Starting a business in Hong Kong SAR

Why Hong Kong SAR?

Premier Financial Hub in Asia

Hong Kong Special Administrative Region of the People's Republic of China (Hong Kong SAR) is Asia’s premier financial hub. The vibrant city has consistently been voted as the world’s most competitive economy and one of the easiest places to do business. It has a free and fair business environment, with world-class infrastructure, that reaches the highest international standards.

Government Support and Fewer Regulations

Hong Kong SAR operates a free enterprise and free trade economic system. This is demonstrated by minimal duties and tariffs placed on imported goods. Profits and dividends derived from a business in Hong Kong SAR can be freely converted and remitted while companies and individuals may import or export capital at their own discretion. There is no Hong Kong SAR taxation on dividends and there are no exchange controls or foreign currency regulations, except those that relate to suspected terrorism financing and money laundering.

Gateway to Mainland China

Hong Kong SAR’s economy enjoys the benefits of unrivalled access to Mainland China, including free movement of capital, talent, goods and information - and no foreign ownership restrictions. The city is also ideally positioned to benefit from the various initiatives set to link Mainland China with countries across Asia, Europe and the Middle East. All of Asia’s key markets are less than 4 hours away.

Ease of Communication

Both Chinese and English are the official languages of Hong Kong SAR. English is widely spoken and is the preferred language for business and contracts, enabling employer’s access to the city's diverse pool of talent.

Doing Business in Hong Kong SAR

Like all markets in Asia, Hong Kong SAR has unique business and cultural considerations that shape a company’s experience in the city. To make business expansion easier, here is a list of important aspects about doing business in Hong Kong SAR:

Tax obligations
Types of visas
Bank accounts opening
The Mandatory Provident Fund (MPF)
Employment considerations
Business etiquette

Planning to set up or further expand in Hong Kong SAR? Download our Hong Kong SAR business expansion guide to learn more.

How Tricor can help in Hong Kong SAR

To reduce expansion risks, securing on-the-ground knowledge, relationships, and experience through a trusted partner is essential. As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyses every stage of your business growth, from incorporation to IPO.

Strategically located in the heart of Asia, our Hong Kong SAR headquarters provides comprehensive service offerings.