QianHai Company Setup Benefits
Article Source：Youxinda Business
Popularity：1235
Published time：2015-01-09 12:15:33
As mentioned above, the QianHai zone offers several attractive benefits for companies, employees, and residents.
It offers:
>Ultra low corporate income tax (CIT) of 15% until December 2020 (even Hong Kong’s is 16.5%, and Mainland China is generally 25%!)
>CIT Tax breaks for certain industries where tax exemption lasts for 2 years from their first profitable year, and is subsequently charged at 50% (of the standard 25% CIT rate) for the next 3 years
> ‘Green’ companies rewarded with CIT tax breaks
>VC SMEs eligible for CIT tax breaks
>Businesses may account for 30% of their income from none-preferential business activities, meaning that companies have more flexibility in how they can trade
>Foreign high-end talent, skilled foreign workers, may be eligible for individual income tax reductions by subsidy if the income tax equals 15% or more of their total taxable income
>Billions of CNY in government grants for preferred industries
>Easy access to Hong Kong and overseas banks, many of whom choose Qianhai as their local HQ
>Hong Kong CPAs may provide their services within the zone as partners of local accounting firms, as may various other registered Hong Kong professionals
>Hong Kong education providers may set up international standard schools within the zone
>Hong Kong medical service providers may set up international standard healthcare service providers, such as clinics, within the zone
>Hong Kong and Macau telecoms providers may set up a joint venture with Chinese firms in order to offer international class telecoms services for the zone
>World class logistics, be it the custom built port, or the numerous local international airports
>Youth entrepreneur innovation hub offering subsidised company start up costs, research, networking with Hong Kong peers, and venture capital opportunities for younger entrepreneurs
As you can see, the “QianHai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” is an exciting proposition for companies in the right fields,and For You Business company is ready to help you set up your Qianhai company quickly and easily!
It offers:
>Ultra low corporate income tax (CIT) of 15% until December 2020 (even Hong Kong’s is 16.5%, and Mainland China is generally 25%!)
>CIT Tax breaks for certain industries where tax exemption lasts for 2 years from their first profitable year, and is subsequently charged at 50% (of the standard 25% CIT rate) for the next 3 years
> ‘Green’ companies rewarded with CIT tax breaks
>VC SMEs eligible for CIT tax breaks
>Businesses may account for 30% of their income from none-preferential business activities, meaning that companies have more flexibility in how they can trade
>Foreign high-end talent, skilled foreign workers, may be eligible for individual income tax reductions by subsidy if the income tax equals 15% or more of their total taxable income
>Reformed tax declaration, making it easier and faster for companies to handle their taxes in China
>Close proximity to Hong Kong and the main cities of the PRD
>Can get loans from Hong Kong banks in CNY, but with Hong Kong loan rates>Billions of CNY in government grants for preferred industries
>Easy access to Hong Kong and overseas banks, many of whom choose Qianhai as their local HQ
>Hong Kong CPAs may provide their services within the zone as partners of local accounting firms, as may various other registered Hong Kong professionals
>Hong Kong education providers may set up international standard schools within the zone
>Hong Kong medical service providers may set up international standard healthcare service providers, such as clinics, within the zone
>Hong Kong and Macau telecoms providers may set up a joint venture with Chinese firms in order to offer international class telecoms services for the zone
>World class logistics, be it the custom built port, or the numerous local international airports
>Youth entrepreneur innovation hub offering subsidised company start up costs, research, networking with Hong Kong peers, and venture capital opportunities for younger entrepreneurs
As you can see, the “QianHai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone” is an exciting proposition for companies in the right fields,and For You Business company is ready to help you set up your Qianhai company quickly and easily!
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