The high cost of starting a business in Hong Kong is unlikely to deter foreign firms from expanding into the city, because it serves as a gateway to the mainland Chinese and Asian markets, according to industry experts.A number of overseas companies are pondering coming to Hong Kong, defying a recent survey suggesting it is twice as expensive to set up shop here as it is in rival Singapore.“Foreign food and beverage brands from the United States, the UK as well as [mainland] China are actively…
Source : South China Morning Post
Read more…Hong Kong’s high business start-up cost fails to deter foreign companies seeking access to China’s breakneck growth pace
