Doing Business in Hong Kong
Hong Kong is a cosmopolitan city, well known for its business-friendly environment, rule of law, free trade and free flow of information, open and fair competition, well-established and comprehensive financial networks, superb transport and communications infrastructure, sophisticated support services, and a flexible labour market with a well-educated and highly motivated workforce. Hong Kong has a fully convertible and stable currency, and a simple, low-tax system.
Hong Kong is the natural gateway for trade and investment in Mainland China. With its international outlook and its status as the region's premier business hub, Hong Kong serves as an ideal base for international businesses looking to tap the vast opportunities in China and other parts of Asia.
Hong Kong signed a unique free trade agreement with Mainland China, the Closer Economic Partnership Arrangement (CEPA), in 2003. It is an open and developing free trade agreement. Adopting a building block approach, the Mainland and Hong Kong have continuously expanding the scope and content of CEPA over the years. It covers four broad areas: (1) Trade in Goods, (2) Trade in Services, (3) Investment, and (4) Economic and Technical Cooperation. Because CEPA rules are nationality-neutral, companies from around the world can enjoy the same benefits as local Hong Kong firms if they set up business in Hong Kong or partner with Hong Kong companies to fulfil the CEPA rules.
Overseas entrepreneurs, small and medium-sized enterprises and multinationals, who are considering to set up an office or expand their existing business in Hong Kong, are welcome to approach InvestHK — a government department which offers free advice and services to support companies from the planning stage right through to the launch and expansion of their business.
More information about doing business in Hong Kong can be found here.
Trade relations between Hong Kong and Japan
Hong Kong and Japan enjoy a close trading relationship. In 2017, Japan was Hong Kong's 4th largest trading partner. Reciprocally, Hong Kong was Japan's 8th ranking trading partner in 2017.
Hong Kong has been Japan's largest overseas market for food and agricultural products since 2007. In 2018, we imported from Japan some 211 billion yen worth of such products, which was about a quarter of all such exports from Japan to the world.
In 2018, of the some 9,000 companies in Hong Kong representing parent companies located outside Hong Kong, about 1,400 are set up by the Japanese companies, making up the largest group of overseas companies.
More information about the trade relations between Hong Kong and Japan can be found here.