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Deloitte announced today (June 7) the launch of its Asia Pacific International Core of Excellence (AP ICE) in Hong Kong, to provide a new level of integrated, international tax management solutions to Asia Pacific based companies investing abroad as well as multinational companies investing in the region.
On launch, AP ICE, from its Hong Kong base, will cover 15 tax jurisdictions with a team of 21 senior tax professionals. With this new division, Deloitte expects to bring in more Asia Pacific regional accounting business to Hong Kong, and to expand this new regional office to cover more tax jurisdictions.
Deloitte's Co-Leader for AP ICE, Ms Lili Zheng, said, "We conducted an extensive evaluation on the choice of location for our new Asia Pacific International Core of Excellence and Hong Kong was chosen for its strategic location in the Asia Pacific Region and as the gateway to and from Mainland China. We expect significant consulting business opportunities from the growing number of Mainland companies investing abroad, as well as businesses coming into or expanding in the region. We deem Hong Kong as a perfect base for us to assist these companies to develop in the region."
She added, "Hong Kong as a major international financial and commercial centre, together with the fact that there is no foreign exchange control, offers all the benefits for us to operate this new regional centre of excellence for tax management and to better serve the needs of our clients."
Fellow AP ICE Co-Leader, Mr Alan Tsoi, added, "We also hope that the presence of AP ICE will further enhance Hong Kong's reputation as the regional talent centre for professional services, as well as being an attractive place to live and work."
Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, warmly welcomed the establishment of AP ICE in Hong Kong. He said, "The launch of Deloitte's AP ICE not only shows continued confidence in Hong Kong as a leading international financial centre, but also reinforces Hong Kong as a strategic business centre offering access to consulting business opportunities from regional and multinational companies developing their business into Mainland China and Asia Pacific."
About Deloitte Asia Pacific International Core of Excellence
The Deloitte Asia Pacific International Core of Excellence (AP ICE) was established by Deloitte in June 2010 to provide international tax consulting services to Asia Pacific-based companies investing abroad as well as multinational companies investing in Asia Pacific. AP ICE is based in Hong Kong and has a team of 21 senior tax professionals from 15 tax jurisdictions, including Australia, Canada, China, France, Germany, India, Ireland, Japan, Luxembourg, the Netherlands, Singapore, South Korea, Taiwan, United Kingdom and the United States.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government responsible for Foreign Direct Investment, supporting overseas, Mainland and Taiwanese businesses to set up and expand in Hong Kong. We provide free advice and customised services to help your business succeed in our vibrant economy. For more information, please visit www.investhk.gov.hk.
Ends/Monday, June 7, 2010
Issued at HKT 18:40
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