How to benefit from CEPA
Manufacturers in Hong Kong:
All goods manufactured in Hong Kong that meet the CEPA rules of origin (ROO) can enjoy zero tariff benefit upon importation into the Mainland.
Service suppliers in Hong Kong (enterprises and individuals):
Hong Kong service suppliers can make use of the liberalisation and facilitation measures to supply services in most sectors in the Mainland.
Professionals in Hong Kong:
Hong Kong professionals may make use of measures such as opening up the Mainland professional qualification examinations, mutual recognition of professional qualifications, facilitating registration and practice, etc. to enter the Mainland market.
Investors from Hong Kong:
Hong Kong investors can enjoy facilitation measures in investing in the Mainland and their investments are better protected, including the availability of a specified mechanism for settlement of investment disputes.
Investors from outside Hong Kong:
CEPA does not impose restriction over the source of capital of beneficiaries. For trade in goods, investors from outside Hong Kong can set up production lines in Hong Kong to produce goods that meet the CEPA ROO so as to enjoy zero tariff benefit on importation into the Mainland. For trade in services, the companies incorporated and set up in Hong Kong by investors from outside Hong Kong can make use of the CEPA measures to start a business in the Mainland, provided that they satisfy the eligibility criteria of Hong Kong Service Supplier stipulated under CEPA.
The business community of Hong Kong:
The Mainland and Hong Kong have been strengthening cooperation in various trade and investment facilitation areas to enhance the competitiveness of the two places. Cooperation in the economic and trade aspects of the “Belt and Road” Initiative and Sub-regional Cooperation also provide Hong Kong businesses with good opportunities for participation in the national development strategies.
Below we also give a brief idea about some of the business licenses in Hong Kong.
Applying for a restaurant license in Hong Kong
This is handled by the Food and Environmental Hygiene Department of the Hong Kong Government, which has set-up a resource centre providing all the necessary information on restaurant licensing including the requirements from the Buildings, Fire Services, and Environmental departments.
Applying for import/export license in Hong Kong
Depending on your company’s business activities, the control authority granting the import/export license in Hong Kong varies. In general though, Hong Kong follows a free trade policy. This means that it has a free port status, and follows easy customs procedures. Also, no tariff is charged on import/export of goods. The licensing requirement is just to fulfil Hong Kong’s obligations to its trading partners, and to meet certain safety, health and security needs.
Applying for a telecommunications license in Hong Kong
This is handled by the Communications Authority (CA) of the Hong Kong Government, and all licenses are granted as per the Section 7(9) of the Register of Licences and General Conditions, as published by the CA in its Gazette. These licenses may be for a Telecom Carrier, Localised Wireless Broadband, Wireless Internet of Things, Public Radio, Services-based Operations, and Class Licences.
Applying for a money service operator license in Hong Kong
This is handled by the Customs and Excise Department of the Hong Kong Government, which operates the Money Service Operators Licensing System (MSOS), providing comprehensive electronic services. These include grant/renewal of money service operator licence, changing the directors/ultimate owners/partners or new business premises, submission of periodic returns, and searching the register of licensees.
Applying for a residential care home license in Hong Kong
All residential care homes for the elderly in Hong Kong must be licensed, according to the Residential Care Homes (Elderly Persons) Ordinance (Chapter 459, Laws of Hong Kong) (the Ordinance) and the Residential Care Homes (Elderly Persons) Regulation (Chapter 459 Subsidiary Legislation). This is administered by the Director of Social Welfare, which ensure acceptable standards of services for the elderly in Hong Kong.
Applying for environmental permits and licences in Hong Kong
In Hong Kong, there are several environment protection ordinances you should be aware of, before starting your business. Even more so, if your business involved any of the controlled activities, in which case you have to apply for an environmental permit or licence. Right now, the following legislations related to environmental protection and pollution control are in place in in Hong Kong: Air Pollution Control Ordinance, Ozone Layer Protection Ordinance, Water Pollution Control Ordinance, Waste Disposal Ordinance, Dumping at Sea Ordinance, Noise Control Ordinance, Environmental Impact Assessment Ordinance, Hazardous Chemicals Control Ordinance, and Product Eco-responsibility Ordinance.