Investing in Shenzhen and the GBA: Hi-tech Powerhouse Unveils Plans to Widen Doors to Foreign Investment
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.
Hong Kong: Abolition of the Mandatory Provident Fund Offsetting Mechanism
On 9 June 2022, Hong Kong’s Legislative Council passed the Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill (“the Amendment Bill”) to abolish the MPF offsetting mechanism. This article provides a summary of the main legislative changes and details the government’s proposed measures to tide over businesses during the transition period.
A Brazilian Market Leader’s Story: Two Essential Ingredients for Success in China
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 an exclusive interview with a senior Intelbras representative.
Your Guide to Corporate Income Tax in Hong Kong
Hong Kong boasts a simple and straightforward corporate tax system compared to other jurisdictions. This notwithstanding, you should have a sound knowledge of its operation to fully leverage the benefits of favourable tax policies. In addition, it is important to observe your tax filing obligations to keep fines and penalties at bay. This guide will help you navigate the workings of corporate income tax or profits tax in Hong Kong.
Mastering China Business in 2023: How to Overcome Challenges with Confidence
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 China. The event is part of a series of collaborative sessions, the objective of which is to cultivate a vibrant community of likeminded professional individuals and companies. Their collective knowledge and expertise can be harnessed to support aspiring entrepreneurs to do business in China.
Annual Compliance Requirements for Your Company 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.
From Latin America to Asia: A Colombian Entrepreneur’s Journey to Business Success through Hong Kong
Discover the journey of Fernando Hernandez, a Colombian entrepreneur who ventured into the business landscape of Hong Kong. Uncover the reasons that led him to establish a Hong Kong company, leveraging the advantages and efficiency of Hong Kong’s commercial and financial ecosystem. If you’re seeking insights into entering the Chinese market or require expertise in agrochemical services and regulatory affairs, explore Fernando’s success story and connect with him.
Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai
The Guangdong-Macao In-depth Cooperation Zone in Hengqin, Zhuhai, is a significant development area aimed at supporting the growth and economic diversification of Zhuhai. It is part of the regional development plan for the Greater Bay Area of China. Hengqin Island, the largest island of Zhuhai situated next to Macao, has been a focal point for development efforts. In this article, we explore the economic potential of Zhuhai and highlight the advantageous industries and preferential tax policies within the Cooperation Zone in Hengqin.
What is Export VAT Refund in China?
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.
Mandatory Provident Fund in Hong Kong: A Comprehensive Guide
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.