Do you know what are the biggest Hong Kong companies by revenue? Hong Kong is one of the world’s largest trading centers, having a vibrant port and a unique “one country, two systems” political system.
Hong Kong is the city, and together with Macao, one of the two special administrative regions of the People’s Republic of China. Located on the southern coast of China and surrounded by a delta of Pearl River and the South China Sea, it is known for its skyscraper architecture and great natural port. With seven million inhabitants, is one of the most densely populated areas in the world. Hong Kong is one of the most successful and finest financial centers in the world. Due to advantages such as the lack of foreign exchange controls, a stable legal system and an efficient transport and communications network, the establishment of a Hong Kong company is particularly attractive for international traders. Hong Kong Economy is a more overall economy in the world. One of the biggest Hong Kong companies by revenue is ZTE Corporation. ZTE Corporation is a Chinese telecom equipment MNC that sells wireless, optical transmission and data telecommunications gear and software. It is also one of the five largest smartphone manufacturers in China. Another one that has to be on the list is Li&Fung. Li & Fung was started in 1906 in Guangzhou, China and is currently headquartered in Hong Kong. It operates in 40 countries and works with over 15,000 suppliers. One of the biggest advantages of Hong Kong’s founding company is that such a company is not seen as a means to avoid paying taxes because Hong Kong itself is a big trading entity. There is no capital gains tax and foreign exchange control. Hong Kong’s fundamental law guarantees free trade as well as low taxes for Hong Kong companies. Companies in Hong Kong must have at least one director and one shareholder. One person can be a director and a shareholder. There is no legal obligation under which shareholders or directors must be residents of Hong Kong. These may be individuals or corporations. To register a Hong Kong company, you need to have a registered office in Hong Kong and a Hong Kong resident or a Hong Kong corporation as a secretary.
If you want to see more about 10 biggest Hong Kong companies by revenue and find out all the information about this topic, check Insider’s Monkey list of 10 Biggest Hong Kong Companies By Revenue.
