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    Investhk presentation-100712092329-phpapp01 Investhk presentation-100712092329-phpapp01 Presentation Transcript

    • Hong Kong: The Right Place. The Right Time.
    • Agenda• RIGHT PLACE – Hong Kong’s Enduring Advantages• RIGHT TIME – New Opportunities• How InvestHK can help 2
    • RIGHT PLACEHong Kong’s Enduring Advantages 3
    • One Country, Two Systems All Hong Kong’s economic freedoms continue: • Hong Kong negotiates and signs its own economic & trade agreements and is a full and separate member of WTO & APEC • Gov commitment to open markets and free trade under the principle “Big market, small government” • The World’s Freest Economy according to US-based Heritage Foundation for 15th consecutive year • Hong Kong is an integral part of China 4
    • Hong Kong’s Strategic Location:Gateway to China & Heart of Asia New Markets & Customers  Easyaccess to high-growth economies  High demand for foreign products & services Low-Cost Production & Sourcing  Major production centres in China, Vietnam etc. Half the world’s population within five hours flight time! 5
    • Asia’s Leading City for International Business 526 Regional Headquarters 447 Regional Offices 289 308 224 213 138 146 115 127 123 96 104 91 74 66 54 49 46 61 43 40 51 46 44 22 19 18 rs UK na ly s a US lia ce y n an re nd nd an re pa Ita e o tra an i iw th Ch la Ko ap la m Ja er Fr O Ta s er er ng Au it z th G Si Sw Ne 3,580 regional headquarters and offices Source: 2009 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong, Census & Statistics Dept, HKSARG 6
    • Cosmopolitan Lifestyle &Easy Living Environment • Countryside – 40% land country parks – mountains and beaches • Sports – mix of Asian and Western sports, plus calendar of international events • Arts/culture – world-class venues; major events and annual festivals • Food – local, regional, international restaurants/supermarkets • Education – Over 50 international schools • Healthcare – private doctors/clinics, plus major teaching hospitals • Safety – One of the lowest crime rates • Religion – all faiths welcome 7
    • Stable, Low & Simple Tax System Forbes Tax Misery Index 2009 Hong Kong 3rd from bottom, score = 41.5 Singapore eight positions higher, score = 78.5 9 8
    • Hong Kong Budget 2009-10Corporate Tax Cut to 16.5%; Income Tax Cut to 15% Hong Kong Mainland ChinaCorporate tax 16.5% maximum rate Standard rate = 25% High/New Tech Enterprises (HNTE) = 15% HNTE some regions 0%Income tax 15% maximum rate 5 - 45% (salaries)VAT/GST Nil 17% Certain exemptions applyIncome not subject Offshore income; dividends; capital All income subject to tax (certain preferential taxto tax gains; tax exemption for interest income treatments for foreign-invested enterprises) from deposits placed with authorised financial institutionsWithholding tax Nil for dividends, management fees, 10% for dividends interest, rent 10% for royalties 5.25% for royalties 10% for interest 10% for capital gains 9
    • RIGHT TIMENew Opportunities 10
    • Four Pillar industries • Financial Services • Business and Professional Services • Trade & Logistics • Tourism 11
    • Opportunities in 6 New Areas: • Testing and certification • Medical services • Innovation and technology • Cultural and creative industries • Environmental industry (in particular solar energy and R&D) • Educational services Other Opportunities: • Wine • Biotechnology 12
    • Indian business community in Hong Kong• India trade with Hong Kong was over US$14.15 billion in 2008• Over 1500 Indian companies’ RHQs, regional offices or local offices are based in Hong Kong• In terms of Hong Kong trade, India is one of the Hong Kongs largest trading partner• Hong Kong is home to more than 45,000 Indian citizens.• India companies in Hong Kong over the following sectors & many more:- airlines; banks; logistics; technologies; consultancy; non- metallic mineral manufacturer; telecommunication equipment; jewellery; and machinery. 13
    • InvestHK : How can we help? The Department for Foreign Direct Investment • Support overseas, Mainland and Taiwanese businesses to set up and expand in Hong Kong • Our aim is for companies to make an informed choice and put the right part of their business in Hong Kong for the right reasons in order to be more competitive and make more profit • Provide free advice and customized services to help your business succeed Public relations Relevant Facilitation of Matchmaking support for up-to-date set-up / and networking launch / information expansion support expansion 14
    • Thank you! Let’s keep in touch! Mr. Narendra Sarawgi Consultant (Bengaluru) Email: nks@investhk.com.hk Tel: +91-80-64516669 Mr. Siddharth Sarawgi Consultant (Bengaluru) Email: sid@investhk.com.hk Tel: +91-80- 64516669 15