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