Mundo's country rating is essentially a freedom index whereby our team of specialists rates a combination of freedoms, including freedom from violence and personal attacks, financial freedom from high taxes and other government levies, and business freedom from government interference.

Ease of business: 10

Hong Kong was the freest economy in the world for 25 years and it just fell last year all the way to… Second. Opening a company is a two-day process, it has an incredibly efficient public sector and sound financial licensing processes. Hong Kong was made for business and you can tell it. It’s the largest free port in the world and the only place in mainland China allowing a free flow of capital. 

Hong Kong is an example for policymakers looking to make their countries friendlier for business and the perfect example of how to incorporate technology into business to make it swifter and better. 

All major banks and corporations are present in Hong Kong. It simply is one of the best places to do business in the whole world. A beauty to behold.

Taxation: 9

Imagine a place with offshore benefits that is fully whitelisted. That place is Hong Kong. First, it has a territorial tax system. That means that you would only be taxed on your Hong Kong-sourced income. Further, Hong Kong is a free port and it has a flat 16.5% corporate tax rate. The income tax rate goes from 2% to 17%.

Capital gains, dividends, and interests are tax-free in Hong Kong. Yes, it certainly is not at the level of the top offshore destinations, but it is as good as it can get outside of that world. This has made it one of the top destinations for holdings on the planet.

Personal safety: 10

Hong Kong has less than one homicide per 100,000 inhabitants (about 30 per year). So, in case you were wondering, Hong Kong is an incredibly safe country. As everywhere, there are some areas to avoid and pickpocketing is somewhat uncommon as in all major cities. Yet, you must not worry too much. Hong Kong is one of the safest places worldwide.

Political stability: 7

It is not a secret that Hong Kong has had a rough time in the past few years. It has suffered some political instability due to the imposition of legal reforms leading to protests. Yet, even if more Chinese control were to come, it would likely not hinder business freedom in Hong Kong. Thus, you can be sure that Hong Kong will continue to be one of the freest economies in the world.

Lifestyle: 10

Hong Kong has everything you need. It is filled with ex-pats from all over the world. If you walk a couple of blocks downtown, you might hear at least five or six different languages. Hong Kong mixes the best of Chinese and Western culture and is one of those cities that do not sleep. Its club scene is well-known and it has all kinds of attractions for all kinds of people, from traditional Chinese cultural acts to Michelin restaurants, endless malls, and music festivals.

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