The auto parts and accessories industry is well-developed in Hong Kong, with various companies producing and exporting parts, accessories and various components for the automotive industry.
Some of the most important categories of exported and re-exported auto parts are electronics and electrical components.
One of our company formation specialists in Hong Kong is able to provide you with details on the features of the automotive industry and how you can enter the market as a foreign investor.
Auto parts and accessories businesses in Hong Kong
Investors who want to set up an auto parts business in Hong Kong can specialize in certain industry sub-sectors, such as electronic manufacturing services. The industry is developed, with a significant export performance and companies of various sizes exist on the market.
Exporters trade in a variety of products, from automotive electronics and electrical gear to part and accessories for vehicles and motorcycles, alarms, navigational equipment and others.
Special permits and licenses are required in this industry. Depending on the manufacturing process, companies may need to observe environmental protection laws such as waste disposal laws.
One of our company registration agents in Hong Kong can give you further details on licensing and specific requirements for companies.
How to open a Hong Kong company
Investors in Hong Kong can open limited liability companies, partnerships or sole proprietorships as well as branches and representative offices.
The type of company chosen for an auto parts business is often the private limited liability company, because of its lack of a mandatory minimum share capital, easy company registration and straightforward accounting and reporting requirements.
Hong Kong companies are registered with the Companies Registry. They must have unique names and can protect their trademarks, patents, designs, etc.
For more information on the taxation of companies in Hong Kong and other requirements for doing business, you can talk to one of our agents.
Our Hong Kong company formation specialists can help you open a business. You can contact us if you you need assiatance and advice.