Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
A shift in incentives
Recent years have seen a shift in the nature and application of the incentives for companies relocating their headquarters to Singapore, Thailand and Malaysia as their governments look to attract key value-adding functions, as well as the executive ‘top brass’. What kind of incentives are on offer in each country, how do they compare and how can your business benefit?
As growth in output and demand in Southeast Asia continue to accelerate, where to base your business and locate key functions (eg marketing or R&D) within the region is high on the corporate agenda. The major commercial centres within Southeast Asia, including Singapore, Bangkok and Kuala Lumpur are also an increasingly popular base for wider international and global operations. Looking at the East Asia region as a whole, the broad and well-contested choice includes Hong Kong and China's major commercial centres.
This article looks at the key considerations including, access to talent, language, employment costs, infrastructure development, regulatory environment and proximity to markets targeted for growth. While, in addition to this, favourable tax arrangements may also be an attraction if all these other criteria are satisfied. The business benefits will always be an important part of the location choice.
So how are governments seeking to encourage businesses to locate to their shores? The packages have evolved and we are now even seeing different levels of packages, reflecting competition in this arena.
So which is the best bet? Clearly business factors are paramount. Areas such as stability, size of the country and relative development are all going to come into play.
- Singapore is more established and through its great port is better connected.
- Thailand is at the apex of the fast growing Greater Mekong, a highly interconnected sub-region with a population greater than the United States.
- Malaysia’s size and improving infrastructure would make it attractive to a broad range of manufacturing as well as high-tech enterprises.
Government incentives are really just the icing on this business cake, as valuable as they can be and as keenly contested as they are. What is clear is that the biggest benefits will go to those corporations who are prepared to invest the most in their new locations.
How can relocation add value?
Business relocation and associated restructuring can deliver significant commercial, operational and tax management benefits. And it isn’t just large multinationals who are on the move, many smaller and privately-owned companies are now realising the potential gains. Grant Thornton has significant experience in advising clients on how a business can benefit. Talk to your local firm about how Grant Thornton can help your organisation reach its growth potential.