Hong Kong's investment promotion results reach record high! Enterprises coming to Hong Kong increase 41%

Recently, the Hong Kong Investment Promotion Agency announced theExciting investment results for 2024The company not only set a new record high, but also showed the world with a series of eye-catching data that theHong Kong's strong appeal as Asia's leading business hub.

#01

Record high number of inbound enterprises

Invest Hong Kong (InvestHK) of the Hong Kong SAR Government announced on January 20, 2024, that it has achieved a record high in attracting investment.assisted 539 Mainland and overseas enterprises to set up or expand their business in Hong Kong.The jump of more than 411 TP3T from 2023 reflects Hong Kong's growing attractiveness as a leading business hub in Asia.

These businesses are estimated toBringing over HK$67.7 billion of investment to the Hong Kong economyIn the first year of operation, they expect to achieve a record growth of approximately 10% compared to last year, and they also expect to achieve a record growth of approximately 10% in the first year of operation.Created 6,864 new jobs in Hong Kong, up over 67% from last year.

Businesses come from a wide range of sources, includingMainland China, USA, France, UKup toSingaporeanetc. In terms of industry distribution, these companies coverInnovative technology, financial servicesup toFintech, tourismup tobe hospitable toetc.

The Director-General of Investment Promotion, Mr. Kenneth Lau, said that last year's record investment results reflected Hong Kong's position as a leading business hub in Asia.The attractiveness of doing business continues unabatedThe fact that overseas and Mainland enterprises have confidence in Hong Kong and have chosen Hong Kong as their base for expanding their business in the Asian region has made Hong Kong's"Supercontacts"up to"Super Value-Added Man"The role brings a unique advantage to the organization.

#02

Hong Kong's business attractiveness continues to grow

As one of the world's foremost international financial centers, Hong Kong has a number of unique advantages that make it an attractive location for entrepreneurs and investors from around the world.

1. Favorable tax environment

Hong Kong has a simple and low tax system, with a corporate income tax rate of 16.51 TP3T and a maximum personal income tax rate of 171 TP3T.

In addition, Hong Kong has no value-added tax, sales tax, capital gains tax or inheritance tax, which provides significant tax benefits to businesses and individuals.

2. Geographic and logistical accessibility

Located in the heart of Asia, Hong Kong is the ideal gateway to mainland China and other Asia Pacific markets.

Its world-class port facilities and international airport allow goods and services to move quickly and easily to and from international markets.

3. Sound legal system

Based on the English common law system, Hong Kong has a sophisticated and transparent legal framework that ensures fair competition and protection of property rights in business activities.

This has boosted investor confidence and contributed to the growth of international trade and investment.

4. Open market policies

Hong Kong adheres to a free trade policy and does not levy tariffs on most imported goods. There is no exchange control and funds can flow in and out freely.

This openness has greatly facilitated the operations and development of TNCs.

5. Internationalized talent pool

As an international metropolis, Hong Kong brings together professionals from all over the world.

There are not only professionals trained in the excellent local education system, but also many professionals returning from overseas, creating a diverse and highly skilled talent pool.

Data don't lie! Latest figures released by Invest Hong KongThis reflects that Hong Kong's business attractiveness remains strong.

As the global economic landscape continues to change, Hong Kong, with itsUnique geographic location, favorable business environmentcap (a poem)Open market attitudeIt will continue to write its brilliant chapter as Asia's business center.

If you are planning to do business in Hong Kong, please feel free to contact us!