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HOW TO OPEN A BUSINESS IN HONG KONG: VIRTUAL OFFICE HONG KONG

 

Hong Kong is a well-known business hub for many reasons. The tax system is easy to understand and one of the lowest in the world, it’s close to China, and there are no nationality restrictions for directors or shareholders.

If you want to open a business in Hong Kong, read on to know more about the process. We’ll also talk about making the process hassle-free and less expensive.

OPENING A BUSINESS IN HONG KONG – THE BASICS

Like most places in the world, opening a brick-and-mortar business in Hong Kong will involve a fair amount of paperwork. You can physically go to Hong Kong to open a private Limited Company (the most common type of start-up in Hong Kong).
To do this, you’ll need to have a registered office address, as well as a company secretary. Other requirements include:

• the names of the directors/shareholders
• fees for multiple purposes, such as the company registration fee
• the setting up of a multi-currency bank account, whether it’s in Hong Kong or off-shore
• a copy of your passport/identification documents.

HOW TO OPEN A BUSINESS IN HK, THE EASIER WAY

The easiest way to do start your business in HK is to go through an agency, who, for a fee, will sort everything out on your behalf. You don’t even need to be in Hong Kong! With a reputable agency, the process is fairly straightforward.

To create a ready-made (shelf) company, you’ll just need to pay a fee and send the agency some documents:

• your identity documents
• residential proof of address
• your preferred company names
• the details of your company secretary and business address in Hong Kong.

But what if you don’t have a company secretary or office location? This doesn’t have to be a stress-inducing problem. Read on.

A VIRTUAL OFFICE IN HONG KONG

Launching a start-up can be a headache with all the requirements to fulfil. Not to mention expensive. So why not make it easy, and cut the costs in the process?

A virtual office in Hong Kong could be the answer: you’ll eliminate mounds of red tape, and you’ll cut your overheads drastically.

SO, WHAT’S A VIRTUAL OFFICE? AND WHY DO YOU NEED ONE IN HONG KONG?

A virtual office allows you to project a professional image, even if you don’t have a physical business address. It’s perfect for start-ups, as you don’t need to throw huge sums of money at setting up infrastructure like telecoms lines or forking out for expensive office rentals.

A virtual office lets you rent a prime location, along with all the services you need. These include dedicated phone lines, mail services, and telephone answering. You can even use dedicated meeting rooms- already set up and ready to go.

A virtual office in Hong Kong means you can have your own company, but don’t have to be stuck in a set location. And you can save money at the same time, too.

Want to work from the beach, but have a professional receptionist take calls from clients and forward you the messages? Don’t want to be trapped in an expensive office rental contract, and need help with company set-up paperwork? No problem, as a Virtual Office allows you to do these!

SKY BUSINESS CENTRE, YOUR SOLUTION TO OPENING A BUSINESS IN HK

At Sky Business Centre, you can open – and run- your start-up from anywhere in the world. With the advantage of having a prime business hub address, you’ll get all the perks of a traditional office, at a fraction of the cost.

Sky Business Centre has two virtual office in Hong Kong locations to choose from – one in Causeway Bay and the other in Tsim Sha Tsui. We have price packages to suit any budget. Depending on the package you choose, a monthly fee means you’ll get:

• a prime address
• mail forwarding and handling
• dedicated phone lines
• personal answering services by multi lingual receptionists
• a voicemail to email function.

Plus, if you need to meet clients face to face and you’re in Hong Kong, you’ll be able to use the Sky Business Centre meeting rooms on an ad hoc basis.

If you need a hand in opening a company in Hong Kong, Sky Business Centre can help with that, too. Our services include company formation and business supports. These include allocating an authorised representative in Hong Kong to set up your Limited Company on your behalf, company secretarial services, or visa applications if needed.

Contact us for more information and to set up your virtual office in Hong Kong now.

References
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