Why Hong Kong Is A Great Place To Do Business

Hong Kong has long been considered the gateway to Asia and stands today as a major player in the Asia-Pacific region’s commercial undertakings. It’s natural that forward-thinking entrepreneurs are excited to establish their presence in that massive marketplace, which makes Hong Kong a logical choice as a preferred location for doing business. The city also holds an enviable position at the mouth of the Pearl River Delta, a huge and profitable economic zone that continues to grow.

Hong Kong’s highly strategic location coupled with its business-friendly policies encourages new businesses to establish themselves there, and maintaining their ongoing presence is a simple process thanks to the simplicity of business registration renewal in Hong Kong. The city is a continuing success story, but let’s take a closer look at what makes Hong Kong so desirable as a place to do business in!

Access To The Chinese Market – China has taken its place on the world stage as an economic giant, its massive population is always eager to make and spend money! When you incorporate your company in Hong Kong you are also tapped into China’s lucrative markets. If you are manufacturing goods in Hong Kong you can enjoy tariff-free exports to China thanks to the CEPA (Closer Economic Partnership Arrangement) free trade agreement. Hong Kong is your pathway to enjoying nearly unlimited access to the ever-expanding Chinese market.

Dynamic Economy Built On Free Trade – Hong Kong’s economy is highly dynamic because it is based in solid principles of free trade and a free market ideology. You can operate any kind of a business you desire in the city if it falls with the legal framework and adheres to the very open-minded local regulations. Some of the features that make Hong Kong so attractive when compared to competing Asian markets, are the fact that there are no foreign exchange controls applied, which allows you to convert the Hong Kong dollar freely, there are zero restrictions placed on investments inward and outward, and the government imposes no restrictions on companies having foreign ownership! Hong Kong consistently ranks near the top of the World Bank’s Ease Of Doing Business yearly assessments.

Ease Of Registration – Another major enticement that draws entrepreneurs to set up companies in Hong Kong is the unsurpassed ease of registering their business. The process is almost unbelievably simple and inexpensive when compared with the stern and pricey demands of other Asian markets! The entire process can be accomplished in under a week, and there aren’t any minimum shareholding requirements to contend with.

Government Support – The Hong Kong government is very supportive when it comes to growing and improving your business, understanding that it is in their best interests in terms of upholding their business-friendly reputation, and keeping the city’s commercial activities growing and bringing in more profits that are beneficial to everyone. 

Here in the 21st century Hong Kong proudly retains its age-old status as being the gateway to Asian markets and a central player in the region’s commerce. Hong Kong is simply a great place to do business!