With a few exceptions, a trade declaration must be lodged with the Customs and Excise Department within 14 days of importation in respect of each consignment of goods imported into Hong Kong. Joint ventures may be entered into and may be set up as either a company or a partnership. Hong Kong is a free port and therefore no general tariffs are levied. Some imports are free of import duties, although an excise tax for revenue purpose is levied on imported as well as domestically produced products. The Harmonised Commodity Description and Coding System is utilised for Customs Tariff.
Samples are free of duty except for valuable samples of dutiable goods.
There are no duties or restrictions on the importation of advertising material. Customs and storage facilities are adequate. Importers of reserved commodities including rice and frozen meat must obtain an importers license before they can import these commodities. Foreign investment is welcome in Hong Kong, for additional capital and for introduction of new, improved production technologies and processes. Documentation Air Waybill No defined format.