Saturday, December 17, 2016

Hong Kong - visit report

Establishing company in Hong Kong seems to loose all the advantage. There is no advantage foe tax purpose, as the same deal u can get in Singapore. Amount of foreigners dramatically decreased. Local people speak now more Mandarin than English. And the advisors u meet look rather hungry for new business. Business setup is old and stable, no progress. Advantage for R&D is so far from Singapore and it is obvious nobody gets it or trusts it. Cash flow to China is hard and so much limited. Standards fall down and people are more rude than used to be.

1997 in HK was 1968 for Czechoslovakia

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