Why should Indian firms locate to Hong Kong? Allows them to tap growing Southeast Asian markets.Hong Kong Trade Development Council described the city as the perfect launch pad for Indian companies that are keen to tap into the growing Southeast Asian markets. In a bid to boost investment flows and strengthen inter-regional ties, Hong Kong is giving incentives and encouraging Indian companies to use Hong Kong as a catalyst for their regional and international expansion plans. HKTDC Marketing Manager Sunny Chau said some 1,500 Indian corporates are currently operating in Hong Kong. "Foreign Direct Investment to India from Hong Kong has been increasing in recent years. Hong Kong is also a major sourcing centre for Indian companies and it has emerged as a major re-exporter to mainland China of items it imports from India," he said. There is a tariff-free access to mainland China for virtually all HK-originated products and preferential treatment for HK services sectors, including banking, legal, construction, information technology, convention. Setting up a company in Hong Kong is quick and easy. There is no bureaucracy involved in setting up a business in Hong Kong. Foreigners are allowed 100% shareholding in a Hong Kong company and no special approval is required from the authorities.
Posted on: Mon, 12 Aug 2013 03:56:45 +0000
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