The ISO code of Hong Kong is HK according to ISO 3166 standard. The local name of the country is Xianggang. Hong Kong is the capital city of Hong Kong. The official languages of Hong Kong are Chinese, English. In the year 1841, Hong Kong emerged as a sovereign political entity.
Hong Kong is located in the UTC +08:00 time zone, which is also called Hong Kong Time or HKT. The internet country code top-level domain (ccTLD) for Hong Kong is .hk. Other domains assigned to Hong Kong are .香港, .asia. The International dialing code for Hong Kong is +852. People in Hong Kong drive on the left side of the road. Total land area of Hong Kong is 2755,00 km2. Hong Kong is not a landlocked country.
Hong Kong is located in the eastern part of Asia. Hong Kong is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Hong Kong faces various issues including air and water pollution from rapid urbanization.
Doing business in Hong Kong
We offer various corporate services in Hong Kong jurisdiction. These services can serve both, people coming from Hong Kong and foreigners. If you plan on doing business in Hong Kong you might be interested in contacting us.
To find out about starting your business in Hong Kong click on company formation in Hong Kong.
To find out how to open a bank account in Hong Kong and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Hong Kong.
Choose preferred service below or continue reading to find out more about Hong Kong.
Demographics of Hong Kong
The total population of Hong Kong is 7 298 600 people. In Hong Kong, the population density is 6571 people per square kilometer (17094 per square mile). Because of this statistic, this country is considered to be overpopulated. The ethnic diversity is almost uniform according to a fractionalization scale which for Hong Kong is 0.062. Hong Kong has 2 804 753 million foreign immigrants. The median age is approximately 43.2 years. In Hong Kong, 72.8 in every 100 people use internet. Hong Kong has a Human Development Index (HDI) of 0.891.
The main religion of Hong Kong is Christianity. Hong Kong is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Hong Kong.
Culture of Hong Kong
People in Hong Kong speak Chinese, English languages. According to data on inbound tourists in Hong Kong, 25 661 000 tourists arrive in the country each year. The first McDonalds in Hong Kong was opened on 8 January 1975 One of the most popular national dishes of Hong Kong is char siu. To read more click on culture of Hong Kong.
Geography of Hong Kong
Hong Kong is considered a small nation because of its total area. Its total land area is 2755,00 km2 (approx. 1,064 mi2). Hong Kong is located in the eastern part of Asia. Its capital city is Hong Kong. Total length of land borders of Hong Kong is 30,00 kilometers (~19 miles).
The highest point of Hong Kong is Tai Mo Shan with its official height being 958 m (3143 ft). The most notable natural resources found in Hong Kong are deepwater harbors, feldspar. To read more click on geography of Hong Kong.
Economy of Hong Kong
The currency of the country is Hong Kong dollar. The symbol used for this currency is $, and it is abbreviated as HKD. 3% of population in the country are unemployed. The total number of unemployed people in Hong Kong is 240 853. Each year, Hong Kong exports around $456.4 billion and imports roughly $520.6 billion. The Gini Index of the country is 53.7. Hong Kong has a Human Development Index (HDI) of 0.891. Hong Kong has a government debt of 30% of the country's Gross Domestic Product (GDP), as assessed in 2012. Hong Kong is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are textiles, clothing, tourism, banking, shipping, electronics, plastics, toys, watches, clocks.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Hong Kong is $ 400 362 billion. Each year, consumers spend around $181 089 million. The ratio of consumer spending to GDP in Hong Kong is 62%, and the ratio of consumer spending to the world consumer market is 0%. The corporate tax in Hong Kong is set at 17%. Personal income tax ranges from 0% to 15%, depending on your specific situation and income level. To read more click on economy of Hong Kong.
Infrastructure of Hong Kong
Infrastructure quality in Hong Kong is rated to be at 3.97. In Hong Kong, 100% of the population has access to electricity. There are 870 041 internet hosts in Hong Kong. Hong Kong has 2,00 airports nationwide. The logistics performance index of Hong Kong is 3.83. Tracking possibilities for shipments are rated at 3.87. To read more click on infrastructure of Hong Kong.
Politics of Hong Kong
Hong Kong is a special administrative region of china. With regard to political and civil freedoms, Hong Kong is 2. The head of the government is Xi Jinping.
According to the World Bank Group, the government effectiveness index of Hong Kong is 1.84. In Hong Kong, the legislative power is vested in a legislative council. The strength of legal rights index for Hong Kong is 8. Hong Kong is a member of the World Bank. To read more click on politics of Hong Kong.
Environment of Hong Kong
Hong Kong emits 5.7 metric tons per capita of CO2. 400,00 km2 of Hong Kong's territory is covered in forests, and forest land comprises 36% of all the land in the country. To read more click on environment of Hong Kong.
Company formation in Hong Kong
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Hong Kong.
When establishing a company in Hong Kong, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Hong Kong that will affect the establishment and growth of one's business. Contact us or click on company formation in Hong Kong to read additional information when setting up a business.
Bank account opening in Hong Kong
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Hong Kong. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Hong Kong, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Hong Kong or contact us.