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Gateway to China: Why Go Through Hong Kong?

Why should you do business with Hong Kong? Below are the reasons:

Asia’s Most Popular City for International Business

  • Level playing field for all – no foreign ownership restrictions
  • Low, simple and predictable tax regime
  • No tax on off-shore income, capital gains, dividends, estate or sales
  • Rule of law and an independent, experienced judiciary
  • Free movement of capital, talent and goods

Location, Location, Location – “At the heart of Asia’s high-growth economies”

  • Within five hours of half the world’s population
  • Magnet for Asia’s financial, business and trading community
  • Asia’s leading aviation and shipping hub
  • Proven gateway to China’s high-growth markets
  • Part of the fast-growing Guangdong-Hong Kong-Macao Greater Area with unique roles to play
  • Adjacent to China’s fast-growing Pearl River Delta region

Dynamic People – “A ready pool of expertise, enthusiasm and talent”

  • Vast pool of professional talent with extensive global networks and affiliations
  • Multi-lingual workforce – English is the language of business
  • Highly trained, flexible and motivated population
  • Experienced in travelling and working in Mainland China, and throughout the region
  • Familiar with the latest international business practices

Cosmopolitan Lifestyle – “From housing and schooling, to bistros and beaches!”

  • Vibrant and varied expatriate community
  • Choice of housing, from in-town apartments to country houses
  • Nearly three-quarters of Hong Kong is countryside
  • Over 60 international schools from kindergarten to secondary
  • Wide variety of sports and entertainment

Hong Kong a Preferred Entry Point to China for Businesses

  • The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), a China-Hong Kong “free trade agreement”, allows Hong Kong-based companies preferential access to the mainland China market
  • All goods qualified as Hong Kong origin may be exported to China tariff free

Simple and Competitive Tax System

  • Low and stable tax: maximum salaries tax rate 17%, corporate profits tax rate 8.5% for first HK$2million of profits earned and the rest at 16.5%
  • No goods and services tax

One of the World’s Most Competitive Locations

  • Liberal investment regime: Rated the world’s freest economy by the Heritage Foundation for 25 consecutive years in 2019; consistently ranked first by the Fraser Institute in terms of economic freedom
  • Open, outward-oriented economy
  • Free trade, free market, free flow of capital. No foreign exchange controls
  • Foreign talents, professionals and entrepreneurs are welcome

World-Class Infrastructure: Transport and Telecommunications

  • Premier logistics hub and springboard to Mainland China
  • The Hong Kong-Zhuhai-Macao Bridge and the Hong Kong Section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link significantly enhance connectivity between Hong Kong, the Greater Bay Area and mainland China
  • Air, sea and road transportation models are well-developed and interconnected
  • Hong Kong International Airport named "Airport of the Year" by International Airport Review in 2018
  • A leader in information and communications technology
  • Has one of the highest concentration of hotspots and broadband download speed in the world

Leading International Financial Centre

  • Hong Kong is World’s no.1 for Initial Public Officering (IPO) funds raised in 2018 and ranked no.1 for IPO funds raised for six times since 2009
  • Hong Kong is World’s No.2 for financial system by World Economic Forum’s Global Competitiveness Report 2018
  • Linked Exchange Rate System (US dollar peg) serves Hong Kong well as the pillar of monetary and financial stability
  • More than 70 of the world’s top 100 banks operating in Hong Kong

Strong Canada-Hong Kong Ties

  • Hong Kong and Canada signed an Investment Promotion and Protection Agreement in 2016
  • The Canada-Hong Kong Avoidance of Double Taxation Agreement entered into force in 2013. A Memorandum of Understanding on investment promotion co-operation was also renewed in the same year
  • Hong Kong is Canada’s 13th largest merchandise export market in 2018
  • Two Canadian provinces have set up representative offices in Hong Kong: Alberta and British Columbia
  • Six Canadian banks are operating as licensed banks in Hong Kong
  • There are on average around 14-16 (7-8 round trips) direct scheduled flights daily between Hong Kong and Canada

2016-17 Budget
Government Responses to Recent Events
2019 Policy Address Public Consultation
2019 Budget
Support Clean District Council Election
TalentList Hong Kong
Hong Kong's Legal Services
Belt and Road Initiative.Hong Kong
GovHK Responsive Design Launched
Safeguard HK, Security Bureau Mobile App
Hong Kong Welcomes U
Admission Schemes
Higher Education Employment Information e-Platform
Common Wi-Fi Brand
Visit HK Museums
Job Vacancies
Discover Hong Kong - HKTB
Import and Export (General) (Admendment) Regulation
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