Asia Business Team Expert business advice across the Asia-Pacific Region Audit | Tax | Advisory www.crowehorwath.co.nz 1 Introduction to the Asia Business Team Asia offers significant inbound and outbound investment opportunities. It is estimated that by 2030 the Asian consumer will be responsible for 43 per cent of worldwide consumption. However, these opportunities require careful planning and much skill is needed when conducting business transactions and investments between Asia and New Zealand. Differences in accounting, tax, legal and other regulatory frameworks as well as language and cultural issues challenge many businesses. Our experience and expertise ensures these can be navigated as seamlessly as possible. Crowe Horwath’s network of offices in the AsiaPacific region means that we are ideally placed to help you realise your business potential. Our team has considerable experience helping businesses make successful, sustainable investments and offers an in-depth understanding of Asian cultures and languages. ‘Our team helps Asian businesses to make successful, sustainable investments, combining our deep understanding of the Asian cultures and language capabilities with our wide network.’ Audit | Tax | Advisory 2 Why Asia Business Team? Business success in Asia requires knowledge of the local markets, along with deep cultural understanding and strong local language abilities. As part of the Crowe Horwath International network, we can provide local advice in more than 150 cities in 105 countries including China, Hong Kong, Japan, Korea and across the ASEAN region. Our Asia Business Team focuses on an extensive range of business matters, whether it is New Zealand businesses expanding into the Asian market or Asian businesses wishing to invest into New Zealand. With specific insight into Asian markets, along with the cultural and language capabilities, Crowe Horwath offers expert advice that your organisation requires to be successful at home and abroad. How can we help you? Whether it be identifying business opportunities, implementing investment strategies, or providing effective business improvement policies to expand business growth, our specialist teams can provide support at each stage of the business cycle. As one of the largest accounting and business advisory firms in the region, we can also provide complete technical and commercial business solutions, including: Business structure and set up International tax structuring Investment opportunities Financial reporting Transfer pricing Customs duty optimisation Corporate finance solutions Government grants ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Audit | Tax | Advisory We work closely with representatives of Government at all levels, both locally and across the Asian region. Additionally, we have strong working relationships with leading legal firms and major financial institutions in Asia. Cross border investment Our mergers and acquisitions team will work with you to find the right investment opportunity and provide strategic advice, as well as integrated solutions for acquisitions, divestments and capital raising requirements. We will support you right from the start of a transaction with services including: Identifying suitable targets which fit culturally and strategically Performing valuations Talking to the vendor/purchaser Managing negotiations Raising finance ▪ ▪ ▪ ▪ ▪ The New Zealand market offers many growth opportunities for Asian companies looking to invest. Our team helps Asian businesses to make successful, sustainable investments, combining our deep understanding of the Asian cultures and language capabilities. Our team’s experience of working across Asia and New Zealand means we are ideally placed to help you realise quantifiable benefits and sustainable solutions for your business. Our Asian business specialists help New Zealand companies entering Asia for the first time by providing advice on the business and regulatory environment. Furthermore, our business optimisation services can help provide improvements by re-engineering any existing processes and performing comprehensive reviews on: Transactional foreign exchange banking Government grants Transfer pricing ▪ ▪ ▪ 3 Our coverage As part of the Crowe Horwath International network, we can provide local advice throughout the Asia- Pacific region. Your relationship principal in Auckland will facilitate the international team that is appropriate for each of your projects, supported by global and regional specialists if required. China Hong Kong China has become the second largest economy in the world and New Zealand’s largest trading partner. Both countries are highly complementary in natural resources, industrial structure and have actively engaged in sustained economic and cultural exchanges. Hong Kong is seen by many as the gateway to China with its low corporate and individual tax rates and transparent and stable regulatory environment. Hong Kong is often used as a conduit to invest into many Asian countries. Crowe Horwath covers more than 30 cities around China and is one of only eight accounting and business advisory firms supported by the China Ministry of Finance. By working closely with our member firm in China, we are able to provide our clients a competitive advantage by accessing insightful business opportunities and deep local market knowledge. Our China practice has strong experience and knowledge in supporting Chinese companies and State Owned Enterprises in achieving their investment strategies. We can support key decision making processes and business execution as it applies to Chinese business customs. Crowe Horwath is a member of the New Zealand China Trade Association (NZCTA). Audit | Tax | Advisory The Crowe Horwath team in New Zealand have considerable experience in investing to and from Hong Kong. Japan Japan is one of New Zealand’s major economic partners and a vital export market, making the country an essential partner in the future growth of New Zealand’s economy. Our Japan practice has extensive experience and knowledge in supporting Japanese companies doing business in New Zealand, from scoping business opportunities to implementing their investment strategies and providing effective cost reduction policies to improve growth. 4 We have eight offices across Japan as well as a Japanese network spread across major locations, such as Indonesia, Singapore, Taiwan, United States, Australia and New Zealand. This provides Crowe Horwath the ability to combine the expertise of member firms from these countries in helping Japanese companies enter and perform in their chosen markets confidently. Korea With the increasing economic ties between New Zealand and Korea, there has been an expansion of business opportunities. The Korea practice at Crowe Horwath is able to provide in-depth assistance to Korean companies investing in New Zealand as well as support New Zealand companies investing in Korea. Crowe Horwath’s Korea practice team can help your business overcome financial difficulties and position your company to maximise value creation. Singapore Singapore has introduced many concessions and tax breaks which, along with the overall ease of doing business in Singapore, has encouraged many firms to choose Singapore as a place to do business. With Crowe Horwath Singapore being ranked as one of the top firms internationally, and having other Singaporean practices in Japan and China, we are well placed to provide an advantage to your business. Indonesia Indonesia’s rich natural resources and large population offer unique opportunities to New Zealand companies to grow and expand their businesses. Malaysia ASEAN region Malaysia is one of New Zealand’s fastest growing trading partners. Rapid growth in the ASEAN region (which includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam), continues to offer many opportunities for New Zealand and ASEAN enterprises. Crowe Horwath is the 5th largest accounting firm in Malaysia. Our Malaysia head office is based in Kuala Lumpur and with 12 offices in Malaysia, our team has indepth knowledge about the local business landscape that you can leverage to grow your business. Crowe Horwath is strong throughout the ASEAN region and can assist businesses in navigating unfamiliar tax, regulatory regimes and business customs. We can quickly establish multi-disciplinary teams to provide seamless support with one point of contact. Audit | Tax | Advisory 5 About Our Asia Business Team Representatives of our Asia Business Team are based in Auckland and work throughout New Zealand, Australia and the Asian region. They bring their combined understanding of Asian business cultures to every client seeking advice. Andrew Sayers is the President of the Hong Kong New Zealand Business Association (HKNZBA) and has expertise in all areas of taxation, with a particular focus on international business structuring. Andrew heads up Crowe Horwath New Zealand’s Asia Business team and is the Managing Principal of the Northern Region. He provides specialist strategic advice relating to inbound and outbound investment. Andrew Sayers Asia Business Team Lead DDI +64 9 968 8541 andrew.sayers@crowehorwath.co.nz Kenneth Leong has over 15 years experience as a trusted advisor with a track record of facilitating business across cultures, from deal origination to execution. He advises senior business people across many industries. Mr Leong is a Director of a number of private businesses, including Euroasia, Edenz Colleges and Lifeway College. Yan Zhang has over 20 years experience in international trade and investment. She has worked in a number of industries including heavy machinery products, hi-tech products, ship fabrication, and complete plant and technology transfer through international bidding projects. She has also worked on consumer products, including apparel and food and beverage. Kenneth Leong Yan Zhang Principal – Asia Business DDI +64 9 968 5618 kenneth.leong@crowehorwath.co.nz Principal – Asia Business DDI +64 9 968 8559 yan.zhang@crowehorwath.co.nz www.crowehorwath.co.nz/asia Australia China Malaysia Steven Sun Tel +61 2 9619 1978 steven.sun@crowehorwath.com.au Kaylee Yang Tel +86 10 88219191 kaylee.yang@chcncpa.com Wai Ling Mok wailing.mok@crowehorwath.com.my Sam Neale Tel +61 2 9619 1963 sam.neale@crowehorwath.com.au Japan Singapore Sivakumar Saravan Tel +65 62210338 sivakumar@crowehorwth.com.sg Audit | Tax | Advisory Kwiha An Tel +81 3-3517-3421 kwiha.an@crowehorwath-yusei.jp Indonesia Jenly Hendrawan Tel +62 21 2553 5690 Mobile +62 21 811 163 652 jenly.hendrawan@crowehorwath.co.id YewHoe Poon yewhoe.poon@crowehorwath.com.my Tel +60 032788 9999 Korea Heung-Ju Hwang hj.hwang@crowehorwath.co.kr Geesoo Sim gs.sim@crowehorwath.co.kr Tel +82.2.316.6600 6 Contact Us Crowe Horwath Level 29 188 Quay Street Auckland Central Auckland 1010, New Zealand Tel + 0800 494 569 auckland@crowehorwath.co.nz Tel 0800 494 569 www.crowehorwath.co.nz @CroweHorwath_NZ Crowe Horwath New Zealand The relationship you can count on This document provides general information only, current at the time of production. Any advice in it has been prepared without taking into account your personal circumstances. You should seek professional advice before acting on any material. Crowe Horwath (NZ) Limited is a member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath is a separate and independent legal entity. Crowe Horwath (NZ) Limited and its affiliates are not responsible or liable for any acts or omissions of Crowe Horwath or any other member of Crowe Horwath and specifically disclaim any and all responsibility or liability for acts or omissions of Crowe Horwath or any other Crowe Horwath member. Date: November 2013 Audit | Tax | Advisory www.crowehorwath.co.nz 7