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Another Increase in Hong Kong Exports in March

2017-05-29

The volume of exported goods in Hong Kong grew by 15% n March, compared to the same month last year. The total quantity of imported goods also rose according to the Census and Statistics Department. Many of the entrepreneurs who are interested in company formation in Hong Kong choose a business field that is connected to trade or that produces exportable goods. 

The Hong Kong Government to Revise its Industrial Estate Policy to Attract Investment

2017-05-27

Hong Kong officials plan on revising the city’s industrial estate policy in order to endorse re-industrialization. The purpose is also to attract new investments in value-added technology industries and to increase the manufacturing processes. Investors in business sectors that qualify as technologically innovative could benefit from these measures if they intend to open a Hong Kong company

Significant Increase in Hong Kong's GDP at the Start of 2017

2017-05-22

Hong Kong’s gross domestic product increased by 4.3% during the first quarter of 2017 shows the date released by Hang Seng Bank. The growth is part due to an increase in consumer spending and part due to more property investments. Based on this data, the growth of the investment sentiment in the city could make room for more company formation in Hong Kong as consumer spending and demand continues its positive evolution. 

Hong Kong to Start Free Trade Negotiations with Australia

2017-05-09

The Hong Kong Government entered a new negotiation phase for a free trade agreement with Australia. The two jurisdictions have been negotiating the areas that should be covered by such a treaty and plan on starting the negotiations. Some of the most important changes, ones that could determine Australian investors to open a Hong Kong company, would include some tax changes and eliminations.

Hong Kong vs. Singapore as a Financial Centre

2017-05-03
Hong Kong and Singapore have been the competitors for Asia’s top financial hub for a very long time. Despite the fact that it may be easy to presume that both cities are constantly shifting between first and second place based on the local economic evolution, their unique characteristics, as well as the changes in their financial markets, are not to be overlooked when analyzing which is the top financial hub in Asia. Hong Kong company formation is straightforward and accessible for many foreign investors, but is Singapore more suitable for the growth of capital markets? We take a look at the advantages in both cities.

Predicted GDP Growth in Hong Kong in 2017

2017-04-21

The initial prediction for Hong Kong’s GDP rate increase in 2017 was lower than the one predicted in the latest forecast. A 2.4% increase is expected, compared to only 1.8% as initially predicted. This positive evolution is due, in part, to Mainland China’s recovery. Investors who are interested in Hong Kong company formation can use the predictions released until this point for several industries, including tourism and services.

Hong Kong, Attracting More Fintech Firms

2017-04-14

The number of fintech start-ups in Hong Kong increased by about 60% during 2015-2016, according to the Hong Kong Startup profiling Survey. Moreover, this growing business field that shows important potential has also been a major recipient of investment: some 400 million US $ venture capital investment in fintech took place in the city in the analysed period. The Hong Kong company formation process is quick and easy for all types of companies, an advantage for those who are considering opening a fintecth start-up in the city.

Hong Kong's New Chief Executive Believes in a Tax Reform

2017-04-04

Hong Kong’s newly elected Chief eEecutive, Carrie Lam, stated in her first speech after the election that she plans on following a new tax policy. She highlighted the fact that she does not intend to change the low and simple taxation regime but will look towards introducing new tax breaks. Investors who are interested in Hong Kong company formation already benefit from a very advantageous tax regime. Nevertheless, new tax breaks would further increase the territory’s attractiveness.

Total Exports Value Growth in Hong Kong

2017-04-03
The total value of goods exported from Hong Kong rose by 18.2% in February, on a year-on-year comparison. Both the value of re-exports and that of the domestic exports increased, as per the data released by the Census and Statistics Department. Company formation in Hong Kong for trading companies is similar to the process required for any type of company. A notable difference is that these businesses need special licensing. 
 

Hong Kong, More Affordable for Expats than Singapore

2017-03-26

Hong Kong and Singapore are both in the top choices of cities for expats. They are dynamic and competitive cities that combine both the Asian and the Western cultures. This makes them a top choice both for foreign investors and for expats who want to relocate here. According to a cost of living survey ordered by the Economist Intelligence Unit, Hong Kong and Singapore are included in the top ten cities for expats with a high cost of living. However, Hong Kong remains the more affordable option for expats who want to relocate in the Asia-Pacific region. 

Hong Kong Remains in the Top of the Asian Competitiveness Report

2017-03-24

Hong Kong remains in top three of the Asian Competitiveness report as the city with the most robust economy in the region. The survey was released as part of the Asian Annual Conference in Hainan province, China. The Special Administrative region has a number of undeniable characteristics that are advantageous for all those investors who are interested in Hong Kong company formation

Plans to Allow for New Aircraft Leasing Incentives in Hong Kong

2017-03-17

A recent Inland Revenue Amendment includes measures that would increase the city’s attractiveness as a center for aircraft leasing. This initiative would mark the Government’s intention to strengthen another business sector in Hong Kong, apart from the traditional financial and professional services sectors. Aircraft financing is, in this context, a good business proposition for investors in Hong Kong, which the number of commercial aircraft to increase substantially over the next years.

Co-working Spaces and Communities in Hong Kong

2017-03-16

Co-working spaces can be a most welcomed solution for growing businesses and investors in Hong Kong who also want to expand their professional network. The city is a financial hot spot in Asia and many start-ups are taking their first steps here. The easy company registration in Hong Kong and the lack of requirements for a minimum share capital are two important considerations for investors. Moreso, those who are looking to budget their start-up can consider managing their business from a co-working space in Hong Kong

Plans to Improve the Tax Insurance Incentives in Hong Kong

2017-03-10

A series of new policies, including tax measures for the insurance industry, were presented by the Hong Kong Financial Services Department at the beginning of the month. These changes aim to improve the city’s position as a well-known insurance hub in the Asia-Pacific region. Hong Kong is a business hub and one that offers investors, particularly advantageous tax requirements. Investors who want to open a Hong Kong company in the financial or insurance sector often choose this jurisdiction because of the tax measures.

Free Waivers Introduced in the Tourism Sector in Hong Kong as of 2017

2017-03-09

Hong Kong’s tourism industry was one of the favored industries after the 2017 Budget was drawn up. The relief measures planned for this sector include an important one-year waiver for travel agents. The entire tourism industry, however, will benefit from the new Budget measures: the waiver will also apply to hotels and restaurants in Hong Kong. Investors who want to start a travel business in the city or open a Hong Kong company can benefit from this change in 2017. 

Tax Measures Proposed by Hong Kong's Financial Secretary

2017-02-26

Hong Kong’s Financial Secretary announced his most recent plans for creating a new tax policy. One issue that stood out was the narrow tax base in Hong Kong and the importance of maintaining a predictable tax regime which the city is known for. Investors who open a Hong Kong company primarily take advantage of the low taxation regime. Changing the current situation could mean risking impacting the international competitiveness, the Secretary believes. 

More than 9% Exports Increase in Hong Kong

2017-02-25

The exports of goods from Hong Kong increased by 9.8% in December 2016, on a year-on-year basis. The value of re-exports also rose and the analyzed period was also a good one for imports. Comparing the volume of imports from 2015 to that in 2016, last year was one that registered good development in the trade sector. Company registration in Hong Kong is straightforward for all companies, including those in the import and export business or goods transportation. 

Hong Kong-Pakistan Double Tax Agreement

2017-02-24
Earlier this month Hong Kong and Pakistan concluded a comprehensive double taxation agreement. The document is useful for establishing the taxation rights each jurisdiction has in the case of individuals and companies that derive income from both sources. Investors who are interested in company registration in Hong Kong enjoy a growing number of double tax treaties. Hong Kong follows its policy for encouraging bilateral trade and investment and these types of agreements have an essential role for the city’s position as an international business and trade center.

Possible Two-Step Taxation for Small Companies in Hong Kong

2017-02-20

John Tsang, one of the candidates for the Chief executive position, announced a series of tax reform measures that would be beneficial for small and medium companies in Hong Kong. Accounting specialists welcomed his proposals but asked why he did not come up with these measures while he was acting as the Financial Secretary. Our company registration agents in Hong Kong take a look at the proposed tax plan and what it would mean for small businesses in Hong Kong.

Hong Kong, One of the Cities with the Best Infrastructure in Asia

2017-02-11

Hong Kong has one of the best infrastructures in Asia, as highlighted in the recent BMI Research Asia-Pacific Infrastructure Risk/Reward Index. On a global level, the city occupies fourth place, similar to Singapore. Hong Kong is known for having a well-developed infrastructure market and the research highlights the city’s strong points. Investors interested in company registration in Hong Kong will often choose this location over others in the Asia-Pacific region particularly because of the well-developed business environment. 

Increase in the Total Restaurants Sector Revenue in 2016

2017-02-09

The total profit recorded in the restaurant's sector in Hong Kong increased in 2016 by 2.9 percent. The largest increase was recorded during the fourth quarter of last year, with a value of approximately 27.8 billion HK $. Hong Kong is not only an important business center in the Asia Pacific region but also a tourist destination, receiving a large number of tourists every year, especially from Mainland China. Investors who open a Hong Kong company can enter the food and service industry. 

Total Exports Increase in 2016 for the Electrical and Telecom Industry

2017-02-06
Hong Kong exports grew in certain areas in December 2016 compared to the same period in 2015. The data was released by the Hong Kong Census and Statistics Department and it primarily concerns two commodity divisions, the electrical and telecom industries with their specific products and byproducts. On a year-on-year basis, the export and import sector in Hong Kong had different results in the principal commodity divisions. Investors who want to open a Hong Kong company can target the business fields that recorded a positive yearly evolution, such as the telecommunications industry. 

New Policies to Encourage Growth in Hong Kong

2017-02-04

Hong Kong executives aim to boost the growth of the city through several measures, including tax breaks. Among the plans to encourage growth is a tighter cooperation with China, with which Hong Kong already has a good collaboration including in the One Belt, One Road Initiative. The Special Administrative Region is already an attractive investment option in Asia, especially since the Hong Kong company formation procedures are so straightforward.

Hong Kong, the World's Top City for Tourism Purposes

2017-02-03

Hong Kong is the top destination at a world level for touristic purposes. In 2015, Hong Kong received 26.7 million foreign tourists and thus, the investors who are interested in opening a company in Hong Kong can benefit from the effects of this positive trend. It is necessary to know that businesses which operate in this field have to obtain a set of special permits and licenses, issued by relevant authorities for the specific activities the company will develop. Our team of specialists in company formation in Hong Kong can offer assistance on the requirements applicable to foreign businessmen. 

Leasing Demand for Office Space in Hong Kong

2017-01-25

Hong Kong property market is developing at a fast pace, for both residential and commercial sectors, due to an increase in the demand of the local population and businesses. Foreign investors who want to open a company in Hong Kong will also need an office for their business and in this sense, we mention that the local projects carried out at the moment will provide in 2017 a supplementary office space of 2.8 million square feetOur specialists in company formation in Hong Kong can offer more details related to the legal aspects of renting an office space here. 

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