The Top 10 Reason Why Invest at Hong Kong

8/8/2019 The Top 10 Reason Why Invest at Hong Kong

1/12

Top 10 Reasons to Invest in Hong Kong


2/12

25/F, Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong

Tel: (852) 3107 1000 Fax: (852) 3107 9007

E-mail: [email protected] Website: www.investhk.gov.hk

Hong Kongs international business environment, strategic location,

dynamic people and cosmopolitan lifestyle will help make your

business in Hong Kong a success, and an integral component of your

overseas operations.

InvestHK is the award-winning department of the Hong Kong SAR

Government responsible for supporting overseas, Mainland and

Taiwanese companies to set-up and expand in Hong Kong. We have

offices in 27 business cities worldwide and industry specialists based

in our Hong Kong headquarters.

Every year hundreds of small and large companies use InvestHKs free

and confidential services to help build their businesses. Our clientstell us these are the top 10 reasons why they chose to invest in Hong

Kong.

Please get in touch to find out how InvestHK can help your business

succeed in Hong Kong:

E-mail: [email protected]

Website: www.investhk.gov.hk


3/12

Strategically located at the heart of Asia

Hong Kong is positioned at the gateway to China and the Pearl River

Delta the factory of the world. All Asias key markets are within

3-4 hours flight time and half the worlds population is within 5 hours

flight time.


4/12

Gateway to Mainland China

For more than 150 years, Hong Kong has been the preferred entry point

to Mainland China for businesses. The Closer Economic Partnership

Arrangement (CEPA), a free trade agreement between the Central

Peoples Government and the Government of the Hong Kong SpecialAdministrative Region, allows any Hong Kong company, regardless of

nationality, preferential access to the Mainland China market. All goods

qualified as Hong Kong origin may be exported to the Mainland tariff

free. Moreover, Hong Kong service suppliers in 42 areas are eligible to

receive preferential treatment in providing services in the Mainland.


5/12

Low and simple tax system

From a tax standpoint, Hong Kong is one of the best places to live in

the world. It has the lowest tax misery in Asia Pacific (3rd lowest in

the world), 37 points less than Singapores and 117.5 points less than

Mainland Chinas, according to the Forbes Tax Misery Index 2009. Profittax is a maximum 16.5% and salary tax is a maximum 15%. The city has

no goods and services levy and does not tax offshore income, dividends,

interest, capital gains or inheritance income. And the duty on both wine

and beer is zero.


6/12

A stable and efficient pro-business environment

Hong Kong has the second best opacity in the world after Finland

(source: 2009 Opacity Index, Milken Institute). The Opacity Index

measures high-frequency, low-impact risks: corruption, legal system,

efficiency, economic and enforcement policies which indicate poorlyfunctioning governments and increased cost of doing business and

business risk. Hong Kong has a clean pro-business government, an

independent legal system and practices free market principles.


7/12

Worlds freest economy

Hong Kong enjoys free flow of capital, talent, information and goods

and services. The city has been ranked the Worlds Freest Economy for

over a decade (sources: Heritage Foundation/Wall Street Journal and

Fraser Institute).


8/12

One of the worlds most competitive locations

Hong Kong is ranked the second most competitive location in the world

(source: IMD World Competitiveness Scoreboard 2009). Hong Kong

ranked first in business efficiency, second in government efficiency and

third in economic performance.


9/12

World-class infrastructure: transport and

telecommunications

Hong Kong International Airport (HKIA) is one of the worlds top

international airports and the worlds fifth busiest international

passenger airport, handling nearly 50 million passengers in 2008. Over

85 airlines operate out of HKIA, linking Hong Kong to more than

155 worldwide locations. HKIA was the worlds busiest international

cargo airport for the 12th consecutive year (source: Airport Council

International). Hong Kong has one of the worlds busiest container

ports. Hong Kong has been ranked as one of the most e-ready

economies in the world (source: Economist Intelligence Unit). Hong

Kongs telecommunications sector is fully privatised and has one of the

highest mobile penetration rates in the world.


10/12

A leading international financial centre

Hong Kong is Chinas international financial capital and one of the

most competitive financial centres in Asia (source: The Global Financial

Centres Index, March 2009, City of London Corporation). Hong Kong

ranks first in Asia and second in the world in terms of access to capital:Its general financial environment is among the worlds best, with a

sound banking system, a relatively large equity market and diversified

sources of business funding, including venture capital. (source: Capital

Access Index 2008, Milken Institute)


11/12

Efficient, productive, skilled and multi-lingual

workforce

Hong Kong people have an essential mix of international market savvy,

combined with an appreciation of the business culture in the fast-

growing Mainland China cities and across Asia. English is the usual

language of business and contracts are written and executed in English.

Many people in Hong Kong speak English, Cantonese and Putonghua.

Hong Kong thrives on its strong work ethic and can-do attitude,

industrial action is extremely rare. Hong Kong has liberal immigration

policies.


12/12

Asias most popular city for international

business, with a cosmopolitan lifestyle

and vibrant expatriate community

The city has a wide array of shops, bars and restaurants catering for allinternational cuisines. Over 40% of Hong Kong is made up of protected

country parks, comprising mountain tracks and un-spoilt views over

turquoise seas and isolated islands. There is a wide variety of sports

and activities. Spouses have the right to work and there are over 50

international schools for all age levels. Hong Kong has a high quality

public and private healthcare and a crime rate which is the envy of cities

worldwide, creating a comfortable living environment for families.

Documents

The Top 10 Reason Why Invest at Hong Kong