Hong Kong is one of Asia’s most important business centers, with most businesses flocking there to take advantage of the region’s flexible working environment, advantageous tax rules, and lower wage rates.
If you want to start a business or grow internationally, you should first figure out what types of businesses are permitted in the area:
- Consultants in Business
- Agent for Shipping
- Agency for Travel
- Seller on eBay or Amazon
- Agent for Product Sourcing
- Making and remodeling furniture
- Agency for Call Centers
- Developer of mobile applications
- Industrial production (i.e., Electronics, Clothing, Bags, & Accessories,
- Tablets & Laptops, Toys, Gadget Accessories)
- Forwarder of Freight
Knowing the nature of your business is important not just for IRD reporting, but it also influences how banks evaluate your application for a business bank account opening.
It is nevertheless recommended that you conduct thorough study and seek the advice of a professional or business formation service provider.
