The Peoples’ Republic of China (PRC, China, or Mainland China) is the second largest economy in the world after the United States and is the world’s fastest-growing major economy, with growth rates av…
Hong Kong as a Base for Doing Business in Mainland China
In Brief
- Hong Kong has become a conduit to funnel capital, high-caliber talent, and technology into China from all over the world, while also introducing China’s enterprises, products, and services to the global market.
- There are several advantages to using Hong Kong as a base for doing business in China, including Hong Kong’s robust legal system, simple tax regime, quality manpower, and proximity to China, among others.
- There are also benefits to using a Hong Kong holding company, including the fact that any transfer of shareholding at the holding company level will not require approval by the Chinese government, among others.
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