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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





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