By 6 min read

How do I start an online store in Hong Kong?

5 Steps to Setting up an E-commerce Business in Hong Kong

  1. Set Up Your Hong Kong Company.
  2. Take Advantage of Virtual Business Accounts.
  3. Open Your Business Account.
  4. Research eCommerce Models and Trends.
  5. Get Set Up on the Marketplace of Your Choice.

How much does it cost to open a company in Hong Kong?

Fees

Different Hong Kong entity types Registration cost Annual maintenance fees
PLC company US$8,600 US$4,900
LLC with employment visa US$15,205 US$5,000
Hong Kong company with China corporate bank account US$11,655 US$5,000
Foreign trust US$16,000 US$11,600

How can I open a store in Hong Kong?

In order to open an online shop in Hong Kong investors will need to consider purchasing a domain name and incorporating a company that will act as the seller of the online goods. Our team of Hong Kong lawyers highlights the main aspects related to opening an online business in the city and its advantages.

Can foreigners start a business in Hong Kong?

Foreigners Who Plan to Start a Business in Hong Kong A foreigner has the complete right to be the individual director and shareholder of a company in Hong Kong. There is no requirement for a local resident to do so.

What are the online business ideas?

Here is our list of 27 online business ideas for 2021:

  • Start a Blog and Monetize it.
  • Get Started With Affiliate Marketing.
  • Set Up an E-Commerce Site.
  • Self-Publish a Book on Amazon.
  • Create a Digital Product or Course.
  • Become a YouTuber.
  • Start App Development.
  • Learn Facebook Advertising.

How do I get into Ecom business?

How to start an e-commerce business

  1. Step 1: Research the e-commerce space and find your niche.
  2. Step 2: Select your business name and choose a legal structure.
  3. Step 3: Apply for an EIN.
  4. Step 4: Obtain business permits and licenses.
  5. Step 5: Choose an e-commerce platform and create your website.

Is Hong Kong a good place to start a business?

It’s easy to open and operate a business in Hong Kong In fact, Hong Kong is ranked fourth globally in the “ease of doing business” rankings. The city offers low corporate taxes and even some tax breaks, with a great reputation for supporting SMEs. The government has many support initiatives for businesses, too.

What is the best business in Hong Kong?

What are some of the profitable businesses to start in Hong Kong?

  • Consultancy Services. Hong Kong ranks among the top countries that have branches for consultancy business services.
  • Tutoring Online. This is another business opportunity that has been on the rise in Hong Kong.
  • Bookkeeping and Tax Preparation.

What is a good business to start in Singapore?

55 Business Ideas to Get You Started as an Entrepreneur

  • ACCOUNTANT. Every business needs an accountant to handle their finances, especially as they grow and their finances become more complex.
  • BICYCLE REPAIR.
  • BOAT CLEANING.
  • BUSINESS PLAN SERVICE.
  • CLEANING SERVICE.
  • COMPUTER REPAIR.
  • CONSULTANT.
  • DOG BREEDER.

How much does it cost to open a business in Hong Kong?

Hong Kong is, along with Singapore, the most liberal economy in the world. Therefore, opening a limited company is simple, fast, and cheap (the government requires a fee of 1,730 HKD for the Company Registration and a fee of 250 HKD for the Business Registration Certificate).

Can a sole trader open a company in Hong Kong?

In the past, you were allowed to open a Sole Trader Company in Hong Kong without a Hong Kong resident permit. Nowadays, unless you’re planning to stay in Hong Kong, you can only open a Limited Company.

How to open a company in Hong Kong as a foreigner in 2021?

The incorporation documents and company kit (seal, stamp and so on): about 2,070 HKD. Company registration (government fee): 1,730 HKD. The Business Registration Certificate (government fee): 250 HKD. Provision for the company secretary: 3,500 HKD. Provision for the registered office address: 2,000 HKD.

How to open a bakery in Hong Kong?

Investors who wish to open a bakery in Hong Kong must comply with the licensing requirements for these types of activities. Baking the products and selling them can be performed only in accordance with the ongoing laws and regulations for this particular type of business activity.