Expanding into
Hong Kong
Expanding to countries such as Hong Kong – which is characterized by a highly-skilled and productive workforce, multifaceted employment and tax laws, a world-renowned infrastructure network and leading sectors in financial services, tourism, trading and logistics, and professional and producer services – can bring both excitement to the possibilities, but also significant stress to ensuring the entity with the country’s rigorous legal structures and laws.


Get the Support You Need
Global Expansion is a step to make for any business, regardless of your goal. But the opportunities that can come with an expansion can be stimulating as well as intimidating and confusing, especially when you consider all of the registration procedures that need to be done and the documentation required.
Going at it without the proper support can increase the costs, time and risks involved.
The legwork and potential red tape can be worked through more efficiently and cost-effectively with the support of a Professional Employer Organisation (PEO) such as Bradford Jacobs, primarily through our Employer of Record (EOR) framework.
It can be best utilised when businesses are just beginning their expansion process and require more information before incorporating an entity and fully establishing themselves in that market.
Hiring Staff
in Hong Kong
The economy of Hong Kong is a highly developed free-market economy. It is characterized by low taxation, almost free port trade and a well-established international financial market.
Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. There is no officially recognized central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.
Its economy is governed under positive non-interventionism and is highly dependent on international trade and finance. For this reason, it is regarded as among the most favorable places to start a company.
Hong Kong’s economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves at around US $408 billion as of mid-2017, rigorous anti-corruption measures and close ties with mainland China.
The Hong Kong Stock Exchange is a favorable destination for international firms and firms from mainland China to be listed, due to Hong Kong’s highly internationalized and modernized financial industry. Additional advantages include the city’s capital market in Asia, its size, regulations, and available financial tools, which are comparable to London and New York City.
Hong Kong has also had an abundant supply of labor from the regions nearby. A skilled labor force coupled with the adoption of modern British/Western business methods and technology ensured that opportunities for external trade, investment, and recruitment were maximized. Prices and wages in Hong Kong are relatively flexible, depending on the performance and stability of the economy of Hong Kong. Hong Kong raises revenues from the sale and taxation of land and through attracting international businesses to provide capital for its public finance, due to its low tax policy. According to Healy Consultants, Hong Kong has the most attractive business environment within East Asia, in terms of attracting foreign direct investment (FDI). In 2013, Hong Kong was the third largest recipient of FDI in the world.
As of March 2021, there were over 340 000 SMEs in Hong Kong. They accounted for more than 98% of the total number of enterprises and provided job opportunities to more than 1.2 million persons, about 45% of total employment (excluding civil services).
Most of the SMEs were in the import/export trade and wholesale industries, followed by the professional and business services industry. They accounted for about 46% of the SMEs in Hong Kong and represented about 44% of the SME employment.
In Hong Kong, SMEs are defined as manufacturing enterprises which employ fewer than 100 persons and non-manufacturing enterprises which employ fewer than 50 persons are regarded as SMEs in Hong Kong.
Business Registration (BR) number
eTAX Account
Hiring Staff
in Hong Kong
Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. There is no officially recognized central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.
Its economy is governed under positive non-interventionism and is highly dependent on international trade and finance. For this reason, it is regarded as among the most favorable places to start a company.
Hong Kong’s economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves at around US $408 billion as of mid-2017, rigorous anti-corruption measures and close ties with mainland China.
The Hong Kong Stock Exchange is a favorable destination for international firms and firms from mainland China to be listed, due to Hong Kong’s highly internationalized and modernized financial industry. Additional advantages include the city’s capital market in Asia, its size, regulations, and available financial tools, which are comparable to London and New York City.
Hong Kong has also had an abundant supply of labor from the regions nearby. A skilled labor force coupled with the adoption of modern British/Western business methods and technology ensured that opportunities for external trade, investment, and recruitment were maximized. Prices and wages in Hong Kong are relatively flexible, depending on the performance and stability of the economy of Hong Kong. Hong Kong raises revenues from the sale and taxation of land and through attracting international businesses to provide capital for its public finance, due to its low tax policy. According to Healy Consultants, Hong Kong has the most attractive business environment within East Asia, in terms of attracting foreign direct investment (FDI). In 2013, Hong Kong was the third largest recipient of FDI in the world.
Most of the SMEs were in the import/export trade and wholesale industries, followed by the professional and business services industry. They accounted for about 46% of the SMEs in Hong Kong and represented about 44% of the SME employment.
In Hong Kong, SMEs are defined as manufacturing enterprises which employ fewer than 100 persons and non-manufacturing enterprises which employ fewer than 50 persons are regarded as SMEs in Hong Kong.
Business Registration (BR) number
eTAX Account
The Main Sectors of the Hong Kong Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:
The Main Sectors of the Hong Kong Economy
The country focuses on the following key sectors, which all have a significant impact on the country’s economy:

Commercial Laws in
Hong Kong
Commercial Laws in
Hong Kong
