Developing Your Business in Asia:

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Welcome to Hong Kong
Developing Your Business in Asia Hong Kong
Perspective
Gus Franklyn-Bute Invest Hong Kong
2

Hong Kongs Enduring Business Advantages
Asias World City
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Hong Kongs Strategic Location Gateway to China
Heart of Asia
New Markets Customers

• Easy access to high-growth economies
• High demand for foreign products services

Benefit of same Time zone

• Managing regional growth from one location

Half the worlds population within five hours
flight time!
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Asias Leading City for International Business
No. 1 in Asia for international companies3,882
regional offices and headquarters
Source 2008 Annual Survey of Companies in Hong
Kong Representing Parent Companies Located
outside Hong Kong, Census Statistics Dept,
HKSARG
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Hong Kong a Leading City Destination in Asia
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International Mix of Visitors
Visitor Arrivals by Country/ Territory of
Residence (2008)
Source HKTB, CSD
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China Opportunities
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Low and Simple Tax System Corporate Tax Cut to
16.5 Income Tax Cut to 15
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Stable, Low Simple Tax System
Forbes Tax Misery Index 2008
Hong Kong 3rd from bottom, score 41.5 Singapore
ten positions higher, score 79.5
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Setting-up a Company is Fast Easy
In under a week and for a few hundred US dollars,
you can set up your business in Hong Kong

• Business Registration - Annual business
  registration certificate costs HK450 (US58) -
  30 mins. to process by person or 2 working days
  by post
• Opening a Bank Account - straightforward and
  transparent. Banks normally require a minimum
  deposit of around HK2,000 (US260)
• Tax - low, simple and predictable tax system
• Choosing Business Premises - a wide choice of
  business premises
• Immigration, Visas Employment - visa-free entry
  for residents from over 170 countries for trips
  ranging from seven to 180 days.
• Licences, Duty Tariffs- no customs tariffs on
  goods imported into Hong Kong apart from a few
  items that are subject to strict import and
  export licensing control. The Government collects
  an excise duty on four types of goods tobacco,
  hydrocarbon oil, spirits and methyl alcohol.

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Hong Kong Gateway to China Heart of Asia
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Invest Hong Kongwww.InvestHK.gov.hk

• The Department for Foreign Direct Investment
• Supporting businesses to set up and expand in
  Hong Kong

• Award-winning Hong Kong SAR Government
  department
• Responsible for attracting, retaining and growing
  overseas investment in Hong Kong.
• Network of 26 overseas offices and sector experts
  in Hong Kong
• Provide free and effective services
• We partner with clients on a long term basis.
  Available to help at any stage of your business
  development strategy.

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Get in touch!
Invest HK London team Adela Liew Gus
Franklyn-Bute 0207 499 9821 www.investhk.gov.hk