Hong Kong is one of the leading financial centers in the world. This special administrative region of the People’s Republic of China is characterized by having a significantly open economy, a simple tax system, and a strategic location that provides companies with a gateway into mainland China and the Asia-Pacific region.
At the end of 2018, there were more than 1.4 million companies registered in Hong Kong. The easy and minimal time it takes to set up a company, the excellent infrastructure, and the intellectual property protections draw investors to this city. Additionally, Hong Kong is the third-largest banking center in the world, behind London and New York. The territory’s strategic location and world-class infrastructure make Hong Kong continuously ranked in the top for world trade.
Expanding business to Hong Kong includes a variety of considerations, such as forming the right legal entity for your business, understanding the Hong Kong corporation tax rate and how to navigate the Hong Kong business register, licensing, and other critical details. This guide leverages the extensive experience and knowledge of CT Corporation to help you gain a better understanding of Hong Kong business while ensuring compliance.
Check out our guide to Hong Kong—learn what the main types of legal entities are and more.