Hong Kong SAR, China - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Hong Kong SAR, China was 19.22 as of 2020. Its highest value over the past 14 years was 32.44 in 2013, while its lowest value was 16.19 in 2006.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 16.19
2007 19.61
2008 18.98
2009 20.92
2010 26.44
2011 27.92
2012 28.00
2013 32.44
2014 31.15
2015 25.92
2016 27.03
2017 30.02
2018 28.59
2019 23.68
2020 19.22

Time required to get electricity (days)

The value for Time required to get electricity (days) in Hong Kong SAR, China was 24.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 93.00 in 2010 and a minimum value of 24.00 in 2018.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 93.00
2010 93.00
2011 43.00
2012 41.00
2013 38.00
2014 38.00
2015 28.00
2016 27.00
2017 27.00
2018 24.00
2019 24.00

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Hong Kong SAR, China was 5.30 as of 2019. Its highest value over the past 14 years was 5.30 in 2019, while its lowest value was 4.90 in 2013.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 5.30
2006 5.30
2007 5.30
2008 5.30
2009 5.30
2010 5.30
2011 5.30
2012 5.30
2013 4.90
2014 5.10
2015 5.20
2016 5.30
2017 5.30
2018 5.30
2019 5.30

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Hong Kong SAR, China was 0.100 as of 2019. Its highest value over the past 14 years was 0.200 in 2009, while its lowest value was 0.100 in 2010.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 0.200
2006 0.200
2007 0.200
2008 0.200
2009 0.200
2010 0.100
2011 0.100
2012 0.100
2013 0.100
2014 0.100
2015 0.100
2016 0.100
2017 0.100
2018 0.100
2019 0.100

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Hong Kong SAR, China was 16.50 as of 2019. Its highest value over the past 14 years was 18.70 in 2008, while its lowest value was 16.50 in 2019.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 18.70
2006 18.70
2007 18.70
2008 18.70
2009 17.60
2010 17.60
2011 17.60
2012 17.60
2013 17.60
2014 17.60
2015 17.50
2016 17.50
2017 17.50
2018 17.50
2019 16.50

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment