Member Article

Hong Kong is a Special Administrative Region of the People's Republic of China which is governed by the Basic Law which forms a mini constitution for Hong Kong. Under the Basic Law, Hong Kong enjoys a high degree of autonomy except in relation to matters such as defence or foreign affairs. It has its own executive, legislative and independent judicial power including that of final adjudication. Socialist systems and policies will not be practised in Hong Kong for a period of 50 years commencing in 1997 under the principle of "one country two systems". Hong Kong is an attractive place to do business and a leading international trading and service hub as well as a high value-added manufacturing base. It is one of the freest economies in the world and a gateway to investment in China. The Hong Kong government practises an open and liberal investment policy and actively encourages inward investment. Generally, there are no tariffs or regulatory measures adversely affecting international trade. Hong Kong's continuing success is largely due to a simple tax structure, low rates of tax, an excellent infrastructure and the government’s firm commitment to free trade and free enterprise. This guide is an overview of the various factors that a foreign investor should consider when establishing a business in Hong Kong. Please visit: http://www.deacons.com.hk/eng/knowledge/knowledge_207.htm