As part of our strategy for 2010, and bearing in mind to expand our BPO professional firms’ network (ACCACIA), in order to provide our international clients with greater and better solutions, Auxadi is entering into the Middle East, focusing in the Chinese market.
China is one of the most emerging countries nowadays, and one of the biggest scenarios for current investments.
As we are all aware, China has gone through a huge economic growth during the last decades, and its current growth rate forecast for this year 2010 goes up to a 16%.
While for many years it has been considered as a source of cheap labour, the point is that foreign companies regard this country as a feasible market, more and more now when the profits would be taxed at a 15% against the high tax rates applied to other countries (such as the United States, Spain, and so on).
In addition, another fact to boost the foreign investment strengthening in China is the low unemployment rate (hardly a 4%) and with and inflation rate of just 5%.
Given all the above and as a consequence of the increasing foreign growth experienced by this country for the last years, it emerged the need to train professionals capable to have a global vision of the business opportunities that the foreign investment in China may offer.
As a result of an agreement between the European Commission and the Chinese Government, and managed by a Chinese and European university consortium, the China-EU School of Law (CESL) in Beijing has founded a program focused to train foreign law professionals, contributing to the modernization of the Chinese juridical institutions and to the complete introduction of the rule of law in that country, together with the goal of strengthening the relationships between European and Chinese professionals and academicians.
This year 2010, the public company PromoMadrid Desarrollo Internacional de Madrid, S.A. (in charge of the international promotion and development of the Comunidad de Madrid from an economic standpoint) and the Facultad de Derecho de la Universidad Autónoma de Madrid, have awarded 8 grants to lawyers having experience in the field of foreign investments in Spain to participate into a Course named “Relevant Fields in Chinese Law for European Foreign Investment in China” during this month of April in the China-Eu School of Law (CESL) in Beijing.
Among the more than 200 applicants, our workmate Lorena Salamanca has been one of these 8 professionals elected to represent Spain in this event, under the grant regime and with all expenses covered.
The program is focused to European lawyers, offering a global view of the institutional juridical frame of the market economy in China. The course will analyse the recent legal reforms, the settlement of foreign entities in China, the labour relationships, the tax regulations for companies with foreign investment, problems resolution, ownership protection and technology transfer, inter alia. It will combine the conferences with visits to public organisms of the Chinese State playing and important role in the institutional sphere of the foreign investment in China.
Making the most of this grant, and of the visit to China, Auxadi’s Executive Board has asked Lorena to make an analysis to determine the feasibility to set up, in a near future, a service line additional to our Legal Department (the Chinese Desk).
The final goal of this Chinese Desk would be the possibility to provide to those Spanish clients interested to settle down in China with the required advice. In order to do so, Auxadi would count with a local Partner to assist our potential clients, and vice versa.
Lorena’s analysis would also be useful to Accacia.
Although not included within the action plan for 2010, Accacia strongly approves Auxadi’s initiative, undertaking an analysis of potential firms interested in being part of our association in a near future as our Chinese representative.
In this sense, the first contacts with some Chinese firms have been made and a meeting calendar for Lorena in Beijing and, if needed, in Hong Kong, has also been drafted.
We expect our experience in China to be the most fruitful possible, showing the services we render, to other professionals in our area, and trying to come back with a possible collaboration with any of them.
We will keep on informing you about this and other initiatives that we are planning to launch.
Auxadi is founding member of the prestigious international BPO network, Accacia since its incorporation in 2005.
Following the annual Ex Comm meeting held in Madrid, in late September 2009, and with the inclusion of six new firms, Accacia now comprises the following 10 Firms, with presence in 14 countries, and more than 600 consultants:
Auxadi with offices in Madrid and Lisbon (Spain and Portugal) ASB with offices in Prague, Bratislava and Warsaw (Czech Republic, Slovakia and Poland) Moreno Rouby And Associés with offices in Paris (France) LM Audit And Tax GMBH with offices in Munich (Germany) Fitzgerald And Law LLP with offices in London (United Kingdom) KNTS with offices in Rio de Janeiro and Sao Paulo (Brazil) CTI with offices in Mexico DF and Queretaro (Mexico) Monahan MIjares with offices in Caracas and Miami (Venezuela and USA) Sociedad Bracht S.A. with offices in Buenos Aires (Argentina) Latinoamericana de Gerencia S.C.R.L. with offices in Lima (Peru)
Accacia, as exclusive international network of selected Firms providing BPO services, implies an additional strength to each of its members. Auxadi supports the Association’s development and expansion, holding Management positions of high responsibility and recognition within the Association.
Accacia’s Executive Committee plans for the short-term, is focused in the expansion of new partners in Europe and Latin America with special interest in the following countries:
Holland Switzerland Sweden Luxembourg Israel Ireland Italy Chile Colombia Panama Cayman Islands
The goal for 2010 is to add 5 new partners to the Association, always bearing in mind to integrate the best and most prestigious independent Firms in the market.
Today, Auxadi is stronger because Accacia is stronger.
Please visit www.accacia.com for further information on the Association.
On Saturday, October 3rd 2009, the economy newspaper El Economista published an article based on an interview conducted by one of their journalists to Victor Salamanca.
The newspaper reflects the company’s trajectory and its significant business figures that have been accrued until August.
The changes applied a few months ago have been essential in order for this growth to take place and they are confident that all new improvements that are and that will be implanted, whether management-wise as well as on their own work tools, shall contribute further to the company’s growth.
As we had already mentioned a few weeks ago, Accacia’s Executive Committee’s seventh meeting took place in Madrid last Friday and Saturday.
The meeting was a true success with attendance from companies already on the network as well as other invited firms interested in joining Accacia.
Among such companies, there were representatives from Peru, Argentina, Brazil, Slovakia, Czech Republic, Poland, United Kingdom, Luxembourg, and Italy. All these companies were pre-selected through a laborious identification and selection process developed within the last six months.
During the meeting, an official signing took place as KNTS Brazil was incorporated into the Association. Shortly, we shall publish further information regarding this company.
Lastly, we are honoured to inform about Victor Salamanca Cuevas’ re-election as Accacia Inc.’s Vice-President, holding once more a position on the Executive Committee as well as being elected as the Portfolio Committee’s President.
Accacia’s development is one of the main purposes within Auxadi’s internal process.
We shall provide further information concerning any future incorporation that takes place.
