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Welcome to Hong Kong

Welcome to Hong Kong. Hong Kong : The Gateway to China Hong Kong’s Role in Growing Your Business in Asia. Gus Franklyn-Bute. About InvestHK. The Department for Foreign Direct Investment. Support overseas, Mainland and Taiwanese businesses to set up and expand in Hong Kong

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Welcome to Hong Kong

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  1. Welcome to Hong Kong Hong Kong: The Gateway to China Hong Kong’s Role in Growing Your Business in Asia Gus Franklyn-Bute

  2. About InvestHK 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 your business in Hong Kong for the right reasonsin order to be more competitive and make more profit • Provide free advice and customized services to help your business succeed Public relations support for launch / expansion Matchmaking and networking support Facilitation of set-up / expansion Relevant up-to-date information

  3. 3 Markets, 3 Opportunities for Estonian Businesses • Three (3) Markets • Hong Kong > A dynamic consumer market • Hong Kong + Mainland China • Hong Kong + Asia • Business or Operational Functions - E.g. • Sales and Marketing • Research & Development • Sourcing and Procurement • Regional Office/Regional HQ Management • Treasury Functions • Low Tax… or No Tax

  4. Hong Kong – Dynamic consumer market • Free port – no import or export tariffs on most goods • No sales tax – maximise consumer business opportunities • Hong Kong loves to shop – total retail sales in 2010 at HK$324.9 billion, an 18.3% increase over 2009 • Maximise brand and product exposure to more than 36 million (and growing!) visitors to Hong Kong • With over 22 million Mainland Chinese visitors, Hong Kong is the shop window for Mainland consumers • World-class logistics, infrastructure and financial services to support and help develop consumer activities in Hong Kong and Asia • Large pool of tri-lingual and capable talent with international experience to help your consumer business • Hong Kong a testing ground before entering Mainland China – minimising risk

  5. Hong Kong + China Gateway to the Mainland “No other city in the world can help overseas investors manage the risks inherent in entering Chinese Mainland markets as well as Hong Kong” Source: E.E. Scott, First Choice Hong Kong – Your Asia Pacific Platform

  6. China opportunities • Supporting China’s development • Raising capital, upgrading corporate skills, international exposure, testing/tailoring products • Leisure & business visitors • 36 million visitors in 2010, fuelling retail, leisure, hospitality sectors – 22.7 million from mainland China • Closer Economic Partnership Arrangement (CEPA) • Double Taxation Agreement • RMB trade settlement, RMB Banking and RMB bond issue

  7. Major Fund Raising Centre for Mainland Companies Source: HKEx

  8. Hong Kong + Asia Opportunities

  9. RHQs / ROs / LOs in Hong Kong 2001 – 2010 Source: C&SD

  10. Hong Kong:How to use the Hong Kong Advantage Most common business activities by overseas businesses • Sales and Marketinge.g. local and region sales and marketing operation to promote your own products and services to international buyers • Research & Developmente.g. HK Science Park, Cyberport, testing new retail product • Sourcing and Procuremente.g. access of most dynamic exhibitions, fairs, and events to obtain newest products • Regional Office/Regional HQ Managemente.g. location to manage Far East agents, suppliers and manufacturing • Treasury Functionse.g. Regional or Global Financial and Foreign Exchange Management

  11. Hong Kong offers “Business Freedom” • Level playing field for all • No foreign ownership rules • Rule of law, low corruption • Freely transferable currency • Freedom of information • Advanced infrastructure • Low tax … or no tax!

  12. Forbes’ Tax Misery Index 2009

  13. Hong Kong Low Tax Regime Corporate Tax Cut to 16.5%; Income Tax Cut to 15%

  14. InvestHK Sector Specialist Teams • Business & Professional Service • Consumer Products • Financial Services • ICT • Innovation &Technology • Creative Industries • Tourism & Hospitality • Transportation & Industrial

  15. Invest Hong Kong: how we can help • Enjoy our free services • Latest information on business environment and opportunities • Contacts for all aspects of business establishment • Arranging tailored visit programmes • Support and assistance with visa applications, trade regulations etc. • Public relations services during your launch/expansion • Advice on settling in Hong Kong – housing, schooling, healthcare

  16. Thank you! InvestHK London Gus Franklyn-Bute +44 (0)207 499 9821 www.investhk.gov.hk

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