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Hong Kong is one of the most favourable destinations for setting up a business venture. The local administration, world-class infrastructure, abundant talented professionals make it extremely easy to set up a company. Moreover, the simple process of company incorporation lets owners set up their organization in a matter of days.

In order to incorporate an organization, the owner needs to decide on a name and type of the company. In most cases, owners choose to incorporate their organization as a “limited company”, which exposes them to a lot of tax benefits and concessions. After a name for the limited company has been decided, one needs to apply for incorporation with the “Hong Kong Companies Registry” (CR).

In order to attract international business, the Hong Kong administration has simplified the process of setting up business ventures. The process of incorporating  an organization also includes the process of business registration. When the processing of a company incorporation application starts, a business registration application also gets processed simultaneously. The owner is free from the hassles of triggering two different applications for the same cause.

In order to submit a company incorporation, one needs to submit certain documents. The Incorporate Form NC1 needs to be completely filled up and a copy of the organization’s Articles of Association and Memorandum of Association needs to be submitted along with the application. These documents, along with a notice to the Business Registration Office needs to be submitted online at the CR e-Registry website.

The online application needs to be completed by submitting the correct fees associated with the type of the company. In order to set up a private company incorporation that is limited by shares, the Company Registration fee is HK$ 1720, out of which one can claim a refund up to HK$1425 in case of an unsuccessful application. The Business Registration fee is HK$ 2000, which was waved off in the financial year of 2012-13. A separate amount of HK$ 450 needs to be paid on account of the levy to the protection of wages on Insolvency Fund.

The online applications for company incorporation and business registrations are generally processed within an hour of receiving it. On the other hand, if owners decide to apply for Hong Kong company incorporation on paper, the processing takes a little longer. In most cases, the Certificate of Incorporation and Business Registration certificate are issued within four business days of receiving the application.

Beauty Industry and Wellbeing
People in Hong Kong live a modern life full of struggle and efforts. While spending a busy day with tight schedule, people visit fitness centers, yoga centers and massage centers to relax and refresh. As a way of modern life, people all over the Hong Kong spend more on personal grooming. Great business opportunities exist for hair salons, beauty spas, fitness centres, yoga centers, nail services and slimming centers.
Furthermore, around 50 Millions people visit Hong Kong annually for various purposes. Such great number of visitors prove to be the greatest source for promoting beauty and wellbeing business. This year, more than 9 thousand beauty centers have been establish in the entire Hong Kong.
In addition to above, Hong Kong hosts ”Cosmopr” the biggest beauty trade show in Asia that attracts 20 million visitors. Such events provide great opportunity to foreign investors for a successful business.
Biomedical Sector
If you own a biomedical company and are looking to spread your business then Hong Kong is the best platform for your business. Hong Kong has the world class healthcare system and invites lucrative business opportunity by exploring the biomedical related items from Mainland China and other parts of Asia.
Biotechnology and Pharmaceuticals
Hon Kong invites foreign investors for the highly lucrative biotech and pharmaceutical business. The city has world’s renowned, fully equipped and operational medical treatment centers that can be proved best platforms for differed biotech and pharmaceuticals.
Healthcare and Medical Equipment
Medical and surgical apparatus manufacturing companies at Hong Kong are keen and look forward for contract based relationship or even for the co manufacturing basis. Hong Kong has a very encouraging and flexible policy for healthcare and medical equipment business promoters.
The modern medical technology widely uses electronic contents in medical treatments. To meet the growing electronic industrial base demands, electronic industries at the Pearl River Delta PRD is sufficient enough to meet the manufacturing challenges.
Medical Treatment Facilities
Hong Kong is a hub of high standard healthcare services and millions of visitors get medical treatment at Hong Kong every year. People spend much on getting world class medical treatment at various private hospitals. Keeping the importance in view, the government of Hon Kong has allotted four sites for such valuable purposes.
Chinese Medicine Centers
Chinese Medicines are very useful in medical treatments. To meet the growing Chinese medicine demands, a great opportunity for exists for Chinese Medicine Centers across the Hong Kong. During the last decade, Chinese medicines have got appreciation from world over and Hong Kong is becoming the center for Chinese medical treatment.

It is in the public domain that the government of Hong Kong has lived by its word generously without attaching strings to offer support to both local and international investments so that they can effectively start and do well in its soils. The administration has put in place mechanism and plans to attract the world of multinational corporations as well as small enterprises in Hong Kong to start their business. Such incentives include loan guarantees, innovations and incubations financial and advisory support and marketing financial aids.

Innovation and research funding

The Hong Kong government rolled out a research program dumped as SERAP. Small Entrepreneur Research Assistance Program provides financial support in the areas of research and development of technology that can come to the market and hit easily to such companies that are ready to take the challenge.

Under the same scope, the government started to pool the innovation and technology fund (ITF). This is a separate fund that is responsible for innovative ideas and technological upgrade for the companies. This helps the companies to remain competitive in the fast evolving technology days for maximum profitability.

Marketing Financial aid and loan guarantee

There are many supportive programs here;

The Creative Smart Initiative: This aid is specifically meant for the small medium sized enterprises in the creative industry. It helps these entities to brand their product in the market through international competitions and exhibitions.

The EMF (SME Export Marketing Fund): this motivates businesses in Hong Kong to stand in the renowned overseas exhibitions, B2B advisements and international business missions. The funding can overcome up-to fifty percent of companies approved expenditure that amounts up-to 50,000 dollars HK.

Financing Guarantee Scheme of SME provides loan guarantees for companies up to HK$12 million or ranging from 50 to 70 percent.

SME Loan Guarantee Scheme (SGS) those companies who are in need of financial aid for either capital or working equipments, the scheme secures their loan up to a total of $12 million HK.

Incubator programs

Hong Kong being an art and cultural city, there are government programs supporting incubation of ideas in the inventive industry as well as other industries.

The cyberport incubation program assists the SMEs in the digital media ideas and helps them come to the breakeven point and grow.

Design Incubation Program (DIP) gives housing to design upcoming professionals and professional guide.

DesignSmart Initiative gives up to HK$100,000 funding for small scale enterprises to start design projects

Hong Kong Science & Technology Parks scheme provides subsidized office space and highly valued professional consultancy and a small financial aid package to support research and development.

Located in a very advantageous place, Hong Kong is the ideal place for business as it is situated at the heart of Asia. The most thrilling business markets are present here. Shanghai, Taipei, Manila, Kuala Lumpur and Perth, all share the same time zone with Hong Kong while Bangkok, Jakarta, Seoul and Tokyo only have a difference of one hour.

Hong Kong is also a travel hub with over 100 airlines offering flights to approximately 180 destinations. It goes without saying that this plays a vital role in the success of the place as a regional centre. All key markets in Asia are less than a four hour flight away. In addition to this, about half of the world’s populace can reach here within five hours via airway. Also, about 1000 flights ply their route between Hong Kong and the rest of the world on a daily basis and you have the ideal location to conduct business.

The Pearl Delta Region-PDR- is China’s biggest and the most productive area when it comes to manufacturing. The region is located in the northern side of Hong Kong and business associates can easily commute even on a daily basis between the two. This basically means that Hong Kong offers easy and convenient access in both geographically and commercially to business opportunities in mainland China.

The PDR, as it is known, plays home to tens of thousands of factories managed or owned by Hong Kong or overseas companies. The vastly successful nature of the region from a manufacturing stand point has directly led the major cities of the Pearl Delta Region- Shenzhen, Guangzhou and Don guan- being counted as among the wealthiest cities in China. The domino effect is that they have now become strong market for customer goods and consumer services in their own right.

Considering the huge role transport plays in any business, several transport links are currently under construction. This will include the Guangzhou-Shenzhen-Hong Kong Express Rail Link. The rail connecting Hong Kong to Guangzhou will stretch over 142 Kilometers and it will only take one 48 minutes to cover the distance. This transport system will connect to the existing train services on the mainland essentially connecting Hong Kong further still with major cities in southern China and even beyond. All this is in an effort to ensure the easy flow of people and goods between Hong Kong and the Mainland, hence creating a conducive environment which is vital to get successful in business.

The mystery of a productive retailing falsehoods in assembling an attractive number of customers; this may involve the amount, and the nature of customers. If there should arise an occurrence of Hong Kong, a famous shopping goal incorporates all.

Being one of the favored shopping plazas of prosperous Mainland Chinese, It has turned out to be an unparalleled ‘shop window’ for the traders and a pathway for assistant advancement. One has the possibility of increasing the retail business with brilliant chances owing to a free port i.e. No import or trade impose on large portions of the merchandise and an insignificant expense base of in the ballpark of 16.5 %income charge.

Bargain  

Regardless of assuming that you are a wholesaler, retailer, and a wholesaler or specifically concerned with purchasing, sourcing, or exchanging, Hong Kong give you a twin overlap profit of closeness to the source and an open right of recovery to purchasers. The in general circumstance is blasting all around the year for both indoor and open air shopping while four discrete seasons cow the occasional usage.

The momentous position  of the city with its status as Asian Hub, makes Hong Kong an impeccable perfect entryway to Mainland China and to different other cutting-edge assembling areas and advertises that incorporate the same amount as the accompanying locales: Bangladesh, Thailand, Indonesia and Vietnam. In the meantime Hong Kong has an accumulation of ability right from the outline to all items.

The season of merriments as Christmas and Chinese New Year, The Hong Kong gives an improved shopping action in the domain. The greatest image of global retail marks discovered in the Asia is verification that Hong Kong emerges as the planet’s most grand and productive areas.

Adornments

Hong Kong turns out to be fifth most noteworthy exporter of important gems and the second biggest exporter of conventional adornments, everywhere throughout the planet. It emerges with its capability to lead the preparation pivot for immaculate gold things and turning into a critical center of jade creation with honorable position as the greatest broker and merchant of pearls. Also, it additionally has the distinction of being a capital of Asia’s precious stone stock.

The preparing of worth included assembly comes to be arouse at Hong Kong with its favored securing of some incredible fashion designers, very innovative, intentive and creative individuals, trustworthy and reliable buyers and cooperative suppliers.

http://www.investhk.gov.hk/business-opportunities/retail.html

At the same time as Mainland China forever entails a visa for admission, Hong Kong is a divide journey region with commerce gracious colonization strategies. Guests from over 170 states get pleasure from visa-free admission into Hong Kong, with restrictions varying flanked by seven and 180 days.
Working visa requirements
Overseas usually necessitate a visa before existing or operations in Hong Kong, other than Hong Kong’s visa programs designate with the intention of provisional guests are allowed to demeanor production consultation and symptom convention while on a guest’s travel permit.
Hong Kong travel permit forms
Service visa
To occupy citizens from abroad, you require revealing that a potential member of staff has particular abilities, information or practice not willingly accessible in Hong Kong. The planned member of staff must be supported by an owner in Hong Kong.
Venture visa
This necessitates you to be a partner of a Hong Kong inventory corporation. You can perform this by:
• Inventory and adjustment of a company in which you are the chief sponsor, or
• Empowering in a Hong Kong located corporation
You will also require making particulars of the feasibility of your planned commerce – or your monetary location if you are spending in an obtainable corporation.
Capital Investment Entrant Scheme (CIES)
Permitted CIES interviewees can look for service or set up commerce in Hong Kong. Provisions are:
• A resources speculation of HK$10 million into a justifiable quality division in Hong Kong
• Confirmation that you can hold yourself up
• Confirmation that you can prop up any reliant without community support
Dependant visa
A populace who productively pertain for a visa can convey their partner and contingent family under the age of 18, offered they have adequate finances and appropriate adjustment. The boundary on their residence is the equivalent as the visa holder – who is formally the ‘sponsor’. A partner holding a dependent relative visa can commence any type of legalized service in Hong Kong.
Hong Kong Identity Card
By rule every Hong Kong occupant in excess of the age of 11 years must take a Hong Kong individuality certificate at all periods. If you have authorization to continue in Hong Kong for supplementary 180 days, for case in point of an operational or speculation visa, you must be relevant for a Hong Kong individuality certificate. The submission at the colonization section is simple and cost free. You necessitate pertaining inside 30 days of advent in Hong Kong.
Employment Regulations
The Employment Ordinance puts out the least prerogatives for workers, such as constitutional public holiday, obligatory visionary finance expenses, ill and motherhood depart and separation and employment expenditures. Owners are appreciative to obtain the worker’s reimbursement indemnity plans for their workers under the Employees’ Compensation Ordinance.

About 150 years ago, Hong Kong has attracted people from all over the world to set up enterprises and explore opportunities. Today the town is still house to a vibrant and diverse enterprise community.

Asia’s most cosmopolitan city, Hong Kong brags all the support and services construction, it takes to seem like a house for worldwide inhabitants, while still maintaining its own distinct identity and heritage. That’s why we call it as Asia’s world town. Its compact dimensions, attractive scenery, buzzing night life and amicable worldwide community all blend to offer the best expat life in Asia. Hong Kong is considered as one of the secure city in the world.

An English-speaking town in Asia

Hong Kong is a bilingual city with two authorized languages, Chinese and English. Whereas 97% of the community speaks Cantonese, enterprise is generally undertaken in English. Nearly all information, encompassing signals, announcements and government and dealing websites, is provided in Chinese as well as English.

It’s very simple to find a house in Hong Kong

Hong Kong provides a wide variety of houses and locations, from apartments in high-rise expansion in the town to customary homes in the homeland areas. Expatriates can choose a position that suits their lifestyle, from the buzz of Hong Kong isle, to beachfront luxury suites, family-friendly new city developments and the slower-paced villages of the New Territories and Outlying Islands.

Hong Kong has a plenty of quality leased places to stay and there are numerous real land parcel agents who focus in meeting the desires of expatriates. Overhauled apartments are furthermore broadly accessible for shorter stays.

Worldwide education

Hong Kong has a large range of schooling options, plus some fifty international schools, from kindergarten and primary schools to secondary and university teaching. Simultaneously, they also offer more than ten worldwide curriculums encompassing Singaporean, Australian, German, Korean, UK, French, US, Japanese and worldwide Baccalaureate.

Kids who study in Hong Kong rise up with a worldwide mesh of friends. They are furthermore exposed to other dialects, including Mandarin which is often taught as a second dialect in international schools.

One of the world’s best healthcare schemes

Hong Kong has one of the world’s largest quality public and personal healthcare systems. There are many government clinics and clinics, offering reduced cost healthcare to citizens of Hong Kong. Private healthcare is also very good and varieties from Western surgery to customary Chinese Medicine and holistic advances. Finding an English-speaking doctor or expert is clear-cut.

Enjoy the outdoors

Although most of the people combine Hong Kong with its busy built-up streets and iconic harbor skyline, it’s amazingly easy to get pleasure with the city’s plentiful green spaces. Over 40% of Hong Kong is made up of sheltered country parks, hills and sandy shores. At the weekend, several Hong Kong people head for the city’s many hiking trails, or to the sandy shore. Another popular choice is a day cruise round Hong Kong’s appealing coastline on a junk.

For a business to thrive, certain factors have to be met so that the operations are run smoothly. Most of these factors are dependent on the location because this is what will bring most of the factors together. This is what makes most businesses in Hong Kong successful. They are successful because they have access to some of the top class facilities which they can use to offer better services. For instance, the infrastructure is good therefore giving people a chance to reach their clients at the most convenient time.

While still considering the infrastructure, you should know that there is a railway line that runs through the city therefore people can use this so that they transport the raw materials they will require for their businesses. This is a cheap option that most of the people who deal with very heavy raw materials can take advantage of. There are also several airlines that give people access to the other cities and other countries within the Asian continent. This makes it the best location especially for the people who move around a lot.

The government policies in the city are favourable to people who run businesses. This means that they are able to carry their activities with minimal interferences from the government. In any case, the Chinese government is very supportive of people who start their companies in the city therefore making it very convenient. This means that you will get all the documents which you need to establish a business within the shortest time. This makes the time people take to establish a business short hence attractive to most people. The taxes that you pay are lower hence something that further attracts more people.

Another thing is that there is ready labour and market in the city therefore making the process of starting and running a business very easy. The people offering the labour services are skilled therefore you stay assured that the services you will get are of high quality. The huge population in the city makes it possible for a business to realise good profits within a very short time. Another reason that makes this city ideal for locating a business is that it is international therefore you can also get clients from all over the world. In most cases, this is what most investors consider when establishing a business. Generally this city is able to meet all the requirements that will make sure a business becomes successful.