The business start-up costs in Hong Kong include the expenditure needed for submitting the necessary applications for registration, the registration fees and the registration levies. Foreign investors who want to incorporate a new company in the city need to consider these costs and incorporate them in the preliminary financial and business plans for the company.
The Hong Kong Special Administrative Region was awarded a good level foe doing business by specialized institutions worldwide. The ease of doing business rank, as expressed by the World Bank, is 3 for Hong Kong meaning that foreign investors do not face as many hurdles when starting a company.
Our specialists invite you to watch this video about the most important business start-up costs in Hong Kong:
Company incorporation procedures in Hong Kong
The main costs for company incorporation in Hong Kong refer to the ones needed to make the applications to the relevant authorities for registering the new company. The investor will have to choose a name for the company and submit the application to obtain the certificate of incorporation.
The time to complete this procedure is reduced to as little as one day for online application submissions to the Companies Registry. Business owners who choose this method will obtain an electronic Certificate of Incorporation and Business Registration. The associated costs include: the application fee 1,720 HKD, the business registration fee 2,000 HKD and the business registration levy at 250 HKD. The total costs for the company incorporation procedure in Hong Kong are estimated at about 500 €.
The costs detailed above are approximate and they may vary according to changes in the practiced fees. Our Hong Kong company formation representatives can give you specific information about the fees for various application submissions. Apart from these costs, business owners will also have to submit the minimum share capital upon incorporation, as required per the chose type of company in Hong Kong.
Additional costs for new businesses in Hong Kong
A new company in Hong Kong will need to be prepared for additional costs apart from those related to the minimum share capital and the incorporation fees. The company will need to have a registered offices and for this purpose many business owners purchase a property in Hong Kong or rent an office space. Real estate prices in Hong Kong average at about 145,504 HKD for small properties and rise to approximately 193,015 HKD for properties greater than 160 sq. m (average house prices in April 2015).
Our Hong Kong company formation agents can give you more information about different types of costs associated with various business types. Depending on the activities you wish to perform you may also need to obtain special permits and licenses and pay the additional fees for these documents.
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