I want to launch my business in Hong Kong
For several years now, you have been considering setting up a company in Hong Kong. You know that this could be very beneficial for your business, but you are still hesitant to get started because the process seems tedious.
Rest assured: you are not the only entrepreneur with this concern. Here is the essential information for launching a legal and well-structured business in Hong Kong.
Why start your company in Hong Kong?
A gateway to the Asian market
Hong Kong is a true gateway to Asia. If you are considering doing business with Asian countries, establishing a presence in Hong Kong can facilitate your regional expansion.
Tax, legal, and banking benefits
Hong Kong offers entrepreneurs tax, legal, and banking benefits that can facilitate the establishment and subsequent development of their business.
Hong Kong and its international reputation
Hong Kong is not on the OECD blacklist: it is not a tax haven. You can therefore create a genuine, fully legal business there, in compliance with the applicable rules.
What type of company can be established in Hong Kong?
The offshore company is not the preferred model
As of today, setting up an offshore company in Hong Kong is no longer recommended. A new policy has been implemented to combat offshore companies.
A limited liability company
To get started in Hong Kong, the structure set up is a limited liability company.
Trading, consulting, or holding
Foreign entrepreneurs have numerous opportunities. In particular, you can launch a trading or consulting company, or set up a holding company in Hong Kong.
Setting Up a Company in Hong Kong: A How-to Guide
Once the type of company has been chosen, you need to make concrete preparations to set up the business.
Several questions need to be anticipated before launching in order to avoid administrative or banking obstacles.
Questions to prepare before you get started
What procedure must be followed?
Registration procedures must be organized in the correct order and adapted to the type of company chosen.
How long does it take?
The creation timeline is one of the elements to clarify before getting started in order to properly plan the launch of the business.
How do I open the bank account?
Opening a bank account is an important step that should be planned alongside the procedures for setting up the company.
What documents are required?
Preparing the administrative documents required for registration helps limit delays and requests for additional information.
Merritt supports you with your project in Hong Kong
Merritt guides you step by step to understand the opportunities Hong Kong offers, choose the right structure, and prepare the administrative and banking procedures.
Our team has been helping entrepreneurs set up their companies in Hong Kong since 1998.