Consumer Products and Retail
The key to successful retailing is the quantity and quality of shoppers you can attract. As a world-famous shopping destination, Hong Kong has both.
As a favourite shopping destination of affluent Mainland Chinese, Hong Kong is an unrivalled ‘shop window’ for retailers, and a testbed for further expansion. You can maximise your retail business opportunities due to a free port (no import or export tariffs on most merchandise), no sales tax and a low tax base of only 16.5 percent profits tax.
Whether you are a retailer, a wholesaler, involved in sourcing, buying or trading, Hong Kong offers you the dual advantages of proximity to source and access to consumers. The climate is conducive to year-round indoor and outdoor shopping while four distinct seasons drive seasonal consumption.
The city’s superb location and its Asian hub status make Hong Kong an ideal gateway to Mainland China and to other emerging markets and manufacturing regions including Thailand, Vietnam, Bangladesh and Indonesia. Hong Kong also has a large pool of skilled talent, from design to merchandising.
Hong Kong’s extended festive season, encompassing Christmas and Chinese New Year, gives an annual boost to shopping activity in the region. The strongest representation of international retail brands in Asia is evidence that Hong Kong is one of the world’s most advantageous retail locations.
InvestHK can offer practical support to retailers wishing to set up in Hong Kong. To find out more, contact InvestHK’s Consumer Products team.
Hong Kong is the world’s fifth largest exporter of precious jewellery and the world’s second largest exporter of custom jewellery. It is also the leading production centre for pure gold items, the major centre for jade production and the leading trading and distribution centre for pearls. On top of all that it’s also the capital of Asia’s diamond trade.
Hong Kong has a large concentration of designers, buyers and suppliers. The low-cost-manufacturing easily accessible on the Mainland, combined with Hong Kong’s pool of talent, create ideal conditions for value-added processing. In addition, jewellers exporting to Mainland China from Hong Kong can benefit from zero import tariffs, compared to up to 35 percent for non-Hong Kong and non-CEPA compliant companies.
To find out more about the exciting opportunities Hong Kong offers jewellers and related companies, speak to InvestHK’s Consumer Products team.
- Shopping is the number one leisure activity of Hong Kong’s seven million residents; many of its 59.3 million visitors a year also come to the city expressly to shop
- Hong Kong has zero sales tax/VAT and no import tariffs on almost all products
- Shoppers spend more than US$5.2 billion a month in Hong Kong stores
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