Hong Kong is considered a free port, meaning there are no taxes or duties on imported items. However, extensive compliance is still required when trading with Hong Kong, particularly with encrypted goods. As such, an Importer of Record is necessary when trying to ship into the region.
Importing into Hong Kong can be challenging because of the import and compliance documents process with the Hong Kong Trade & Industry Department (HKTID). HKTID is responsible for regulating trade in the region, particularly for telecommunications and encrypted goods. To avoid any customs delays, all paperwork will need to be extremely accurate, as HKTID is detail-oriented and requires exact shipment details, including declared values and ECCN numbers.
Getting all the required paperwork done and approved before sending your tech gear to Hong Kong is fundamental. To prevent hold-ups and speed through customs, TecEx’s compliance knowledge on ECCN numbers and import documents guarantees that your shipments will be accurately categorized, regardless of what you’re sending.
Given its status as a free port, Hong Kong has held a longstanding reputation as the Western gateway to China. Nevertheless, it remains important to have a locally registered entity serving as the IOR to handle the customs clearance of your goods.