set up a company in Shenzhen

the city of Shenzhen, which is also known as the “Silicon Valley of Hardware”. The city’s ecosystem of entrepreneurs, talent, suppliers, and factories, which makes it an ideal place for hardware startups.

Welcome to the city of opportunity, Shenzhen

Shenzhen is an excellent place to do business for the Chinese and global export markets. It has various advantages that make it a great place to start or expand a business. The city offers tax incentives, resources, and training for entrepreneurs, and helps businesses develop innovative technologies and products. There is also financial support available to help businesses grow.

Tax-Based Incentives

tax incentives in Guangdong–Hong Kong–Macao Greater Bay Area

Shenzhen is the core city of GBA, the local governments have implemented various policies to promote development, including tax incentives and fiscal subsidies, which are aimed at improving the business environment, Shenzhen offering convenient tax services, reducing tax liabilities, encouraging technological innovations, encouraging talent retention, and liberalizing the financial markets. These policies are intended to help Shenzhen enterprises cultivate value-creation and promote talent flow, logistics, capital flow, and information flow.

Operational Support

Get operational support and entrepreneurial business training. Shenzhen provides a wide range of business training, resources and assistance programs are available to help businesses with everything from finding a mentor to taking products and services to a global marketplace.

The Greater Bay Area offers an array of preferential policies, subsidies and financial incentives in all key business aspects including investment, taxation, start-up, intellectual property and employment.

Innovation Support

Shenzhen offers resources designed to enable new and existing businesses to become more competitive through the use of innovative technologies. The Shenzhen SCI-TECH Innovation Bureau, which emphasize the importance of working with industry as a way to leverage Shenzhen’s technology strengths to produce new products. The city also offers other innovation development support resources, including financial incentives, to foster university collaboration, research and innovation.

Set up a 100% foreign-owned Limited Liability Company

There are steps to set up a company in Shenzhen:

  1. Get familiar with local authorities and institutions departments
  2. Choose your company name in Chinese
  3. Choose the legal entity of your company
  4. Appoint a company secretary
  5. Rent the registered address of your company
  6. Prepare the incorporation documents
  7. Submit to the Business License Registry
  8. Pay the government fee
  9. Get relevant permits and licenses
  10. Keep up with your taxes and financial reporting

If you have any questions about how your business can be a success in Shenzhen, please do contact us — it’s both our job and pleasure to assist.

Hong Kong Two-tiered Profits Tax Rates Regime

Hong Kong Two-tiered Profits Tax Rates Regime

What Is a Two-Tiered Tax Rate? The Two-Tiered Tax Rates Regime involves two profit tax rates. Under the new system, the first HK$2 million of a company’s profits are taxed at a lower profits tax rate of 8.25%, while profits above HK$2 million are taxed at the standard profits tax rate of 16.5%.

The profits tax rate for the first HK$2 million (US$250,000) of profits of corporations will be lowered to 8.25%. Profits above that amount will continue to be subject to the tax rate of 16.5%.

The hong Kong Two-Tiered Profit Tax has been implemented to support small and medium-sized enterprises. This will reduce the tax burden on enterprises, especially SMEs and startup enterprises, and will help foster a favorable business environment, drive economic growth, create job opportunities and enhance Hong Kong’s competitiveness.

However, if an entity has one or more connected entities, the two-tiered profits tax rates can only apply to one nominated entity among its connected entities. The others will not qualify for the two-tiered profits tax rates. 

Interest, gains or profits derived from qualifying debt instruments that are already subject to tax at half-rates under the existing provision will be excluded from the proposed two-tiered profits tax rates regime.

Management Accounts Services

Finance Management Accounting Services

We are one of the leaders in management accounting services, managing vital financial data and providing perfect solutions for the clients for the development of your respective business.

Forecasting and planning, performing variance analysis, reviewing and monitoring costs is done by our registered chartered accountants who will act as your finance director.

We have expertise in providing the following services:

  • Prepare management reports on regular basis to keep up continuous records of your cash flow.
  • We act as a mediator to set all your contractual obligations coming in management accounts.
  • Our proper guidance makes you to stick to your core competency so that people can’t compete with you.
  • We take care of all the reports and makes sure that all the reports are in sequence, data has to make sense and to have proper documentation to back it up.
  • Our strategic approach makes us different from others.
  • Identify–>Analyze–>Record–>Post–>Prepare Trial balance.
  • Reports can be generated depending on your business type and as per your requirements. We can manage your accounting reports monthly, quarterly, half yearly or any other period.

Avail the following reports from us:

Cash Reports
Status Reports
Profit and Loss Reports
Projected accounting for 5 years and much more.

Following services are provided

  • Generate regular management reports to monitor your cash flow, observe trends and seek additional capital (if required) based on accurate forecasts
  • Assistance on meeting your contractual obilgations of providing management accounts on a regular basis.
  • We guide you to ensure that your business is on the right track and in line with your anticipated / projected sales /income / expenditure / profits.
  • Our reports can help you make management decisions to get your company back on track and / or stay on track to profitability.
  • Reports are generated on monthly, quarterly, half yearly or any other period that is required by you.

We prepare all management accounts as per your requirement and deliver it as per agreed time lines.