China business group
Ni hao, Ernst & Young “China Desk”
Ernst & Young, one of the world’s most renowned professional services firm, has the pleasure to announce the establishment of a “China Desk” in Belgium, providing a full range of audit, tax, accounting, transaction advisory and industry related services on cross-border investments and operations between Belgium and China.
China has been strongly increasing its outbound foreign direct investment to Belgium, with a currently fifth place in Europe. As the heart of Europe, Belgium enjoys various assets, which attract the attention of these major investors: the presence of two of the leading ports in Europe, the central location of the main institutions of the European Union and a high concentration of global players in the financial services industry.
Ernst & Young “China Desk”
Given the increasing market needs, the Ernst & Young “China Desk” is able to provide a unique formula of assistance on multidisciplinary services in the relationship between Belgium and China, on both inbound and outbound activities.
1. inbound activities
It is our ambition to become one of the gateways to Europe for Chinese investments. With the support of the Ernst & Young “China Desk” we are able to communicate in Mandarin and will also act as a facilitator towards the market and other members within our organization.
The Desk offers, next to our current services & solutions, a full range of tailored services in setting up and running business operations in Belgium, as well as compliance with EU regulations. The service offerings include:
Different types of business entity to starting up
Preliminary site selection and logistics strategies
Tax/ financial incentives in establishing distribution center in Belgium
Intensive personal guidance on tax regulations, labor issues and permit procedures
Financial and tax/legal issues in cross-border M&A, IPO and restructuring
Liaise with local and EU authorities and apply for governmental subsidies
Mitigation strategies in dealing with EU’s trade defense instruments as well as China’s new export VAT refund regime
2. outbound activities Growing to more than 11,000 people by 2010, Ernst & Young China has ten offices in the major commercial cities of Beijing, Shanghai, Hong Kong, Guangzhou, Shenzhen, Chengdu, Dalian, Wuhan, Suzhou and Macau. Having the strong network relations with the colleagues in China, the China Desk in Belgium is also your gateway for any Belgian (and European) outbound activities in China. Understanding the clients country specific needs and the clear
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