Hong Kong's success has made it a model for other countries to emulate. Economic policy places greater emphasis on market forces than perhaps anywhere else in the world. The government avoids imposing incentives, disincentives, entitlements or restrictions as a means of directing the economy according to a central plan. The civil service is small and efficient, and instances of corruption are rare. The tax system is admirably simple, featuring clear and easy documentation requirements.
Tax rates are low, and foreign-owned ventures are granted national treatment.
Hong Kong's extensive body of commercial law, based on the British system, provides effective enforcement of contracts and protection of property rights. Company law facilitates a wide range of trading and investment activities, with minimal government interference in the activities of firms. Both domestic and foreign-owned enterprises are free to structure themselves as they will, without residency requirements imposed on owners, managers or corporate board members. Freedom of Movement. Hong Kong guarantees easy entry and departure for residents and foreigners.