![]() However, Hong Kong is one of the four countries that have a free port. Hong Kong is a member of the World Trade OrganizationĪs a member of the World Trade Organization (WTO), Hong Kong must abide by the most-favored-nation (MFN) clause, which requires a country to provide any concessions, privileges, or immunities granted to one nation in a trade agreement to all other WTO member countries. Closer Economic Partnership Arrangement (CEPA) with mainland China.Asia Pacific Economic Cooperation (APEC).Hong Kong is also a member of several prominent Asian trade agreements: Hong Kong, as a free port, engages in trade agreements with other countries and expect similar treatment in return. Hong Kong has at least eight trade agreements. Landed cost examplesīelow is a sample landed cost breakdown for Hong Kong, as a free port, calculated using Zonos Quoter: These are the only four items Hong Kong charges excise duty on. The duties are applied according to their alcoholic strength or charged at specific rates per unit quantity. The Hong Kong Government charges excise duties on liquors, tobacco, hydrocarbon oil, and methyl alcohol. Hong Kong does not charge duty on imports. Hong Kong does not levy a tax on imports. Hong Kong is a free port, so taxes, duties, and fees will not be charged on most imports. Fees (currency conversion, carrier, broker, customs, or government fees)įurther explanation of de minimis, tax, and duty provided below Duty and tax de minimis.The landed cost for a cross-border transaction includes all duties, taxes, and fees associated with the purchase. Travel, health and beauty, consumer electronics, clothes and apparel, groceries, and household goodsĭebit and credit cards, digital wallets, bank transfers, and cash Hong Kong’s high percentage of internet and ecommerce users gives sellers the potential for high ecommerce success.ĩ3% of the population use the internet (2022)ħ2.6% of the population shop online (2022).Hong Kong’s open trade and investment climate makes it a preferable market for imports.Hong Kong accepts a variety of popular payment methods the most popular method is debit or debit card.Hong Kong’s Eastern Asian location allows for many carrier options and services because of the high-traffic Asian trade route.Īccessibility and variety of payment methods 5/5.Correct packing, documentation, marking, and labeling are imperative for smooth customs clearance in Hong Kong.Īvailability and accessibility of shipping 5/5.Hong Kong’s government has taken measures to protect against smuggling by enforcing licensing controls on prohibited articles through inspection of imported cargoes.Hong Kong charges an excise and consumption tax on particular goods.Hong Kong is a free port and does not levy any customs tariff on imports or exports, which is favorable for landed cost. ![]() Hong Kong’s economy remains severely hindered due to the ongoing COVID-19 controls.businesses regarding potential risks to their endeavors in Hong Kong. In 2021, the Department of State and several other legal departments issued a business advisory to U.S.The Chinese and Hong Kong governments have imposed procedures that compromise the ability for foreign businesses to operate freely and with legal certainty in Hong Kong.Ease of importing goods score: B Ease of doing business 2/5 Keep reading to learn everything you need to know about selling goods into Hong Kong. If you are looking to grow your ecommerce business into Hong Kong, you’ve come to the right place. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the terms of use and privacy policies of the third party website that you are going to visit.Learn about cross-border ecommerce, shipping, and importing. To the extent permissible by law, the Bank shall not be responsible for any damage or losses incurred or suffered by you arising out of or in connection with your use of the link. You use or follow this link at your own risk. The Bank does not have any control (editorial or otherwise) over the linked third party website and is not in any way responsible for the contents available therein. The provision of the hyperlink does not constitute endorsement, recommendation, approval, warranty or representation, express or implied, by the Bank of any third party or the hypertext link, product, service or information contained or available therein. The hyperlink is provided for your convenience and presented for information purposes only. This hyperlink will bring to you to another website on the Internet, which is published and operated by a third party which is not owned, controlled or affiliated with or in any way related to Standard Chartered Bank (Hong Kong) Limited or any member of Standard Chartered Group ( the "Bank").
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