Attractiveness of Hong Kong for Entrepreneurs from Rest of Asia

However, it is interesting to note that it is not just companies from the west that are now interested in doing business in Hong Kong. Of late several entrepreneurs from within Asia itself have tried to relocate their business to Hong Kong. Even though most nations in Asia are going through an economic boom and foreign companies are waiting to enter those markets, the local entrepreneurs themselves dream of setting up their business in Hong Kong. While this phenomenon is quite interesting, for most business analysts it is nothing surprising. Over the years even though there have been several other emerging business hotspots in Asia, very few of them can match up to the advantages available in Hong Kong.

First of all, it is actually easier for Asian entrepreneurs to incorporate a company in Hong Kong than in their own countries. Only Singapore has as simple company incorporation procedure as Hong Kong. Otherwise many entrepreneurs from across Asia say it is far simpler and straightforward for them to register their business in Hong Kong. They are even allowed 100 per cent company ownership and the entire registration process can be completed within a week. After company incorporation, foreign entrepreneurs have a choice either to manage the Hong Kong Company from overseas or apply for the appropriate visa and relocate to Hong Kong. Asian entrepreneurs can continue to live in their own home country but setup and manage a business in Hong Kong.

Hong Kong's own vibrant economy and the fact that it is the freest economy in the world are also extremely attractive for any Asian entrepreneur. They know that to really take advantage of the Asian economic boom, they need a presence in Hong Kong as well and it is not surprising that many of them prefer making Hong Kong their main base for company operations and open subsidiaries or branch offices in other Asian nations.

Article Source: http://www.articlesbase.com/entrepreneurship-articles/attractiveness-of-hong-kong-for-entrepreneurs-from-rest-of-asia-5163138.html

Bryan Wong is a business analyst in the Asia-Pacific region and in his free time writes business articles. In this article, Bryan talks about Hong Kong company registration and Hong Kong subsidiary company.