Going north is not only about entertainment consumption, but also about Hong Kong businessmen s entr

Mondo Finance Updated on 2024-02-26

Northbound consumption has become the new normal of Hong Kong people's consumption, surging and the cross-border economy is rapidly improving, becoming a key market growth point for the Greater Bay Area city agglomeration. In particular, Shenzhen, where many commercial projects are planned and built, and the opening of new shopping malls has surged, seizing business opportunities in the consumer market and increasing its competitiveness.

In line with the trend of the development and construction of the Greater Bay Area, the Bay Area Culture Media Group was established【Enterprise Bay Area Entrepreneurship Dreams】The workshop attracted nearly 30 Hong Kong businessmen. The event invited guests to analyze the business opportunities in Hong Kong and Shenzhen for Hong Kong people and businesses, sort out the latest Shenzhen entrepreneurship subsidy support policies, explain the detailed steps to settle in the Bay Area, and help Hong Kong companies use digital platforms to achieve resource matching. Grasp the development trends from the aspects of environment, conditions and digital, prudently settle down, and jointly promote the development process of the Greater Bay Area.

Editor: Li Pei, founding chairman of the Guangdong-Hong Kong-Macao Greater Bay Area Youth Association, said that Hong Kong's structural transformation is difficult, and the consumer market has been difficult to compete with Bay Area cities in recent years. He himself broke into the Greater Bay Area 5 years ago and chose Shenzhen Bao'an to land for development, because he has the identity of a Hong Kong person, and meets the Hong Kong and Macao elements of the district's policies, and the operating costs have been greatly reduced. He appealed to those who are interested in developing in the Bay Area to carefully understand the characteristics of the market, policy subsidies and other conditions, and use the identity of Hong Kong and Macao to take advantage of the trend in order to achieve steady development.

Editor: Mr. Xing Xiaobo, an expert in entrepreneurship guidance in Bao'an District, Human Resources Bureau of Bao'an District, Shenzhen, introduced the current entrepreneurship subsidy support policies in Shenzhen one by one, including details of start-up subsidies, start-up venue subsidies, start-up employment subsidies and start-up guarantee loans, etc., to encourage Hong Kong and Macao people to develop in the Greater Bay Area, enjoy subsidies and subsidies, and jointly promote the economic development of the Bay Area.

Editor: Ms. Lung Shumin, Executive Director of Bay Area Culture Media Group, as a "blind bamboo in the Greater Bay Area" for Hong Kong people and Hong Kong enterprises to start their own businesses in the Greater Bay Area, explained the detailed steps of Hong Kong companies to settle in the Greater Bay Area in one stop, helped the participants understand how to register a company in the Mainland, and reminded Hong Kong companies to pay more attention to the differences between the Mainland and Hong Kong, including laws and regulations on social security, taxation, employment contracts, etc. Successful examples of different industries, including beauty and retail, food and beverage, cultural and creative advertising, freight and logistics, etc., were also shared, so that the participants could gain an in-depth understanding of the success stories of different types of industries.

Long Shumin added that at the beginning of the registration of the company, it is necessary to clarify whether it is a small-scale taxpayer company or a general taxpayer company, because it will affect the tax rate of the company when issuing invoices, and the new policy of registering the company has been introduced, and the registered capital of the company in the past is 20 years to pay, and the registered capital of the company will be changed to 5 years from July 1, 2024 this year, and there is no longer social security subsidy support in the new policy, and the policy has been amended from time to time. She suggested that Hong Kong companies should pay more attention to policy changes and seize the best preferential opportunities to reduce business resistance.

Editor: Mr. Liang Deyu, Co-founder of Digital Easy Information Technology Consultants (Shenzhen)** and Chief Project Manager of GBAeasy, shared the difficulties he encountered in the entrepreneurial journey in the Greater Bay Area, and thus came up with the idea of developing GBAeasy (GBAeasy), an entrepreneurial system in the Greater Bay Area. Now that GbaEasy is running smoothly, he hopes that the platform can provide Hong Kong companies with comprehensive information and help clarify a series of steps to settle in the Bay Area. He described the system as the most grounded, one-stop and Hong Kong-oriented start-up platform for Hong Kong enterprises in the market, and he demonstrated how to use the GBA to handle mainland companies and how to make other service enquiries. He revealed that the platform has already negotiated with mainland units and enterprises, and will soon be able to directly connect with the mainland and match resources on its own.

The editorial activities were well received and Hong Kong companies were enthusiastic about their development, and their concerns about licensing and local tax systems were raised from time to time during the editing activities. Chen Sheng, who is engaged in the logistics industry, is more concerned about the relationship between Shenzhen's subsidy policy and Hong Kong's bud**, and knows that there is no conflict between the two, and he is more confident in the investment of funds. Another Lin Sheng asked about the definition criteria for small-scale taxpayer companies and general taxpayer companies. Miss Long Shumin replied that the former annual turnover is less than 5 million, and the latter is the difference between more than 5 million, and when setting up a company, you must be clear about the business scope of the enterprise and understand the type you belong to, otherwise it will affect the issuance of invoices and business transactions.

Another participant was very interested in the Bay Area Easy platform, and asked what are the pain points that the platform can best solve during the consultation session? In addition to providing all relevant information, the platform also allows members to bury all the information of mainland companies in the system, and regularly remind you of the application for various subsidies, when to pay social security, tax returns, etc.

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