How Hong Kong and the HKTDC Help Companies in Europe, Central Asia and Israel (ECAI)

Hong Kong’s Advantages

By basing in Hong Kong, partnering with Hong Kong companies and/or using Hong Kong services, companies in Europe, Central Asia and Israel (ECAI) can more easily access markets/business partners/investment internationally, including Mainland China (especially the Guangdong-Hong Kong-Macao Greater Bay Area), the Association of Southeast Asian Nations (ASEAN) region, other Asian countries, and Belt and Road-related economies.

1. Located in the heart of Asia, Hong Kong has close geographic, cultural and business links with the mainland and other parts of Asia. Hong Kong has decades of experience in international and mainland business. Hong Kong provides adequate protection for investors and contracts through its well-established legal and dispute resolution system. Arbitration awards issued in Hong Kong are enforceable in over 150 countries around the world, making Hong Kong ideal for settling disputes concerning cross-border transactions. Hong Kong also offers a business-friendly environment, with a low and simple tax regime, and a trilingual workforce (English, Cantonese and Putonghua).

2. In the mainland market, Hong Kong products, services and investments enjoy tariff-free access or preferential treatment under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA). ECAI companies can set up in Hong Kong or partner with Hong Kong enterprises to enjoy these benefits.

3. In particular, Hong Kong has strong links with the Greater Bay Area, which is an innovation and technology hub. The city also has capabilities and expertise in technology research and development, commercialisation and trading. Hong Kong can help ECAI companies do business with/in the Greater Bay Area.

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