ODI Approval and Ongoing US–Hungary Finance & Tax Operations

Background and challenge

The client was establishing business operations in the United States and Hungary. It needed to complete China’s outbound direct investment approval process while also building reliable finance and tax operations for both overseas entities. Different local rules, filing calendars, document formats and advisers created a risk of fragmented communication and missed deadlines.

What BTW executed

BTW supported the ODI approval process in China and then continued as the coordinating partner for the US and Hungarian entities. Working with qualified local professionals, we managed monthly finance and tax activities, preparation and review of financial and tax materials, annual tax filings, annual reporting and responses involving local authorities.

Operating model

BTW acted as the central coordination point among the China headquarters, the US entity, the Hungarian entity and local accounting and tax specialists. We organized document requests, owners, deadlines and filing status, reviewed deliverables and presented progress in a format that headquarters could use for decisions.

Outcome

The client established one coordinated operating structure from investment approval through post-entry compliance. This reduced the burden of separately managing providers in each country and created a more stable monthly and annual operating rhythm for the US and Hungarian entities.