Nansha, a strategically located district in Guangzhou, China, has emerged as a dynamic hub for innovation and cooperation, particularly within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Designated as the Demonstration Zone in Nansha of Guangzhou for All-round Cooperation Among Guangdong, Hong Kong and Macao, the district is fostering a vibrant ecosystem for businesses, industries, and talents from across the region. This article offers an overview of the Nansha Plan, highlighting the advantageous policies within the Nansha Cooperation Zone and showcasing examples of successful foreign enterprises that have thrived in this area.
On 25 October 2023, Hong Kong’s Chief Executive John Lee delivered the 2023 Policy Address. The ambitious agenda contained almost 200 initiatives, setting out a roadmap for a continuing trajectory of growth and development. This article will present the key takeaways from the 2023 Policy Address. In particular, it will detail the range of initiatives and measures introduced to bolster the economy and support businesses.
At the forefront of innovative development, Shenzhen has captured the interest of foreign investors around the world. At the start of August 2023, the Shenzhen Municipal Government issued three documents, each containing a clutch of measures, to comprehensively optimise the city’s business environment and facilitate foreign investment. This article will delve into how the newly implemented set of measures can enable foreign businesses to operate and invest in Shenzhen and the GBA with greater ease.
Gazetted on 27 January 2023, the Companies (Amendment) Ordinance 2023 (“Amendment Ordinance”) will come into force on 28 April 2023,
Hong Kong brings the Companies Register’s New Inspection Regime into operation phase by phase from August 2021 to December 2023
Trademark squatting is a practice rife in China for all the wrong reasons. As China operates a first-to-file, rather than
The Cyberspace Administration of China (“CAC”) promulgated the Measures on Security Assessment of Cross-Border Data Transfer (“Measures”) on 7 July
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.
We aim to be your go-to source of information on setting up and operating a business in Hong Kong, and our goal is to help businesses thrive in this dynamic and fast-paced market.
While companies incorporated in Hong Kong can be either public or private and limited either by shares or guarantee, the most popular kind of business vehicle in Hong Kong is a private limited company. How easy is it to establish business presence in Hong Kong?
A company secretary in Hong Kong is a vital position that ensures the company complies with statutory obligations and acts as a custodian of corporate governance. Read on to learn more about the eligibility requirements, role, and responsibilities of a company secretary.
For entrepreneurs seeking success, Hong Kong is the ideal place to set up shop – thanks to its business-friendly environment and advantageous tax system. Get the most out of your investments with this comprehensive guide to Hong Kong taxation!
The Companies (Amendment) Ordinance 2018 introduced new requirements on the keeping of significant controllers registers by companies in Hong Kong. This guide details the various obligations demanded by the SCR regime, the method by which your Hong Kong company’s significant controllers should be identified, and other practical steps that you should take to ensure compliance with the Amendment Ordinance.
Discover the essential information about the Employer’s Return in Hong Kong, including filing obligations, deadlines, and submission methods. Ensure compliance with local employment laws and tax requirements to avoid penalties. Learn how CW can assist you in accurately completing your Employer’s Return and navigating the regulatory landscape. Contact us today for professional assistance.
The SME Export Marketing Fund provides financial assistance to Hong Kong-based small and medium enterprises in their overseas expansion endeavours, specifically in their export promotion activities. The guide sets out the eligibility criteria, funding scope, expenditure items within the ambit of the EMF, the level of funding support and types of application in detail.
Are you an employer in Hong Kong, or do you plan to hire staff for your Hong Kong company? You must register your employees under a Mandatory Provident Fund (“MPF”) scheme and make monthly contributions towards it. This article helps you navigate the workings of the MPF system and the different types of MPF schemes available. It also details the method of calculation in respect of MPF contributions.
One of Hong Kong’s key appeals lies in its wide range of admission schemes for foreign talents, professionals and entrepreneurs. In the 2022 Policy Address, Hong Kong’s Chief Executive underscored the importance of embarking on an all-out quest for global “top-notch talents”. This guide seeks to provide information on the different schemes currently available under which quality talents can be admitted into Hong Kong.
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.
China is one of the most attractive markets for foreign investment in the world. The country has a large and growing economy, a skilled workforce, and a favorable investment climate. However, setting up a business in China can be complex and time-consuming. This guide provides an overview of the steps involved in setting up a foreign-invested enterprise (FIE) in China.
Regarded as the “lightest” company structure, a representative office (“RO”) can offer newcomers – who are not ready to take the plunge into uncharted waters with a hefty investment – a relatively easy and quick way to establish a foothold in China. This pared-down mode of presence in China has its merits as well as drawbacks, and you are well-advised to take them into careful consideration when deciding which structure best fits your business’ individual needs.
Discover essential tips for navigating China’s banking landscape as a foreign investor, including how to set up a corporate bank account and understanding the various documentation requirements to ensure seamless business operations.
The legal representative is a position that wields considerable authority within an organisation. This article walks you through some important considerations, the procedure for changing a legal representative in China and a checklist of documents required.
Setting the right amount of registered capital for a foreign-invested enterprise in China is crucial. Too little or too much can have far-reaching consequences. This article provides guidance on how to determine your registered capital needs.
The export VAT refund system in China allows eligible businesses to recover VAT paid on purchases related to the provision of taxable goods or services for export. There are two refund methods: Exemption, Deduction, and Rebate (EDR) for manufacturing enterprises, and Exemption and Rebate (ER) for trading enterprises. This article provides an accessible overview of how the export VAT refund system works in China.
With important deadlines one after another, meeting your annual compliance obligations can indeed be a complex and confusing affair. In this article, we will delve into the main annual compliance requirements that every company operating in China should be aware of. Such obligations involve conducting different statutory filing and financial reporting procedures.
While many foreign investors continue to be lured in by China’s wealth of attractive business opportunities, for other investors, however, the time has come to call it quits. Learn how to properly deregister your company in China with this guide. Closing a business in China can be a complex and time-consuming process, but abandoning it is not the solution. Ensure compliance and avoid penalties by following the necessary procedures.
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.
Nansha, a strategically located district in Guangzhou, China, has emerged as a dynamic hub for innovation and cooperation, particularly within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Designated as the…
On 25 October 2023, Hong Kong’s Chief Executive John Lee delivered the 2023 Policy Address. The ambitious agenda contained almost 200 initiatives, setting out a roadmap for a continuing trajectory…
At the forefront of innovative development, Shenzhen has captured the interest of foreign investors around the world. At the start of August 2023, the Shenzhen Municipal Government issued three documents,…
The Ecuadorian-China Chamber of Commerce (CCECH) has played a crucial role in developing trade relationships between Ecuador and China. Over the years, the Chamber has undertaken various activities, including trade…
The automotive spare parts industry in the Greater Bay Area (GBA) is experiencing significant growth, driven by demand for high-quality products and innovation. The GBA is home to major automobile…
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in China has a rapidly growing healthcare industry with significant potential, driven by a large and growing market, favourable government policies, and a…
Explore tax incentives in China with this comprehensive guide on Corporate Income Tax (CIT) policies for 2022. Learn about preferential treatments for Small and Low-profit Enterprises, SMEs, TSMEs, HNTEs, and…
The Hong Kong Financial Secretary, Paul Chan Mo-po, presented the 2023-24 Budget Speech on February 22, 2023. The budget focuses on the government's goal of "Leaping Forward Steadily, Together We…
Here you can know more about the tax rates of profits tax, salaries tax and property tax for the years of assessment 2022-23 & 2023-24 in Hong Kong.
Proposed changes to Hong Kong's foreign source income exemption regime for passive income are expected to come into force on 1 January 2023 with no transition period. All kinds of…
With more sources of data input that go beyond the limits of historical data coming into play, the nature of the audit process will undergo a transformation: from an essentially…
Qualified enterprises operating in the lifestyle services sector in Mainland China will continue to enjoy a 15% “super deduction” of creditable input VAT in the current period. In order to…
Unlocking Success in the Chinese Market: Discover Intelbras' Winning Formula of Relationships and Innovation. Learn how this pioneering Brazilian company overcame challenges and harnessed China's industrial strength, as revealed by…
On 19 May 2023, CW gathered a dozen of experienced business leaders and moderated a session to discuss the opportunities, challenges, and important trends shaping the current business environment in…
Scale-ups are dubbed “powerhouses of productivity”. Scalability refers to a company’s capacity to grow and cope with increased output while, simultaneously, keeping costs more or less at the same level.…
CW CPA is a professional advisory and CPA firm offering accounting and financial reporting, audit and assurance, corporate secretarial, HR process outsourcing, tax advisory and China consulting services, with offices in Hong Kong, Shenzhen, Guangzhou and Shanghai in mainland China, Barcelona in Spain, London in the UK, Bogotá in Colombia, Belo Horizonte and SĂŁo Paulo in Brazil. CW CPA is a member of Allinial Global, an award-winning association of legally independent accounting and consulting firms whose members collaborate to bring their clients best-in-class solutions.Â
