Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Starting a business in Hong Kong? Discover 10 interesting HK facts

174 views

Published on

Starting a business in Hong Kong? Discover 10 interesting HK facts here: http://www.hongdaservice.com/blog/starting-a-business-in-hong-kong-discover-10-interesting-hk-facts

Starting a business in Hong Kong, or indeed any foreign country, is a daunting proposition for many.

Laws, customs, etiquette, and environment all differ wildly around the world, and Hong Kong is no different. Despite being a former British colony, Hong Kong retains very Asian characteristics. This is both positive and negative for would-be business owners there.

Let's take a look at 10 facts about Hong Kong that anyone who is interested in Hong Kong company registration, either today or sometime in the future, must know about before boarding a plane...

Published in: Business
  • If you’re looking for a great essay service then you should check out ⇒ www.WritePaper.info ⇐. A friend of mine asked them to write a whole dissertation for him and he said it turned out great! Afterwards I also ordered an essay from them and I was very happy with the work I got too.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Have you ever used the help of ⇒ www.HelpWriting.net ⇐? They can help you with any type of writing - from personal statement to research paper. Due to this service you'll save your time and get an essay without plagiarism.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Hi there! I just wanted to share a list of sites that helped me a lot during my studies: .................................................................................................................................... www.EssayWrite.best - Write an essay .................................................................................................................................... www.LitReview.xyz - Summary of books .................................................................................................................................... www.Coursework.best - Online coursework .................................................................................................................................... www.Dissertations.me - proquest dissertations .................................................................................................................................... www.ReMovie.club - Movies reviews .................................................................................................................................... www.WebSlides.vip - Best powerpoint presentations .................................................................................................................................... www.WritePaper.info - Write a research paper .................................................................................................................................... www.EddyHelp.com - Homework help online .................................................................................................................................... www.MyResumeHelp.net - Professional resume writing service .................................................................................................................................. www.HelpWriting.net - Help with writing any papers ......................................................................................................................................... Save so as not to lose
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Starting a business in Hong Kong? Discover 10 interesting HK facts

  1. 1. Starting A Business In Hong Kong? Discover 10 Interesting HK Facts. www.hongdaservice.com /blog/starting-a-business-in-hong-kong-discover-10-interesting-hk-facts Starting a business in Hong Kong, or indeed any foreign country, is a daunting proposition for many. Laws, customs, etiquette, and environment all differ wildly around the world, and Hong Kong is no different. Despite being a former British colony, Hong Kong retains very Asian characteristics. This is both positive and negative for would-be business owners there. Let's take a look at 10 facts about Hong Kong that anyone who is interested in Hong Kong company registration, either today or sometime in the future, must know about before boarding a plane... 1. Hong Kong Is Not The Same As China Hong Kong is in fact a 'Special Administrative Region' which is, arguably, self-governing to a large extent. Is it a Chinese territory? Yes. But the agreement forged with the British regarding 1997, the year their ownership ended, states that Hong Kong will have 50 years of relative autonomy in order to maintain its character and citizens' normal way of life. This is good news for would-be business owners there, as Hong Kong law is modelled on British 'common law' which means that it should be very similar to that of most Western countries (unlike China, for instance). 2. Business Is Often Done At The Dining Table A formal 'banquet,' such as an eight course meal, is a very common business 'gift.' This type of entertaining is normal after-hours, and once drinks flow is where a lot of serious business happens. In the West dining with business contacts is not so common, but in Hong Kong youmay find yourself
  2. 2. invited to celebrate a deal, or to cement your business relationship, and so it is polite to accept and also to invite reciprocally in future. 3. No One Needs To Bow If you think 'Asia,' you might be forgiven for thinking that in a formal situation, such as a business meeting with a potential client, it's important to bow. Japan is probably the only exception to the rule, but in fact in Hong Kong, China, and most other Asian countries a bow can be eschewed in favour of a simple handshake. 4. You Don't Need To Learn Chinese As mentioned, Hong Kong is a former British territory and as such has English as one of its official languages. Whilst learning Mandarin Chinese, or less so Cantonese, will indeed be useful for businesspeople in Hong Kong, the majority of business communication will take place in English, as will official documentation, legal documents, etc. 5. Large And Tall People Will Need To Get Used To Small Spaces Hong Kong is one of the most densely packed cities on Earth, and you will find that the apartment and office sizes are in tune with 'space-saving.' The same money that you'd spent on rent in the West will be likely to supply a much smaller living or office space, so you'd better get used to slightly morecramped surroundings when here. 6. Expect Heat And Humidity, And Lots Of It Lying just within the tropic of Cancer, you'll be in a sub-tropical environment where it can be as hot as an average high of 32 C (90 F) in July and August. Winter is very dry, but between April to October it rains a lot with frequent tropical monsoons. Winter (December to February) never gets too cool, averaging out at around a high of 16 C (61 F), but although it sounds warm, expect evenings to drop off to less than 10 at times. You will feel colder than at home, as Hong Kong apartments usually have little insulation and no central-heating, in fact it may be colder inside than out! Learn more about HongKong's weather here. 7. Live Away From The City Rents for districts near to the city centre of Kowloon and Hong Kong are extrememly high, probably quite some degree higher than many Western cities. In 2014, Hong Kong was one of the top ten most expensive cities in the world, with an average monthly rent of HKD 44,000
  3. 3. (US$ 5,600+) for a three-bedroom apartment in the city center. >> Tweet This Stat << (Source: Internations) Luckily rent drops significantly when moving 30 or 40 minutes out of the city, and public transport routes are affordable, efficient, and easy to navigate, making such a commute fairly painless. 8. Opening A Hong Kong Bank Account Is Quite Tricky Due to recent money-laundering initiatives, Hong Kong banks now require a proof of address in Hong Kong and employent, such as an HK ID (which will be given with employment). An employment contract may be accepted while the ID is being produced. Most will also require a minimum deposit of between around HK$5,000 - 8,000, and some require a minimum capital to be maintained at HK$10,000 otherwise a monthly fee will be incurred. Foreigners will almost always be required to submit a passport at the time of opening the account, and when visiting the bank to undertake routine tasks. It is unlikely you'll be able to open a personal account without being in HongKong, for instance, it cannot be done over the phone from abroad. This issue is similarly shared by businesses, although third party agencies such as Hongda can be proxied to do this for a business, meaning that it is still possible for foreign businesses to undertake Hong Kong company registration before actually coming to Hong Kong. 9. Hong Kong's Economy Is #1 In Freedom Hong Kong has been the world's freest economy, or one of them, for decades. A combination of ease of running a business, low tax burden, and fortuitous location near to China and the rest of Asia; as well as its colonial past and modern infrastructure, make starting a business in Hong Kong a superb option for many companies who have a stake in Asia. 10. There Is NO Sales Tax In Hong Kong Great news for shoppers! Certain goods, such as electronics and cosmetics, are significantly cheaper than elsewhere thanks to HK's lack of sales tax. Whilst this may not be enough to sway your decision to open an office there, it is one of the small things which makes HK a great living environment. Are YOU Considering Starting A Business In Hong Kong? These 9 facts are merely a taste of the information you'll get from Hongda Business Services' new eBook "The Foreign Company's Guide To Starting A Business In Hong Kong." This eBook will prepare you in detail to open a company in Hong Kong, and inform you about the many benefits that foreign companies will have access to once doing so. If Hong Kong is somewhere you're even just considering, take a moment to click below and get the free eBook - there's nothing to lose!

×