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  Home > Business Guide
Business in Hong Kong
Time£º2014-1-9      hits£º843

Being both the gateway to South China and the sea-routes nexus of Asia and the world, Hong Kong enjoys its unique geographic advantage. As an international finance and business centre, Hong Kong has been elected as the freest trade district for consecutive ten years, by Forbes. Against the backdrop of economic globalization, Hong Kong has become the springboard for Chinese investors to the outside world and vice versa.

Business Environment

Being the centre of Asia, Hong Kong is also known as the most internationalized city in Asia. It is always a dynamic metropolis known for its cultural mix of east and west. As the freest economy in the world, Hong Kong has a sound legal system, free flow of capital, a simple and clear tax system, low tax rates and complete infrastructure, in short, providing a business environment of fair competition for investors both home and abroad.

Diplomacy

As at 1.10.2011, there are 59 Consulates-General, 62 Consulates and 5 Officially Recognised Bodies in Hong Kong.

Legal System

The legal system in Hong Kong is based on common law and is supplemented by the local laws. The legal system of Hong Kong exercises the principle of judicial independence. The law officers are not influenced by the administrative organ of the government or the legislature when performing their duties.

Tax System

For more information on corporate taxes, refer to Hong Kong Taxation.

Exchange Control

There are no exchange controls in Hong Kong, and the foreign exchange market is developed with active trading. In addition, Hong Kong is the sixth largest foreign exchange trading centre, with a state-of-art foreign exchange clearing system.

Financial Market

Banking Services

Transportation

Hong Kong has an extensive transportation network comprising the airport, railways, highways, container terminals, inland terminal depots and trans-boundary transportations. The complete transportation infrastructures closely connect Hong Kong and mainland China to the world, which contributes to the development of trade and logistics.

Company Incorporation

Most companies in Hong Kong are limited companies, where the shareholders assume the limited liabilities proportionate to their subscribed equities, and the standard capital requirement is 10,000 Hong Kong dollars.

For more information on Company Incorporation, refer to Hong Kong Company Incorporation.

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