In what ways is Hong Kong developed

Hello,Hong Kong's economy is dominated by the service sector, and the major sectors related to trade in services include travel and tourism, trade-related services, transportation services, financial and banking services, and professional services. ? As of 2005, 85.3% of Hong Kong's population was engaged in the service sector, of which 34.4% were engaged in wholesale and retail trades, import and export trades, restaurants and hotels; 10.5% in transportation, warehousing and communications; 15% in financing, insurance, real estate and business services; 26% in community, social and personal services; and only 5.3% in manufacturing. In terms of agriculture, Hong Kong mainly produces a small amount of vegetables, flowers, fruits and rice, and raises pigs, cattle, poultry and freshwater fish, and nearly half of the agricultural and sideline products needed for daily needs have to be supplied by mainland China.

Hong Kong is a free-market capitalist economy, with its economic focus on the laissez-faire policies of the government. Hong Kong has been ranked first in the world by the Heritage Foundation in the United States since 1995 and by the Fraser Institute in Canada since 1996 in its report on free economies.

Because of this, many entrepreneurs have been attracted to Hong Kong to register Hong Kong companies, the registration of Hong Kong offshore companies is also very convenient:

1, the registration of Hong Kong offshore companies to a shareholder, and the shareholder must be an adult, i.e., older than 18 years of age, the shareholders do not have the domicile, nationality, regional restrictions.

2, all shareholders and directors of a Hong Kong offshore company are required to provide a copy of a valid identity document and passport.

3, Hong Kong offshore company registered capital must be greater than 10,000 Hong Kong dollars, but verification need not be in place.

4, Hong Kong offshore companies need to provide a local registered address in Hong Kong and a statutory secretary in Hong Kong (can be a natural person or a legal person).

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