May 10th, 2012—Hong Kong—Although Hong Kong does not actively encourage immigration by foreign professionals, many feel that the city will continue to receive several applications for work visas by foreigners. Hong Kong’s vibrant economy and the economic downturn in the west are expected to maintain Hong Kong’s position as one of the best places to work with ample growth opportunities.
According to GuideMeHongKong.com (www.guidemehongkong.com), apart from a vibrant economy, with the influx for several thousand foreign companies into the city each year, there is a growing need for highly skilled professionals and many of these companies look at bringing in staff from their head office to manage operations in Hong Kong. Also, demands of a growing economy means the city is in continual need of highly skilled workers that can meet the high demands of Hong Kong’s work environment. Currently, Hong Kong’s administration prefers locally incorporated companies to first offer job vacancies to local residents only. If after extensive search within Hong Kong, a suitable candidate is not found, then companies are free to look overseas. The foreign professional who is offered the job in Hong Kong must possess a good educational background and more importantly relevant skills that are not readily available within the city. The good part about Hong Kong’s immigration policy is that if there is a genuine need and the foreign professional is well qualified, then he or she is provided the required work visa and there are no quota systems.
As per GuideMeHongKong.com, Hong Kong’s multicultural society and high standard of living also continually attracts foreign professionals to the city. Hong Kong is amongst the top three best destinations in Asia for expats and the annual packages offered to professionals is higher than most other countries in Asia. Hong Kong’s taxation policy is also one of the aspects that attract so many foreigners to the city every year.
GuideMeHongKong.com is a Hong Kong-focused business information portal targeted towards entrepreneurs who are exploring a move or business in Hong Kong. The site provides detailed information on Hong Kong company registration, taxation, immigration and ongoing compliance matters for startups and small to medium sized companies. Thousands of visitors use our portal every day to obtain comprehensive, accurate and up-to-date information about Hong Kong. For more information, please visit http://www.guidemehongkong.com/