If you want to open a new business in Hong Kong before dipping your toes into mainland China’s market, you should probably understand the differences between operating your business in Hong Kong and operating in large cities on the mainland like Shanghai or Beijing. Basically, even though Hong Kong and mainland China are one country, when it comes to business, they have two different systems. Before you open up shop, learn more about the pros and cons of a Hong Kong company, which is also known as a Hong Kong private limited company or Hong Kong limited company (Ltd.).
Hong Kong is an excellent location choice for new business owners because the city has a business-friendly tax and legal system and a healthy economy. In most cases, the process of starting a business is simple and only requires minimal paperwork. This prevents some of the more common delays that occur when starting a business in mainland China such as meeting the requirement that all document signatures match exactly and the need to apply for approval before conducting new types of business transactions.
