Approximately 4,000 foreign-owned and Mainland companies have set up their regional headquarters or office in Hong Kong, up more than 50% in the past decade, making the city the most popular in Asia for foreign companies, Financial Secretary John Tsang says.
Speaking at a business lunch in Vienna on 27th May, Tsang stated that some companies regarded Hong Kong as a low-risk starting point for doing business in China.
Tsang argued that small companies with little appetite or budget for risk could feel secure in Hong Kong's familiar and transparent business environment, and develop their contacts and know-how for success in China.
During his stay in Vienna, Tsang met Vice-Chancellor & Minister of Finance Wilhelm Molterer, addressed a business lunch, and called on the Minister of Economics & Labour, Dr Martin Bratentsein. He will visit the Czech Republic on 28th May.
A comprehensive report in our Intelligence Report series looking at offshore and onshore corporate structures and their tax implications is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report7.asp
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