|HK Growing In Popularity for Foreign Companies|
The number of foreign and mainland companies with subsidiaries in Hong Kong grew 2.7 percent to 7,449 in the year ending June 1. Japanese companies made the biggest stride into the special administrative region, setting up 171 more subsidiaries in the past year, bringing the total to 1,389.
Foreign companies list Hong Kong's simple tax system and low tax rate as the top reason why they choose to establish in the city. Other favorable factors include the free flow of information, geographical location, free port status and the rule of law.
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Published on our website on October 31, 2013