Hong Kong has modern public and private healthcare sectors and the city welcomed and encourages R&D projects in this field.
Investors who want to establish a life science company in Hong Kong can benefit from the support services offered by the Government and the local community build around the Hong Kong Science and Technology Parks Corporation.
An overview of the Hong Kong life sciences sector
The Hong Kong Government supports the development of the private healthcare sector and there are plans to open more private hospitals, in addition to the existing ones.
The life sciences sector in Hong Kong is encouraged through a series of facilities for high-tech firms, R&D incentives and access to special investment areas. The Hong Kong Science & Technology Parks Corporation offers such opportunities for investors in life sciences. Here, they have access to a specially build work environment and facilities to conduct their activities. Biotechnology is one of the three sectors that are facilitated in this Park, other being related electronics, engineering, and telecommunication. Here, investors can open a Hong Kong company that focuses on medical devices, regenerative medicine and Chinese medicine and other sub-sectors.
An advantage for biotechnology companies in Hong Kong is the easy access to other Southeast Asian markets and close proximity to Mainland China. The Hong Kong company formation process is as straightforward for life sciences companies as for other types of businesses.
Investors in the life science sector can find various opportunities in related fields like pharmaceuticals, the development of new hospitals and care facilities, biotechnology or Chinese medicine.
Company registration in Hong Kong
Companies that operate in the life sciences sector need to be incorporated, registered and licensed as per the local regulations and the requirements found in the Companies Law.
One of our company registration agents in Hong Kong can help you with the set-up process once the type of company and the name of the company are selected.
You can contact our Hong Kong company formation agents for further details on how to open a Hong Kong company and the particularities of the life sciences sector.