The US-German Corridor Experienced and highly focused experts for your investments in Germany and the United States

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1 The US-German Corridor Experienced and highly focused experts for your investments in Germany and the United States International Business

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3 Your activities in Germany and the US Regardless of whether you are a seasoned investor with well-established foreign operations or embarking on your first foray into an international environment, you have one expectation in common: your advisors must understand not only the local environment in which you operate but also your home country environment and cultural underpinnings. For investors from the US into Germany as well as from Germany into the US, we have established the US- German Corridor to provide you with best in class service. The real difference is not in our technical knowledge of the local environment, but in our focus on and understanding of your specific needs and expectations. To achieve this, our US-German Corridor on both sides of the Atlantic consists of teams of professionals with deep knowledge and experience working both in and with companies from your home country. In many cases, our team consists of nationals from one country working in the other country, and we actively rotate professionals between Germany and the US and vice versa to further develop the experience of our team to better serve you. Our US Country Practice focuses on the needs of US investors in Germany and is led by Warren Marine, a US National who has worked in Germany for over 20 years. In the US, Holger Erchinger, a German National, leads the US-German Corridor. Warren and Holger as well as their respective teams are focused on your unique and evolving needs and expectations. This publication will introduce you to our teams in Germany and the US and provide you with insights into our capabilities for serving you across the entire range of services we offer. Many professional service firms claim to be international, but how many prove it day-in and day-out with a structure and focus with proven results? The US-German Corridor 3

4 The US Country Practice We recognize that the key to delivering exceptional, highly valued service is to understand our clients unique perspectives, expectations and cultural underpinnings. Our US Country Practice in Germany consists of a team of dedicated professionals from all KPMG service lines: Audit, Tax, Consulting, Deal Advisory and Law*. For each of these service lines a partner with deep affiliation and years of experience working with US companies doing business in Germany leads the practice. We work together in a seamless manner to help our clients achieve their goals and realize their potential, regardless of our individual experience. Pages 6 and 7 provide an overview of the depth and breadth of services available to you in the US Country Practice in Germany. Most of these services are also offered by KPMG US for German-owned US companies, but some are unique to KPMG Germany, such as the legal practice of KPMG Law. Regardless of which phase of development your business in Germany is acquisition/establishment, integration/structuring, growth/ expansion, restructuring or wind-down/insolvency we are able to support you. Warren Marine Partner, Head of US Country Practice * Legal services are provided by KPMG Law Rechtsanwaltsgesellschaft mbh. 4 The US-German Corridor

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6 Our expertise your advantage Law * Acquisitions/Establishment From identifying target markets, technologies, products and potential targets to running an efficient transaction process, our team is able to assist you every step of the way in executing your strategy for expanding into the German and/ or European market. Employing our holistic approach, we can help you navigate the regulatory and cultural hurdles you will face, be it M&A advisory, financial and tax due diligence, valuation or funding. KPMG Law* offers legal due diligence, legal assistance with the incorporation of new entities in Germany, corporate governance structures and corporate secretarial services. Growth/Expansion Taking your business to the next level often requires external support. Whether you need to reassess your strategy, improve your IT capabilities, improve your purchasing and manufacturing processes or better understand your markets and competitors, we have consulting teams who understand both the local market and the needs of US companies operating in Germany. KPMG Law can assist you in all business-law related matters and help your company remain legally compliant. Wind-Down/Insolvency We can support you throughout this process to ensure a structured and compliant cessation of activities by providing an evaluation of the associated financial, operational, regulatory and legal risks. KPMG Law experts can also assist you with redundancy measures, and help you navigate insolvency in a compliant manner to avoid unnecessary costs and personal liability of management. Consulting Cyber Security CIO Consulting IT Compliance ERP & CRM Consulting Digital Finance Global Transfer Pricing Services Data & Analytics Operations Consulting Tax Transformation Legal Compliance Management Global Mobility Services Tax International/Corporate Tax IP & Data Protection Law Indirect Tax Services Law Mergers & Acquisitions Tax Mergers & Aquisitions Group Reorganizations & Incorporations Your challenges our solutions Assurance Global Entity Management (Corporate Secretary) Attestation Employment & Immigration Law Mergers & Acquisitions Strategy Restructuring Transactions Services Finance Advisory Forensic Audit Valuation Deal Advisory Integration/Structuring Effective and efficient execution on the integration process is critical and requires many different parts of your company to act together. All too often this process gets neglected due to a variety of reasons such as distance from headquarters, cultural and language barriers, and competing priorities. We help your organization remain focused and anticipate barriers which may exist to ensure you execute on your integration priorities. Aligning your accounting policies (including training of local finance staff), successful implementation of internal controls in accordance with SOX 404, tax structuring, global mobility services for expats, IT and supply chain integration are but a few of the areas we can support you in. We also offer PMO services to ensure all workstreams are properly aligned and activities are coordinated. Restructuring Our interdisciplinary restructuring experts can support you in a variety of areas such as reviewing business models and financial forecasts, tax-efficient transformation and tax optimization as well as legal support in areas including share transfers, mergers and de-mergers. Our assurance services team specializes in supporting your business in a variety of regulatory and compliance related issues such as internal controls (SOX 404), risk management, internal audit, or the EU Data Protection Regulation. * Legal services are provided by KPMG Law Rechtsanwaltsgesellschaft mbh. 6 The US-German Corridor 7

7 Your experts for investments in Germany KPMG AG Wirtschaftsprüfungsgesellschaft is one of Germany s leading audit, tax and advisory firms with more than 10,000 partners and staff. Additionally, KPMG Law Rechtsanwaltsgesellschaft mbh employs 240 attorneys throughout the country. Our 25 locations throughout Germany give us a strong regional presence that allows us to always be close to our clients. The US Country Practice in Germany is comprised of a multi-discliplinary team focused on the issues facing German subsidiaries of US-based companies. We are highly aligned with KPMG in the United States both at the client- and service-line level. Through cross-border cooperation between KPMG in Germany and KPMG in the US, including mutual secondments and in project teams, there is a continual exchange of know-how, which allows the best possible utilization of local expertise. KPMG Law experts offer you a unique perspective on a wide range of corporate, commercial and labor law issues. The partners and managers in our US Country Practice have years of experience serving USowned companies in Germany and many have worked in the United States. 8 The US-German Corridor

8 US Country Practice Service Line Leads Audit Tax Warren Marine Partner, Head of US Country Practice Stuttgart T warrenmarine@kpmg.com Markus Plattner Partner, Governance & Assurance Düsseldorf T marcusplattner@kpmg.com Dr. Oliver Heinsen Partner, International Tax Frankfurt T oheinsen@kpmg.com Christian A. Schmid Partner, International Tax, New York T cschmid1@kpmg.com Consulting KPMG Law Rechtsanwaltsgesellschaft mbh Thomas Erwin Partner, Consulting Mannheim T terwin@kpmg.com Lars Meixner Partner, Law Stuttgart T lmeixner@kpmg-law.com Deal Advisory Günter Breuer Director, Consulting Köln T gbreuer@kpmg.com Christian Specht Partner, Deal Advisory Frankfurt T cspecht@kpmg.com The US-German Corridor 9

9 Your experts for investments in the US KPMG LLP employs more than 31,000 partners and staff. It has more than 100 business offices in the United States. KPMG LLP has an exceptional and uniquely qualified team providing end-to-end professional services for its clients. Extensive experience in supporting German companies engaged in business activities in the US, taking specific company needs into account. German- and English-speaking teams with high-quality standards, integrating both American and European thinking into their work. Our German-US expert team of KPMG in the United States provides support from the entire range of KPMG services, including the areas of auditing, accounting, taxation, and a broad range of advisory services. Consulting support in cross-border corporate acquisitions, M&A transactions and business-valuation services. Advisory services concerning US capital market transactions including both registered and exempt offerings. Dedicated expert consulting and practice-oriented support for business activities in the US, taking into account local and international regulatory and related requirements. Close expert cooperation, including through secondments, with KPMG in Germany and KPMG member companies around the world. 10 The US-German Corridor

10 US-German Services Group Audit Tax Holger Erchinger Partner in Charge US-German Corridor, KPMG LLP New York T herchinger1@kpmg.com Achim Wolper Head of German Practice Partner, KPMG in Germany New York T awolper@kpmg.com Judd Schreiber US-German Corridor Tax Lead Managing Director, KPMG LLP Boston T juddschreiber@kpmg.com Christian A. Schmid Partner, Tax, KPMG in Germany, New York T cschmid1@kpmg.com Advisory Ingo Zielhoff Accounting Advisory Services Managing Director, KPMG LLP New York T ingozielhoff@kpmg.com Marc Schmidt Deal Advisory, Principal, KPMG LLP Chicago T mschmidt3@kpmg.com Manfred Gabriel Forensic Technology, Principal, KPMG LLP New York T mjgabriel@kpmg.com Maria Arosteguy Internal Audit & Enterprise Risk Managing Director, KPMG LLP Chicago T marosteguy@kpmg.com The US-German Corridor 11

11 More on the topic KPMG supports you with a wealth of information to facilitate your US-German business activities. KPMG International Business online Whether it s country-specific expertise or clearly structured information on current challenges such as Brexit, our competencies are bundled in a variety of different publications. In addition, you will find facts and figures on investment activities of German companies, background knowledge for the planning of international transfers and practice-oriented information. Our publications are an invaluable tool for anyone wanting to successfully invest in Germany and around the globe. To the right are a few examples of the publications and other resources currently available. Find out more at: international-business.html German Service Group The German Service Group in the US offers a wealth of additional information. Find out more at: 12 The US-German Corridor

12 International Business Business Destination Germany 2018 Useful insights on Germany as a business location with a focus on foreign investors. Download it here: German American Business Outlook 2018 German American Business Outlook 2018 The annual survey of German firms in the US The annual survey of German companies operating in the United States. Download it here: Business in Germany Newsletter Published three times per year, this newsletter provides fascinating insight into Germany as an economic location, focusing on relevant topics for foreign investors in Germany. Download it here: Brexit an Impact Analysis How Brexit may affect US companies established in the United Kingdom Brexit an Impact Analysis: How Brexit may affect US companies established in the United Kingdom. In addition to this publication you may find our KPMG Brexit Roadmap: the two-year navigator website a useful resource to help you think through the ramifications of Brexit on your business. Download it here: Investment in Germany A practical investor guide to the tax and regulatory landscape in Germany. Download it here: The US-German Corridor 13

13 Contact KPMG in Germany Warren Marine Partner, Head of Country Practice USA T warrenmarine@kpmg.com KPMG in the US Holger Erchinger Partner in Charge US-German Corridor T herchinger1@kpmg.com The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation KPMG AG Wirtschaftsprüfungsgesellschaft, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. Printed in Germany. The KPMG name and logo are registered trademarks or trademarks of KPMG International.