Hong Kong Advantages

Low and Predictable Taxes
Hong Kong is well known for its simple and low tax system. There are only three types of income: profits, salaries and property, on which taxes are levied. There is no goods and services tax and only income sourced in Hong Kong is taxable. The tax rate is 17.5% for corporations.

No Foreign Exchange Control
There is no foreign exchange control in Hong Kong. Since 1983, the unit of currency is Hong Kong dollar (HK$) has been pegged to the US dollar at the rate of HK$7.80 to US$1.00. The government imposes no regulations in restricting foreign investment in Hong Kong.

Minimal Customs
Hong Kong levies no customs tariff. Goods imported or exported require minimal customs formalities, hence it is considered a duty-free port. However, it does have domestic consumption taxes applying to some imports such as cars, tobacco, alcoholic beverages, methyl alcohol, and hydrocarbon oil.

International Banking System
Hong Kong is one of the global banking centres with major licensed banks available in the market. It has world class banking facilities and has 74 representatives from the world's 100 largest banks. Banks are independent of the Government, and foreign banks are free to operate with only limited restrictions.

Gateway to Mainland China
Situated at the southern part of China, it takes around 3 hours to fly from Hong Kong to Beijing and less than 2 hours to Shanghai. While travelling to Guangdong province, where many people commute daily across the boundary, needs only an hour or two by train.

With the entry to the World Trade Organisation (WTO), Mainland China is now Hong Kong's largest trading partner. Most international companies involved in China trade choose to have their regional head office in Hong Kong.