Hong Kong Investment Guidebook Table of Contents Setting up in HK....................................................................................................................... 3 Private Limited Companies .................................................................................................. 4 Branch Offices of Parent Companies...................................................................................... 6 Representative Offices ........................................................................................................ 7 Partnerships/Sole Proprietorships ......................................................................................... 8 Joint Ventures ................................................................................................................... 9 Business Registration ....................................................................................................... 10 The Economy ......................................................................................................................... 11 Other Aspects of Commerce .............................................................................................. 13 IP, Taxation and Regulations ....................................................................................................14 Political Framework .......................................................................................................... 15 Intellectual Property Protection .......................................................................................... 16 Patents .................................................................................................................... 17 Trade Marks ............................................................................................................. 18 Copyright ................................................................................................................. 19 Registered Designs .................................................................................................... 20 Taxation ......................................................................................................................... 21 Profits Tax................................................................................................................ 22 Salaries Tax.............................................................................................................. 23 Property Tax............................................................................................................. 24 Double Taxation ........................................................................................................ 25 Legal.............................................................................................................................. 26 Dispute Resolution..................................................................................................... 27 Environmental .......................................................................................................... 29 Trade Regulations ............................................................................................................ 30 Trade....................................................................................................................... 31 Licensing.................................................................................................................. 32 Dutiable Items .......................................................................................................... 33 People and Education .............................................................................................................. 34 Population....................................................................................................................... 35 Immigration .................................................................................................................... 36 Labour and Visas ............................................................................................................. 37 Employment regulations ............................................................................................. 38 Visa requirements ..................................................................................................... 39 Work Visa .......................................................................................................... 40 Capital Investment Entrant Scheme....................................................................... 41 Dependent visa .................................................................................................. 42 Typical benefits and terms .......................................................................................... 43 Recruiting your Hong Kong team ................................................................................. 44 Education ....................................................................................................................... 45 Pre school and school................................................................................................. 46 After school .............................................................................................................. 48 Banking and Finance ............................................................................................................... 49 Currency......................................................................................................................... 50 Banking.......................................................................................................................... 51 How to open a bank account ....................................................................................... 52 RMB Services .................................................................................................................. 53 Funding .......................................................................................................................... 54 Stock Exchange of Hong Kong ..................................................................................... 55 Growth Enterprise Market ........................................................................................... 56 Land, Premises and Utilities ..................................................................................................... 57 Residential properties ....................................................................................................... 58 Office properties .............................................................................................................. 59 Industrial buildings........................................................................................................... 60 Utilities........................................................................................................................... 61 Lifestyle ................................................................................................................................ 62 International communities................................................................................................. 63 US community .......................................................................................................... 64 UK community .......................................................................................................... 66 Swiss community ...................................................................................................... 68 Singaporean community............................................................................................. 70 Nordic community ..................................................................................................... 71 Dutch community ...................................................................................................... 73 Canadian community ................................................................................................. 75 Indian community ..................................................................................................... 77 Australian community ................................................................................................ 79 Living in Hong Kong ......................................................................................................... 81 Leisure, sport and the outdoors.......................................................................................... 83 Nightlife, food and drink.................................................................................................... 84 Arts and culture............................................................................................................... 85 Research and Development...................................................................................................... 86 Key Centres for R&D Activities ........................................................................................... 87 Government Assistance..................................................................................................... 88 Transport and Communications ................................................................................................ 89 International Transport ..................................................................................................... 90 Air Transport ...........................................................................................................