Tax system of Hong Kong makes it more attractive for people from all over the world to join in the companies of Hong Kong and the taxation here is very less comparative to other parts of the world where they charge comparatively more than here for this reason many people invest here in this place and here only taxes which are direct are only charged.
Here few goods are duty free and some are duty paid in Korchina TNC Hong Kong and here in this place customs clearing is simple and the steps to be followed are very simple and can be easily understandable, due to this trade free zone name has come for this place. For goods like tobacco , hydrocarbon oil and few liquors free service is not provided unlike wine and the beer. This Hong Kong stood as one of the best places for both the importing and exporting services and business involving storage type and even single type of business not only in wholesale but also for single persons.
If one looks at the market of this place they think it is small looking wise but that's not true, yes people in that area are less but actually business is very big in that particular and it stood as the second largest purchasing place in Asia and market over there is very superb and one of the finest and best are sold and here the marketers are connected with various other people throughout the other parts of world and they are highly knowledgeable.
The registering process is damn simple here and made in connection with the trading service hong kong and various others. This city is a very attractive and merchandise partner with many countries which are small addresses and even large countries and it has many connections is a good way and in investment terms. The Hong Kong city is small in area and population too and it is very large and has a large market in exporting and importing goods of both non commercial and commercial types of materials.
There are many reasons and among them few are here:
There is a free trade policy over there. According to this policy the tariffs are less over here in the product which they export to the other countries and imports from other countries are very less and almost not there and are for free.The Closer Economic Partnership Agreement provides the industries and organizations in the Hong Kong connection with other countries markets. Mostly associated with mainland China. There is no need to pay any taxes if you have a certificate that you are a citizen there and your origin is Hong Kong.