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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
  • Adjacent to China’s fast-growing Pearl River Delta region


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

  • 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
  • Strong work ethnic – industrial action extremely rare


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
  • 50 international schools from kindergarten to secondary
  • Wide variety of sports and entertainment


Hong Kong a Preferred Entry Point to China for Businesses

  • CEPA, a China-Hong Kong free trade agreement, allows local companies preferential access to the 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 15%, corporate profits tax rate 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 22 consecutive years in 2016; 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
  • Air, sea and road transportation models are well-developed and interconnected
  • Hong Kong International Airport named "Airport of the Year" by Air Transport World in 2016
  • A leader in information and communications technology
  • Has one of the highest concentration of hotspots in the world. Its broadband download speed is also the highest in the world


Leading International Financial Centre

  • Hong Kong has been in the world’s top five in IPO fundraising every year since 2002
  • 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 eighth largest merchandise export market in 2015
  • Three Canadian provinces have set up representative offices in Hong Kong: Alberta, British Columbia and Quebec
  • Five Canadian banks are operating as licensed banks in Hong Kong
  • Seven Canadian or Canadian-controlled insurance companies are authorised to operate in Hong Kong
  • There are on average 12 (6 round trips) direct scheduled flights daily between Hong Kong and Canada





2016-17 Budget
Speeches
The Chief Executive's 2018 Policy Address
2019 Budget
TalentList Hong Kong
Hong Kong's Legal Services
Belt and Road Initiative.Hong Kong
GovHK Responsive Design Launched
www.brandhk.gov.hk
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
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newsgovhk
Job Vacancies
CEPA
Discover Hong Kong - HKTB
Import and Export (General) (Admendment) Regulation
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