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As a Special Administrative Region (SAR) of China, Hong Kong enjoys a special relationship with one of the world's fastest-growing economies. It is estimated that the SAR has access to almost 450 million consumers across nine provinces in southern China, a fact that has heightened interest in Hong Kong Company incorporation and many organisations and individuals now view Hong Kong Company incorporation as the optimum strategy through which to penetrate Chinese markets. The following information will help you determine whether Hong Kong Company incorporation is the ideal vehicle with which to achieve this. |
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Some points to consider with using Hong Kong Company incorporation as a gateway into China include: |
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| 1. | Hong Kong companies pay no tax on profits earned outside Hong Kong, including China. |
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| 2. | According to the Hong Kong Trade Development Council, Hong Kong was the largest source of investment in China in 2005. |
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| 3. | To support Hong Kong Company incorporation, the SAR is a financial centre with a well-developed business infrastructure. Unlike China, the Hong Kong Dollar is an internationally-recognised and convertible currency, English is the official language of business and the legal system is based on English common law. These factors all enhance the attraction of Hong Kong Company incorporation. |
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| 4. | Hong Kong has excellent air, rail and road links to the booming southern provinces of China. |
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| 5. | On June 29, 2003, Hong Kong and China signed the Closer Economic Partnership Arrangement (CEPA), a free trade agreement granting Hong Kong’s manufacturers and service suppliers preferential access to the Chinese market. The agreement is now in its fourth phase, in which China agrees to abolish tariffs on all products of Hong Kong origin (to date there are more than 1,400 products). For more details on how the CEPA can benefit Hong Kong Company incorporation, visit the CEPA Website. |
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Facts about Hong Kong-China trade |
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| 1. | According to the Hong Kong Trade Development Council, if re-exports to and from the Chinese Mainland are included, about 22% of China's foreign trade was handled via Hong Kong in 2005. This figure is even higher if cargo transshipments to and from China via Hong Kong are taken into consideration. |
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| 2. | Hong Kong investors were responsible for 45.9% of all overseas investments into China as of the end of 2005. |
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Other information on Hong Kong Company incorporation |
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For further information on Hong Kong Company incorporation, please follow these links: |
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Contact Us |
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For more information on establishing a corporation in Hong Kong, email email@healyconsultants.com or call us in Hong Kong at (+65) 6735 0120. |
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Back to Hong Kong Company Formation page. |
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