Hong Kong: A Special Administrative Region
Recent Posts
Pages
- Landing Tere
- Name
- Landing
- Banking Assistant
- Chinese Translator
- PPTA
- Bank account
- Home – Portuguese
- HK Registration
- Privacy Policies
- Payments
- Web design
- Main Aspects to Consider
- Documentation and Data
- Our Clients
- Our services
- Blog
- Accounting
- Form
- Secretary and Address
- Corporate Obligations
- Society Constitution
- Why HK?
- DESIGN
- Banks
- Start
- Request an interview
- Equipment
- Legal and Tax System
- Companies
- Contact
- Us
- Home2
Governments of major Chinese cities, such as Shanghai, Guangzhou, Shenzhen and Beijing, have put in place strategies to attract foreign investors. Hong Kong is included in this list, and has similar characteristics to other cities, such as a friendly business environment and a system of tax incentives. However, its status as a Special Administrative Region distinguishes it from other mainland Chinese cities, giving it a special advantage.
One China: Two Systems
One country, two systems. Hong Kong and Macao are separate administrative areas under the authority of the People's Republic of China. In accordance with the principle of «un país, dos sistemas», each city has its own independent government, comprising legislative, executive and judicial institutions, as well as individual economic and fiscal policies that are distinct from those of the rest of mainland China.
It should also be noted that Hong Kong's legal framework is established by the Basic Law, and the constitution is built on the basis of the Common Law. Pursuant to the Basic Law, the legal system and statutes of the Hong Kong Special Administrative Region (HKSAR) will continue to apply. This structure is more conducive to entrepreneurs and investors, as they are well acquainted with the common law system.
En este sentido, hay dos aspectos a destacar como fortalezas de Hong Kong. En primer lugar, la transparencia gubernamental es un punto a favor. El ranking de Hong Kong fue #4 en Asia Pacífico y #12 en el mundo sobre transparencia gubernamental en 2021. La ciudad es una de las zonas más «limpias» para hacer negocios según el Índice de Percepción de la Corrupción de 2021 elaborado por Transparencia Internacional. La Comisión Independiente contra la Corrupción se creó en 1974 para mostrar el compromiso del gobierno de Hong Kong con la lucha contra la corrupción y la creación de un entorno empresarial justo y libre de corrupción para todas las empresas que operan en Hong Kong.
On the other hand, Hong Kong has been using its currency, the Hong Kong dollar, instead of the yuan as China's currency. Maintaining a stable currency between the Hong Kong dollar and the US dollar is a priority in the monetary policies of the Hong Kong Special Administrative Region government. Currency stability is an important factor driving the development of Hong Kong's economy and making it the world's financial center. Therefore, the Hong Kong government is committed to maintaining a stable currency as the basis for developing its economy, attracting more foreign investors, and creating a one-stop shop in the financial system between Hong Kong and China.
In conclusion, it is worth mentioning that the above has a direct impact on the business world. From the above, the main benefits of Hong Kong emerge:
- Attractive tax system.
- Business privacy.
- Simplicity of corporate regulation.
- Free trade.
- Freedom of currency.
- High international reputation.
