Hong Kong has one of the world’s largest trading economies and its strategic geographic position, along with the free trade economy policy and low taxation regime make Hong Kong an ideal location to base a business that operates in the imports and exports sector. Hong Kong is not only the main gateway to the inland Chinese market but it also handles a large amount of offshore trade.
Our experts invite you to watch a video on importing and exporting goods in Hong Kong:
Products imported and exported by Hong Kong
The list of products imported by Hong Kong contains machinery and equipment, manufactured goods and articles, chemicals, mineral fuels, and food. Its main import partners are China, Japan, and Singapore. Other import partners are the United States and South Korea.
The products exported to Hong Kong are electronics, electrical appliances, gold, jewelry, machine parts, textiles, fabrics, toys, watches, and clocks. Hong Kong has an export-oriented economy that is heavily based on shipments coming from re-exports. Its main export partners are China, the United States, and the European Union.
Trade policy and logistics in Hong Kong
Hong Kong has a free trade policy and this means that this Special Administrative Region has no boundaries on trade. There are no customs tariffs on products and goods imported and exported from Hong Kong.
Companies in Hong Kong that engage in international trade activities need to follow certain procedures and observe the existing regulations for doing business in Hong Kong. Import and export activities require special licensing and our company formation agents in Hong Kong can help you obtain all the necessary documents from the Trade and Industry Department in Hong Kong and other relevant authorities.
The agents at our company incorporation firm can help you with the common import and export documents, such as commercial documents, financial documents, transport or insurance documents. All of the trade-related documentation needs to be in order so that the Hong Kong company can perform its activities without any legal impediments.
Call us now at + 852 8191 3385 to set up an appointment with our company formation experts in Hong Kong. As a DM Advisory client, you will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Hong Kong.
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