The current wave of globalization continues to transform the business landscape and impact companies around the world. China’s increasing economic presence on the world stage has undoubtedly played a part in this global trend. Chinese companies are expanding their footprint globally and their globalization strategies involve many challenges because of cultural differences, language barriers, financing difficulties and regulatory issues.
Our China Overseas Investment Network (COIN) links Ernst & Young professionals around the globe, facilitates collaboration, and provides consistent and coordinated services, to our clients with overseas investment from China. Building on the existing China Business Group in the Americas, EMEIA and Oceania areas, COIN has expanded our network in over 40 countries and territories around the world.
COIN is part of Ernst & Young’s commitment to provide seamless and high-quality client service, worldwide, to Chinese companies going overseas and doing business overseas. Our globally integrated structure enables us to deploy dedicated teams with strong local experience, and profound industry knowledge to provide seamless services to our clients.
Ernst & Young “China Overseas Investment Network”
Given the increasing market needs, the Ernst & Young “China Overseas Investment Network” 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 Overseas Investment Network” 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 10,000 people, Ernst & Young China has 14 offices in the major commercial cities including Beijing, Shanghai, Hong Kong, Shenzhen, Tianjin and Chengdu. 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.
Download our brochure for more information on our China Overseas Investment Network (pdf, 1.4mb)