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Best 5 reasons to start your business in Hong Kong

Hong kong is emerging as entrepreneurs' choice. so we are here to present 5 reasons to start your business in Hong Kong. Learn new business opportunities with pcex :- https://www.pcex.io/business-in-hong-kong/

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Best 5 reasons to start your business in Hong Kong

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  1. Government Initiatives • The Government of Hong Kong allows foreigners to own and operate their business solely. • The government has a separate department established solely for foreigners which gives them free investment promotion. • Hong Kong has eradicated a number of taxes to promote the business investment. The land also follows a zero corporate tax policy which makes tax payable only for business activities within the country.

  2. A Diversity of Banks • In Hong Kong one can choose from a wide variety of facilities in Banking sector. • According to HKMA Register of Authorized Institutions and Local Representative Office there are around 190 banks in Hong Kong. • About 50 foreign banks have a local branch in Hong Kong.

  3. Great Opportunities in Cryptocurrencies • Hong Kong is well known as the global and regional hub for cryptocurrency. • Hong Kong has the highest rate of Fintech use at 29.1% • Wide number of Crypto-exchanges help start-ups to raise their capital and advance in the market. • Hong Kong’s fertile policies towards cryptocurrency gives new investment chances.

  4. Lenient Write-Off Policy • Hong Kong offers a very beneficial write-off policy making allowing businessmen to save money. • Businessmen can save money on travel for work purposes. • Meals and entertainment is deductible upto 50%. • Charges for seminars, year-end parties etc are upto 100% deductible.

  5. Living standards and health facilities. • Hong Kong offers dynamic lifestyle and excellent residence. • Hong Kong offers lifetime insurance offer which keeps one covered in all the aspects. • There are around 180 hospitals in Hong Kong, making healthcare available to all.

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