Hong Kong Special Administrative Region
Capital: Hong Kong HDI: 0.910 (12th)
Language: Chineses GDP (PPP): $414.5 billion
Population: ~ 7.188 million
Currency: Hong Kong Dollar
Hong Kong is a city, and former British colony, in southeastern China. Vibrant and densely populated, it’s a major port and global financial center famed for its tower-studded skyline. It’s also known for its lively food scene – from Cantonese dim sum to extravagant high tea – and its shopping, with options spanning chaotic Temple Street Night Market to the city’s innumerable bespoke tailors.
RESEARCH
Economic Overview
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Economic and Political Overview of Hong Kong
http://www.suddefrance-developpement.com/en/country-profiles/hong-kong/political-outline.html
Hong Kong is the world’s tenth largest trading power and the third largest financial centre in the world.
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CIA – The World Factbook — Hong Kong
https://www.cia.gov/library/publications/the-world-factbook/geos/hk.html
Hong Kong has a free market economy, highly dependent on international trade and finance
Industry Trends & Business Climate
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Export.gov – Doing Business in Hong Kong
http://export.gov/hongkong/doingbusinessinhongkong/index.asp
Hong Kong is an ideal platform for doing business in Asia, especially for mainland China.
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Hong Kong business environment
http://www.bycpa.com.hk/Html/news/20076/481.html
Hong Kong has a free-enterprise, free-trade economy. The government has traditionally adopted a policy of nonintervention in the private sector, while at the same time providing the territory with a modern and sophisticated commercial infrastructure
Establishing a Presence
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Business Types – Hong Kong Incorporation Entity Types
http://www.guidemehongkong.com/incorporation/introduction/hong-kong-incorporation-entity-types
The most common type of business entities in Hong Kong are companies, sole proprietorships and partnerships.
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Business Types – Types of Companies in Hong Kong
http://www.company-registration-china.com/archive/17.html
Types of Companies in Hong Kong
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Business Registration Requirements – Hong Kong Company Registration
http://www.myoffshorecompanies.com/form-company/register-offshore-company-hong-kong/
To do business in Hong Kong, one can set up a sole proprietorship, a partnership or register one’s own company incorporated elsewhere as an overseas company in Hong Kong.
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Business Registration Requirements – GovHK: Starting a Business
http://www.gov.hk/en/business/supportenterprises/businesstopics/licensing.htm
Information on registration and company officer obligations
Taxes
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Hong Kong Corporate Tax Rate | 1997-2016
http://www.tradingeconomics.com/hong-kong/corporate-tax-rate
The Corporate Tax Rate in Hong Kong stands at 16.50 percent. Corporate Tax Rate in Hong Kong averaged 16.58 percent from 1997 until 2015, reaching an all time high of 17.50 percent in 2004 and a record low of 16 percent in 1999. Corporate Tax Rate in Hong Kong is reported by the Inland Revenue Department, Hong Kong.
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Hong Kong corporate tax
http://www.pwchk.com/home/eng/tax_hk_corptax.html
Profits tax is payable by every company carrying on a trade, profession or business in Hong Kong on profits arising in or derived from Hong Kong from that trade, profession or business.
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Hong Kong Personal Income Tax Rate | 2004-2016
http://www.tradingeconomics.com/hong-kong/personal-income-tax-rate
The Personal Income Tax Rate in Hong Kong stands at 15 percent. Personal Income Tax Rate in Hong Kong averaged 15.36 percent from 2004 until 2014, reaching an all time high of 16 percent in 2005 and a record low of 15 percent in 2008. Personal Income Tax Rate in Hong Kong is reported by the Inland Revenue Department, Hong Kong.
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Hong Kong Individual – Taxes
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Hong-Kong-Individual-Taxes-on-personal-income
Hong Kong does not impose income tax on individual total income.
Visas
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Hong Kong SAR China – Bureau of Consular Affairs
http://travel.state.gov/content/passports/en/country/hongkong.html
See “Entry, Exit & Visa Requirements” on this site
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Hong Kong Visa, Entry Requirements
http://www.travelchinaguide.com/embassy/visa/hongkong.htm
Although Hong Kong and Macau are parts of the People’s Republic of China (PRC), as Special Administrative Regions (SAR), each has its own entry regulations.
Infrastructure
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Hong Kong Transportation
https://www.virtualtourist.com/travel/Asia/Hong_Kong/Transportation-Hong_Kong-MISC-BR-1.html
2024 tips on getting to and getting around Hong Kong from real travelers and locals.
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Hong Kong Transportation: By Air, Train, Metro, Ferry, Bus
http://www.travelchinaguide.com/cityguides/hongkong/transportation/
Hong Kong has a highly developed transport system. You can get there by plane, by ferry and cross-boundary bus and get around by subway, light rail, bus, minibus
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Telecom – Hong Kong Fact Sheets – Telecommunications
http://www.gov.hk/en/about/abouthk/factsheets/docs/telecommunications.pdf
Hong Kong has one of the most sophisticated and successful telecommunication markets in the world.
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Telecommunications companies in Hong Kong
https://companylist.org/Hong_Kong/Telecommunications/
A listing of telecom companies in Hong Kong
Employer Obligations
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Hong Kong Labor Laws | eHow
http://www.ehow.com/list_6628333_hong-kong-labor-laws.html
Labor laws are contained in a written Employment Ordinance, and employers and employees can negotiate contract of employment terms, provided that none of the terms in any contract of employment violate the regulations contained in the Employment Ordinance.
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Guide to Employment Law in Hong Kong
https://www.mayerbrown.com/files/Publication/d1cfa4a4-586b-4215-9c68-8a80a85d499c/Presentation/PublicationAttachment/83bd4d23-03c3-4d47-ae22-412d80f4d7a8/Guide%20to%20Employment%20Law%20in%20Hong%20Kong.pdf
A comprehensive guide to employment law in Hong Kong.
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Employee Termination and Retrenchment
http://www.guidemehongkong.com/incorporation/hr/employee-termination-guide-hong-kong
This guide will help you understand the basic rules and regulations governing employee termination and retrenchment
Culture/Living
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Cost of Living in Hong Kong | Expat Arrivals
http://www.expatarrivals.com/hong-kong/cost-of-living-in-hong-kong
The cost of living in Hong Kong can be high for expats.
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Cost of Living in Hong Kong
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Hong+Kong
Average prices of more than 40 products and services in Hong Kong. Prices of restaurants, food, transportation, utilities and housing are included
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Business Etiquette – Hong Kong Guide: Business culture and etiquette
https://www.justlanded.com/english/Hong-Kong/Hong-Kong-Guide/Business/Business-culture-and-etiquette
How to do business in Hong Kong: Hong Kong´s business culture emphasizes personal reputation.
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Business Etiquette – Doing Business in Hong Kong | etiquette
http://www.kwintessential.co.uk/etiquette/doing-business-hongkong.html
This guide to doing business in Hong Kong presents some useful tips on some salient points relating to etiquette, protocol and cross cultural communication.
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Climate – Hong Kong Weather: Climate
http://www.travelchinaguide.com/climate/hongkong.htm
Subtropical Hong Kong has four distinguishable seasons – warm and humid spring, hot and rainy summer, pleasant and sunny autumn, cool and dry winter.
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Climate | Hong Kong Tourism Board
http://www.discoverhongkong.com/eng/plan-your-trip/traveller-info/about-hong-kong/climate.jsp
Information on Hong Kong’s sub-tropical climate, including the duration of the typhoon season.
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Safety – Hong Kong (SAR of China) travel advice
https://www.gov.uk/foreign-travel-advice/hong-kong/safety-and-security
Travel advice from the UK government
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Safety – Hong Kong SAR China – travel.state.gov
http://travel.state.gov/content/passports/en/country/hongkong.html
See “Safety and Security” on this site
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Education – The Hong Kong Education System
http://www.itseducation.asia/education-system.htm
While there are nine years of compulsory schooling in Hong Kong, six in primary school and three in junior secondary school, the Hong Kong government has recently moved to make it easier and more likely that the majority of students will receive 12 years of education.
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Education – Guide To International Schools in Hong Kong
http://www.educationpost.com.hk/resources/education/141211-education-overview-guide-to-international-schoolshong-kong
In Hong Kong, there is a highly competitive private education system featuring some of the best learning institutions in the world
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Holidays – Hong Kong Public Holidays 2016
http://publicholidays.hk/
Public holidays in Hong Kong are provided for by legislation, namely the General Holidays Ordinance
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Holidays in Hong Kong in 2017
http://www.officeholidays.com/countries/hong_kong/2017.php
Comprehensive list of National and Regional Public Holidays that are celebrated in Hong Kong during 2017
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Demographics of Hong Kong
https://en.wikipedia.org/wiki/Demographics_of_Hong_Kong
This site provides information on the demographic features of the population of Hong Kong, includingpopulation density, ethnicity, education level, health of the populace
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Demographics – CIA – The World Factbook — Hong Kong
https://www.cia.gov/library/publications/the-world-factbook/geos/hk.html
Demographic facts and statistics from the CIA
Trade
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Hong Kong customs
https://hong-kong.visahq.com/customs/
Hong Kong Customs regulations and procedures for importing and exporting goods at border.
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Export.gov – Frequently Asked Questions
http://export.gov/hongkong/frequentlyaskedquestions/
FAQs regarding import/export
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Trade Agreements in Hong Kong
http://www.globaltrade.net/f/business/text/Hong-Kong-SAR/Trade-Policy-Trade-Agreements-Trade-Agreements-in-Hong-Kong.html
Hong Kong is a founding member of the World Trade Organization (WTO) as well as a member of the Asia-Pacific Economic Cooperation (APEC).
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Free Trade Agreement
http://www.tid.gov.hk/english/trade_relations/hkefta/index.html
Free Trade Agreement between Hong Kong and the Member States of the European Free Trade Association
Housing and Rentals
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Accommodation | Hong Kong Tourism Board
http://www.discoverhongkong.com/eng/plan-your-trip/accommodation/index.jsp#ixzz41CDLr6bS
In Hong Kong, you can hang your hat in modest guesthouses, youth hostels, palatial hotels, chic boutiques, and mid-range comfort – in the heart of the city
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10 Best Accommodation in Hong Kong
http://www.tripadvisor.com/Hotels-g294217-Hong_Kong-Hotels.html
Hotel guide for Hong Kong
Travel
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Hong Kong Travel Guide | Fodor’s Travel
http://www.fodors.com/world/asia/china/hong-kong
Expert picks for your Hong Kong vacation, including hotels, restaurants, entertainment, shopping, top attractions, and more.
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Hong Kong Tourism Board – Official Site
http://www.discoverhongkong.com/us/index.jsp
Hong Kong’s official tourism guide includes tourist information on attractions, events, shopping and dining, vacation holiday packages, street maps, virtual tours
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