HONG KONG

PREPARED BY-
KARTIK PATEL
ADITYA JHANWAR
PRATYUSH VYAS
MANGESH SARODE
Introduction to Hong Kong
CULTURE & ENVIRONMENT OF HONG

0 KONG



OPEN TO INVESTMENT AND GLOBAL
TRADE

1
REGULATORY FRAMEWORK TO PROTECT
BUSINESS FREEDOM
 TRANSPARENCY BOOSTS
ENTREPRENEURSHIP
 BELIEVES IN MAINTAINING RELATIONSHIP

0 ECONOMY OF HONG KONG




GDP GROWTH OF HONG KONG IS 3.8%.
UNEMPLOYMENT RATE 3.1%
4TH IN EASE OF DOING BUSINESS

2 

MOST ATTRACTIVE MARKET
2019 INDEX OF ECONOMIC FREEDOM, IT
RANKS 1ST

0
POLITICAL SYSTEM
 REPUBLIC OF CHINA’S SPECIAL
ADMINISTRATIVE REGION
 ONE COUNTRY, TWO SYSTEMS Source-google

3
 TAPS BENEFITS ARISING FROM
REUNITING WITH CHINA Outline map of Hong Kong
 FACING POLITICAL INSTABILITY
 Introduction to Hong Kong
MARKET RESEARCH
 Ranked 1st for the 9th consecutive year for worlds least affordable
housing in the world.

01 
Renting an apartment has an average waiting time of 4.6 years.
2018 the hike in price of house hiked 11%, rental rates have been
increased by 7% since November.
 Home prices have been increased by 430% since 2003

Average construction cost

INDUSTRY RESEARCH
 One of the main industry(construction) contributing to economy
02  Currently in hibernation
 Due to government interference expected to rise

Number of construction sites

Tax regime
 low tax system and have three direct taxes.
03  Profit tax 16.5%, Salaries tax max 15% & property tax 15%
 Does not impose taxes like, Sales or VAT, capital gains etc.
 Why affordable housing?

Affordable 01 Hong Kong is under housing crisis

housing 02 20% of its population is below poverty line

03 House price to income ratio is 18.1 for Hong Kong

04 The government aims to provide 460,000 units in next 10 years

Reclaiming 17 square kilometers of land off the coast of

05 Lantau, Hong Kong’s largest island, providing houses at 70%
subsidy
 Business plan

Business Branch
entity in Hong Subsidiary
Kong Representative

Subsidiary

 Legal entity
 Limited liability
 Registration time 4-7 working days
Company name can be same
1 local director, 1 share holder, 1 local
auditor
Joint Venture and Expertise offered

KMAP ChunWo

› Site preparation › Architectural design

› Civil work + HSE › Equipment

› Auditing › Auditing

› Structural design › Management

› Remolding & alteration › Land acquisition

› Site management › Sales & marketing

› Funding (30%) › Funding(70%)

Funding

Bootstrapping Crowd funding

FUNDING

Angel Investment & Bank loans

Venture Capital  Upto 6 MN HKD
 5.5% per. Annum
Source-SCB LTD(Hongkong)
Organization structure
Chairman & Managing
Director
(Kartik Patel)

Board of Directors
(Aditya Jhanwar, Mangesh
Sarode and 2 from ChunWo)

General Manager
(Pratyush Vyas)

Deputy General Deputy General Deputy General manager (project Deputy General
manager (construction) manager (consultancy) monitoring and operation) manager (finance)
(from KMAP) (from ChunWo) (from KMAP) (from ChunWo)

ro
Civil construction Design and Planning QA &ChunWo)
(from QC Engineer Accountants
manager (KMAP) Manager (ChunWo) (KMAP) (ChunWo and
KMAP)

Civil Engineer and M&E Design Engineer and Chief quantity

engineer (KMAP) architects (ChunWo) surveyor (KMAP)

Executive Purchasing
Engineering Assistants Engineering assistants Quantity surveyor (ChunWo)
(KMAP & ChunWo) and draftsman (ChunWo)
(ChunWo)

Staff
(ChunWo)

Health and Safety Information

Manager (ChunWo) System Manager
(ChunWo)

IT Team
(ChunWo)
 Time Line

Completion of JV Initiation of planning

contract document and execution of
and agreements. project taken up
Setting up actual
office.

1 2 3 4
6 months 4 months 1 month

Setup virtual office Staff recruitment

by 2020. & Employee
Completing legal immigration
procedures.
THANK YOU