Hong Kong has proved to be the real regional hub for the entire Asia region. This is where you need to be for your ambitious plans in the creative industry- whether you are looking for a multinational cooperation or small companies of even medium size of an enterprise in the creative industry. On realizing how the significant improvements in the creative industries have affected the Hong Kong economy, the government has proved to be supportive through creative HK Initiative.

Art and culture

Hong Kong is a place for those who are looking for a wide range of creative industries best including architecture, design, digital entertainment, multimedia, publishing and arts and culture among many others. Hong Kong is listed as the third largest art market whose scenes are top notch and art districts are concentrated from the centre and many more at the periphery. The government has a plan to develop new and improving the performance of already existing art centers in the city. For instance, it is in the government’s visionary plan to see the west Kowloon cultural district to stand tall and running with museums and various performing or theatre houses. The government will in addition rehabilitate the former police married quotas and the central police station to serve as heritage and arts space, design studios, exhibitions and galleries among others.

Media

The freedom of expression and information is paramount in this industry and this is what the city offers on top of the investment opportunities. With such a liberal and investment friendly environment, Hong Kong is the best in Asian region for international media companies (news agencies, print media or even TV broadcasting).

Multimedia

The city harbor of Hong Kong serves as the multicultural society that is used by a creative population, whose international awareness puts it on top in the multimedia fraternity. For your information, Hong Kong houses more than 260 multimedia companies with the wide range of services ranging from content development, film production mobile applications development, digital entertainment production and computer animations among many more.

Architectural designs

The city stands tall on design in the Asia pacific region. Due to increasing demand in the China mainland and the Asia pacific, Hong Kong serves as the best location for firms eying that market in architecture sector. Be it in product design, fashion design, graphics design, digital design and interior designs are the areas that have great potential on top of the architectural designs with a promising expansive market base. The ease of doing business is a policy the town embraces for the design management and the consultancy service providers from all over the world.

Hong Kong is acclaimed as one of the most dazzling and bright cosmopolitan city that welcomes foreigners with open heart. Its exceptional schools, healthcare facilities and fascinating culture make this city, worth living and working.

Hong Kong has been compelling the people to set up their businesses and to explore varied opportunities from around the globe for the past 150 years. Till today the city is host to diversity of business communities. Being the most cosmopolitan city in the world, Hong Kong offers a realm of services and it gives a homely feeling to the international residents but it still maintains its own peculiar culture and identity. That is a reason it is referred to as ‘Asia’s World City’. Due to its compact size, dazzling night life, breath taking scenery, safety, security and hospitality of its international community, it offers one of the outstanding expat living in continent of Asia.

Some Distinctive Features of Hong Kong

Some of the distinctive features of Hong Kong are;

• The official language of Hong Kong is English, beside many other different spoken languages.
• Companies feel at home due to the hospitality and positive attitude of National Chamber of Commerce.
• Families are welcomed with warmth by Friendly national associations.
• There are different international schools for the convenience of more than 20 national groups.

Bilingual English City of Asia

One of the distinctive features of Hong Kong is its official bilingualism. Its official languages are English and Chinese. English is a language of business community while almost 97 % of population converse in Cantonese. The information on official level and on business related websites is provided in both English and Chinese.

Easy Homing in Hong Kong

The city offers varied accommodation options from apartments in urban city to the traditional country houses in country side. The foreigners can easily choose location for accommodation and residence according to their own style and taste. There is also an abundance of rented residence facilities. The real estate agents can be extremely helpful in providing with the residence needs of the expatriates. For the shorter stay, one can choose service apartments.

International Level Educational Facilities

There is extensive range of international schooling options available in Hong Kong. This includes almost 50 international schools which range from kindergarten to primary schools and from secondary school to university levels education. These schools together offer almost 10 different kinds of educational curriculums which includes curriculums of UK, US, Australia, French, Germany, Japan, Canada, Korea, Singapore and the International Baccalaureate.

Studying in Hong Kong provides a multicultural environment to the students as students get an opportunity to mix up and grow with international students. They also get an opportunity to be exposed to different languages such as Mandarin.

Exceptional Health Care System

Hong Kong is a proud owner of one of the best and outstanding public and private health care system. There are numerous government health care hospitals and clinic which offer low cost and superior quality health care facilities to the people. Similarly private health care facilities are also exceptional offering both western medicine and Chinese traditional medicine and holistic approaches. One can easily locate an English Speaking doctor.

An Awesome Social Life

Due to wide spread social clubs, private clubs, chambers of commerce, business and other associations, consulates, special interest groups and networking clubs, it’s very easy and convenient to build up social circles and business in Hong Kong. The availability and wide spread use of social media has made it extremely easy for the foreigners to communicate and build up friendships.

Captivating Sight Seeing

Though Hong Kong has been labeled as thoroughly Urban due to its busy streets, fast paced city life and skyline harbor but still one can easily find and enjoy the serenity of its plentiful green places. Country parks, beaches and mountains occupy almost more than 40% of Hong Kong. People often enjoy the hiking trails or beaches of Hong Kong on weekends. An additional and attractive option is to enjoy the breathtaking journey of the coast line through one day cruise.

Hong Kong comes after an aggressive and another of the most generous taxation plans for any country on earth. Many offshore companies are set up in the city solely to take advantage of the simplified taxation rules. Numerous foreign entrepreneurs as well as investors are also continuously interested in the city because of its liberal taxation plan. Many of the highlights from the Hong Kong taxation program this year are below:
1) Following an intense method of its taxation plan, Hong Kong provides capped business tax prices at only 16.5 %. This is actually the lowest in Asia along with ahead of all competing nations inside the continent. Taxes within the city have been slowly lowered with regard to corporate houses as well as 2011 was not a distinctive from other years. The corporate tax price of simply 16.5 % is also served with several other taxes bonuses which effectively slow up the overall taxes liability of the company even more.
2) Hong Kong offers continued to follow along with the local approach to taxation this year. According to this method, tax debts are computed on the way to obtain the earnings. As per the most recent laws, all overseas sourced earnings is completely taxes totally free in Hong Kong even though that earnings is introduced within the city. To understand what targets as foreign acquired earnings, you have to contact a expert tax advisor in the city and experience your business dealings with these. Many offshore businesses in Hong Kong benefit from the territorial approach to taxation and also have a zero tax legal responsibility for the entire earnings of the monetary year.
3) Hong Kong has additionally carried on to follow the only rate taxation program. According to this technique, corporate earnings is taxed only one time. Following a company provides paid all their tax costs, these are free to announce dividends for their shareholders and the dividends usually are completely tax totally free. It really is a part of Hong Kong’s push to be a simplified taxation country where there no double taxation problems or complicated calculations of taxation.
4) As a favored city with regard to investments, Hong Kong additionally does not have any kind of capital benefits taxation. Whilst some other nations have began to introduce risky capital benefits tax, Hong Kong provides so far managed a lot more liberal method of investments in the city.
5) Hong Kong has additionally continued for you to pursue doble agreements along with several countries around the globe to avoid dual taxation problems for businesses within the city.