PwC Luxembourg offers congratulations on the 50th anniversary of diplomatic relations between China and Luxembourg and looks forward to continued support and economic collaboration between the two countries

chinadaily.com.cn | Updated: 2022-11-18 06:00

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2022 is an important year for China and Luxembourg. This year marks the 50th anniversary of the establishment of diplomatic ties between China and Luxembourg. The economic cooperation, trade relations and cultural exchanges between the two countries have been stable and increasing, e.g. seven of the major Chinese banks are present with their EU headquarters in Luxembourg, Luxembourg is the largest global domicile of investment funds investing into China and the China Cultural Center in Luxembourg was officially opened in Luxembourg recently.

As the COVID-19 pandemic continues to evolve and affect people, business and societies around the world, there is a growing realisation that we have to choose a new normal where economic and social progress are aligned. We wish China and Luxembourg to continue its strong collaboration and also transform the collaboration into the next new level under this new normal.

-------------------------John Parkhouse, CEO and Senior Partner, PwC Luxembourg

CEO and Senior Partner of PwC Luxembourg. [Photo provided to chinadaily.com.cn]

PwC Luxembourg is the largest professional services firm in Luxembourg with over 3,100 people employed from 85 different nationalities giving us a truly unique international touch. We provide audit, tax and advisory services, through a sector-focused approach, and are a leader in all three areas. Our clients range from local and middle market entrepreneurs to international privately owned businesses and large multinational companies based and operating from Luxembourg and other international locations in Europe and worldwide.

To best assist our clients from China or with a focus on China, we have set-up a China Business Group in Luxembourg, which is part of PwC's extensive global network (present in 152 countries and employing more than 328,000 people). These professionals provide seamless cross-border services to multinationals investing into China as well as for Chinese companies establishing a presence or expanding into Europe. Our teams have the right skills to advise you and help you meet your challenges starting from the definition of your strategy up to its implementation, while ensuring proper technology choices and respect of regulatory requirements, ESG requests as well as tax and people matters.

Assisting Chinese companies in doing business in Europe

Our experienced professional team in Luxembourg (some of them are Chinese-speaking) can help you optimise your European investment strategy by:

● identifying and assessing market opportunities and conducting feasibility studies for market entry strategies

● defining the most effective structure for your investment in Europe

● providing you with regulatory advice (if needed)

● finding and evaluating local partners and alliances

● providing customised, pro-active and comprehensive set-up services

● advising you on various aspects of international mobility including expatriate tax and other HR-related issues and

● identifying appropriate targets for acquisition, consulting on possible deal structures, performing commercial and financial due diligence, as well as providing post-deal integration services.

● Assist you in setting-up your local operations and/or operating hubs.

Doing Business in China

PwC Luxembourg is committed to providing high-quality services to multinational companies investing in China. We maintain an expedient position and extensive connections within our international network. As we also have direct access to the technical resources of PwC offices in China, our firm is perfectly equipped to respond to your various needs.

Whether you are looking at the Chinese market for the first time or already uphold a presence in China, we can provide practical advice and assistance to help your business grow.