Key Facts: HONG KONG
Advantages of doing business in Hong Kong
Low and straightforward Tax System: One of the lowest tax rates in the world with no capital gains tax or VAT. The profits Tax is taxed is capped at 16,5%—a territorial Tax system which only taxes Hong Kong's source income.
No restriction on capital flows and exchange control: It is easy to open a bank account in Hong Kong, and the banks in Hong Kong can provide multi-currency (USD, EUR, etc) accounts. There are no restrictions on capital flows into and out of Hong Kong and no exchange controls in Hong Kong.
Gateway to Asia: Strategically located at the crossroads of the region, Hong Kong offers a gateway to the Chinese market with a unique relationship with the PRC and the region. Also, it is a free port and does not levy customs tariffs on imports and exports.
Excellent business environment: As a Special Administrative Region, Hong Kong has its own independent political, economic and judicial systems. The one-country, two-systems policy between China and Hong Kong ensures that the rule of Law is adhered to.
Strong Network of Double Taxation Agreements: It provides clarity on taxation rights and obligations and allows for lower withholding taxes and planning opportunities
Leading International Financial Centre
General information
Officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR) is a city and a special administrative region in China. With 7.4 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated territories in the world.
​
Official language
Cantonese, a dialect of Chinese, is predominantly spoken by 96% of the population, while Mandarin, the standardised form of Chinese, is spoken by 48%. English is an official language spoken by the majority.
Currency
Hong Kong dollar (HKD)
Chinese Yuan (CNY) / (CNH)