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Hong Kong Doing Business

Doing Business In Hong Kong- A Few Helpful Tips

Hong Kong Special Administrative Region is a mostly self-governing part of the Peoples Republic of China. An erstwhile British colony, Hong Kong is situated south of Guangdong province. Hong Kong is a flourishing trading port and has trade relations with almost all countries. Hong Kong is at par with most of the developing countries in terms of infrastructure facilities, communication facilities and accessibility. Well connected with air, sea and road, Hong Kong has a highly refined, English speaking local population.

 

Why Should You Choose Hong Kong?

Hong Kong is a vibrant metropolis, which enjoys a diverse culture of both the East and the West. Doing business in Hong Kong is easy and hassle free, thanks to its low tax rate of 15% coupled with an exceptional investment environment. Hong Kong business options are great bets for both Mainland entrepreneurs and foreign investors to diversify and expand business operations to foreign shores. 


In case you are planning to do business in Hong Kong, you get all the necessary information and assistance at the single contact point of Invest Hong Kong, which is the Hong Kong Special Administrative Region Government department that is in charge of facilitating foreign investment in Hong Kong.

 

Some of the Popular Business Lines

While doing business in Hong Kong, it is important to spare a glance at some of its popular business lines on offer. From apparels to accessories, electrical goods, furnishings, metals, chemical products and food stuff, there is an impressive array of options on offer.

 

 

Getting Started

Here is a brief run down on how to get started. To gather more information on them, you can visit the one stop online destination of moveandstay.com, which is a comprehensive website that provides information on how to start business in Hong Kong.

Doing a business in Hong Kong requires as little as a Hong Kong Identity, a business registration form and the required capital to set up a business entity. All valid visa holders can apply for the Hong Kong Identity card. Those who are on a dependent’s visa cannot start a business as per the amended regulations of the year 2003. You have the option to register the business as partnerships, limited liability companies or sole proprietorships with the latter option being the simplest. As per the law of the land, all Hong Kong business ventures should be registered within one month of the commencement of its operations. 

 

Helpful Websites

If you happen to be a greenhorn making your first few steps into the business world, you might need assistance and guidance to tie up the loose ends. The following links could shed more light on doing business in Hong Kong.

 

www.immd.gov.hk/ehtml/hkvisas.html

 

www.business.gov.hk/bep/opencms/release/eng/start/index.html 

 

Doing business in Hong Kong could be simple, if you have the endurance and the will to carry it forward. There are also a host of organizations including the Chamber of Commerce organizations of various countries that facilitate business relations between the corresponding countries and the host country. 


Online websites are also good sources to gather relevant information on how to set up a business in Hong Kong. www.moveandstay.com offers precise and authentic information for those who would like to know different phpects of a number of places. The information is easy to find and wonderfully categorized for hands on search.

 

Business

Business people are generally expected to dress smartly. Local business people are usually extremely hospitable. Appointments should be made in advance and punctuality is appreciated. Business cards are widely used with a Chinese translation on the reverse. Most top hotels provide business centres for visiting business people, with typing, duplication, translation and other services. Office hours: 0900-1300 and 1400-1700 Monday to Friday, 0900-1300 Saturday. Some Chinese offices open earlier than 0900 and close later than 1700.

 

Commercial Information

The following organisations can offer advice:

Hong Kong Trade Development Council
16 Upper Grosvenor Street
London W1K 7PL
(tel: (020) 7616 9500
fax: (020) 7616 9510
e-mail:
london.office@tdc.org.hk
website:
www.tdctrade.com

Hong Kong General Chamber of Commerce
22nd Floor, United Centre
95 Queensway
tel: 2529 9229
fax: 2527 9843
email:
chamber@chamber.org.hk
website:
www.hkgcc.org.hk

Immigration Department of the Hong Kong Government
Immigration Tower
7 Gloucester Road
tel: 2824 6111
fax: 2877 7711
e-mail:
enquiry@immd.gov.hk
website:
www.info.gov.hk/immd