Hong Kong the Right City for a Business Expansion to Asia?

The Asian economy is known for its resilience through the toughest times. This is why it’s not surprising that a lot of businesses have already set up shop in the region knowing that they have a better chance at success there. 

And if there’s one city that comes to mind when it comes to business expansions, a lot of foreign businesses choose Hong Kong—and you should too. Here’s why:

• Hong Kong has a free economy. If you’ve tried expanding internationally before, you know that it’s hard to start a business in a city with a lot of economic limitations for foreigners. But in Hong Kong, you get to enjoy the benefits of a free market where you can trade, invest and participate in economic activities just as much as the locals.

• Hong Kong follows a straightforward tax system. A city’s tax system is one of the things that you look into when expanding, and Hong Kong has one of the lowest rates in Asia. With good accounting and outsourcing services, it’s easy to get through tax season and enjoy low direct taxes that allow you to really maximise your profits.

• Hong Kong has excellent funding options. Because Hong Kong encourages foreigners to invest in its economy, it has a lot of excellent funding options that will help you get the money that you need to expand your business in the city. Here, you can take advantage of loans, incubator programmes, and market funds even if you’re a foreigner. 

• Hong Kong has a dynamic startup ecosystem. Hong Kong is a great environment for expansion because it has such a dynamic startup ecosystem that supports up-and-coming entrepreneurs and those who like to grow their business in a completely new location. Once you do business here, you’ll see that there are many great things that will help you learn more about running a business, including accelerators and incubators. Hong Kong even has a lot of co-working spaces where businesses that can’t afford to rent an office yet can work with other small businesses.

Finally, Hong Kong gives you the security of a strong economy, one that has proven itself during the toughest economic times. If you visit the city, you’ll instantly feel like you are in a vibrant environment where everyone is excited to do business. Hong Kong is also a modern metropolis with world-class infrastructure that makes it an ideal city to be in. It has great airports, railways, hotels, and other establishments that make this city such a wonderful place to be in.

So if you’re planning to bring your business into the Asian market, choosing Hong Kong would be a smart move. You just need a robust business expansion plan, a full pocket of funds, and the determination to make it in this entirely new market. There might be some challenges along the way, but for sure, you’ll make it big in Hong Kong if you work with the right people.