Hawksford helps boost Genomica's biotech growth in China

Jurisdiction

• China

Client Profile and Industry 

• Genomica is a biotech company with more than 25 years of experience within the industry, and has become a world leader in molecular diagnostics and genetic identification which provides analysis of DNA, legal and forensic medicine, and technology transfer services.

Client's Objective 

• Facing tax compliance and accounting hurdles in China, our client was looking for a corporate service provider that could provide a fast and efficient service offering to meet their reporting, tax compliance, accounting, HR and payroll requirements.  

Our Solution

• We were able to successfully provide our client with fast and efficient IIT guidance and assist with their payroll preparation which allowed for the continuity of their business operations.
• As a result of doing such an excellent job during this difficult period, Genomica then decided to delegate all their tax compliance and accounting matters to us here at Hawksford along with providing special assistance to its foreign employees when needed, such as the yearly IIT reconciliation filing.
• With Genomica's head office in Spain, our Hawksford China team were able to provide local knowledge and guidance to the client's senior management team and our bilingual professionals were also able to communicate with the client in their native language of Spanish, which allowed for quicker and more responsive communication.

Services Provided

• Tax compliance
• Accounting services
• HR and payroll administration