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Grant Thornton To Strengthen Asian Business Ties

by Jason Gorringe, Tax-News.com, London

06 November 2007


Grant Thornton's South Asia Group this week announced that it has signed a strategic alliance with INAB (the International Network for Asian Businesses), which will help the firm strengthen its ties with Asian businesses operating in the UK market.

The announcement comes three months after the firm re-launched its South Asia Group to better cater for the growing number of UK businesses looking to expand in the subcontinent, and to assist South Asian companies seeking to come to the UK to either make acquisitions, set up Greenfield sites or to list on the London Stock Exchange.

Anuj Chande, Head of Grant Thornton's South Asia Group, stated that:

"This announcement comes at an exciting time for the firm, with the number of Asian businesses operating in the UK having increased significantly over the past five years. This strategic alliance outlines our commitment to working closely with these businesses and recognises the contribution they make to the UK, and we look forward to working closely with INAB in the future."

"To date we have worked closely with some of the largest Asian businesses currently operating in the UK providing strategic advice and direction for those organisations. In addition, we work closely with the high net worth individuals behind Asian businesses offering tax planning advice, succession planning, retirement and estate planning," he continued.

Rupal Patel, Director of INAB, added: "As INAB is the only organisation of its kind in the world, it is essential that we build relationships with organisations that understand the mindset of Asian businesses and their owners. In addition it is essential to understand the cultural differences that exist between doing business in India and the UK - and Grant Thornton appreciate these subtleties."

The first joint venture the new alliance undertook was an event on 6 November in London which addressed the issues of acquisitions, disposals, corporation tax and indirect tax for Asian businesses.

A special focus was given to demystifying the tax advantages for non-UK domiciled individuals.


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