Guangzhou, Guangdong, 26 October 2023(GNP): In a landmark development, two prominent companies from Pakistan and China have inked a Memorandum of Understanding (MoU) to strengthen economic cooperation and promote educational exchange at Guangzhou, Guangdong, China with a focus on providing consultancies services from both countries to register companies, a resolution to income tax matters, finalizing business opportunities and facilitating to manage the trade operations from both sides.
The MoU is helping enterprises from both sides to translate trust into profits, and facilitating growth is the main and core objective. This partnership also focuses on exploring business opportunities across various sectors, including Education, Trade, B2B, B2C, Manufacturing, and Investment in both Pakistan and China.
Belt and Road Consultants Pvt Ltd (BRC) headquartered in Islamabad, Pakistan, and E-SNAVS Foreign Enterprise Service Center, based in Guangzhou, China—have formalized this MoU.
The core focus of this MoU is to fortify their commitment to facilitate robust business opportunities across diverse sectors, ranging from Education and Trade to B2B, B2C, Manufacturing, and Investment, spanning both nations.
The Islamabad-based enterprise will serve as the vanguard in identifying Pakistani entrepreneurs and businesses keen on engaging in collaborative ventures and investment undertakings within the expansive Chinese marketplace.
This dynamic role involves comprehensive support, from company registration to bank account initiation, and extends to aiding businesses in site selection for their operations within China.
Furthermore, BRC will oversee the management of student exchange programs, nurturing the academic and cultural ties between Pakistani educational institutions and their Chinese counterparts.
Their team will conduct in-depth market research, cultivate vital networks, and act as cultural and linguistic facilitators to ensure a seamless transition into the Chinese market.
While on the other hand, E-SNAVS Foreign Enterprise Service Center, situated in Guangzhou, will provide indispensable support to Pakistani enterprises endeavoring to establish and expand their footprint within China.
Their services encompass company registration, bank account initiation, consultation on factory relocation, and strategic guidance on pursuing foreign investment opportunities.
The center will play a pivotal role in facilitating the acquisition of employment, and resident permits for those seeking professional and entrepreneurial opportunities within China.
Significantly, their expertise extends to the intricacies of accounting, tax planning, labor and human resource management, intellectual property rights protection, and trade logistics.
The MoU culminates in establishing a Joint Company—a transformative initiative poised to propel the realization of their shared objectives.
The Joint Company will be a versatile platform, offering services encompassing business consultancy, trade facilitation, investment advisory, educational services, and cross-cultural exchange programs.
The structural intricacies, including ownership, governance, location, capitalization, management, and profit-sharing mechanisms, will be detailed in forthcoming agreements.
Muhammad Asif Noor, CEO of BRC said that this MoU will open many doors for Pakistani enterprises in China and Chinese companies in Pakistan. While speaking on the occasion, the representative from the Center said that this partnership means a significant step forward, offering members unprecedented opportunities for Chinese enterprises to have solid footprints in the Pakistani market.
This meaningful collaboration serves as a conduit for deepening business relations between Pakistan and China, promising to provide businesses in both nations with new avenues for growth and prosperity.