Electronic companies which seek to expand will find Hong Kong the best place to be in. there are all the requirements that business will require so that it increases the rate of production. This is something which most people have realised and are now setting up companies in the city so that they get the returns in investment. What you should know is that for you to expand the business there are some factors which you should consider. These include:

1.       Research base

In Hong Kong you will find all that you need so that you find all the required details. With the education facilities in the city and people who are experts in the electronic field. The good thing is that the population if huge and most people are knowledgeable on field therefore you will be in a position to find people offering quality services at very affordable prices.

2.       Intellectual property protection

In Hong Kong you will enjoy the benefits of a rigorous intellectual property hence making it possible to offer the best services. You can therefore rest assured that whatever you produce you will have the ownership.

3.       Excellent communication and transport network

You will enjoy faster communications since the city has excellent facilities. This is usually very important since you will have to involve quite a lot of people hence the need to meet from time to time. The city has several airlines that will give you access to the other cities in china. On the other hand, you will also be able to move to other countries within the continent. This will save on the time taken to consult with the required people. The city also has a railway line that passes through which can be of services whenever you require raw materials. With expansion, you will require an additional volume of raw materials. The trains will be the best option for you to use while transporting the raw materials to the site of production especially when they are bulky.

4.       Market

You will also enjoy from readily available market both locally and internationally. The good thing with this choice of location is that it is well known to be a provider of electronics therefore it can guarantee people that whatever you are producing is genuine. The huge population of the locals alone can be enough to give the business huge returns but there is no harm in exploiting the markets overseas as well.

Hong Kong is now one of the most popular destination for international business. Several factors such as its socio-political stability, strong judicial system, free-market laws and use of English as the primary business language has contributed to Hong Kong being the most favourable place to set up a business.

Several business ventures across the Hong Kong city are running successfully on the basis of its open economy, which is free from corruption. Moreover the free flow of information coupled with the rule of law has been its greatest advantage as a business-friendly city. Ernst and Young, a reputed professional services firm, along with Economist Intelligence Unit (EIU) have selected Hong Kong as the city with the largest globalization for the third time in a row in its yearly report named Globalization Index 2012.

Hong Kong, which is governed under the Chinese sovereignty since 1997 has its own legal and political system that runs on principles based on the concept of “One country, two systems”. The successful implementation of this concept has provided Hong Kong with several unique advantages. It has been able to retain its core strengths that make it a favourable international business destination and also has direct access to the entire market of Mainland China.

For international business, it is a great place to set up since there are no restrictions on foreign ownership. An independent judiciary helps the government uphold the rule of law and keep it clean from corruption. Moreover, the system facilitates mobility of capital, goods, information and talent which is an important factor for a successful business venture. Organizations are provided with autonomous legislative and executive powers that ease the process of running a business in Hong Kong. Chinese and English, which covers more than half of the world’s population in terms of language used for communication, are the official languages for Hong Kong. However, for the purpose of business and contracts, English is the usual language, which provides an international appeal to Hong Kong.

The “Transparency International’s Corruption Perceptions Index 2012” report has named Hong Kong as one of the least corrupt administration in the world ahead of economies like Japan, UK and the US. This has been achieved through its strong public administration and independent monitoring  system, Independent Commission Against Corruption (ICAC). The Hong Kong administration has absolutely zero tolerance for bribery and influence-peddling, and the anti-corruption model has been replicated in several other economies including Australia.

Most people usually look forward to moving to places that are better than where they currently reside in. this does not mean that people stay at places that are considered bad but just that that they places with better facilities. This is one reason that has contributed to the popularity of Hong Kong as a choice for people who intend on moving. People might move with the aim of starting a business but you should know that they also consider how good their family will cope in the environment. The good thing is that in Hong Kong people are able to get all the things they will require to live a comfortable life.

For instance, there are excellent schools that people can take their children to. These schools have all the necessary facilities that will guarantee that the children receive quality services. They also receive world class education services which help in making them better people in the future. In these schools they can learn the cultures of the natives in Hong Kong hence making it quite exciting to stay go to these schools. Since China is becoming a superpower, learning Chinese could be of great help to the children too and the good thing is that in these schools, they get the services from the best.

Health services are also of high quality in the city since they rely on the latest equipment. This guarantees the safety of the people who intend on setting up companies in the area and their families. The people working in the health facilities are experts therefore you can stay assured that whatever health complications you ever run into you will always get the best treatment. What is even more exciting about the place is that it is a cosmopolitan city therefore you can meet people who come from the same place as you.

The city is of a compact size and you also stand to enjoy from the beautiful scenery and a community that is very friendly. Another thing that makes people opt to stay here as compared to the other cities is that English is widely spoken therefore you will rarely suffer from challenges such as language barrier. You will be surprised at the ease with which you find a home in this city. You will have a variety to choose from all of which are well designed.  Generally, this is a city in which most people have been able to move in and fit right in without meeting any challenges.

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.

Most people who go to Hong Kong to set up companies usually start with smaller business so that they have very little to lose. After taking all the safety measures, it becomes necessary to expand the business at a later stage of the company’s life. However, in order to do this you have to ensure that you follow the right steps so that you do so with assured success. This is where the http://www.investhk.gov.hk/index.html comes in very useful. They make sure strategy which you use to expand your business is most effective hence making their services very useful.

They are in a position to take advantage of business network opportunities so that they increase the client base of a company. This is very important because if you intend on expanding a company you should be also be able to find the market that will pay for the additional services which you offer. In Hong Kong, you can find the ready market thanks to the huge population that stay in the city. The good this is that they also have a high purchasing power hence in a position to pay for what you offer.

The expansion will also require increased work force therefore you have to find the people with the required skills. By relying on the services of http://www.investhk.gov.hk/index.html, you can rest assured that you will find the right people for the job within the required time. With the huge population, you will be sure to get people who are more than qualifies for the job hence making it even more beneficial for the business. This is possible mainly due to the good training facilities and the high education system in city.

Since the expansion will require funding, you will be able to get sound advice on the best ways to use so that you get grants and benefit from most of the business initiatives. This will come in very useful since the expansion required quite a lot of funds that most people might not be in a position to afford it. This therefore will reduce the pressure that people have whenever financing the expansion is concerned. You should also know that the expansion will only come about when you connect with other businesses whose services you can rely on so that you expand your own. With this company, you can stay assured that this will be made easy since they have a list of most businesses that would be more than willing to make deals with your business. Generally, expansion is made easy with this company and most people have been able to benefit quite a lot from it.

In order for a business to succeed, the location where it exists in will play a huge role. There are a couple of factors that the location determines. For instance, the infrastructure that will make the services of the business much more efficient will depend on the areas where the business exists. If it is placed in an area where there is an already established network the services will be offered within the shortest time durations therefore increasing the profit margins. This is one thing that this location is able to make sure you benefit from.

The other thing that you should consider when you pick the location to place a business is the market. The services you offer should have ready market so that you keep the business running. In Hong Kong, you are able to benefit from the huge population that would be willing to pay for the services which you offer. In any case, you will have more demand judging from the fact that it is a city located in the world’s most populated country. With this you can rest assured that the business will always keep running therefore more profits for you.

The huge population not only provides ready market but labour too. This comes in handy since the huge demand of people will mean that they agree to lower rates as compared to that which you would have incurred while hiring services from outside. You are also certain of getting the required number no matter the size of labour force you might need. In most cases, people have taken advantage of this and are doing very well with their businesses within the city. The people offering the labour services are skilled therefore you are guaranteed quality services.

The accessibility of the location you pick is another thing which you have to consider. For instance, you should establish the business in an area where is accessible to other cities that you might have to visit so that you make other deals. The good thing is that with Hong Kong you are assured ease of movement since it is centrally located therefore the best location people can settle for if they also intend on carrying out business transaction deals with other countries in the continent. Generally, Hong Kong is a place that most businesses would thrive in since the location has all the factors that make the environment healthy for business operations.