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Why Hong Kong?

Hong Kong is one of the leading business centers. According to the Ease of Doing Business Report and Global Competitive Index Survey, Hong Kong has one of the most competitive economies in the world. This explains why so many new businesses are incorporated each and every day.

Apart from having a competitive economy, businesses choose Hong Kong for several valid reasons including the following:

1. Strategic Location

Hong Kong is located in the heart of Asia; the southeast coast of China. It is just about an hour drive from Pearl River Delta, where you can gain access to over 450 million potential consumers. With the city’s prime location, you can also easily access other growing Asian markets.

2. Solid Transportation

Hong Kong’s international passenger and cargo airport is considered the busiest in Asia. It is well-developed and affordable.

Moreover, other transportation links via road, rail, and sea are accessible and well developed.

3. Politically Stable

Hong Kong enjoys a high degree of autonomy from China in economical, judicial, and political affairs. The jurisdiction has free market principles and pro-business governance.

Hong Kong’s Independent Commission Against Corruption (ICAC) protects private and public sector from corruption.

4. Business Support

The Hong Kong government supports small and medium enterprises by designing competent programs to fund and improve businesses.

Some of these programs include The Hong Kong Productivity Council, Support and Consultation Centre for SME’s, and Government Funding Schemes.

5. Taxes

Unlike other jurisdictions in Asia Pacific, Hong Kong has a very generous tax regime. Corporate profits are taxed at 16.5% and personal income is taxed at 15%. There is no dividends tax, no capital gains tax, no sales tax and no tax on offshore income earned abroad. Forbes’ Tax Misery index ranked Hong Kong as the 3rd lowest tax misery in the World.

6. Work Force

The City takes pride in its productive and well-versed workforce. Hong Kong employees are well educated and trained in both international and Chinese business culture.

7. Ease of Doing Business

More and more foreign investors are realizing the opportunities and benefits of setting up their businesses in Hong Kong.

You are only a few simple steps away from setting up your company in this city. The business registration only takes 1-5 work days.

Anyone of any nationality and residency can set up a business in Hong Kong as long as they have at least one director and one shareholder to represent the company.