AZH Advisory Signs MoU with Tianjin Chamber of Commerce to Strengthen Business Cooperation Between the Two Organizations

AZH Advisory CEO, Bai Mingguo, signs the MoU with the Tianjin Chamber of Commerce

Tianjin, China, November 7, 2024 – AZH Advisory, under the leadership of Bai Mingguo, CEO and H.E. Dr. Mohammed Rashid Al Hameli, Chairman, has taken a significant step in enhancing business cooperation with Tianjin-based organizations by signing a Memorandum of Understanding (MoU) with the Tianjin Chamber of Commerce. The agreement was formalized during the Tianjin–UAE Investment Exchange Seminar, where AZH Advisory engaged with Tianjin-based enterprises exploring business opportunities in the UAE.

The seminar concluded with several cooperation agreements, reinforcing the growing business ties between AZH Advisory and the participating organizations, as well as their growing interest in the UAE market.

Representatives from the Tianjin Chamber of Commerce and executives from Tianjin enterprises gathered with AZH Advisory leadership

The agreement establishes a framework for supporting Chinese enterprises expanding into the UAE and fostering cross-border trade and business opportunities.

As part of this initiative, AZH Advisory engaged with 10 Tianjin-based enterprises, including representatives from the Tianjin Metallurgical Chamber of Commerce, businesses from Binhai New Area, and other Tianjin-based firms seeking international expansion.

These companies, actively pursuing global market entry and business growth, explored business setup, regulatory compliance, and corporate structuring in the UAE.

AZH Advisory provided expert advisory support, helping them navigate tax incentives, operational frameworks, and compliance requirements essential for entering the UAE market.

Zhou Qing, representative of the Tianjin Metallurgical Chamber of Commerce, and Tang Xiaowen, emphasized the growing trade and business ties between China and the UAE, expressing their interest in exploring new markets.

The seminar, hosted by the Tianjin Council for the Promotion of International Trade (CCPIT Tianjin), brought together key government and business representatives to strengthen bilateral trade and investment opportunities, highlighting the growing interest of Chinese companies in the UAE market .

The event was attended by CCPIT Tianjin President Tang Xiaowen, Vice Presidents Chen Liyu and Zhou Qing, and Deputy Inspector Yu Shumin, who underscored the importance of cross-border collaboration in facilitating business expansion.

During their remarks, the CCPIT Tianjin leadership emphasized that the UAE remains a key strategic destination for Chinese enterprises, particularly in sectors such as finance, technology, manufacturing, and logistics. They highlighted the UAE’s favourable business environment, tax incentives, and regulatory frameworks, making it an ideal gateway for companies looking to expand into the Middle East and beyond.

The officials recognized the role of AZH Advisory in providing expert regulatory and corporate structuring support, ensuring that Tianjin-based enterprises can navigate the UAE market efficiently and in full compliance with local business laws. They encouraged participating businesses to take advantage of the advisory services and strategic market entry guidance offered through this partnership, reinforcing the commitment to long-term economic cooperation.

During the event, H.E. Dr. Mohammed Rashid Al Hameli and Bai Mingguo discussed sector-specific opportunities for Chinese enterprises expanding into the UAE. They highlighted the life sciences sector for companies like CanSino Biologics Inc., covering regulatory pathways and biotech incentives. For manufacturers such as Tianjin Kaihua Insulation Material Co., Ltd., they addressed industrial free zones and supply chain advantages. Tech firms, including Liuhefeng (Tianjin) Science and Technology Co., Ltd., learned about AI, R&D, and digital initiatives, while investment firms like Tianjin Bohai Light Industry Investment Group Co., Ltd. explored corporate governance and financial regulations. The session also outlined business setup, compliance, and legal requirements, ensuring a smooth entry into the UAE market.

The MoU between AZH Advisory and the Tianjin Chamber of Commerce aims to facilitate seamless UAE market entry for Tianjin-based businesses by providing regulatory guidance, market entry strategy, and business structuring support. The agreement supports China-based companies in establishing and expanding their presence in the UAE, providing access to high-growth sectors, operational incentives, and strategic partnerships

AZH Advisory continues to lead in management consultancy and compliance advisory, offering comprehensive regulatory, corporate structuring, and strategic business solutions for companies expanding into the UAE.