Texas may be the best state for business (in the U.S.) in 2012, but Hong Kong takes the title of best city for business in the world, according to The Atlantic.
Hong Kong’s President even goes by the title of Chief Executive. How’s that for business-friendly?
Other than China, Hong Kong receives the most direct foreign investment of any other Asian countries, and the U.S. is one of its heavy investors.
A standard income tax of 15% and corporate tax of 16.5% and low government spending has left the public with very little debt. And commerce thrives. And it doesn’t hurt that Hong Kong has a well-placed and highly active port.
CEOs, do you have experience doing business in Hong Kong?