China Gateway - Hong Kong

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Hong Kong Economic & Trade Office (Canada)

About Hong Kong Economic & Trade Office (Canada) 

Gateway to China:  Why Go Through Hong Kong

 

Gateway to China: Why Go Through Hong Kong?

Why should you do business with Hong Kong? Below are the reasons:

Asia’s Most Popular City for International Business

  • Level playing field for all – no foreign ownership restrictions
  • Low, simple and predictable tax regime
  • No tax on off-shore income, capital gains, dividends, estate or sales
  • Rule of law and an independent, experienced judiciary
  • Free movement of capital, talent and goods

Location, Location, Location – “At the heart of Asia’s high-growth economies”

  • Within five hours of half the world’s population
  • Magnet for Asia’s financial, business and trading community
  • Asia’s leading aviation and shipping hub
  • Proven gateway to China’s high-growth markets
  • Adjacent to China’s fast-growing Pearl River Delta region

Dynamic People – “A ready pool of expertise, enthusiasm and talent”

  • Multi-lingual workforce – English is the language of business
  • Highly trained, flexible and motivated population
  • Experienced in travelling and working in Mainland China, and throughout the region
  • Familiar with the latest international business practices
  • Strong work ethnic – industrial action extremely rare

Cosmopolitan Lifestyle – “From housing and schooling, to bistros and beaches!”

  • Vibrant and varied expatriate community
  • Choice of housing, from in-town apartments to country houses
  • Over 40% of Hong Kong is protected country parks
  • Over 50 international schools from kindergarten to secondary
  • Wide variety of sports and entertainment

Hong Kong a Preferred Entry Point to China for Businesses

  • CEPA, a China-Hong Kong free trade agreement, allows local companies preferential access to the China market
  • All goods qualified as Hong Kong origin may be exported to China tariff free.

Simple and Competitive Tax System

  • Lowest tax rate in Asia Pacific (3rd lowest in the world).
  • Maximum profits tax rate is 16.5%, while maximum salary tax rate is 15%
  • No goods and services tax
  • Zero duty on both wine and beer

One of the World’s Most Competitive Locations

  • Ranked the 3rd most competitive location in the world (source: IMD World Competitiveness Scoreboard).
  • Ranked 1st in business efficiency
  • Ranked 2nd in government efficiency
  • Ranked 5th in economic performance

World Class Infrastructure: Transport and Telecommunications

  • Hong Kong International Airport (HKIA) is named the world’s best airport and enjoys a 5 star ranking (source: Skytrax World Airport Awards 2008).
  • Ranked as one of the most e-ready economies in the world, sitting behind the U.S. (source: Economist Intelligence Unit)
  • Fully privatised telecommunications sector
  • Enjoy highest mobile penetration in the world

Leading International Financial Centre

  • Hong Kong is China’s international financial capital
  • the most competitive financial centre in Asia (source: The Global Financial Centres Index, City of London Corporation)
  • Ranked 2nd in the world in terms of access to capital (source: Capital Access Index 2008, Milken Institute).

Strong Canada-Hong Kong Ties

  • Home to more than 160 Canadian companies – a third of which use Hong Kong as their regional headquarters
  • More than 250,000 Canadian passport holders in Hong Kong
  • Presence of two Canadian provincial government offices in Hong Kong – the Government of Alberta Office (mainly handles trade and investment matters) and the Service d’Immigration du Quebec.
  • Non-profit Canadian Education Centre operates independently of government.
  • Over 100,000 Canadian university alumni representing various active alumni associations in Hong Kong
  • More than 50 international schools in Hong Kong offer curricula including German-Swiss, French, Australian, Singaporean, Korean and Chinese
  • 200 research projects conducted between institutions in Canada and Hong Kong’s higher education sector

 

Canada Business delegation visiting Hong Kong to explore business opportunties