Ministry Of Commerce: Make Every Effort To Stabilize Foreign Trade And Make A Good Start.

Vice Minister of Commerce

Recently, in Guangzhou, chaired the Forum on implementing the policy of stabilizing foreign trade to the good, and conveyed the spirit of the 130th executive meeting of the State Council, and preached the relevant policies to promote the stabilization of foreign trade.

He said that the current foreign trade situation is grim and complicated, but the fundamentals of China's foreign trade have not changed for a long time.

Qian Keming said that foreign trade is an important part and driving force of the national economy, and it is of great significance to maintain a stable operation and upgrade the development of foreign trade.

Promotion of the 130th executive meeting of the State Council

Stabilizing policies and measures, paying more attention to persisting in problem orientation, and paying more attention to the pfer of processing trade to the central and Western Regions

Policy, pay more attention to structural adjustment of foreign trade, and pay more attention to encouraging innovation.

Qian Keming demanded that all localities should start from five aspects: strengthening organization and leadership, paying close attention to the landing of policies, and introducing supporting measures, focusing on optimizing the environment, encouraging innovation and development, and promoting typical experience. With the spirit of not waiting for time and the style of grasping iron, we should do our best to tackle the tough battle of stabilizing foreign trade and achieve the goal of stabilizing foreign trade in the whole year.

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Because of the special historical conditions and geographical position of Hongkong, it has created favorable conditions for the outward development of the mainland enterprises. Therefore, the establishment of a company in Hongkong can be used as a window for foreign cooperation.

On the other hand, as China has just opened up, overseas investors like to set their regional headquarters in Hongkong as a springboard to invest in China.

At the same time, China can enjoy preferential policies for tax relief and exemption from foreign enterprises.

We all like to choose to register Hongkong company. What is the difference between this company and the registered mainland company?

The registered capital of mainland companies needs to be verified. Nowadays, the registered capital of general trading companies is 500 thousand, if the company wishing to register import and export rights is 1 million higher.

The registered capital of Hongkong company is at least 10 thousand HKD, and no capital verification is in place.

The mainland company needs a fixed office address. The Hongkong office does not need to have a practical office address in Hongkong. The registered address is only to contact the government.

On the tax treatment, the mainland company has to declare tax every month, with profit, income tax, value-added tax and business tax.

Hongkong company has no VAT and business tax, only profits tax is equivalent to domestic income tax. Its tax rate is 17 .5%. And if your business is in line with overseas profits, you can apply for tax exemption, so that you can not pay tax after filing tax.

The tax reporting period in Hongkong is very long. First tax returns are reported in 18 months after the establishment of the company, and 1 times in 1.

This is also the biggest difference between Hongkong and mainland enterprises. Many friends use the Hongkong company is also looking at this.

Mainland enterprises can apply for domestic import and export rights. Hongkong companies are unable to solve the import and export rights of foreign companies.

After the establishment of the Hongkong company, it is still necessary to find the domestic agent export. However, the payment will no longer be written off to the mainland company, but it will be pferred to the Hongkong company for the first time, and then pferred to the agent company to control the funds.

If it is just beginning to operate foreign trade, it can register Hongkong company, because at the bottom of the threshold, it can set up offshore accounts, and it will be convenient to use foreign exchange remittance later.

If the volume of business is large, we can reconsider the registration of domestic import and export rights, and the two companies will work together to solve different problems.