Cyberport Incubation Programme
The Cyberport Incubation Programme (CIP) is a comprehensive programme that supports entrepreneurs and start-ups in Hong Kong. The programme provides financial assistance, mentorship, and access to a network of resources to help start-ups grow and succeed.
Benefits of the Cyberport Incubation Programme
Financial assistance: Up to HK$500,000 in funding over a 24-month period
Mentorship: Access to a network of experienced mentors who can provide guidance and support
Networking: Opportunities to connect with potential investors, partners, and customers
Workspace: Rent-free workspace at Cyberport
Access to facilities: Free use of Cyberport's shared meeting rooms, conference rooms, co-working spaces, and other facilities
Eligibility for the Cyberport Incubation Programme
Your company must be a registered digital tech company limited by shares (or in progress of incorporation) under the Companies Ordinance in HKSAR.
The date of incorporation of your company must be less than 7 years upon application deadline.
Your company must be headquartered in Hong Kong.
Your company must have a full-time management team with a clear vision and business plan.
Your company must have a strong technical team with the ability to execute the business plan.
How to apply for the Cyberport Incubation Programme
The Cyberport Incubation Programme accepts applications all year round.
Applications are processed in four batches.
To apply, please visit the Cyberport website and complete the online application form.
Applications are reviewed by a panel of experts, and successful applicants will be invited to pitch their businesses to a panel of judges.
The Cyberport Incubation Programme is a valuable resource for entrepreneurs and start-ups in Hong Kong. The programme provides the financial assistance, mentorship, and networking opportunities that start-ups need to grow and succeed.
Why Hong Kong
Hong Kong is a special administrative region of China, and it is one of the most important financial centers in the world. The city is home to a large number of multinational corporations and banks, and it is a major center for trade and investment.
Hong Kong Special Administrative Region of China
There are many reasons why Hong Kong is a good place to start a business. The city has a strong economy, a low tax rate, and a pro-business government. Hong Kong also has a highly skilled workforce and a well-developed infrastructure.
Here are some of the specific reasons why Hong Kong is a good place to start a business:
Strategic location: Hong Kong is located in Asia, which is the fastest-growing region in the world. The city is also close to Mainland China, which is the world's second-largest economy.
Business-friendly environment: Hong Kong has a low tax rate and a pro-business government. The city also has a strong legal system and a transparent regulatory environment.
Skilled workforce: Hong Kong has a highly skilled workforce that is proficient in English and Mandarin.
Well-developed infrastructure: Hong Kong has a well-developed infrastructure, including a world-class airport, seaport, and transportation system.
In addition to these factors, Hong Kong is also a great place to live. The city is safe, clean, and has a vibrant culture. There are also many things to see and do in Hong Kong, including shopping, dining, and sightseeing.
If you are considering starting a business in Asia, Hong Kong is definitely worth considering. The city has all of the ingredients that are necessary for businesses to succeed.
How Bestar can Help
Bestar can help Cyberport Incubation Programme companies in a number of ways, including:
Tax compliance: Bestar can help companies ensure that they are compliant with all of the relevant tax laws and regulations in Hong Kong. This can help companies avoid costly penalties and fines.
Financial reporting: Bestar can help companies prepare their financial statements in accordance with Hong Kong Financial Reporting Standards (HFRS). This can help companies attract investors and lenders.
Bookkeeping: Bestar can help companies with their bookkeeping, including maintaining general ledgers, journals, and bank reconciliations. This can help companies track their income and expenses and make informed business decisions.
Payroll: Bestar can help companies with their payroll, including calculating salaries, wages, and taxes. This can help companies save time and money.
Business advisory: Bestar can provide companies with business advisory services, including advice on tax planning, financial management, and business structure. This can help companies make sound business decisions and achieve their goals.
Bestar has a team of experienced accountants who are familiar with the needs of Cyberport Incubation Programme companies. The firm also has a strong track record of helping companies succeed.
Here are some of the specific ways that Bestar can help Cyberport Incubation Programme companies:
Help companies understand the Hong Kong tax system: The Hong Kong tax system can be complex, and it is important for companies to understand the rules and regulations in order to avoid penalties. Bestar can help companies understand the tax system and ensure that they are compliant with all of the relevant laws.
Help companies obtain tax registrations: Companies that are operating in Hong Kong must obtain a tax registration number (TRN). Bestar can help companies obtain a TRN and ensure that they are registered with the Inland Revenue Department (IRD).
Help companies file tax returns: Companies that are operating in Hong Kong must file tax returns with the IRD on an annual basis. Bestar can help companies prepare and file their tax returns accurately and on time.
Help companies manage their cash flow: It is important for companies to manage their cash flow carefully in order to avoid financial difficulties. Bestar can help companies develop a cash flow management plan and track their income and expenses.
Help companies prepare for audits: The IRD may select companies for audits. Bestar can help companies prepare for audits by ensuring that their financial records are accurate and up-to-date.
In addition to these services, Bestar can also provide Cyberport Incubation Programme companies with a number of other benefits, including:
Discounted rates: Cyberport Incubation Programme companies can receive discounted rates on Bestar's accounting services.
Free consultations: Cyberport Incubation Programme companies can receive free consultations with Bestar's accountants.
Access to resources: Bestar can provide Cyberport Incubation Programme companies with access to a number of resources, including tax guides and financial planning tools.
If you are a Cyberport Incubation Programme company, contact Bestar to learn more about how we can help you succeed. Contact Bestar today!