was ranked the sixth most competitive city in the world
, according to JLL and The Business of Cities group. The Special Administrative Region is known for its low tax regime and favorable business climate, however, according to the data released by the two companies, it also scores well in categories like smart cities and real estate indices. Investors interested in company formation in Hong Kong
have various opportunities in the city, mainly because of is close relation and position to Mainland China.
Reasons why Hong Kong is a competitive city
Hong Kong remains highly competitive at a global level, according to a series of reports released by JLL and The Business of Cities group. The experts at these two companies analyzed a series of aspects concerning the business climate and the living conditions in the Special Administrative Region and according to their findings, Hong Kong maintains its significant international influence.
Hong Kong was ranked the sixth most competitive city and received the ninth place in terms of start city strategies. Moreover, it is considered the tenth most suitable city in the world for commercial real estate investment
Hong Kong’s rankings
Hong Kong received favorable rankings in the latest report comprised by the two companies. However, researchers did point out that the city faces both challenges and opportunities when it comes to internalizing its integration with China
. Another issue pointed out in the research is the high office rent, which remains high and it is comparable to that in other large business hubs like New York and Beijing.
JLL is an American real estate investment management company. The Business of Cities is an intelligence and strategy company in London that reports on the global trends in cities worldwide.
One of our Hong Kong company formation agents
can help you with detailed information on the advantages of doing business in the city and the various opportunities for foreign investors.
if you have questions on company formation in Hong Kong