in entering into
the Greater Bay Area
The Guangdong-Hong Kong-
Macao Greater Bay Area
(“Greater Bay Area”)
The development of the Greater Bay Area is accorded the status of key strategic planning in the country‘s development blueprint, having great significance in the country‘s implementation of innovation-driven development and commitment to reform and opening-up. The objectives are to further deepen cooperation amongst Guangdong, Hong Kong and Macao, fully leverage the composite advantages of the three places, facilitate in-depth integration within the region, and promote coordinated regional economic development, with a view to developing an international first-class bay area ideal for living, working and travelling.
The Greater Bay Area comprises the 2 Special Administrative Regions of Hong Kong and Macao, and the 9 municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. The total area is around 56,000 km2. At end 2019, the total population is over 72 million, the GDP is USD 1,679.5 billion and GDP per capita is USD 23,371.
Map of the Greater Bay Area
Joining hands with professional teams based in the Greater Bay Area, our company assists Hong Kong companies in entering into the Greater Bay Area by providing various services：
• Understanding the law & order and business environment
• Setting up & registering a company
• Getting connected with service providers, such as accountants, lawyers, telecommunication and internet providers, recruitment agencies, and property agencies, etc.
• Opening a company bank account
After setting up a company in Mainland China (including the Greater China Bay), a Hong Kong registered company can apply for BUD Fund offered by the HKSAR Government for expanding its business in the Greater China Bay and across Mainland China.
The applicant must provide documentary evidence proving its direct investment relationship with the Mainland entity. The applicant would be considered as having a direct investment relationship with the Mainland entity and thus eligible if it meets one of the following criteria：
(A) The applicant holds more than 50% shareholding of the Mainland entity; or
(B) One individual shareholder (natural person) with at least 30% shareholding of the applicant holds more than 50% of the shareholding of the Mainland entity; or
(C) The applicant and the Mainland entity are 100% held by the same group of shareholders (natural person).