Qianhai company registration offers many benefits to foreign companies wishing to do business in China. While Shenzhen has its own attractions, QianHai is an even newer idea, which is China’s experiment in strengthening ties with Hong Kong even more, and offering foreign and domestic businesses an excellent basis to invest in. Below are the major benefis for setting up a business in Qianhai.
1. Geographical Location
Utilising the geographical advantage of close proximity to Hong Kong, Qianhai will play an important role in strengthening the partnership between Shenzhen and Hong Kong. By following international business practices that are already in place in Hong Kong, Qianhai will create a fair, transparent, efficient, clean and honest business environment. Hong Kong will play a unique role in opening up Qianhai. Within the partnership framework between Guangdong Province and Hong Kong, Qianhai will help industries from both Guangdong and Hong Kong to complement one another and foster an environment that is conductive to economic development and social harmony.
2. Special Policy Incentives
(1) The income that insurance companies registered in Shenzhen receive from providing international shipping insurance services to corporations registered in Qianhai is exempt from business tax.
(2) The income of corporations that provide offshore and outsourcing services is exempt from business tax.
(3) Modern logistics corporations that are registered in Qianhai and meet specific conditions can receive different business tax benefits.
(4) An evaluation standard for technically advanced service corporations is being improved. Corporations that have passed the evaluation can enjoy a corporate income tax rate of 15%. In addition, employee education and training expenses that do not exceed 8% of the corporation’s total salary can be deducted pre-tax.
3. Strong Industrial Support
The city of Shenzhen, where Qianhai is based, is one of the most active regions in the Pearl River Delta and mainland China for economic development. Shenzhen’s total aggregate economic output ranks in the first tier among cities nationwide. Its robust industrial base provides a large number of business partners and enormous market opportunities for corporations that decide to invest in Qianhai.
4. Innovative Institute and Support Mechanisms
Relying on the innovative spirit of Shenzhen, Qianhai will seek institutional and support innovation. It has already become one of the most open national industrial development zones with the most innovative support mechanisms, the most room to explore new policies, the most potential for industrial development and the most supportive policies.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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