ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE CHINA ADVISORY SERVICES CAPABILITY STATEMENT OUR INDUSTRY LEADER BDO NETWORK INVESTING OUR CHINA ADVISORY SERVICE CLIENTS OUR SERVICES INDUSTRY INSIGHTS BDO CONTACTS
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 2 As a leading global accounting and advisory firm, BDO is big enough to service you anywhere in the world but not so big that we don t all know each other and our clients. MARCUS LEONARD SYDNEY LEADER, CHINA DESK P: +61 2 9240 9771
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 3 THE BDO NETWORK No matter where you are based, you can draw on the skills of BDO member firms anywhere in the world. Click on the buttons below to view more. Within BDO globally we have 67,700 people 1,400 offices and are present in 158 countries.
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 4 INBOUND OPPORTUNITIES BDO can help you expand your opportunities and minimise your risks. INVESTING IN AUSTRALIA With global uncertainty, Australia s economic conditions characterized by record-low interest rates, strong population growth, low levels of unemployment and 26 years of sustained growth have provided a popular environment for overseas investment. Below are some key factors to consider when investing in Australia: Rapid growth: According to the Australian Bureau of Statistics, foreign investment from China has grown 37.9% over the last 5 years now reaching $87 billion at the end of 2016. Due to its close ties with China, Australia remains the second largest recipient of Chinese Outbound Direct Investment, with the state of New South Wales being the priority state for Chinese investment. Complex immigration laws: The Australian Government s abolition and replacement of the 457 Visa, is part of an ongoing plan to strengthen the integrity and quality of Australia s employer sponsored skilled programmes. With the significant complexity of Australia s immigration laws and the ever expanded powers and reach of the Department of Immigration and Border Protection, businesses recruiting overseas skilled workers need to be on constant alert to the rapidly changing regulatory framework, to ensure that they stay ahead of potential breaches of the law. There are over 3,000 pages of legislation and more than 20,000 pages of policy guidelines which provide direction and guidance to Departmental officers as to how they are to interpret and understand Australia s immigration laws. Investment by industry (%): The largest sectors benefitting from this investment are highlighted below, all of which are key areas of focus and expertise for BDO. 36% 28% 9% COMMERCIAL REAL ESTATE INFRASTRUCTURE HEALTHCARE 8% ENERGY 8% AGRIBUSINESS 5% MINING HOW CAN WE HELP? As leaders in Australian immigration law, we help businesses overcome the challenges associated with skills shortages and meet their workforce needs. We also offer a broad range of immigration related advice and visa services to individuals seeking temporary/permanent residency in Australia. As Australia has the most complex immigration laws in the world, we navigate these laws to provide timely advice and business solutions. Learn how to reduce the risks for your organisation, download the migration checklist or click here to contact one of our advisers directly.
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 5 INBOUND OPPORTUNITIES (CONTINUED) Australia s globally significant industries. GENERAL STATS 3.3% AVERAGE GDP 13 TH LARGEST ECONOMY 26 YEARS OF GROWTH FOOD & AGRIBUSINESS A$45 BILLION 60% OF EXPORTS GO TO ASIA EDUCATION 99% LITERACY RATE 3 RD LARGEST IN THE WORLD FINANCIAL SERVICES A$7.5 TRILLION 6 TH LARGEST IN THE WORLD NATURAL RESOURCES 40% OF FOREIGN DIRECT INVESTMENT 4 TH LARGEST BLACK COAL RESOURCE REAL ESTATE & CONSTRUCTION 8.7% OF FOREIGN DIRECT INVESTMENT CHINESE INVESTMENT HAS GROWN 37.9% SINCE 2011
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 6 OUTBOUND OPPORTUNITIES The breadth, depth and quality of our resources place BDO among the leading accounting firms in the world. INVESTING IN CHINA Like much of Asia, China s population is undergoing a major social and economic change. For Australian businesses hoping to expand into China, complexity arises when navigating the unfamiliar. Below are some key factors to consider: Cross-cultural management: With an internal market of 1.3 billion potential customers, China continues to change rapidly. The country is now more than 50% urban, with 10-15 million people moving to cities from the countryside each year. Unfamiliar tax structures: In 2016, China had the world s largest tax cuts due to a pilot program for value-added tax (VAT) to replace business tax across the board. This resulted in companies making total tax savings of 570 billion yuan ($82.63 billion). The program not only helped to reduce companies tax burdens, but also promoted industrial transformation and upgrading. Rapid growth: While GDP in the west has slowed, China continues to maintain an annual growth rate of 6.95%. Contributing to this growth are the Shanghai Stock Exchange and Shenzhen Stock Exchange which came in 2nd and 3rd, respectively, in the 2017 Q1 global rankings in terms of funds raised. There were a total of 134 IPOs with a combined value of 70 billion yuan, the highest first quarter figures since 2014. In addition, 247 companies listed in the first 6 months of 2017, raising a total of 125.4 billion yuan and signaling the strongest first half since 2011. Exports: China has become Australia s biggest trade partner and the demand for Australia s quality products is providing immense opportunities for Australian businesses. Furthermore, the China-Australia Free Trade Agreement is expected to bring even more export opportunities to Australian industries such as aged care and agricultural products. Recently, foreign hospitals can operate in three major cities in China, and aged care facilities can operate anywhere. BDO can assist Australian businesses that are wishing to export or establish foreign branches in all major cities in China. We have the expertise to provide due diligence, tax planning & structuring, audit, valuation, and businesses services. HOW CAN WE HELP? To navigate these factors, BDO Australia s China Desk comprises of Chinese and Australian nationals who have significant experience coordinating strategic, operational, and technical guidance to support businesses and investors with their existing or planned cross-border activities. If you are thinking about expanding your business overseas to China, please do not hesitate to contact us.
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 7 OUTBOUND OPPORTUNITIES (CONTINUED) China s globally significant industries. GENERAL STATS 7% AVERAGE GDP 2 ND LARGEST ECONOMY 30 YEARS OF GROWTH FOOD & AGRIBUSINESS FEEDS 19% OF THE WORLD S POPULATION CONSUMES 50% OF THE WORLD S PORK FINANCIAL SERVICES CHINA S MIDDLE CLASS IS PREDICTED TO BE 3.2 BILLION BY 2030 TOURISM & HOSPITALITY POPULATION EXCEEDS 1.37 BILLION TECHNOLOGY, MEDIA AND TELECOMMUNICATIONS + 730 MILLION INTERNET USERS TARGET TO CONNECT 85% OF THE POPULATION TO 3G OR 4G BY 2020 AGED CARE + 222 MILLION PEOPLE OVER 60 13.9% OLD-AGE DEPENDENCY RATIO
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 8 DIVERSE EXPERIENCE BRINGS EFFICIENCY TO OUR APPROACH Our partners and professionals are always directly involved in client engagements and because we understand our clients business, this ensures our work is tailored to their needs.
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 9 OUR SERVICES Laying the foundations for growth.
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 10 BDO KNOWS INTERNATIONAL BUSINESS The breadth, depth and quality of our resources place BDO amongst the leading accounting firms in the world.
ELEMENTS THROUGHOUT THIS DOCUMENT ARE CLICKABLE 11 BDO TEAM Vist bdo.com.au for more information. BILINGUAL CONTACT MARCUS LEONARD SYDNEY LEADER, CHINA DESK FADY ABI ABDALLAH PARTNER, INDIRECT TAX SEBASTIAN STEVENS PARTNER, CORPORATE FINANCE TINA HAN MANAGER, AUDIT P: +61 2 9240 9771 P: +61 2 9240 9790 P: +61 2 9240 9725 P: +61 2 9240 9812 ANDRES REITH PARTNER, BUSINESS SERVICES P: +61 2 9240 9932 RYAN POLLETT PARTNER, AUDIT P: +61 2 8264 6546 MARIA JOCKEL LEGAL PRINCIPAL, BDO MIGRATION SERVICES P: +61 2 8264 6546
NATIONAL NETWORK 1,504 PEOPLE 10 OFFICES 169 PARTNERS GLOBAL NETWORK 73,854 PEOPLE 1,500 OFFICES 162 COUNTRIES 1300 138 991 BDO.COM.AU THIS PUBLICATION HAS BEEN CAREFULLY PREPARED, BUT IT HAS BEEN WRITTEN IN GENERAL TERMS AND SHOULD BE SEEN AS BROAD GUIDANCE ONLY. 2018 BDO EAST COAST PARTNERSHIP. ALL RIGHTS RESERVED. TO READ THE FULL TERMS & CONDITIONS, PLEASE CLICK HERE.