Why You Should Start an E-Commerce in Hong Kong

Posted by HongKong Company Registration on November 23rd, 2021

Have you been considering starting an eCommerce business in Hong Kong? Well, you should! Hong Kong is indeed one of the best places to set up an online business. E-commerce is a growing industry that offers investors significant opportunities to stay connected with a global audience in a way that was once impossible for brick-and-mortar companies without marketing and financial resources.

As per World Bank, Hong Kong is ranked the fourth country for doing an online business efficiently and easily. But that is not all! There is an online information portal called the Statista that has a report on Hong Kong’s e-commerce market, which states that the market is expected to expand at a highly impressive rate of 10.5% annually till 2021. With a growth rate like this, we can understand that many e-commerce businesses are being incorporated in Hong Kong at a fast pace.

The Number of Internet Users in Hong Kong

According to a report published by Statista, Hong Kong has an e-commerce market with steady growth. The internet use in this country is also impressive. There are more than 31,000 hotspots, and that implies the internet is widely available. Apart from local customers, that means tourists can easily find a stable internet connection to visit your business site.

Friendly Business Regulations

Hong Kong is famous for its free and regulated market. The corruption is at a low level, and the laws are business-friendly.

The tax regulations are also favorable, especially to e-commerce businesses selling online. If you sell to foreign-based customers, you aren’t subject to paying corporation tax. Hong Kong also doesn’t have a capital gains or estate duty tax.

Want to start an ecommerce in Hong Kong? We can ehlp you ease with the business registration process. Visit Hong Kong Company Registration site.