The multinational professional services network, KPMG in Kuwait has launched the ‘China Business Desk’ to enable Chinese investors to do business better in the Middle Eastern country.
The China Business Desk in Kuwait comes after an already-operational unit in the UAE, positioning KPMG to best advise Chinese investors who are either running a business or are planning to expand it into the Middle East and South Asia (MESA) region.
Kuwait’s recent emergence as a key market for the Chinese investors, driven by surging collaboration between businesses from both the countries in mega projects across sectors, is highly likely to help the gulf nation navigate toward a diverse economic landscape, overcoming the challenges in terms of the tax and regulatory requirements.
Dr. Rasheed Al-Qenae, Managing Partner, KPMG in Kuwait, 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 a 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 it is expected to drive positive economic activity in the foreseeable future.
“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 the local business and regulatory landscape and equip them to make better business decisions when operating in the country.”
KPMG in Kuwait’s China Business Desk comprises a team of seasoned Chinese nationals that have been working in Kuwait and, considering its in-depth knowledge of how the Chinese and Kuwaiti markets work, is best suited to advise Chinese investors and facilitate increased ease of doing business by removing any cultural, language or communication barriers.