Comapny Formation in Qianhai Shenzhen - Advantages
Shenzhen Free Trade Zone Service
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Overview Qianahi Shenzhen
Qianhai is situated in the Pearl River Delta. With the completion of railways and roads by 2020, Qianhai will be within a one-hour commuting radius of the Pearl River Delta and within a 30-minute commuting radius of Hong Kong. The main arteries of traffic in the region, including the Shenzhen-Zhongshan corridor, Shenzhen Western Port, Shenzhen North Station and Guangzhou-Shenzhen Yanjiang Highway all pass through Qianhai.
Qianhai shall experiment with the expansion of offshore RMB fund flow-back channels. Qianhai will support the development of Hong Kong as an offshore RMB settlement centre and establish a cross-border RMB innovation zone in order to facilitate the development of RMB financial services.
Qianhai shall support the issuance of RMB loans from local banking institutions to international projects, and from Hong Kong-based banking institutions to Qianhai projects under the stipulations of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA).
Qianhai shall be supported in its efforts to establish an equity investment parent fund in Qianhai.
Hasten the internationalisation of Qianhai's financial market by opening up to Hong Kong under the stipulations of CEPA
Eligible companies registered in Qianhai are subject to a 15% preferential corporate income tax rate.
Eligible professionals who are employed in Qianhai are exempt from personal income tax.
Qianhai shall support Hong Kong arbitration agencies' establishment of affiliated agencies in Qianhai.
Qianhai shall support the joint operation of mainland and Hong Kong law firms under CEPA and its supplementary agreements.
Human Resource Policies
Qianhai's human resource management mechanism shall be innovated and relevant policies and measures shall be formulated to attract a professional, international workforce, including but not limited to professionals from Hong Kong, Macau, and Taiwan, as well as Chinese professionals who are currently working or studying abroad or those who have returned to China.
Hong Kong and Macau telecom operators are permitted to establish telecom joint ventures with mainland Chinese operators in Qianhai under the stipulations of CEPA.
Qianhai will establish a dedicated telecommunications channel in order to provide a better and faster channel for telecom businesses as well as other firms in Qianhai.
The Qianhai administration plans to promote innovation and partnership within the financial industry by relaxing currency flows between Qianhai and Hong Kong, reinforcing Hong Kong's position as an offshore RMB settlement centre. This initiative is meant to spearhead the internationalisation of Shenzhen's capital market, as well as strengthen the partnership between securities markets in Shenzhen and Hong Kong. Qianhai's financial services will aim to complement that of Hong Kong's, in a conscious effort to avoid direct competition and create a win-win situation.
Qianhai Equity Trading Centre
The Qianhai Equity Trading Centre will provide loans to Qianhai enterprises by launching RMB-denominated wealth management products (WMPs) on the Hong Kong capital market.
Qianhai has implemented preferential policies which will effectively allow logistics providers to offer improved and more flexible services across mainland China and globally. According to DHL Global Forwarding regional chief Edward Hui, "as more and more international and Chinese enterprises move into the area, this strategic location offers our customers further opportunities to utilise this world-class logistics facility and expand their business domestically and overseas.
Qianhai Bay Free Trade Port Zone
The Qianhai Bay Free Trade Port Zone is one of the vital components of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. The construction of 7 warehouses with a total area of 400,000m² has been completed, among which 12,000 m² are for refrigerated bonded warehouses.[
The Qianhai administration will promote the development of software and information technology services, as well as facilitate the cooperation between mainland and Hong Kong telecom operators.
Technology and Other Professional Services
Qianhai will give priority to the development of innovative technologies, creative design services, as well as professional services such as consulting and management. As industrial reform is now underway in the Pearl River Delta, Qianhai's strategic positioning includes the plan to provide manufacturers with new technologies and other professional services to support their reforming efforts and facilitate a smoother transition.
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