A big thank you to the Hong Kong Commissioner to the United States, Clement Leung, and the Hong Kong Economic & Trade Office for hosting us last night.
Here is some of what we learned:
Hong Kong is a great place to do business- The World Bank Doing Business Reports rank it as #4 in the entire world for ease of doing business, and #3 in the world for the ease of starting a business. It only costs one dollar to register a new business, and less than an hour of time. And paying taxes takes less than fifteen minutes - Clement Leung joked that this is easier than ordering a pizza on-line!
Hong Kong is a great hub country for building a multinational business. For instance, Hong Kong is the US's fifth largest importer of beef. With a population of less than eight million people, most of that is destined for trade with other countries in the region. If you expand business into Hong Kong, your company’s opportunities in neighboring countries will multiply.
Hong Kong is relatively conservative with financial regulations. They do not allow for complex structures, and each common stock gets one vote. This is why they lost out on the IPO of Alibaba to the New York Stock Exchange.
This event was put on by the Hong Kong Economic & Trade Office and the Wharton Club of DC, and was open to business professionals from all backgrounds.
Here is some of what we learned:
Hong Kong is a great place to do business- The World Bank Doing Business Reports rank it as #4 in the entire world for ease of doing business, and #3 in the world for the ease of starting a business. It only costs one dollar to register a new business, and less than an hour of time. And paying taxes takes less than fifteen minutes - Clement Leung joked that this is easier than ordering a pizza on-line!
Hong Kong is a great hub country for building a multinational business. For instance, Hong Kong is the US's fifth largest importer of beef. With a population of less than eight million people, most of that is destined for trade with other countries in the region. If you expand business into Hong Kong, your company’s opportunities in neighboring countries will multiply.
Hong Kong is relatively conservative with financial regulations. They do not allow for complex structures, and each common stock gets one vote. This is why they lost out on the IPO of Alibaba to the New York Stock Exchange.
This event was put on by the Hong Kong Economic & Trade Office and the Wharton Club of DC, and was open to business professionals from all backgrounds.
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