In 2008, the Hong Kong Government reduced wine duty from 40% to zero and the duty for beer and any liquors with alcohol content of 30% or less from 20% to zero, making Hong Kong the first free wine port among major economies. Hong Kong aims to grow its wine trading and distribution business. Retail is just one segment of opportunity.
Invest Hong Kong is a government agency that provides comprehensive inward investment promotion, facilitation and aftercare to prospective and existing foreign investors that may be considering or using Hong Kong as a platform to China and Asia. InvestHK helps business owners and executives make informed decisions by providing industry information, information on company registration, referrals to companies, interface with government departments, custom-tailored visit programs, and more. The Hong Kong Economic and Trade Office is the overseas office of the Hong Kong Government.