compliance, and immigration services.

Ownership category

akta.pro rank

Product category

Cross-border business services

NAICS

Management Consulting Services (54161), Office Administrative Services (5611)

SIC

Services-Management Consulting Services (8742), Services-Management Services (8741)

akta.pro primary industry

Global Mobility & Cross-Border Tax/Immigration Advisory (THACAKAG)

akta.pro secondary industries

Immigration Outsourcing & Managed Services (BPO/RPO for Immigration) (THACAKAM), Immigration, Visa & Work Authorization Support (HSAKAJAF), Global Mobility, Immigration & Relocation (BPACAPAN)

Keywords

• Overseas company registration
• Offshore banking services
• Cross-border tax compliance
• ODI registration services
• International trademark filing

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Professional Services - Company Registration: Fees for company registration services across 50+ countries and regions, including fast-track options such as Hong Kong company registration in 3 working days.
2. Offshore Bank Account Services: Facilitation services for international bank account opening with partner banks including HSBC, Standard Chartered, and DBS.
3. ODI Registration Services: Full-process application services for Overseas Direct Investment registration with Development Department, Commerce Department, and Foreign Exchange Administration compliance review.
4. Cross-Border Compliance Services: Tax compliance services including CRS declaration, cross-border tax planning, VAT refund assistance, and global tax optimization planning.
5. Intellectual Property Services: International trademark registration via Madrid System and intellectual property rights litigation support.
6. Immigration and Residency Services: Entrepreneur immigration services and tax resident identity planning schemes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

WorkPlus is a global navigation service provider for Chinese enterprises expanding internationally. It delivers cross-border professional services including overseas company registration across more than 50 countries and regions (with Hong Kong fast-track registration completed in 3 working days), offshore bank account opening via HSBC/Standard Chartered/DBS green channels, Overseas Direct Investment (ODI) registration, international tax compliance (CRS declaration, tax planning, VAT refund), Madrid System trademark registration, IP litigation support, and overseas residency/immigration advisory.

Product overview

WorkPlus (贸发在线) is a global navigation service provider for enterprise outbound business. The company offers an integrated platform of professional services including overseas company registration across 50+ countries, offshore bank account opening, overseas direct investment (ODI) registration, international tax compliance, trademark/patent registration, and overseas residency services. Core service modules cover enterprise internationalization foundation, cross-border compliance, and government subsidy applications. The portfolio includes specialized funds support such as Hong Kong BUD Special Fund and Singapore EDG Enterprise Development Grant.

Differentiator

Problem solved

Functional benefit

Products and services

• Enterprise Outbound Basic Construction Foundational consulting engagement for companies establishing an international footprint, covering international brand building, global customer acquisition, market entry, and localized service delivery planning. Intended for Chinese enterprises pursuing first-time or expanded overseas presence.
• Register Overseas Company End-to-end overseas company formation service covering more than 50 countries and regions, including Hong Kong, Singapore, and EU jurisdictions. Includes fast-track Hong Kong company registration completed in 3 working days. Intended for enterprises and entrepreneurs establishing offshore corporate entities.
• Offshore Bank Account Opening Facilitation service for opening international bank accounts through green-channel arrangements with HSBC, Standard Chartered, and DBS, including multi-currency account management solutions. For enterprises requiring offshore banking access to support international operations.
• Overseas Direct Investment (ODI) Registration Full-process application service for Overseas Direct Investment registration, including filings with the Development Department, Commerce Department, and Foreign Exchange Administration, plus compliance review and risk avoidance planning. Required for Chinese enterprises making outbound investments.
• International Tax Compliance

Quantifiable outcome

• Complete Hong Kong company registration in 3 working days
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• HSBCcoreOthersStrategic banking partner providing green channel services for international bank account opening. HSBC offers multi-currency account management solutions as part of the service offering.
• Standard CharteredcoreOthersStrategic banking partner for offshore bank account opening services, offering multi-currency account management solutions for enterprise outbound clients.
• DBScoreOthersStrategic banking partner providing green channel for international bank account opening, serving as one of the preferred banking options for offshore account services.
• Hong Kong BUD Special FundmajorGTM or Marketing PartnerGovernment subsidy program that WorkPlus helps clients apply for. The BUD Fund supports Hong Kong companies in expanding into Mainland and overseas markets through funding for eligible projects.
• Singapore Enterprise Development Grant (EDG)majorGTM or Marketing PartnerSingapore government enterprise development grant that WorkPlus assists clients in accessing. EDG supports Singapore companies in growing their businesses through funding for capability development and internationalization.
• Global Partner NetworkcoreStrategic or Co-development PartnerEstablished wide-ranging partner networks globally providing localized support and services. Partners include legal firms, accounting practices, and business consultants across multiple jurisdictions to support comprehensive enterprise outbound solutions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TMF Group: Global provider of corporate secretarial, accounting, tax, and HR/payroll services across 80+ jurisdictions. TMF is a direct competitor to WorkPlus in cross-border company formation, ODI support, and tax compliance for enterprises expanding internationally.
• Vistra: International corporate services and fund administration firm operating in 50+ jurisdictions, offering company incorporation, tax, compliance, and HR services. Directly comparable to WorkPlus's multi-jurisdiction enterprise outbound model.
• Tricor: Asia-headquartered business services specialist providing company formation, corporate secretarial, tax, and advisory services across Asia-Pacific. Closely comparable to WorkPlus's Hong Kong and Southeast Asia expansion focus.
• Hawksford: International corporate services firm providing company formation, tax, residency, and fiduciary services across multiple jurisdictions. Directly comparable in cross-border corporate structuring and residency planning offerings.
• Acclime: Asia-focused corporate services and advisory firm offering company incorporation, tax, compliance, and HR services across 18+ Asian markets. Overlaps directly with WorkPlus's ASEAN outbound and Hong Kong service lines.
• JTC Group: Global provider of fund, corporate, and private client services including company formation, administration, and tax planning across multiple jurisdictions. Comparable in cross-border corporate structuring for enterprises and HNW clients.
• Asiaciti Trust: Asia-based corporate services and trust specialist providing company formation, fiduciary, tax residency, and wealth structuring services. Comparable to WorkPlus in cross-border corporate services targeting Asian markets.

Broad incumbents

• Globalization Partners: Global Employer of Record platform enabling companies to hire and manage employees in 180+ countries without local entities. Broader incumbent in the cross-border expansion space where WorkPlus operates in company formation and tax.

Emerging players

• Deel: Fast-growing global payroll and EOR platform with entity setup, immigration, and tax services. While tech-led and focused on employment, Deel overlaps with WorkPlus in cross-border expansion services and residency/immigration support.

Regional players

• BOI Services (now Conpak): Hong Kong-based professional services firm providing company formation, corporate secretarial, tax, and accounting services with Greater China focus. A regional peer overlapping with WorkPlus's Hong Kong corporate services offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WorkPlus