Case Study - 22 November 2021

Successful business support for Olon in Shanghai

Jurisdiction 

  • Mainland China 

Client Profile and Industry 

  • Our client, Olon, is an Italian company that specialises in the production of pharmaceutical ingredients, with 11 manufacturing facilities spread across Italy, Spain, USAF, India, and China.
  • Olon offers complete integrated packages and services to support the full development of APIs (Active Pharmaceutical Ingredients) based on a solid knowledge of chemical and biological processes.

Client's Objective 

  • After an initial company setup in Shanghai, the company faced challenges in communicating with its local administration and finance departments, therefore, decided to outsource their accounting department to a professional corporate services provider with local knowledge in the Chinese market to arrange tax and payroll services that meet the requirements and international standards of the group.

Our Solution

  • Hawksford worked closely with Olon's teams based in China and Italy and continues to do so, by providing tax and accounting services (including, but not limited to, treasury, invoice issuance, VAT export rebate, and tax declarations) we ensure that the client's finance requirements are met.  
  • By outsourcing these services to Hawksford, Olon relieves the administrative burden and focuses on what is essential for them. We have also assisted the client on other projects, such as helping in the company's handbook drafting, dividends distributions, and many others.

Services Provided 

  • Tax, accounting and payroll services

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