Table of Contents
How much do you need to start a business in Hong Kong?
Fees
| Different Hong Kong entity types | Registration cost | Annual maintenance fees |
|---|---|---|
| PLC company | US$8,600 | US$4,900 |
| LLC with employment visa | US$15,205 | US$5,000 |
| Hong Kong company with China corporate bank account | US$11,655 | US$5,000 |
| Foreign trust | US$16,000 | US$11,600 |
What is the minimum capital required to start a business?
Minimum 7 shareholders are required to form a public limited company. Minimum of 3 directors is required to form a public limited company. A minimum share capital of Rs. 5 lakhs is required.
Can foreigner start business in Hong Kong?
As a foreigner you can own 100\% of your business in Hong Kong, and you may be the sole director and shareholder. Attractively, Hong Kong is also a great gateway for establishing your business in China or other Asian nations.
Is it easy to do business in Hong Kong?
Based on the World Bank Doing Business Survey, Hong Kong is ranked second in terms of ease of doing business in the world.
What business is good in HK?
With thousands of startup business opportunities, have a look at this list of 10 small business ideas in Hong Kong and get started!
- Business Consultants.
- Travel Agency.
- Product Sourcing Agent.
- Call Center Agency.
- Freight Forwarder.
- Manufacturing.
- App Developer.
- Furniture Making and Remodeling.
How much capital should a business have?
While there are still many subjective variables that need to be accounted for, the general rule of thumb will tell you that your business should have 3 to 6 months’ worth of operating expenses in cash at any given time.
What is a minimum share capital?
There is a minimum allotted share capital requirement, known as the “authorised minimum”, which is currently set at £50,000 and which must be denominated in sterling. The same minimum share capital requirement applies where a private company re-registers as a public company under Part 7 of the Act. 1065.
Why you should invest in Hong Kong?
Geographically, it offers the best location for international companies that need quick access across Asia and across the world. It is a gateway to mainland China and it offers numerous business and taxation advantages to foreign investors.
Why start a business in Hong-Kong?
Hong Kong is now known as one of the business hubs of the world. Because of its friendly tax policies and labor rates, a lot of people are starting businesses in Hong Kong and a lot of American and European companies are moving branches of their business to Hong Kong. So are you wondering what businesses you can start in Hong-Kong?
Is there a minimum capital requirement for a limited company?
No minimum capital requirement. Shareholders of a corporation are generally not liable for the debts of a corporation aside from their financial contribution to the corporation. A limited private company is taxed on its business profits at a corporate level. There are no tax on capital gains or dividends.
How much does it cost to start a startup in Hong Kong?
Through Startups HK, a networking group for entrepreneurs and investors, I connected with HK Commons and they took care of everything for around $400 USD. I found that a modest fee to pay to avoid 20 hours figuring it out myself and to obtain the peace of mind of knowing it would be done correctly.
What are the rules for the capital investment entrant scheme?
The entrant is allowed to make his choice of investments amongst permissible assets without the need to establish or join in a business. Individuals who apply to enter Hong Kong, and/or remain in Hong Kong, pursuant to the Scheme are subject to the Rules for the Capital Investment Entrant Scheme (the Scheme Rules) [ ID (E)968 ].