Establishing a company in Hong Kong
Hong Kong is categorized as one of China’s Special Administrative Regions; it part of the “One China - Two Systems” model of the Chinese Republic (meaning centralist Chinese control that permits economic and operational freedom) and so this dense and ultra-developed region is the gateway to China and the entirety of Asia. Hong Kong is situated on China’s southern coast and its territories include several islands and a small land area surrounded by the delta adjoining Pearl River and the South China Sea. It became a territory of the British after the Opium War (between the UK and China over control of trade routes, years 1840-1860) and remained under its control until its return to China in 1997, excluding a short period of Japanese conquest during World War II. Establishing a company there offers a bounty of advantages for any business activity in the East.
Hong Kong’s government and politics are very different from that of mainland China, and it is autonomous in many respects, remaining practically unchanged in terms of economy and management since the reign of the British – a fact that makes it very easy to register foreign companies there and conduct in business in China. Culturally, economically and demographically, Hong Kong is defined as the meeting point between East and West, and this term is particularly apt for such a dynamic and unique territory.