CODE KORIAN HOTEL
Our Korean hotel wanted to setup a unit in India to address Korean Companies expats. We assisted them to company setup, hotel location identification, general business support.
Client Profile:
Our client, a renowned Korean hotel chain, sought to establish a unit in India to cater specifically to Korean company expatriates. The client required strategic guidance and comprehensive support in setting up the business, selecting an optimal location, obtaining regulatory approvals, and ensuring seamless operations.
Challenges Faced:
Company Incorporation & Regulatory Compliance
Navigating the legal framework and obtaining necessary approvals for setting up a foreign-owned hospitality business in India.
Hotel Location Identification
Finding a strategically viable location with high demand from Korean expatriates.
Business Plan Development
Creating a structured business plan covering market positioning, investment planning, operational framework, and revenue models.
Operational & Business Support
Ensuring smooth business operations, including financial structuring, taxation, and local business partnerships.
Our Solution:
Company Setup & Regulatory Approvals
We facilitated the entire process of company incorporation, ensuring compliance with FDI norms, licensing, and industry-specific approvals.
Strategic Location Identification
Our market research team conducted a feasibility study to identify prime locations with a significant Korean expatriate presence, leading to an optimal site selection.
Business Plan & Market Entry Strategy
We developed a detailed business plan outlining operational strategies, marketing approaches, pricing models, and competitive positioning.
Operational & Business Support
- Financial Advisory: Structuring investment models, optimizing tax benefits, and ensuring compliance with financial regulations.
- Vendor & Partner Development: Assisting in sourcing local vendors, suppliers, and service providers for smooth business operations.
- HR & Payroll Management: Advising on workforce hiring, payroll structuring, and employment regulations for hospitality staff.
Outcome:
- Successfully established the hotel in India with a seamless legal and operational framework.
- Identified and secured an ideal location catering to the Korean expatriate community.
- Developed a comprehensive business strategy ensuring competitive positioning and financial viability.
- Ensured regulatory compliance, operational efficiency, and long-term sustainability of the business.
Conclusion
Our expertise in foreign market entry, regulatory compliance, and operational support enabled the client to successfully launch and establish their hotel business in India. Through meticulous planning and strategic execution, we helped them navigate market complexities, ensuring a profitable and sustainable expansion into the Indian hospitality sector.
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