Hong Kong is one of the world's most robust and enduring economic success stories. Its many notable achievements include:
The world's freest economy1
The world's second highest per capita holding of foreign currency1
The world's 11th largest trading economy1
The world's 15th largest exporter of commercial services1
The world's busiest container port1
Asia's second largest stock market1
A popular venue hosting regional headquarters or representative offices1
Hong Kong International Airport -
Ranked "World's Best Airport" for 3 consecutive years (2001-2003)2
One of the top 10 Construction Achievements of the 20th century3
The Lord Norman Foster-designed 550,000 sq. m. passenger terminal building is the largest of its kind in the world4
Ranked first in handling international cargo in 20032
Asia Terminals Ltd. Container Freight Station, Kwai Chung - the world's largest single structure multi-level industrial building in Guinness World of Records since 19963
Tsing Ma Bridge - the world's longest road-and-rail suspension bridge3
The Big Buddha - the world's tallest outdoor seated bronze Buddha3

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AN AFFLUENT AND GROWING POPULATION
Total population in 2003: 6.8 million5
Median age: 38 (as of mid-2003)5
Population forecast: 7.06 million by 20085
Asia's third highest GDP per capita: US$23,100 / HK$180,1806
Forecast of real GDP growth during 2004: 7.5%5

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A MAJOR MAGNET FOR TOURIST DOLLARS
8.37 million overseas visitors from January to May 20043
Visitor arrivals in May 2004 increased by 27% from the equivalent figure for May 20023
83% hotel room occupancy rate in May 20045
3.4 million tourists are expected to visit Hong Kong Disneyland when phase 1 opens in 20057
Total expenditure from inbound tourism during 2003 reached US$9.6 billion / HK$74.9 billion3

A HUGE GROWTH IN EXPENDITURE FROM MAINLAND CHINESE VISITORS
57% of all visitors in May 2004 were from mainland China3
Per capita spending of overnight mainland visitors is US$772 / HK$6,0183 in 2003
Mainland Chinese tourists' expenditure amounted to 28% of the total receipts in the retail industry8

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SETTING UP BUSINESS IN HONG KONG9
Processing time: 6 working days
Registration charges:
Application fee: US$221 / HK$1,720 subject to a refund of US$183 / HK$1,425 for unsuccessful application
Capital fee: US$0.13 / HK$1 for every US$128 / HK$1,000 or portion of share capital subject to a cap of US$3,846 / HK$30,000 per case

CORPORATE TAX SITUATION IN HONG KONG9
Profits tax is charged on profits arising in or derived in Hong Kong from a trade, profession or business
Profits tax is charged on corporations at 17.5% and on persons other than corporations at a standard rate of 15.5%

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1   Hong Kong Economic Report, Kowloon Chamber of Commerce
2   Hong Kong Trade Development Council
3   Hong Kong Tourism Board
4   Hong Kong International Airport
5   Hong Kong Census & Statistics Department
6   The World Almanac and Book of Facts 2004
7   Hong Kong Disneyland, Hong Kong SAR Government
8   CLSA
9   Hong Kong Investment Guidebook, Invest HK, 2003