Hong Kong
Hong Kong
Hong Kong boasts a highly developed and free-market economy, driven by a thriving financial services sector and global trade. Its strategic location, low taxation, and business-friendly regulations continue to attract int companies and investors.
Strategic business location
Hong Kong’s prime location on China’s southeastern coast gives companies ready access to several large Asian markets, including the immense mainland Chinese market
Robust free markets
Hong Kong places no limits on inward or outward investments, so trade can flow freely in either direction across the country’s borders. It also has no controls on international exchange.
Trained, educated workforce
Hong Kong’s workforce is highly skilled, trained, and educated. If your company needs linguistic fluency in its workers, Hong Kong is an excellent place to find talented bilingual or trilingual employees.
Economic statistics
US$48.984
GDP per capita (2022)
The World Bank
33.6%
Foreign direct investment, net inflows (2022)
The World Bank
5th
Global Competitiveness Index (2022)
Institute for Management Development
About this market
7.3M
Population (2022)
The World Bank
US$359.84b
GDP (2022)
The World Bank
-3.5%
GDP growth (2022)
The World Bank
Key opportunities
Hong Kong has developed a thriving technology ecosystem, with a focus on areas such as fintech, biotech, artificial intelligence, and smart city solutions. It has invested heavily in creating an environment conducive to tech startups and research and development (R&D) activities. Hong Kong’s legal system provides strong protection for intellectual property, giving foreign companies confidence in conducting R&D and innovation without risking intellectual property theft.
Hong Kong’s dynamic technology and innovation sector, combined with its unique position as a global and regional business hub, provides an excellent environment for foreign companies to tap into emerging markets, access capital, and leverage a supportive ecosystem for innovation and growth.
Hong Kong is prioritizing the development of green and sustainable technologies to address environmental challenges. The government is actively supporting initiatives related to renewable energy, waste management, and eco-friendly innovations. For foreign companies, this presents opportunities to collaborate on projects that enhance sustainability in one of Asia’s major business hubs.
These partnerships can leverage Hong Kong’s well-established infrastructure and its strategic location for accessing the growing green markets of the Asia-Pacific region. Moreover, foreign companies involved in green and sustainable technologies can contribute to Hong Kong’s commitment to reducing its environmental footprint and fostering innovation.
Hong Kong’s healthcare and biotechnology sector is characterized by world-class medical facilities, cutting-edge research, and a robust regulatory environment. Foreign companies entering this market can collaborate with local institutions on innovative medical research and technology projects. The city’s strategic location in Asia provides a gateway to a vast healthcare market, allowing foreign companies to tap into the region’s growing demand for advanced medical solutions and biotechnological innovations.
This sector’s growth is also supported by government incentives and investment, making Hong Kong an attractive destination for foreign firms seeking to participate in the thriving healthcare and biotechnology ecosystem.
Hong Kong’s infrastructure is renowned for its efficiency, connectivity, and world-class facilities. The city boasts a well-developed transportation network, including one of the world’s busiest container ports and a cutting-edge airport. This infrastructure benefits new foreign companies by ensuring smooth logistics and connectivity to global markets.
Hong Kong’s modern business districts, such as Central and Kowloon East, offer prime office spaces and excellent telecommunication infrastructure. These factors make it an attractive hub for international companies looking to establish a strong and well-connected presence in the Asia-Pacific region.
Ways for you to start in Hong Kong
Doing Business | Hong Kong
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