04 Feb PwC and ABP in agreement to help China-UK businesses expand
PwC and Chinese real estate developer ABP have signed an agreement to provide a range of services to help companies from China set up in the UK.
The move is part of ABP’s programme to turn London’s Royal Albert Dock into a hub for businesses from Asia. Through the agreement signed today, a one-stop-shop has been created providing services from back office support through to expert tax advice so that companies can concentrate on growing their businesses.
ABP will provide immediate business premises, logistics and technical support as well as recruitment facilities, with PwC offering tax, accountancy and legal support as part of the corporate ‘landing service’, First Stop London. The agreement was signed today at PwC’s London headquarters at an event attended by ABP Chairman Mr Xu Weiping and the Chairman of PwC UK’s China Business Group, Sir Tom Troubridge.
PwC has long supported companies coming into the UK, providing a range of set up services through its international Pathfinder scheme. In addition, PwC has 16 offices in Mainland China, Hong Kong and Macau working together on a collaborative basis, as well as a strong China focused team based in the UK.
ABP is an established developer across China with a track record of investing and transforming areas in need of regeneration with significant projects that allow companies to thrive and prosper.
Speaking at today’s signing ceremony, Sir Tom Troubridge, said:
“More and more Chinese firms are seeking a foothold in the UK and Europe. Our dedicated China team provides hands on, practical assistance to make it as pain-free as possible for Chinese companies to set up here and make inroads in the UK market.”
ABP’s Xu Weiping said:
“First Stop London is being launched in response to the demand from companies in China. They are looking to expand and know that we have made the switch to the UK and so they have asked for our help and to draw upon our experience and with the connections we have in London, in Beijing, Shenyang and Qingdao and South Yangtze.
“We offer a professional and commercial approach to support enterprises through experienced First Stop London staff based in China and the UK. By working with PwC we can offer an all round service and support to companies wishing to locate overseas.”
Notes for editors: About ABP
ABP (China) Holdings Group Ltd was founded in 2003 and has forged a reputation for developing large scale enterprise districts. In May 2013, it was announced that ABP had acquired the land at Royal Albert Dock to build a mixed use development of offices with supporting retail and residential units.
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