Car rental is popular in Hong Kong among the many expats and the tourists. Companies operating on this market offer various vehicle option, at different rates, depending on the size of the corporation and the car model.
Investors who want to start a car rental business in Hong Kong need to follow a few steps for company incorporation. One of our agents can help you know everything about the requirements to open a Hong Kong company.
We invite you to watch the following video on starting a car rental company in Hong Kong:
Car rental businesses in Hong Kong
Car rental in Hong Kong is accessible and advantageous for expats and individuals who plan to spend more time in the city. Although the taxi service reaches all of the areas of the city, some may find it more convenient to drive a rented car.
Small and large car rental companies are present on the market. Larger ones can be branches in Hong Kong belonging to international companies. The services are similar, although differences exist in terms of car fleet, prices and/or discounts and promotions. Individuals can access special price comparison websites to find out more about the car rental rates in Hong Kong.
Car rental companies in Hong Kong adapt their prices and offers according to their targeted customers and to the local market evolution.
Investors who want to open a car rental business should have a well-put-together business plan, the needed capital to purchase the car fleet and an attractive services package. Basic car rental services include the car rent, for pre-established periods and additional services may include the option to hire a private chauffeur.
An important step after determining the business plan is following the requirements for Hong Kong company formation.
How to open a Hong Kong company
Company formation in Hong Kong is simple and straightforward. Regardless of the type of company, the new legal entity must have a unique name, a bank account in Hong Kong and its Articles of Association drafted according to the number of shareholders and its type.
The next step is company registration in Hong Kong, performed with the Companies Registry. The new company can start its car rental activities in just a few days, of all the conditions are met.
One of our Hong Kong company formation agents can help you during the company incorporation phase.
Contact us for more information on the requirements to open a company and for personalized assistance.