Discover the latest business opportunities & ideas in Hong Kong
Growing a business often means expanding it globally. Hong Kong business opportunities make it one of the best options. The state offers unparalleled benefits to new businesses. And weโre here to help you get set up to thrive. Read on for expert insights from STARTUPRIGHT and Sleek.
Hong Kong market entry
It is incredibly easy to set up a business in Hong Kong – it can take just two days to complete. This process is made simpler with a business like Sleek, which helps you establish your business there.
Once set up, the landscape provides a good foundation for success. Hong Kong business opportunities allow for strong access to capital and there are many investors available.
Gateway to China
Hong Kong forms part of the โGreater Bay Areaโ, which is a Chinese government scheme to integrate it with other regions to form an economic business hub. These include Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing.
The location of Hong Kong, with an active and cooperative business relationship with China, makes it a great way for traders to get a foot into the Chinese market. Thus, it provides even more opportunity to grow and expand your business.
Economic benefits of Hong Kong
Hong Kong offers a number of incredible economic benefits for a new business looking to establish itself in the region.
It is the worldโs leading financial hub and enjoys a strategic location that is close to other economic superpowers on the Asian continent. It is also deemed to be the worldโs freest economy.
Businesses can enjoy low taxation rates in Hong Kong, which helps to maximize income and margins. Itโs also easy to access your money from outside Hong Kong with Payoneer.
The productive work culture and effective law system make it an easy landscape in which to operate and optimize results.
Frequently Asked Questions
To set up a business in Hong Kong, you will follow these steps:
- Assemble documents (passport, proof of domicile) and pick a company name
- Fill out relevant forms
- Sign/submit the application electronically or in person
- Wait for approval and business registration certificate
Hong Kong has a cooperative business with China and is strategically located. As such, Hong Kong-based businesses can easily access the Chinese market.
Hong Kong has low taxation rates. Businesses are not liable for sales tax, capital gains tax, or dividend tax.
The key industries in Hong Kong are financial services, tourism, trading and logistics, and professional and producer services.
When compared to other business hubs in Asia, Hong Kong offers an easier setup process, lower tax rates, and a strategic location to other key markets.
The Belt and Road Initiative was launched by the Chinese government to create economic cooperation between countries along the proposed routes. Hong Kong forms part of this and its established reputation as an international point of trade makes it a crucial part of the initiative.
Hong Kong has some of the highest net worth per capita in the world, so there is a wealth of funding and investors available to businesses. Networking in this space can help generate funding for a business.
With companies like Sleek, businesses have the necessary support to get set up in Hong Kong.
Related resources
3 ways youโre missing out by not invoicing in a foreign currency
As an SMB operating across borders, have you ever struggled with invoicing your overseas partners in their local currency? Itโs a common challenge that many businesses face when trying to manage their finances and cash flow. In this blog post, weโll explore the benefits of invoicing in foreign currencies and how it can help your…
Bangladeshโs Digital Revolution: How Service Exporters are Scaling Globally
From freelancing to IT services, Bangladesh is quietly becoming a global services hub. Discover how digital entrepreneurs are tapping new markets, overcoming payment friction, and powering the next chapter of export growth.
Tariffs and Trade: A CFOโs Roadmap for Service Export Growth
CFOs in Bangladesh are reshaping how service exporters scale in uncertain times. As global trade tensions rise, the countryโs IT and business services sector is boomingโreaching $1.4B in 2024 with 40% annual growth. By using smart currency strategies, cost optimization, and global payment tools, CFOs are helping businesses expand through tariff-proof service exports.
How to Tap New Trade Corridors: Connecting Pakistan with the UK and Emerging Markets
Pakistanโs exporters are reducing US reliance by tapping the UK and regional markets. With UK trade hitting ยฃ4.7B, DCTS benefits, and SEZ-driven efficiency, sectors from textiles to IT are thriving. Payoneer powers this shift with GBP accounts, instant local withdrawals, and exchange rate control.
3 Things You Need to Know About Forming a U.S. Company (And How We Can Help You Do It)
For any cross-border business, the current tariff talk coming out of the United States is presenting new challenges. But, as a trusted specialist in borderless business, we have some ideas, and solutions, to help make operating globally less complex and more cost effective, even when U.S. tariffs are imposed.ย ย This time, we want to tell you…
Leveraging Singapore as a Trade Hub: How Businesses Can Expand into ASEAN and Beyond
Singapore is more than a locationโitโs a regional command center. With strong infrastructure, transparent regulations, and seamless financial services, it gives companies a strategic base for ASEAN growth. This guide explores how Singapore supports expansion and how Payoneer helps businesses manage compliance and multi-market payments.
How SMEs Can Leverage Singapore’s Free Trade Agreements (FTAs) to Minimize Tariff Costs and Expand Globally
Singaporeโs 27 FTAs are a major but underused advantage for SMEs. Agreements like the RCEP connect Singapore to 14 markets with preferential trade terms, reducing costs and easing market entry. Many SMEs assume FTAs only benefit large companies, but they often provide even greater value to smaller businesses that take the time to use them.
What is a Trade Deficit?
A trade deficit occurs when a country imports more goods and services than it exports, creating a negative trade balance. In contrast, exporting more than is imported results in a trade surplus. Learn more about how global tariffs impact trade here .
Bill vs invoice โ whatโs the difference between?
Welcome to our guide on the differences between invoices and bill documents. As an eSeller, youโre familiar with these terms but may not know exactly what sets them apart. Not to worry, today we will tackle the topic ofย bills vs invoices. Many people use invoice and bill documents interchangeably, but these financial records have distinct…
How do tariffs get paid?
As the global trade story continues to evolve, we’ll be sharing some simple guides to some of the key terminology and processes you might want to know more about. This week, we’ve got a quick guide to how global tariffs are calculated and paid.
Latest articles
-
Planning to hire employees in France? Hereโs a quick guide
Looking to hire employees in France for your U.S. company? Learn about employment in France and how Payoneer Workforce Management makes it simple to hire in France.
-
Planning to hire employees in Spain? Hereโs a quick guide
Are you looking to hire employees in Spain? Learn about employment in Spain and how Payoneer Workforce Management can help American companies hiring in Spain.
-
How to hire employees in the Netherlands
Looking to hire employees in the Netherlands for your U.S. company? Learn about employment in the Netherlands and how Payoneer Workforce Management can help hire in the Netherlands.
-
How to hire employees in Australia
Looking to hire employees in Australia for your US company? Learn about employment in Australia and how Payoneer Workforce Management makes it easy to hire in Australia.
-
Planning to hire employees in Germany? Hereโs a quick guide
Are you looking to hire employees in Germany? Learn about hiring in Germany and how Payoneer Workforce Management can help U.S. companies hiring in Germany.
-
Planning to hire employees in the Philippines? Hereโs a quick guide
Wondering how an American company hires employees in the Philippines? Our guide covers how to hire employees in the Philippines and how we can help.
Disclaimer
Nothing herein should be construed as if Payoneer Inc. or its affiliates are soliciting or inviting any person outside the jurisdiction where it operates/is licensed to engage in payment services provided by Payoneer Inc. or its affiliates, unless permitted by applicable laws. Any products/services availability are subject to customerโs eligibility. Not all products/services are available in all jurisdictions in the same manner. Depending on your eligibility, you may be offered with the Corporate Purchasing Mastercard, issued by First Century Bank, N.A., under a license by Mastercardยฎ and provided to you by Payoneer Inc., or the Payoneer Business Premium Debit Mastercardยฎ, issued and provided from Ireland by Payoneer Europe Limited under a license by Mastercard. The Payoneer Business Premium Debit Mastercardยฎ cannot be used at merchants or ATMs in Hong Kong or for HKD payments. If you are located in the EEA, all Payoneer Services will be provided to you by Payoneer Europe Limited, trading as Payoneer and regulated by the Central Bank of Ireland.
The information in this document is intended to be of a general nature and does not constitute legal advice. While we have endeavored to ensure that the information is up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability or suitability of the information. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever incurred in connection with the information provided.
