In order to attract more Hong Kong-owned background companies, the former Hong Kong Authority has heavily invested in the QSEZ. This facilitates Hong Kong-owned companies that qualify for registration to easily expand their business into mainland China. Qianhai is building up a business environment similar to Hong Kong – this includes applying Hong Kong’s legal system for arbitrations, as well as providing cross-border legal consulting.
The Qianhai Special Economic Zone is already home to around a thousand Hong Kong companies with a combined market cap of some 230-billion US Dollars.
QSEZ Lowers the financial threshold by removing the initial capital registration for HK companies therefore allowing your capital to remain liquid.
On formation, a Qianhai WFOE (wholly foreign owned enterprise) normally necessitates an initial investment of 5 million Yuan to be paid up into a capital account, but this can in reality be spread over a 5-10 year period. However, you can get this initial investment waived if you use an existing Hong Kong registered company to set up your WFOE.
QSEZ is open for business to all
According to the former Shanghai Office in control of the QSEZ qualifying business lists, foreign investment is restricted in only a few areas- some financial, IT and other small industries are restricted or reserved.
a QSEZ WFOE can do business within the appropriate business activities allowed by its Chinese business license.
QSEZ fast track registration for Hong Kong business
In order to attract more Hong Kong-owned companies, a streamlining of procedures has taken place to enable a much faster and efficient new or existing business registration process.