Search
Close this search box.

Insights

Important Update: Hong Kong and Macau Removed from Colombia’s “Tax Haven” List

As of May 31, 2024, in accordance with DIAN Resolution No. 000096, the Government of Colombia has officially removed Hong Kong and Macao from its list of ‘tax havens.’ This decision highlights the successful compliance of these jurisdictions with international tax information exchange standards and demonstrates a commitment to fostering a transparent global tax environment. Businesses operating between Colombia and these regions can expect a more favorable climate for investment and reduced complexities in tax compliance and reporting.

Latest Insights

The State Administration of Taxation Announces Comprehensive Support Measures for Small and Micro Enterprises

The State Administration of Taxation in China has launched the 2024 “Spring Rain Nurtures Seedlings” action plan, introducing 12 pivotal measures to enhance the growth and resilience of small and micro enterprises. This initiative focuses on sectors like technology innovation and manufacturing, providing comprehensive policy guidance and support throughout the business lifecycle. The plan emphasizes structural tax reductions, fee simplifications, and tailored support for small cross-border enterprises. It addresses critical aspects such as tax declarations, business model adjustments, and trade method shifts. With a strong commitment to ongoing monitoring and adaptation, the initiative aims to foster a conducive environment for sustainable growth and competitiveness in the global market.

Read More »

Guangdong’s Maritime Economy: Leading in the Nation for 29 Consecutive Years

The “Guangdong Maritime Economy Development Report (2024)” highlights that Guangdong has held the top spot in China’s maritime economy for 29 years. In 2023, its maritime GDP was 1.87781 trillion RMB, comprising 13.8% of the regional GDP. The maritime industry, including emerging sectors like marine pharmaceuticals and renewable energy, contributed significantly to regional growth. Technological advancements and international cooperation, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, have bolstered its maritime sector’s robust performance.

Read More »

Regulatory Updates

Dong Business in China

Our China Guides comprise a series of informative articles that provide insights on efficiently handling the compliance responsibilities and administrative formalities associated with establishing and scaling up your business in Mainland China.

Dong Business in Hong Kong

Are you looking to setting up a company in Hong Kong? Checkout our a series of comprehensive guides on how to set up and operate a business in Hong Kong.

Expanding your business into

Greater Bay Area

The Greater Bay Area (GBA) of China presents vast opportunities for businesses seeking to expand their operations in the region. The GBA comprises nine cities in Guangdong Province, Hong Kong, and Macau, with a combined population of over 70 million and a GDP of approximately USD 1.6 trillion. It is a critical part of China’s economic development strategy, aimed at creating a world-class metropolis and driving economic growth in the region.

We have a series of informative articles that delve into the various business opportunities available in the GBA. These articles cover a wide range of industries, including finance, technology, logistics, and tourism, among others. We provide insights on the GBA’s market potential, investment incentives, regulatory environment, and emerging trends that businesses can capitalize on.

Explore More Topics

Finance and Taxation

Important Update: Hong Kong and Macau Removed from Colombia’s “Tax Haven” List

As of May 31, 2024, in accordance with DIAN Resolution No. 000096, the Government of Colombia has officially removed Hong Kong and Macao from its list of ‘tax havens.’ This decision highlights the successful compliance of these jurisdictions with international tax information exchange standards and demonstrates a commitment to fostering a transparent global tax environment. Businesses operating between Colombia and these regions can expect a more favorable climate for investment and reduced complexities in tax compliance and reporting.

Market Entry, Industry Updates and More...

Aerial view At container terminal,crane lifts container from ship to truck to deliver goods

Guangdong’s Maritime Economy: Leading in the Nation for 29 Consecutive Years

The “Guangdong Maritime Economy Development Report (2024)” highlights that Guangdong has held the top spot in China’s maritime economy for 29 years. In 2023, its maritime GDP was 1.87781 trillion RMB, comprising 13.8% of the regional GDP. The maritime industry, including emerging sectors like marine pharmaceuticals and renewable energy, contributed significantly to regional growth. Technological advancements and international cooperation, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, have bolstered its maritime sector’s robust performance.

Subscribe to our LinkedIn Newsletter

Bringing you the latest developments to help you further your China business

Subscribe on LinkedIn