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.
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
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.