Hong Kong is considered one of the most open and outward-looking economies in the world, and is arguably the best place to do business. First, it has an excellent location in the geographic center of Asia, providing quick and easy access to the region's major markets. Located on the southeast coast of China, Hong Kong is the largest single market in the world, not least because its economy is built around free trade, free enterprise and a free market open to all: there are no restrictions on inward or outward investment. and the absence of trade barriers such as quotas, tariffs or exemptions. Additionally, this jurisdiction has no nationality restrictions on industry or corporate ownership, no currency controls, and a simple taxation system. Hong Kong also has the lowest corporate tax rate (currently 16.5%) of any major Asian economy. https://www.confiduss.com/en/info/blog/article/hong-kong-company-formation/