Hong Kong remains the world’s freest economy for 25 years

Hong Kong has been looked up to by investors around the world for its renowned status as an international financial centre with strict adherence to the rule of law, simple taxation benefits and multiculturalism. Adding to that, it is now also mentioned by a US-based think-tank, The Heritage Foundation, to be the world’s freest economy for 25^th successive years. The 2019 index assessed economies around the world based on their regulations, market openness, law and governance etc. It was the only economy to have scored over 90 points and was trailed by Singapore, New Zealand, Australia and Taiwan.

In fact, as the world’s leading international financial centre, Hong Kong is distinctive by the following edges:

–          A high-quality legal framework

–          Financial and trade freedom

–          Low tolerance for corruption

–          Low taxation rate

–          Political stability

–          Highly skilled workforce

–          Excellent law and order

–          Geographical advantage

–          International culture

Not only that, well aware of the keen competition from the competitors, the SAR government is committed to play a pivotal role as a facilitator and promoter to impose new impetus for economic growth.

If you wish to obtain more information or assistance about setting up in Hong Kong, please do not hesitate to contact us at contact@orbis-alliance.com.

Source: https://www.heritage.org/index/country/hongkong