Calling all successful entrepreneurs! Are you ready to establish your next business venture in a fast-paced, thriving startup market? Look no further than to one of the world’s largest economies: Hong Kong!
Why Hong Kong?
Hong Kong’s economy is primed for the development of new business. According to Neat, “the Hong Kong government has contributed approximately HKD 5 billion to the Technology and Innovation Fund in order to encourage venture capital flow to startups.”
In addition, Hong Kong’s economy is characterized by a low tax regime and free capital movement. Thus, for serial or foreign entrepreneurs, Hong Kong is the best place to expand your business ventures.
At Get Started HK, they pride themselves in delivering 5-star company formation services for the Hong Kong market, with a specialty for offshore company formation and taxation matters.
How to Start Your Business in Hong Kong
Step 1: Follow Hong Kong Business Naming Guidelines
When naming your company, be sure to follow Hong Kong’s established naming guidelines. For example, a Hong Kong company name can only be in English or Chinese.
This means that a Hong Kong company name can only be in English letters OR Chinese characters. A company name with a combination of English words and Chinese characters is not allowed.
In addition, if you choose a Chinese company name, the name must be in traditional Chinese characters. Lastly, if you choose to name your company in English, Hong Kong Companies Ordinance states that company name must end with the word “Limited.”
At Get Started HK, they will conduct a name search to see if your proposed company name is available and revert to you in as little as 1 business day.
Step 2: Determine Your Business Structure
The next step is to analyze your business model in preparation for company registration. Choose a structure that aligns with your business model, as well as goals and objectives.
Identifying a business structure prior to registration is key because “the structure of the company affects everything from how you do your business to how you file taxes for your business entity” (Neat).
Step 3: Register Your Company in Hong Kong
To register your company, especially as a foreign entrepreneur, Get Started HK can support your company formation needs through their solid connections with the Hong Kong Special Administrative Region (HKSAR) Government, HK Invest Center, Big 6 Conference, and OCBC Wing Hang Bank, and are a highly respected name in commercial circles throughout the startup community.
To learn more about Get Started HK, check out their features in globally-acclaimed publications like Forbes & Entrepreneur or check out our website at https://getstarted.hk