Opening a company in Guangzhou or Hong Kong?

Should U Open a Company in Guangzhou or Hong Kong?

There are more and more foreigners who want to come to China to do business and open a company, will you be entangled in what place to open a company is better? 

Today, let's take Guangzhou and Hong Kong as examples and discuss the benefits of opening a company in these two places respectively!

01

In Guangzhou

Ensures legal residence in China

Opening a company in Guangzhou is one way to obtain legal residence status as an expatriate. The Chinese government offers a national treatment policy for foreign talents to set up science and technology-based enterprises in Guangzhou, which not only promotes local science and technology innovation, but also provides expatriates with the opportunity to legally reside in the country.

Convenient location 

and transportation

With Guangzhou Baiyun International Airport and Guangzhou Port, Guangzhou is an important gateway to the world for China. The well-developed highway and railroad network connects the whole country, making it extremely convenient for the circulation of goods and the movement of people. This provides great convenience for enterprises' logistics distribution and market expansion.

Openness to the outside world 

and international cooperation

As the frontier city of China's reform and opening up, Guangzhou has a profound foreign trade tradition and internationalization vision. Guangzhou actively participates in international exchanges and cooperation, and has organized a series of international exhibitions and forums, providing a platform for enterprises to explore the international market.

02

In Hong Kong

Tax advantages

Hong Kong's tax system is very favorable, with a corporate income tax rate of only 16.5% and the absence of taxes such as value-added tax, business tax and capital gains tax. In addition, Hong Kong has a double tax treaty, which can avoid the situation of enterprises paying tax in two countries, thus reducing your tax burden.

Company registration process

Hong Kong can become a world-renowned financial center, naturally, there are a large number of advantages suitable for business development, one of the important points, Hong Kong's convenient and fast company registration procedures. The registration of a brand new business company in Hong Kong usually only requires the applicant to provide the required personal identification documents and the preferred company name.

Financial system

Hong Kong is one of the world's leading financial centers with a well-developed financial system and an internationalized financial market. Hong Kong's banking system is stable and reliable, offering a wide choice of bank accounts in various currencies, which facilitates enterprises to conduct cross-border transactions and fund management.