Hong Kong: The Right Place. The Right Time.
Agenda <ul><li>RIGHT PLACE – Hong Kong’s Enduring Advantages  </li></ul><ul><li>RIGHT TIME – New Opportunities </li></ul><...
RIGHT PLACE Hong Kong’s Enduring Advantages
One Country, Two Systems <ul><li>All Hong Kong’s economic freedoms continue: </li></ul><ul><li>Hong Kong negotiates and si...
<ul><li>New Markets & Customers </li></ul><ul><li>Easy access to high-growth economies </li></ul><ul><li>High demand for f...
Asia’s Leading City for International Business Source: 2009 Annual Survey of Companies in Hong Kong Representing Parent Co...
Cosmopolitan Lifestyle &  Easy Living Environment <ul><li>Countryside  – 40% land country parks – mountains and beaches </...
Stable, Low & Simple Tax System Forbes Tax Misery Index 200 9 Hong Kong 3 rd  from bottom, score = 41.5 Singapore  eight  ...
Hong Kong Budget 2009-10 Corporate Tax Cut to 16.5%;  Income Tax Cut to 15% Hong Kong Mainland China Corporate tax 16.5% m...
RIGHT TIME New Opportunities
<ul><li>Financial Services </li></ul><ul><li>Business and Professional Services </li></ul><ul><li>Trade & Logistics </li><...
<ul><li>Testing and certification </li></ul><ul><li>Medical services </li></ul><ul><li>Innovation and technology </li></ul...
Indian business community  in Hong Kong   <ul><li>India trade with Hong Kong was over  US$14.15 billion  in 2008 </li></ul...
InvestHK : How can we help? <ul><li>Support overseas, Mainland and Taiwanese businesses to set up and expand in Hong Kong ...
Thank you! Let’s keep in touch! Mr.  Narendra Sarawgi Consultant ( Bengaluru ) Email:  [email_address]   Tel: + 91 - 80-64...
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Hong Kong - The best place in Asia for business!

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Hong Kong - The best place in Asia for business!

  1. 1. Hong Kong: The Right Place. The Right Time.
  2. 2. Agenda <ul><li>RIGHT PLACE – Hong Kong’s Enduring Advantages </li></ul><ul><li>RIGHT TIME – New Opportunities </li></ul><ul><li>How InvestHK can help </li></ul>
  3. 3. RIGHT PLACE Hong Kong’s Enduring Advantages
  4. 4. One Country, Two Systems <ul><li>All Hong Kong’s economic freedoms continue: </li></ul><ul><li>Hong Kong negotiates and signs its own economic & trade agreements and is a full and separate member of WTO & APEC </li></ul><ul><li>Gov commitment to open markets and free trade under the principle “Big market, small government” </li></ul><ul><li>The World’s Freest Economy according to US-based Heritage Foundation for 15th consecutive year </li></ul><ul><li>Hong Kong is an integral part of China </li></ul>
  5. 5. <ul><li>New Markets & Customers </li></ul><ul><li>Easy access to high-growth economies </li></ul><ul><li>High demand for foreign products & services </li></ul>Low-Cost Production & Sourcing <ul><li>Major production centres in China, Vietnam etc. </li></ul>Hong Kong’s Strategic Location: Gateway to China & Heart of Asia Half the world’s population within five hours flight time!
  6. 6. Asia’s Leading City for International Business Source: 2009 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside Hong Kong, Census & Statistics Dept, HKSARG 3,580 regional headquarters and offices
  7. 7. Cosmopolitan Lifestyle & Easy Living Environment <ul><li>Countryside – 40% land country parks – mountains and beaches </li></ul><ul><li>Sports – mix of Asian and Western sports, plus calendar of international events </li></ul><ul><li>Arts/culture – world-class venues; major events and annual festivals </li></ul><ul><li>Food – local, regional, international restaurants/supermarkets </li></ul><ul><li>Education – Over 50 international schools </li></ul><ul><li>Healthcare – private doctors/clinics, plus major teaching hospitals </li></ul><ul><li>Safety – One of the lowest crime rates </li></ul><ul><li>Religion – all faiths welcome </li></ul>
  8. 8. Stable, Low & Simple Tax System Forbes Tax Misery Index 200 9 Hong Kong 3 rd from bottom, score = 41.5 Singapore eight positions higher, score = 7 8 .5 9
  9. 9. Hong Kong Budget 2009-10 Corporate Tax Cut to 16.5%; Income Tax Cut to 15% Hong Kong Mainland China Corporate tax 16.5% maximum rate Standard rate = 25% High/New Tech Enterprises (HNTE) = 15% HNTE some regions 0% Income tax 15% maximum rate (salaries) 5 - 45% VAT/GST Nil 17% Certain exemptions apply Income not subject to tax Offshore income; dividends; capital gains; tax exemption for interest income from deposits placed with authorised financial institutions All income subject to tax (certain preferential tax treatments for foreign-invested enterprises) Withholding tax Nil for dividends, management fees, interest, rent 5.25% for royalties 10% for dividends 10% for royalties 10% for interest 10% for capital gains
  10. 10. RIGHT TIME New Opportunities
  11. 11. <ul><li>Financial Services </li></ul><ul><li>Business and Professional Services </li></ul><ul><li>Trade & Logistics </li></ul><ul><li>Tourism </li></ul>Four Pillar industries
  12. 12. <ul><li>Testing and certification </li></ul><ul><li>Medical services </li></ul><ul><li>Innovation and technology </li></ul><ul><li>Cultural and creative industries </li></ul><ul><li>Environmental industry (in particular solar energy and R&D) </li></ul><ul><li>Educational services </li></ul><ul><li>Other Opportunities: </li></ul><ul><li>Wine </li></ul><ul><li>Biotechnology </li></ul>Opportunities in 6 New Areas:
  13. 13. Indian business community in Hong Kong <ul><li>India trade with Hong Kong was over US$14.15 billion in 2008 </li></ul><ul><li>Over 1500 Indian companies’ RHQs, regional offices or local offices are based in Hong Kong </li></ul><ul><li>In terms of Hong Kong trade, India is one of the Hong Kong's largest trading partner </li></ul><ul><li>Hong Kong is home to more than 45,000 Indian citizens. </li></ul><ul><li>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. </li></ul>
  14. 14. InvestHK : How can we help? <ul><li>Support overseas, Mainland and Taiwanese businesses to set up and expand in Hong Kong </li></ul><ul><li>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 </li></ul><ul><li>Provide free advice and customized services to help your business succeed </li></ul>The Department for Foreign Direct Investment Relevant up-to-date information Facilitation of set-up / expansion Matchmaking and networking support Public relations support for launch / expansion
  15. 15. Thank you! Let’s keep in touch! Mr. Narendra Sarawgi Consultant ( Bengaluru ) Email: [email_address] Tel: + 91 - 80-64516669 Mr. Siddharth Sarawgi Consultant (Bengaluru) Email: sid@investhk.com.hk Tel: +91-80- 64516669

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