Hong Kong has long been recognised as a leading global financial centre and continues to strengthen its position as a dynamic business hub. Strategically located with all major Asian markets within a four-hour flight, the city serves as an ideal platform for companies looking to expand in Asia and beyond.
More than 9,000 businesses have established operations in Hong Kong, including regional headquarters, R&D centres, and corporate treasury functions. With a robust infrastructure, thriving economy, and unique access to mainland China, Hong Kong offers unparalleled advantages for businesses.
Resilience and Recovery
Despite challenges in recent years, Hong Kong has demonstrated remarkable resilience. Government initiatives, including significant fiscal investments, have supported recovery and growth:
Green Finance Leadership: The issuance of HKD 800 million in tokenised green bonds has bolstered Hong Kong’s standing in sustainable finance.
Talent Attraction: Programs like the Quality Migrants Admission Scheme have helped replenish the workforce, enhancing competitiveness.
These efforts contributed to Hong Kong reclaiming its position as the top financial centre in Asia-Pacific in the Global Financial Centres Index (GFCI), ranking third globally behind New York and London.
Gateway to Mainland China
Hong Kong’s unique status as a Special Administrative Region of China makes it an ideal entry point for businesses targeting the Chinese market. Key advantages include:
Renminbi Hub: Hong Kong hosts the world’s largest offshore Renminbi settlement hub, offering a range of services from leading banks.
Enhanced Connectivity: Initiatives such as Stock Connect and Bond Connect provide seamless access to mainland markets.
Regional Collaboration: Agreements like the Closer Economic Partnership Arrangement (CEPA) and the development of the Greater Bay Area (GBA) offer extensive opportunities for growth and innovation.
Proximity to Shenzhen: Access to the "Silicon Valley of China" strengthens Hong Kong’s appeal as a hub for technology and innovation.
World-Class Financial Infrastructure
Hong Kong’s comprehensive financial ecosystem makes it a preferred destination for global investors:
Banking Powerhouse: Over 70 of the world’s largest 100 banks operate in Hong Kong.
Asset Management Leader: The city is Asia’s largest international asset management hub and a key centre for private wealth, hedge funds, and private equity.
IPO Market: The Hong Kong Exchanges and Clearing (HKEX) is a global leader in equity and derivatives trading, offering unparalleled access to Asia’s vibrant financial markets.
With transparent regulations aligned with international standards, Hong Kong’s financial infrastructure provides a secure and efficient platform for global businesses.
Business-Friendly Environment
Hong Kong consistently ranks among the top jurisdictions for economic freedom and ease of doing business:
Fast Incorporation: Company registration typically takes 24 to 48 hours.
Favourable Tax Structure:
Two-tiered profits tax rate of 8.25% on the first HKD 2 million and 16.5% thereafter.
No VAT, capital gains, dividends, or inheritance tax.
No withholding taxes on dividends or interest.
Streamlined Immigration Policies: Securing work visas is straightforward, helping attract top talent.
These advantages make Hong Kong a highly competitive location for businesses of all sizes.
Diverse Economy and Talent Pool
Hong Kong’s economy is highly diversified, with strengths in:
Financial services
Innovation and technology
Professional services
FinTech
Tourism and hospitality
Creative industries
A rich talent pool, combined with liberal immigration policies, offers abundant opportunities for career advancement, fostering a vibrant and cosmopolitan environment.
Lifestyle and Connectivity
Hong Kong’s appeal extends beyond business:
Cultural Richness: The city hosts events like the Hong Kong Sevens Rugby and Art Basel, offering a blend of global and local cultural experiences.
Efficient Transport: Hong Kong boasts extensive public transport options and fast access to Hong Kong International Airport and mainland China via the Express Rail Link.
Global Community: With English as an official language, the city attracts a diverse international population.
With its strategic location, robust infrastructure, and supportive business environment, Hong Kong remains a premier hub for companies expanding into Asia. Its unique position as a gateway to China, coupled with a dynamic economy and vibrant cultural scene, ensures that Hong Kong continues to thrive as a global business leader.
Woodburn Accountants & Advisors is one of China’s most trusted business setup advisory firms.
Woodburn Accountants & Advisors is specialized in inbound investment to China and Hong Kong. We focus on eliminating the complexities of corporate services and compliance administration. We help clients with services ranging from trademark registration and company incorporation to the full outsourcing solution for accounting, tax, and human resource services. Our advisory services can be tailor-made based on the companies’ objectives, goals and needs which vary depending on the stage they are at on their journey.