Hong Kong's "remediation storm" lasted for several months, and the situation in Hong Kong has received much attention from outside. Due to the turmoil, Hong Kong has lost a large number of tourists and customers, and it has also left a bad impression on the people of the world. Many entrepreneurs who have considered investing in Hong Kong have expressed concern: Can you still register in Hong Kong now?
We believe that with the arrest of criminals, the situation in Hong Kong will tend to ease, and in the long run, the storm will stop, and the big "typhoon" will pass. From a professional point of view, the current situation of registering Hong Kong companies still has an advantage.
Hong Kong's offshore function is still important
In recent years, with the internationalization of the RMB as an opportunity, the People's Bank of China has taken a number of measures to promote Hong Kong's construction as the world's largest offshore RMB center. At the same time, offshore services have developed rapidly in Hong Kong, forming a unique Hong Kong model, which has become a non-negligible part of the current booming global service outsourcing market, bringing many benefits to the development of service outsourcing in the Mainland.
As an international offshore center, Hong Kong also undertakes other important functions such as entrepot trade. For a group of mainland enterprises that want to go global or have offshore business, Hong Kong's functions are very important.
Hong Kong is an ideal platform for mainland enterprises to "go global"
Hong Kong's business environment is superior, capital information circulation, market openness, freedom and order, bringing together professionals from all over the world, with sound infrastructure, independent rule of law system, and low tax rate, etc., is the mainland enterprises "going out." "The ideal platform." Hong Kong adopts the principle of geographical origin to levy taxes. Hong Kong's tax system is simple and its tax rate is low. It is regarded as a paradise for SMEs and a fertile ground for entrepreneurship. Compared with Hong Kong, Hong Kong has a great advantage in the tax system, Hong Kong is still one of the best choices for mainland enterprises to go international.
Guangdong, Hong Kong, Macau and Dawan District play an important role
Hong Kong has a very close economic relationship with the mainland. It is also an important bridge connecting China and the world. Mainland enterprises are connected with the world. Hong Kong is a very important node and will play a better role in the development of the Greater Bay Area. Hong Kong's positioning and role in the Greater Bay Area of Guangdong, Hong Kong and Macao can be summarized as an international financial center, an international logistics center, and an international shipping center. It has leading higher education and is also an important window for China's opening up and globalization. Hong Kong will play a more important role in international connectivity in the next phase of the “Belt and Road” and the construction of the Guangdong, Hong Kong and Macau Grand Bay Area.
Good policies continue to be introduced
According to the Hong Kong SAR Government's Budget for the fiscal year 2019 to 2020, Hong Kong has adopted a number of policies to support the development of Hong Kong enterprises. Specific measures include a waiver of business registration fees and a reduction of 75% of profits tax and salaries tax in 2018-19.
In addition, the Hong Kong Taxation Bureau issued the following measures on August 15 in response to the current situation:
1 exempt 27 types of government fees for a period of 12 months;
2 to reduce the 50% rent for a period of six months from the short-term tenancy of government land for the commercial and community use, the public market stalls, the restaurants and retail shops rented by the Government Department;
3 Government fees determined in accordance with the principle of cost recovery will be frozen from now until the end of 2020.