On 11 December, the Consulting Seminar on Free Trade Zone and the “Belt and Road” (III), which was hosted by Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen (the Qianhai Authority), organized by Roadlink GLB, and co-supported by Shenzhen Outbound Alliance (SOA) and Statistical Society for Foreign Economic Relations and Trade of Shenzhen, was successfully held at the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub.

Xiang Jun, Deputy Director of the Free Trade Comprehensive Coordination Division of the Qianhai Authority, acted as the host of this Training, and Deng Hao, Tax Partner of Denchi Advisory Co., Ltd., was invited to provide professional consulting training for the participants.

Xiang Jun, Deputy Director of the Free Trade Comprehensive Coordination Division, was hosting the training

With further deepened implementation of the “Belt and Road”, Chinese companies maintain a strong momentum in overseas investment and M&A. In 2017, the net outward foreign direct investment reached US$158.3 billion, second only to the US and Japan. While the tremendous overseas market and offshore resources generate numerous opportunities, the complicated situations and cultural differences of different countries become a key challenge for eastern entrepreneurs.

Deng Hao, Tax Partner of Denchi Advisory

Deng Hao shared his personal service experience with the participants. Sticking to the main line of the cross-border capital and personnel flow under overseas investment, he pointed out the major difficulties in international taxation with several real cases, and emphasized the international tax issues generally faced by Chinese companies at different stages when they are implementing strategy of “Going Out”. Moreover, Deng Hao roughly classified the tax risks into two levels in his speech, including the macro risks, such as the issues regarding the business environment, cultural differences and concerns of foreign exchange of the investment targets and foreigners' entry; and the project implementation risks, mainly representing the issues regarding personnel assignment.

During the Q&A session, Deng Hao and the representatives of participant companies and the Qianhai Authority discussed about the tax issues regarding the practical corporate operations and different business tasks.

The training was carried out successfully and the training was well received by all participants. The course covered the opportunities and risks of the development of the “Belt and Road”, which catered for the needs of companies studying the “Going Out” or “Bringing In” Strategy, and provided experience and development ideas for these companies through case study. Participants expected more similar courses to be held in future to provide greater support to corporate development.

Q&A session