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.

© 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 barry.s.knight@uk.gt.comT +44 (0)20 7865 2150

Daniel LinHead of Retail (Hong Kong)Grant Thornton ChinaE daniel.lin@cn.gt.comT +852 3987 1300

Kevin ChanHead of Retail (Shanghai)Grant Thornton ChinaE kevin.chan@cn.gt.comT +86 21 2322 0279

Carol ChengHead of Retail (Beijing)Grant Thornton ChinaE carol.cheng@cn.gt.comT +86 10 8566 5365

Nick FarrHead of China Britain ServicesGroup (London)Grant Thornton UK LLPE nick.farr@uk.gt.comT +44 (0)20 7728 2691

Ian Hartnell Head of Employee Benefits (London) Grant Thornton Employee BenefitsConsultancy LLP E ian.hartnell@uk.gt.com 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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