Banking Sector. Hong Kong goes proud of being one of the largest banks representations in the world. A big number of banks are registered or have established their operative branch in the jurisdiction. Banking sector has a significant amount of funds under management. It is possible to obtain unrestricted and restricted banking license in Hong Kong, as well as to become a deposit-taking company.
Holding Companies. Hong Kong is known worldwide for offshore company formation for trading purposes. However, particularly low tax rates in addition to a significant number of tax allowances make Hong Kong an attractive offshore jurisdiction for establishing also a holding company there.
Headquarter Companies. Geographical location of Hong Kong, its common law system based on English law and low tax regime are main reasons why many international companies choose to establish their headquarters there.
Fund Management. Many offshore funds are registered in Hong Kong due to its favourable business environment and good international reputation. There is a significant amount of assets under management, however, comparatively low sum is invested in the jurisdiction itself. Hong Kong is often chosen for managing offshore funds from this jurisdiction.
Insurance Companies. Hong Kong is a leading insurance jurisdiction in Asia, having well developed local and international insurance and reinsurance business segments. Different types of insurance licenses are available for conducting insurance business activity from the jurisdiction. This market segment is in continuous growth. Many international entrepreneurs choose Hong Kong for conducting offshore insurance business from there.
Shipping Registry. Hong Kong’s port is one of the largest ports of the world, which is not managed by the government authority, but mainly by private entities. It has a well developed infrastructure, employs many individuals and generates a significant annual revenue. The shipping industry is experiencing constant growth and expansion, and the Hong Kong government continues amending the legislation, in order to improve this economic segment.