KPMG establishes China Business Desk to support Chinese Investors to do ‘business better’ in Kuwait.
02 December 2021, 12:00 AM
31 December 2021, 12:00 AM
KPMG in Kuwait announced the launch of the China Business Desk in a hybrid seminar.
The China Business Desk in Kuwait came as a welcoming addition after the already-operational China Business Desk in the UAE, strategically positioning KPMG to best advise Chinese investors who are either running a business or are planning to expand it in the Middle East and South Asia (MESA) region but may not be aware of the nuances around its accounting and regulatory policies.
Dr. Rasheed Al-Qenae, Managing Partner, KPMG in Kuwait and MESA Head of Tax, said, “The business desk will not be limited to Tax and will extend services across various functions such as Audit and Deal Advisory, among others, to any investor from China in pursuit of establishing business in Kuwait as well as the gulf region.”
The China Business Desk is aligned with the considerations of China’s One Belt One Road (OBOR) initiative and is hopeful that it will help drive positive economic activity in the foreseeable future, he added.
“The China Business Desk will definitely allow us to better deliver our expertise in the local legislation and practices to our Chinese clients, helping them get a clearer picture with regards to local business and regulatory landscape and equip them to make better business decisions when operating in the country,” said Zubair Patel, Partner and Head of Tax & Corporate Services, KPMG in Kuwait.