Hong Kong has a stable, mature and well-developed fast moving consumer goods market. The entire Asian region is expected to record an important growth for the FMCG market in the coming years and those who want to open a company in the FMCG sector in Hong Kong can benefit from the advantages the city has to offer to investors.
Investors in this field can also look toward the opportunities presented by the Chinese market while using Hong Kong to base their FMCG company. Basing the company in the Special Administrative Region while also targeting the Mainland market is a popular choice because of the easy company formation in Hong Kong.
We invite you to watch the following video on opening a company in the FMCG sector:
The FMCG market in Hong Kong
Hong Kong companies in the fast-moving consumer goods market have a variety of sub-sectors to invest in, all including different types of categories of consumables. Companies target areas like soft drinks and/or processed foods or toiletries and cosmetics.
Investors can also explore the onlineFMCG market, which is recording a constant growth. Online retailers are becoming more popular in Asian countries like China, South Korea or Taiwan. Opening a Hong Kong company can provide easy access to all of these markets in the region.
Company mergers and acquisitions are frequent in the FMCG sector. One of our company formation agents in Hong Kong can give you more details on these company restructurings and can provide you with adequate support.
Opening a company in Hong Kong
Company formation in Hong Kong is a fast and simple process, provided that the company has all of its incorporation documents in order. The Memorandum and Articles of Association are needed, as well as a bank account in Hong Kong. The registration form and documents are submitted to the Companies Registry.
All corporations in Hong Kong, including FMGC companies, must observe the local tax laws and accounting and reporting practices. These types of companies are also required to obtain special permits for importing different consumables, according to the products they commercialize.
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