4 July 2018
Can Hong Kong investors set up elderly care facilities in Guangdong?
In a move intended to reform the local elderly care services sector, Guangdong’s Provincial Government recently set about making it easier for external investors to enter the market. This has seen overseas investors incentivised to establish profit / non-profit elderly care facilities, while Hong Kong-based institutional or individual investors can now operate elderly care facilities in Guangdong on a wholly-owned, equity joint-venture or contractual joint-venture basis. Interested investors should apply to the appropriate local county-level government registration department or, in the case of cities at or above the prefectural level that are not divided into administrative sub-districts, to the relevant registration department of the municipal government.
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