Here you can know more about the tax rates of profits tax, salaries tax and property tax for the years of assessment 2024-25.
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.
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.
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.
Finance and Taxation
Market Entry, Industry Updates and More...
The Hong Kong 2024-25 Budget, announced by Financial Secretary Paul Chan Mo-po, focuses on economic recovery and high-quality development in the post-epidemic era, emphasizing confidence and opportunity. Despite projected fiscal deficits, the budget highlights include tax reductions, support for SMEs, and initiatives in green finance, digital economy, and innovation and technology. It aims to stimulate the property market, enhance financial services, and bolster Hong Kong’s role as an international financial hub and innovation center. The strategy encompasses removing property cooling measures, investing in technology infrastructure, and promoting green and sustainable finance, reflecting a holistic approach to navigating global challenges and seizing future growth opportunities.