As a leading global finance center and a historically open economy, it’s worth remembering that Hong Kong has been a Special Administrative Region (SAR) of the People’s Republic of China (PRC) since 1997. But Hong Kong enjoys great autonomy from the mainland, and the city has retained its reputation for ease of doing business and free trade. It frequently attracts the attention of foreign investors looking for a foothold in the Asian market.
As an important banking and financial center in the Asia pacific region, Hong Kong Stock Exchange ranks the fourth in Asia and the eighth in the world in terms of market capitalization. In 2016, Hong Kong again raised more IPO funds than any other stock market worldwide.
Hong Kong was the fourth-ranked location in the world (behind New Zealand, Singapore and Denmark) by the 2016 World Bank Doing Business Survey in terms of ease of doing business. Its simple, low cost tax structure has made Hong Kong a natural regional hub for multinational companies doing business in Asia. In addition, Hong Kong is a free port and generally does not levy customs duties except for a very limited number of goods. Because of its attractive business environment, Hong Kong receives the third largest amount of foreign investment in Asia and the fourth largest in the world.
Hong Kong is also the perfect gateway to access to the dynamic and emerging market of mainland China, attracting many leading international businesses to choose setting up their regional operations in Hong Kong.
The Doing Business in Hong Kong guide has been prepared to assist those who are interested in doing business in Hong Kong. It features topics such as setting up business entities in Hong Kong, import issues, tax and financial systems, financial reporting and audit standards, and labor and employment.
Mazars Hong Kong is part of the Mazars group, unique as an international, integrated and independent partnership. Mazars is also a member of the Praxity Alliance, which ranks among the top 10 of the international accounting firms in size and global billings. Mazars Hong Kong specializes in audit, accounting, tax and business advisory services, corporate finance, business risk assessment, corporate restructuring and forensic investigation services. We focus on providing value in meeting clients' needs - whether they are individuals, OMB's / SME's, or multi-national corporations. We work closely with our 25 Mainland China offices in delivering professional services through multi-lingual teams experienced in both international and local requirements and regulations. Mazars Hong Kong recognizes that a comprehensive range of skills, expertise and experience can make all the difference to the success of your business. We therefore offer a complete range of services that can provide for all your business needs. Even when highly specialized services are required, Mazars Hong Kong is well equipped to serve as your coordinator to oversee the successful completion of your assignment.