{"id":8918,"date":"2021-11-09T08:00:52","date_gmt":"2021-11-09T08:00:52","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=8918"},"modified":"2025-04-23T09:49:20","modified_gmt":"2025-04-23T09:49:20","slug":"how-companies-in-the-greater-bay-area-can-access-tax-incentives","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/how-companies-in-the-greater-bay-area-can-access-tax-incentives\/","title":{"rendered":"How companies in the Greater Bay Area can access tax incentives"},"content":{"rendered":"

What subsidies, tax benefits and intellectual property protections can UK companies receive when setting up or expanding their presence in South China? Hawksford<\/a> and Zhong Lun Law Firm<\/a> explain<\/span><\/h2>\n

Cities in the Greater Bay Area (GBA)<\/a>, which links nine cities in Guangdong with Hong Kong and Macau, already present foreign businesses with subsidies based on the size of their investment and future contribution to the local economy with specific requirements and reward schemes varying on a municipality and sector basis.<\/span><\/p>\n

\"launchpad<\/a><\/p>\n

Shenzhen is an excellent example of how the GBA plans to facilitate a business friendly-bureaucratic framework, encouraging multinational companies to establish regional headquarters in its sophisticated environment. If companies meet requirements regulating their local and overseas entities\u2019 registered capital and management structure, the approved headquarters are entitled to a reward ranging from RMB 3-6 million (\u00a3346,000-692,000).<\/span><\/p>\n

Over the last few years, Shenzhen<\/a> has also laid out a series of provisions to simplify the overall company incorporation process, which includes shortening the time of business license issuance to a few working days and introducing company secretary virtual addresses and dormant company status.\u00a0<\/span><\/p>\n