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The gateway to China
The best thing about Hong Kong is that is situated right next to Mainland China. Being a SAR (Special Administrative Region), it enjoys a reasonable degree of autonomy especially when it comes to economic policies. This makes Hong Kong an ideal place to base your company as you prepare to enter the elusive Greater Bay area and Mainland Chinese market. As your Hong Kong business matures, you can also use your Hong Kong company as the parent company in a WFOE (wholly foreign-owned entity) structure.