Cheso Consulting has assisted the shareholders of the Italian Boots Company S.r.l. in the M&A transaction with the French listed group Delta Plus Group SA (250 million turnover and 2000 employees), operating worldwide in the personal protection equipment market.

Cheso Consulting has assisted the Italian company Simon Building S.r.l. in establishing a joint venture with the Chine group Jinma Industrial Group Co. Ltd. (3.5 billion CNY turnover and 2500 employees). The new Italian joint venture company, called Jinma Industrial Europe S.r.l., operates in the European market as distributor of metal parts and components for the automotive industry.

Cheso Consulting has assisted the Swiss company MBau Tech SA in Vietnam in establishing a joint venture with the Vietnamese company Linh Phong Trading Service and Mechanical Ltd.. The joint venture operates in the construction metal equipments sector (scaffolds, props, formworks and item for provisional works).

Then came Brexit. A political tsunami that has shaken the confidence of many foreigners in the viability of London as a long-term business hub. This lack of certainty has paralysed many of the initiatives that entrepreneurs and professionals from all over the world had been developing in London. Since the referendum, the rule of law and the high regard with which the UK judicial system is held across the world, has not changed. The convenience of transport infrastructure has not changed. The overall security of the streets of London has not changed. And now businesses can also look forward to reduced Corporate tax rates, currently at 19% but already set to go as low as 17% in 2020, in stark contrast to Italy’s burdensome fiscal policies. Opening a new company in England takes less than one hour, and is cheaper than in most countries on the Continent. The system is simple and transparent, almost all operations necessary for the incorporation and subsequent management of a company can be done entirely online. Employment law is more flexible than in Italy or France, and the UK is still the preferred jurisdiction for international commercial contracts, thus having a UK Limited company means immediate international recognition and easy-to-prove ‘good standing’. For startups and entrepreneurs, the Government has introduced programmes (such as the SEIS – Seed Enterprise Investment Scheme and the EIS – Enterprise Investment Scheme) to encourage UK taxpayers to invest in early-stage companies. This reduces risk thanks to generous tax rebates that can be up to 70% of the amount invested. Research & Development reliefs mean that companies’ spend on research can immediately be recouped in the form of a tax credit or of cash payments if the company has not reached profitability. The full article is accessible at the following link: https://bit.ly/2TG71dV

The transformation of London's historic Docklands continues with the multibillion-pound regeneration of the Royal Docks. Over the next five years, this 275-acre site on the banks of the River Thames will become a magnet for global businesses and creative entrepreneurs in East London as Chinese business park specialist ABP establishes a new financial district for the UK capital. Following the phenomenal success of nearby Canary Wharf, the Royal Docks were established as London's only 'enterprise zone' in 2012, offering more favorable rates and relaxed regulations to attract businesses to invest in the up-and-coming area. Commercial and residential property prices are cheaper here than in areas closer to the city center, but these gaps will soon begin to narrow as developments complete and the new Crossrail Elizabeth Line brings Central London closer. The first commercial properties at the Royal Docks are set to open in March 2019 and will be joined by a host of retail and leisure amenities, infrastructure improvements and brand new residential neighborhoods, creating a vibrant new district in London's creative East. The full article is accessible at the following link: https://bit.ly/2O830t0