Doing Business in Hong Kong
Hong Kong is one of the most open, externally orientated economies in the world, built on free enterprise and free trade. It has been rated as the world’s freest economy by the Heritage Foundation of the United States annually since 1995; and by the Cato Institute/Fraser Institute since 1996.
Hong Kong’s proximity to, and close and unique relationship with, Mainland China, has made it the gateway to Mainland China for business for more than 150 years.
Advantages of Hong Kong Companies
Hong Kong has been voted the freest economy in the world for the 16th consecutive year. Companies established here enjoy a simple and low tax system, minimum administrative procedures, free flow of capital and information, a solid banking system, the rule of law, fantastic infrastructure and communication tools -- combined with a dynamic and efficient workforce.
Hong Kong is world renowned for its simple and low tax regime, making it one of the most business-friendly jurisdictions in the world. The tax structure of Hong Kong is relatively straightforward compared with some of the more complex systems used in other countries in the world. There are two main revenue legislations in Hong Kong: