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Hong Kong
Physical Facts |
|
| Population: | 7,018,636 (July 2008 est.) |
| Location: | Eastern Asia, bordering the South China Sea and China |
| Area: | 1,092 sq km |
| Climate: | Subtropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall. Average temperature varies from 18C in winter to 31C in summer. |
| Transport | Air, Road, Water |
| International Direct Dialling prefix: | 852 |
| Internet Country Code | .hk |
| Time difference on GMT: | + 8 |
Administrative Facts: |
|
| Status: | Special administrative region of China with limited democracy. |
| Government: | The President of China is the Chief of State. Head of government is the Chief Executive (elected for a 5 year term by 800 member electoral committee. The cabinet is called the Executive Council and consists of 15 official members and 16 non-official members. |
| Legal System: | Based on English common law Unicameral Legislative Council or LEGCO (60 seats; 30 seats indirectly elected by functional constituencies, 30 elected by popular vote; members serve four-year terms) |
| International Court Jurisdiction: | |
| Language: | Chinese (Cantonese) and English are the official languages |
| Education system: | Local schools teach in Cantonese. English school and International schools also available. |
| UK Embassy: | 49-51 Portland Place, London W1B 1JL Tel: 020-72994049 Fax: 020 -77062777 |
| Residency/Working Requirements: | An application must be made to work in Hong Kong. Such an application will be viewed favourably if the applicant has a good educational background and/or posses extensive experience in their field. The applicant should also have a confirmed job offer. For further information please contact the Department of Immigration of the Hong Kong Special Administrative Region. |
Fiscal Facts |
|
| Legal tender & currency: | Hong Kong Dollar (HK$) |
| VAT: | No |
| Sales Tax: | |
| Import duty: | |
| Export duty: | |
| Banking: | International |
| Annual Government Revenue: | $36.62 billion |
| Annual Government Expenditure: | $38.89 billion |
| GDP: | US$ 206,706 million (world bank 2007) |
| Minimum wage: | HK$3,400 per month for foreign domestic workers |
| Financial Services Regulation: | Tel: (852) 2840 9222 Fax: (852) 2845 9553 Email: ceo@sfc.hk |
| Financial Services Regulation Contact Details: | |
Tax Facts |
|
| General: | Zero Foreign Source Tax |
| Corporate Tax: | 16.5% |
| Individual – resident: | Taxes are only levied on income "derived from or arising in" Hong Kong and not on income sourced outside the Territory. |
| Individual – non-resident: | Non residents working in Hong kong are liable to salaries tax. |
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