BWI: Hong Kong Set to Emerge as the Most Ideal Investment Destination in 2011 Predicts GuideMeHongKong.com

Press release from Business Wire India
Source: GuideMeHongKong.com
Friday, April 15, 2011 10:00 AM IST (04:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Retailers; Technology
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Hong Kong Set to Emerge as the Most Ideal Investment Destination in 2011 Predicts GuideMeHongKong.com
GuideMeHongKong.com's analysis of recently released economic data suggests that Hong Kong is likely to emerge as the most ideal investment destination in 2011

Hong Kong S.A.R, Friday, April 15, 2011 -- (Business Wire India) -- Strong FDI inflows, rising levels of entrepreneurial activity, and worldwide recognition of Hong Kong's investor friendly climate are positive indicators pointing towards the likelihood of Hong Kong emerging as a leading investment destination in 2011, predicts Hong Kong company incorporation portal, GuideMeHongKong.com.

The Hong Kong Census and Statistics Department's Foreign Direct Investment figures for 2010 show that FDI inflows into Hong Kong amounted to HK$535.3 billion, marking a 32% y-o-y increase. Subsequently, Hong Kong's FDI stock value represented an increase of 17.5% y-o-y to reach HK$8.5 trillion at the end of 2010. According to a report by the UN Conference on Trade and Development, FDI flows to developing economies rose by 10% to $525 billion in 2010 and Hong Kong was among the top FDI recipients in the region.

GuideMeHongKong.com asserts that Hong Kong's pro-enterprise and investor-friendly environment play a central role in positioning the territory as an ideal investment destination. Ms. Jacqueline Low, the Director of Janus Corporate Solutions - the parent of the www.GuideMeHongKong.com site said, "The 'Look East' policy is gaining momentum and investors are shopping for a regional business jurisdiction that is open to foreign investments, imposes low taxes, provides excellent infrastructure, is politically stable, free from red-tape, and is economically sound. Hong Kong scores highly on all these parameters. Proximity to mainland China and preferential access to the country under CEPA gives Hong Kong a competitive edge."

Hong Kong encourages foreign investment by imposing no restrictions on foreigners who wish to incorporate a Hong Kong company. Foreigners are allowed retain complete ownership of a Hong Kong private limited company. The absence of foreign exchange controls ensures freedom in movement of capital. Furthermore, Hong Kong's corporate tax rate of 16.5% is the region's lowest. There is no tax on foreign-sourced income, no capital gains tax, no VAT, no dividend tax, no inheritance tax, no withholding tax on dividends or interest, and no foreign exchange controls. Hong Kong's continually growing tax treaty network is an added incentive for doing business in the region. The strict rule of law, an efficient bureaucracy, and a high degree of investor protection are prompting many investors to setup a Hong Kong subsidiary company or a Hong Kong branch.

A recent survey by Singapore-based political risk consultancy, Vriens & Partners, ranked Hong Kong as the most investor-friendly country in Asia-Pacific. GuideMeHongKong.com's analysis of latest Hong Kong company formation statistics also supports Hong Kong's longevity as an investment destination. According to the Hong Kong Companies Registry, there were a total of 35,253 Hong Kong companies that were incorporated during Q1 2011. Mainland China, US, UK, Japan, and the Netherlands are some of the countries that are making major investments in Hong Kong.

"By fostering a business-friendly climate, Hong Kong has opened up opportunities for foreign companies and investors wishing to make large scale investments in the region. We are confident that Hong Kong will emerge as a top investment destination this year and we anticipate a strong demand for our Hong Kong company formation services in the months to come," said Ms. Low.

About GuideMeHongKong.com

GuideMeHongKong.com is a Hong Kong focused business portal that provides Hong Kong company incorporation, taxation, and immigration related information for organizations and individuals worldwide.


CONTACT DETAILS
Andrew Chen, GuideMeHongKong.com, +65-6222-7445, contact@guidemehongkong.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, RETAIL, TECHNOLOGY

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