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Insights

CW CPA Professional Insights on China and Cross-Border Business

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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.
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.
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.
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.
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 manufacturers and suppliers, and it has a well-developed supply chain network supported by advanced logistics infrastructure. The industry is also actively involved in the development of sustainable transportation systems, including electric vehicles (EVs) and infrastructure for EV charging. There are opportunities for overseas investors, with Guangzhou being a prominent destination for foreign investment in manufacturing. However, SMEs in the industry face challenges such as rapidly changing technology, competition, funding limitations, and supply chain disruptions. Despite these challenges, the GBA's automotive spare parts industry is poised for continued growth and success.
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.