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Insights

Hong Kong Introduces New Capital Investment Entrant Scheme

Hong Kong’s new Capital Investment Entrant Scheme (New CIES) is set to attract high-net-worth investors, reinforcing the city’s status as a global financial hub. Launched on March 1, 2024, the scheme enables international and Chinese investors to gain residency in Hong Kong by investing in specific asset classes. To help you leverage the New CIES, this article provides an overview of the eligibility criteria, the range of investment assets that fall within scope, and details regarding the application procedure.

Latest Insights

China Economic Outlook 2024

While spectators worldwide had pinned high hopes on China achieving a swift and sharp rebound in economic activity, the wheel of fortune turned more sluggishly than expected after its post-Covid reopening. A cocktail of pressing challenges, including subdued consumption and a slump in the property market, continue to cloud China’s recovery outlook. Despite a somewhat bumpy ride last year, the world’s second-largest economy managed to hit its growth target of 5%, expanding by 5.2% year-on-year to RMB 91.3 trillion.

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Phase 3 of Hong Kong’s New Inspection Regime Comes into Operation

On 27 December 2023, Hong Kong implemented the third phase of the New Inspection Regime under the Companies Ordinance (Cap. 622), allowing directors, company secretaries, and other relevant parties to request the withholding of their personal information from public view. The regime, introduced in three phases between August 2021 and December 2023, addresses concerns about safeguarding sensitive personal data in public registers. While maintaining transparency, it shields information like residential addresses and identification numbers of company officers from public access. The full article provides an overview of all phases and details the application process for protecting personal information.

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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.

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Finance and Taxation

Hong Kong city line art vector. Illustration with all famous buildings. Cityscape.

Summary of Hong Kong Taxes 2024-25

This summary provides an overview of the tax rates for profits tax, salaries tax, and property tax in Hong Kong for the assessment years 2024-25. It serves as a quick reference for individuals and businesses to understand their tax obligations in the region. Staying informed about these rates is important for effective tax planning and compliance in Hong Kong’s dynamic economic environment.

Market Entry, Industry Updates and More...

Hong Kong sunny day

Expand Beyond Hong Kong: Dedicated Fund on Branding, Upgrading and Domestic Sales

Do you own a non-listed company in Hong Kong? You may be eligible to apply for funding under the Dedicated Fund on Branding, Upgrading and Domestic Sales (“BUD Fund”) to support your expansion efforts outside Hong Kong. This article will walk you through the eligibility criteria, funding scope, allocated funding amounts, and a step-by-step guide to navigating the application procedure under the different BUD schemes.

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