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Advisory services to retailers in China Operations and markets Market opportunity assessment Market entry strategy Advice on distribution and warehousing Store roll out strategy Advice on IT (EPoS and Infrastructure) Company formation and business risk services Investment categorisation Identification of preferred type of entity Legal formation Location planning Recommendations for holding structure Advice on financing methods including use of intermediary companies Overview of auditing, company law and tax filing obligations Insurance: property, business interruption, directors and officers, marine and internal transit goods, non-claim ability against contract warranties, PI insurance, cash in transit, product recall and public, product and employers liability Cross border structuring and tax Supply chain: review cross-border flow of goods and services to maximise operating cash flow efficiency and minimising the global tax Transfer pricing: documentation and defence work Financing: debt and equity structures Indirect taxes: managing VAT and customs duty leakage Accounting and treasury functions Internal audit Accounting, reconciliation of sales data and payroll Advice on creation of accounts payable and treasury dealing operations Property Acquisitions Store design and fit out Statutory requirements Partnerships, mergers and acquisitions Research and identification of target businesses Approaching and negotiating with targets Developing the offer; including valuations, funding requirements and drafting of all documentation Due diligence HR Personal tax planning HR policy Disciplinary matters Advice on pensions Compliance Company secretarial compliance National and local regulatory compliance E-commerce Website design Mobile apps and services Web hosting Photography and video services E and m fulfilment and logistics Our specialist retail teams located in the UK, Hong Kong, Shanghai and Beijing, together with a group of selected associates, have put together a new service to help UK retailers unlock their potential for growth and establish a presence in one of the fastest and growing markets in the world. Our advisory services cover every stage and aspect of your company’s entry and expansion into China.

Grant Thornton - Advisory services to retailers in China

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Our advisory services, helping UK retailers enter the Chinese market, cover every stage and aspect of your company's entry and expansion into China and Hong Kong. Our specialist retail teams located in the UK, Hong Kong, Shanghai and Beijing, together with a group of selected associates, can give you the necessary advice and support to help you unlock your potential for growth and establish a presence in one of the largest and fastest growing markets in the world.

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Page 1: Grant Thornton - Advisory services to retailers in China

Advisory services to retailers in China

Operations and markets• Marketopportunityassessment• Marketentrystrategy• Adviceondistributionandwarehousing• Storerolloutstrategy• AdviceonIT(EPoSandInfrastructure)

Company formation and business risk services• Investmentcategorisation• Identificationofpreferredtypeofentity• Legalformation• Locationplanning• Recommendationsforholdingstructure• Adviceonfinancingmethodsincludinguseofintermediarycompanies

• Overviewofauditing,companylawandtaxfilingobligations• Insurance:property,businessinterruption,directorsandofficers,marineandinternaltransitgoods,non-claimabilityagainstcontractwarranties,PIinsurance,cashintransit,productrecallandpublic,productandemployersliability

Cross border structuring and tax• Supplychain:reviewcross-borderflowofgoodsandservicestomaximiseoperatingcashflowefficiencyandminimisingthe globaltax

• Transferpricing:documentationanddefencework• Financing:debtandequitystructures• Indirecttaxes:managingVATandcustomsdutyleakage

Accounting and treasury functions• Internalaudit• Accounting,reconciliationofsalesdataandpayroll• Adviceoncreationofaccountspayableandtreasurydealingoperations

Property• Acquisitions• Storedesignandfitout• Statutoryrequirements

Partnerships, mergers and acquisitions• Researchandidentificationoftargetbusinesses• Approachingandnegotiatingwithtargets• Developingtheoffer;includingvaluations,fundingrequirementsanddraftingofalldocumentation

• Duediligence

HR• Personaltaxplanning• HRpolicy• Disciplinarymatters• Adviceonpensions

Compliance• Companysecretarialcompliance• Nationalandlocalregulatorycompliance

E-commerce• Websitedesign• Mobileappsandservices• Webhosting• Photographyandvideoservices• Eandmfulfilmentandlogistics

OurspecialistretailteamslocatedintheUK,HongKong,ShanghaiandBeijing,togetherwithagroupofselectedassociates,haveputtogetheranewservicetohelpUKretailersunlocktheirpotentialforgrowthandestablishapresenceinoneofthefastestandgrowingmarketsintheworld.Ouradvisoryservicescovereverystageandaspectofyourcompany’sentryandexpansionintoChina.

Page 2: Grant Thornton - Advisory services to retailers in China

© 2012 Grant Thornton UK LLP. All rights reserved.In this document ‘Grant Thornton’ means Grant Thornton UK LLP, Grant Thornton China and/or Grant Thornton Employee Benefits Consultancy LLP as the context requires. Grant Thornton Employee Benefits Consultancy LLP is owned by Grant Thornton UK LLP and its members. Grant Thornton UK LLP and Grant Thornton China are member firms within Grant Thornton International Ltd. (‘Grant Thornton International’). Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered by the member firms independently. This publication has been prepared only as a guide. No responsibility can be accepted for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.

grant-thornton.co.uk

Barry KnightHead of Retail (London)Grant Thornton UK LLPE [email protected] +44 (0)20 7865 2150

Daniel LinHead of Retail (Hong Kong)Grant Thornton ChinaE [email protected] +852 3987 1300

Kevin ChanHead of Retail (Shanghai)Grant Thornton ChinaE [email protected] +86 21 2322 0279

Carol ChengHead of Retail (Beijing)Grant Thornton ChinaE [email protected] +86 10 8566 5365

Nick FarrHead of China Britain ServicesGroup (London)Grant Thornton UK LLPE [email protected] +44 (0)20 7728 2691

Ian Hartnell Head of Employee Benefits (London) Grant Thornton Employee BenefitsConsultancy LLP E [email protected] T +44 (0)20 7728 2691

In association with

Grant Thornton’s China Retail team

Grant Thornton China, headquartered in Beijing, also has branch offices in Changchun, Chengdu, Dalian, Fuzhou, Guangzhou, Ha’erbin, Hong Kong SAR, Nanjing, Nanning, Qingdao, Shanghai, Taiyuan, Wuhan, Xi’an and Xiamen. We have a strong foothold in all major economic centres in mainland China and Hong Kong and are continuing to build our national presence.

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