Hong Kong’s strategic and ideal location for accessibility to most of the Asia-Pacific markets, makes it a popular jurisdiction for international business players. In addition, the Hong Kong International Airport is one of the busiest airports in the world. No matter what your business model is, Hong Kong’s essential advantages speak for themselves.
1. WORLD CLASS BUSINESS CENTRE
Hong Kong is long known as one of Asia’s most prominent international financial centres. With a wealth of international business experience due to its open and internationally focused economic growth, Hong Kong offers a wide range of quality business and legal services. Businessmen exploring their international business options via Hong Kong will find that the island serves as a good supporting platform where capital, procurement, logistical services, management expertise and quality assurance are concerned.
2. CHINA EXPERIENCE AND NETWORKS
If you wish to explore mainland China, Hong Kong is the best jurisdiction and gateway. With the signing of the Closer Economic Partnership Agreement (CEPA) between mainland China and Hong Kong, trade and investment cooperation between the two has strengthened considerably. In addition, it also promotes trade and investment facilitation of both regions by reducing the tariff and non-tariff barriers on all trade in goods.
With CEPA in place, Hong Kong-based companies enjoy faster and easier access to mainland China.
3. EFFICIENT SOURCING, SELLING AND DISTRIBUTION CENTRE
Hong Kong is also known to have Asia’s best international trade fairs’ centre. Every year, more than 50 international fairs and events are held, which attracts participation from exhibitors and buyers the world over.
With China’s relentless economic growth, Hong Kong is the place to be for international business players to source for products or explore new opportunities in China as Hong Kong’s business-friendly environment offers an easy route into Asia’s number one economy.
4. FREE FLOWS OF CAPITAL AND GOODS
Free flow of trade, capital and information are essential factors for a business to succeed and Hong Kong incorporates all these benefits. Goods that go in and out from Hong Kong are tax free. The Hong Kong dollar is also easily convertible throughout the world.
Due to its business infrastructure, it is also one of the world’s busiest sea and air cargo hubs. According to reports from major economists, more than 30% of exports from China (in value) pass through Hong Kong.
5. INTERNATIONAL BUSINESS COMMUNITY
English is widely used and spoken in business in addition to Cantonese. Hong Kong has an open and transparent legal system with world-class business institutions in place, hence making it a sophisticated location for companies of all sizes of companies to use as a platform to venture into international business.