Hong Kong S.A.R.
Gateway to China
Hong Kong's business market served as the pioneer to a globalized economy in the Asia Pacific. This gives great power to all businesses in the Mainland market that are looking forward to extend their businesses globally. Hong Kong is definitely your best gateway to China.
Traveling from Hong Kong to Mainland China only takes 60 minutes – in less than a movie's time. With its easy access to Mainland China, that also makes Hong Kong the best entry point to conducting businesses.
Since Pearl River Delta (the China's southern region) is the largest manufacturing region in the world through its low-cost manufacturing and world-class factories; it has also become the fastest growing region in China as it held accountable for 10% of China's GDP. As the companies' management skills, business infrastructure, and professional service sector have yet been developed, a business setup in Hong Kong makes the best partner for many corporations in Mainland China. Their management skills, business infrastructure, and professional service sector have yet been developed. This encourages businesses in Hong Kong to reach out to many corporations in Mainland China.
The major industries of the export market in china includes:
Garments and textiles, toys, electronic goods, footwear, electrical components, plastic products, watches and clocks, etc.
International Business Environment
With the heritage of being a British Colonies hundred years ago, Hong Kong offers many bilingual business environments as English and Chinese are the official languages.
In addition, Hong Kong has been ranked as the freest economy for over ten years due to its free-trade policies and no foreign ownership restrictions. Liberal, free market principles, and political stability are some of the key elements and benefits on conducting business in Hong Kong freely.
Regional Headquarters in Asia Pacific
In 2009, there were 1,252 regional headquarters and 2,328 regional offices in Hong Kong. (Source: 2009 Annual Survey, Hong Kong SAR Government's Census & Statistics Department) The European Union market also held accountable for 13% of Hong Kong's exports and 20% of Mainland China's exports.
Hong Kong is located in the heart of Asia Pacific with 4 hours by flight to any part of the Asia's key markets such as China, Japan, Taiwan, Korea, Singapore, Indonesia, etc.
Low and Simple Tax System
If you are thinking of exporting goods to Hong Kong, no customs tariffs on goods will be collected. Hong Kong ranked the 3rd for its low and simple tax system in the world. (Profit Tax at 16.5%; Salary Tax at 15%; No Valued-Added tax, sales tax, capital gains tax, dividends tax)