Hong Kong’s technology sector includes both local and overseas companies that each bring a new level of competitiveness and innovation. Companies in the tech sector specialize in a number of industries in fields, from industrial engineering to IT and telecommunications.
In order to open a tech company in Hong Kong investors need to come up with a business plan and an innovative outlook. Company formation in Hong Kong is easy and foreign investors can also ask for the help provided by a team of company formation agents.
Setting up a company in Hong Kong is a process accessible to foreign investors irrespective of their country of origin. If you would like to receive personalized answers to your questions, or if you with to start a company in a business field other than the one presented herein, please do not hesitate to reach out to our team of company formation experts.
Our experts invite you to watch the following video on opening a tech company in Hong Kong:
Hong Kong welcomes tech companies
Hong Kong’s unique position in Asia and its low taxation regime are two reasons why international tech companies and entrepreneurs are coming to base their business in the city. Another important matter to consider when choosing the location for a tech company in Asia is manufacturing: if the headquarters are based close to a manufacturing hub, the developer will be able to better manage the operations. Hong Kong is located close to Mainland China where cities like Shenzhen are known to be important manufacturing hubs for Hong Kong companies.
The city encourages investors to open a Hong Kong company and further encourages investments in technology through a very-well developed tech infrastructure: the Hong Kong Science Park is an important base for an astounding number of tech companies.
The technology sector is also involved in trading with a variety of tech products. Those manufacturers interested both in Hong Kong company formation and in trading will need to observe the requirements for licensing in order to trade.
How to open a tech company in Hong Kong
Company registration in Hong Kong is quick and easy: investors need to follow a few steps and meet the minimum, permissive requirements for opening a business.
There is no minimum share capital and the types of companies are suited to accommodate all kinds of business sizes.
The main steps for company formation in Hong Kong include the following:
- choosing a type of company and an available company name;
- preparing the company documents and registering the company with the Companies Registry;
- opening a bank account and finding suitable premises for the business;
- obtaining any other mandatory special permits and licenses;
- hiring employees.
Our accountants in Hong Kong provide complete solutions for tech companies, as well as any other companies, irrespective of the industry in which they activate. You can rely on our assistance for preparing the annual (audited) financial statements, bookkeeping, tax filing and payment, as well as issues concerning social security contributions or special financial assessments for your business.
Setting up a business in Hong Kong can be accomplished with the help of a team of experts. You can contact our Hong Kong company formation agents for more details on the set-up process.