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Business Start Up


Business Start Up | Bestar
Business Start Up | Bestar

Hong Kong is a good place to start a business. It has a free and open economy, a low corporate tax rate, and a skilled workforce. The government also provides a number of incentives for startups, such as tax breaks and grants.


Here are the steps on how to start a business in Hong Kong:

  1. Choose a business structure. There are three main types of business structures in Hong Kong: sole proprietorship, partnership, and limited liability company (LLC). Each structure has its own advantages and disadvantages, so it's important to choose the one that's right for your business.

  2. Register your business with the Companies Registry. You can do this online or in person.

  3. Get a business registration certificate. This is required for all businesses operating in Hong Kong. You can apply for a business registration certificate from the Inland Revenue Department.

  4. Obtain the necessary licenses and permits. Depending on the type of business you're starting, you may need to obtain certain licenses and permits. You can find more information about the required licenses and permits on the website of the Food and Environmental Hygiene Department.

  5. Open a bank account. You'll need a bank account for your business to deposit money and make payments.

  6. Hire employees. If you're hiring employees, you'll need to register with the Labour Department and comply with the relevant employment laws.

  7. File taxes. Businesses in Hong Kong are required to file taxes on a quarterly basis.

Here are some of the benefits of starting a business in Hong Kong:

  • Free market economy: Hong Kong has a free market economy, which means that businesses are free to operate without government interference. This is a good environment for businesses to thrive.

  • Low corporate tax rate: The corporate tax rate in Hong Kong is 16.5%, which is one of the lowest in the world. This can save businesses a lot of money.

  • Skilled workforce: Hong Kong has a skilled workforce with a strong education system. This can be a valuable asset for businesses.

  • Government support: The government of Hong Kong provides a number of incentives for startups, such as tax breaks and grants. This can help businesses get started and grow.

If you're considering starting a business in Hong Kong, do your research and speak to a lawyer or accountant to get more specific advice.


Why Hong Kong


There are many reasons why Hong Kong is a good place to start a business. Here are some of the top reasons:

  • Free market economy: Hong Kong has a free market economy, which means that businesses are free to operate without government interference. This is a good environment for businesses to thrive.

  • Low corporate tax rate: The corporate tax rate in Hong Kong is 16.5%, which is one of the lowest in the world. This can save businesses a lot of money.

  • Skilled workforce: Hong Kong has a skilled workforce with a strong education system. This can be a valuable asset for businesses.

  • Government support: The government of Hong Kong provides a number of incentives for startups, such as tax breaks and grants. This can help businesses get started and grow.

  • Strategic location: Hong Kong is located in a strategic location between China and the rest of the world. This gives businesses access to a large market and a variety of resources.

  • Ease of doing business: Hong Kong is ranked as one of the easiest places to do business in the world. This means that businesses can set up and operate quickly and easily.

In addition to these factors, Hong Kong also has a number of other advantages that make it a good place to start a business. These include:

  • A stable political environment

  • A strong legal system

  • A well-developed infrastructure

  • A vibrant culture and lifestyle

If you are considering starting a business, Hong Kong is a great option to consider. It offers a number of advantages that can help your business succeed.


Here are some specific examples of startups that have been successful in Hong Kong:

  • Foodpanda: Foodpanda is an online food delivery platform that was founded in Hong Kong in 2012. It has since expanded to over 100 countries and has over 50 million users.

  • Gong Cha: Gong Cha is a Taiwanese bubble tea chain that was founded in Hong Kong in 2006. It has since expanded to over 20 countries and has over 1,000 stores.

  • Klook: Klook is a travel technology company that was founded in Hong Kong in 2014. It offers a variety of travel products and services, including tours, activities, and attractions.

  • Airwallex: Airwallex is a financial technology company that was founded in Hong Kong in 2015. It provides cross-border payment solutions for businesses.

  • Shopify: Shopify is a cloud-based e-commerce platform that was founded in Ottawa, Canada in 2004. It has a large number of users in Hong Kong, and it is used by businesses of all sizes.

These are just a few examples of the many startups that have been successful in Hong Kong. If you have a great idea for a business, Hong Kong is a great place to bring it to life.


How Bestar can Help


Bestar is a company formation agent that can help you start a business in Hong Kong. We offer a range of services, including:

  • Company registration

  • Business registration certificate

  • Licenses and permits

  • Bank account opening

  • Employee registration

  • Tax filing

  • Accounting services

  • Business advisory services

Bestar has a team of experienced professionals who can help you with all aspects of starting a business in Hong Kong. We can help you choose the right business structure, obtain the necessary licenses and permits, and open a bank account. We can also help you with your accounting and tax filing, and provide you with business advisory services.


Here are some of the specific ways Bestar can help businesses start up in Hong Kong:

  • Company registration: Bestar can help you register your business with the Companies Registry. They will take care of all the paperwork and filing requirements, so you can focus on other aspects of starting your business.

  • Business registration certificate: Bestar can help you obtain a business registration certificate from the Inland Revenue Department. This is required for all businesses operating in Hong Kong.

  • Licenses and permits: Bestar can help you identify the licenses and permits that your business needs. They can also help you apply for these licenses and permits.

  • Bank account opening: Bestar can help you open a bank account for your business. This is essential for receiving payments and making transactions.

  • Employee registration: Bestar can help you register your employees with the Labour Department. This is required by law if you have any employees.

  • Tax filing: Bestar can help you file your taxes on a quarterly basis. This can be a complex process, so it's helpful to have professional assistance.

  • Accounting services: Bestar can provide you with accounting services, such as bookkeeping and financial statement preparation. This can help you keep track of your finances and make informed business decisions.

  • Business advisory services: Bestar can provide you with business advisory services, such as market research and business planning. This can help you develop a successful business strategy.

If you are considering starting a business in Hong Kong, get in touch with Bestar. We can help you with all aspects of the process and make sure that your business is set up for success.


Here are some of the benefits of using Bestar to start a business in Hong Kong:

  • We are a reputable company with a proven track record.

  • We have a team of experienced professionals who can help you with all aspects of starting a business.

  • We offer a wide range of services, so you can get everything you need from one place.

  • We are affordable and offer competitive rates.

  • We are responsive and always available to answer your questions.

If you are looking for a reliable and experienced company to help you start a business in Hong Kong, contact Bestar.

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