"Its biggest drawcard remains its pro-business regulatory environment: The city was again named the world's most free economy by Canada's Fraser Institute in 2024, and it reclaimed its spot as Asia's top financial center (and #3 globally) in the latest Global Financial Centres Index, overtaking Singapore. This reflects certain long-term strengths that startups value in Hong Kong: openness to trade, strong property rights, a depth of financial expertise and a supportive financial infrastructure."
"In recent months, I've helped a major American jewelry company establish a Hong Kong entity to support trade between the U.S. and China. I'm also working with a Dutch quality control and sourcing firm to set up a Hong Kong base for managing their international operations. Drawing on this experience, I'll use this article to explain why Hong Kong continues to be a leading incorporation hub for SMEs and startups."
Hong Kong offers low taxes, minimal red tape and strategic proximity to megacities like Shanghai, Shenzhen and Guangzhou, making it highly attractive for international incorporation. Startup numbers reached a record 4,694 in 2024, and the city hosts 9,960 overseas and mainland China companies. The city was named the world's most free economy (Fraser Institute 2024) and reclaimed Asia's top financial center position (#3 globally). Core strengths include openness to trade, strong property rights, deep financial expertise and supportive financial infrastructure, which translate into abundant access to capital from banks, private equity, venture capital, angel investors and family offices. Examples include U.S. and Dutch firms establishing Hong Kong bases for trade and operations.
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