Steps for Foreigners to Start a Business in Hong Kong

Posted by HongKong Company Registration on April 12th, 2021

Hong Kong has been the world’s freest economy on the planet for the better part of three decades, and that reputation as a haven for entrepreneurship keeps it top of mind for those wishing to start a business in Asia. Beyond free economics, Hong Kong holds an enviable position as a gateway from the West to Mainland China, and it’s simple and low tax rates remain integral to its attractiveness for startups.

There is one final ace up Hong Kong’s sleeve to lure foreign entrepreneurs — you don’t actually need to live in Hong Kong to set up and run a successful business. In fact, you don’t even need to enter Hong Kong at all to open a business as a foreigner.

The e-Registryis the portal that allows foreigners to set up a business in Hong Kong completely through the internet. It should be noted however, in order to use the e-registry to set up a business in Hong Kong from overseas, you must register an incorporated company. If you wish to set up a sole proprietorship or a partnership, you must either be a Hong Kong resident or have an applicable work visa. You can read more about getting a Hong Kong work visa here.

Before you start your Hong Kong company incorporation journey, you should also choose a registered Hong Kong incorporation provider to guide you through the process. While the Hong Kong Government has made it as straight-forward as possible to start a company, there will always be portions of the process where you are better off having an expert help you. In fact, if you want to be able to set up a company without entering Hong Kong, we would recommend it as a necessity.

Let’s take a look at what you need to know to set up your own business in Hong Kong, without even stepping foot there.

Check out this Hong Kong Company Registration blog.