Rule of Law

BizLeaders Asia - - Hk Start-up Global Business Hub Why Hong Kong -

All are equal before law. HK's legal system is separate from Mainland China's, and English common law prevails. The legal environmen­t remained unchanged after the retrocessi­on in 1997.

Such legal system in Hong Kong leans to favour the business environmen­t by providing fair business surroundin­gs at all times.

Hong Kong also has long been, and remains, a safe city with low crime rate that brings the safe and secure.

Free Port in Oversea Trading Business

Hong Kong is well perceived as its status of “free trade zone” and simple customs clearing. Duty is only paid on limited products such as liquors, tobacco, hydrocarbo­n oil and methyl alcohol. However, the import of wine and beer has been made to duty free. This has promoted Hong Kong as Asia hub of import, export and storage business serving retail and individual buyers.

Efficient Market

With a population of 7 million, Hong Kong appears to be a small market. However, it enjoys the second highest buying power in Asia. Moreover, Hong Kong is the top touristic destinatio­n in Asia, with more than 60.8 million visitors in 2014. Nearly 77% of those visitors come from Mainland China to spend in Hong Kong.

• Population: 7.4 million(2017)

• Area: 1,106 km2

• GDP Growth: 3.79% (2017)

• Income per capita: 46,193.61 USD(2017)

• Unemployme­nt rate: 2.80%

• Profits tax: 16.5 %

• Salaries tax: 15%

• Inflation: 2.3% (2018)

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