Hong Kong tax system

Why Hong Kong?

- Hong Kong is Asia’s Business Capital.
- Hong Kong has the best location and transport links across Asia and internationally.
- All of the region’s key markets are within 4 hours flight time, and 50% of the world’s population is within 5 hours flight time.
- Hong Kong’s proximity to and close and unique relationship with Mainland China has made it the business gateway to China for more than 150 years.
- Hong Kong practices a high degree of autonomy from the Mainland, with executive and legislative powers.
- Free movement of capital, talent, goods and information.
- Clean government, with a laissez-faire approach to business activities.
- English is the language of business in Hong Kong, and many people speak English, Mandarin and Cantonese.
Link to InvestHK

Taxation

- Hong Kong operates a low and simple tax system.
- Corporate profits tax is maximum 16.5%, and personal income tax 15%.
- There is no Sales tax, no Withholding tax, and no tax on Capital Gains, Dividends or an individual’s Estate.
- International shipping activities are exempt from profits tax, and no profits tax is levied on overseas earnings.
Link to Tax information

Ship operators are more susceptible to double taxation than other taxpayers due to the international nature of shipping operations. The HK SAR Government has made it a priority to negotiate Double Taxation Agreements with Hong Kong’s major trading partners.
Link to Double Taxation information

Immigration

- Hong Kong is a separate travel area to Mainland China. Hong Kong has visa-free entry for visitors who are nationals of over 170 countries and territories.
- Generally, foreign nationals must obtain a visa before coming to Hong Kong to live, work or invest. The main types of visas are: Employment; Investment; Capital Investment Entrant Scheme; and Dependent Visas.
- There are many international schools in Hong Kong. There are also high standards of healthcare and a cosmopolitan environment.
Link to Visa information
Link to Cosmopolitan Lifestyle

Company

- Setting up a company in Hong Kong is fast, easy and inexpensive.
- There are different company structures to suit different business requirements. The most commonly used company structure is a Limited Company. Other options include registration of a Branch Office of the parent company, and a Representative Office. Foreign companies can register and carry on business in Hong Kong if that is beneficial...

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