Working Visa HK

No need to worry. Our team is experienced and provides comprehensive accountancy, taxation and consultancy services which give you the guidance you need for local operations.

Whether it’s for investing or taking up employment, one must fill in the application form and possess the educational and professional requirements. They cannot have a criminal past of any kind or even a bad record with the police.

How to start a business in Hong Kong without having a business plan. Whether your innovative idea is excellent or not, as long as you lack a concrete action plan.

Business plans should not be long-winded descriptions, but just a guide to how you can establish business in Hong Kong. It is possible to modify this business plan at later stages, depending on the development of the company.

Chances are if you’re looking at this article, you have come here with intentions of opening up a business in Hong Kong. Our nation, as an economically liberal cosmopolitan geographic center, attracts startups and investors from around the world who demand various forms of business for themselves in bunches. Through in-depth interaction with you, we are better able to get an inkling of your business targets, investment capabilities and hyperfield, as well as helping us choose the most suitable form for it to bring great profits.

Teams of experts with command over different fields like accountancy, taxation, business registration and recruitment work together to accompany you on your passage. FastLane Group, with more than ten years’ experience in all this, has vast networks and can simplify the formalities of doing business.

We lead you through the business registration process in Hong Kong and help you organize discussions in your home country. We offer services worth noting in that by making global trips less of a necessity, we reduce the need for clients to waste money traveling around unnecessarily just to set up business in foreign countries. Do not worry about how to start a business in Hong Kong.

To help our customers save time and effort, during the entire process of purchasing a property, not only do we open an account at a local bank on their behalf, you don’t even have to turn up in person. Standing by you every step of the way, we are committed to providing services and turning your dream of ‘Going Hong Kong’ into reality.

In today’s dynamic business landscape, staying competitive requires a strategic approach to every aspect of operations. One pivotal area that has proven to be a game-changer for businesses of all sizes is HR outsourcing, with two key players leading the charge: Recruitment and Employer of Record (EOR) services. In this comprehensive analysis, we delve into the Recruitment and EOR advantages that can revolutionize your business, optimize operations, and pave the way for sustained growth.

Initially centralized in China, the HR department lacked familiarity with local employment laws in expansion countries. Compliance issues and the inability to match rapid growth with hiring needs arose as significant hurdles.

By embracing Recruitment Services, the company achieved cost savings, operational efficiency, and accelerated growth, aligning itself to meet revenue goals. This strategic partnership streamlined hiring, fostering a path to sustained business excellence.

The company was concerned about the complexities of hiring and managing employees in the Asian market. They were worried about compliance with local employment laws, as well as the cost and time involved in setting up a subsidiary in each country.

The company decided to use an EOR to help them expand into the Asian market. The EOR employed on behalf of and managed local employees in Hong Kong, Australia, and Singapore to form market research and business development teams in each targeted country for the fintech company. The EOR also took care of all of the HR-related tasks, such as payroll, benefits, and compliance. This allowed the fintech company to focus on growing its business, and they were able to expand into Asia quickly and easily.

As a result of using an EOR, the fintech company was able to save time and money, focus on its core business, expand into the Asian market quickly and easily without setting up a subsidiary or legal entity, comply with local employment laws, and conduct market field studies to decide whether to invest in a country.

By combining Recruitment Services with Employer of Record (EOR) functionalities, businesses unlock a powerful synergy, optimizing HR management comprehensively. This strategic integration drives cost savings, compliance adherence, and focused growth initiatives.

Utilizing a recruitment service for the core business unit ensures seamless HR functions like payroll and benefits, supporting growth with recruitment and training as the business evolves. Simultaneously, an EOR manages HR for new foreign units, guaranteeing compliance and operational success without HR-related concerns.

The fusion of Recruitment and EOR services presents a comprehensive HR management approach, empowering businesses to thrive amid diverse operational landscapes. This integrated strategy fosters efficiency, compliance, and sustained growth, paving the way for success across varied business units and markets.

Grasp the immense potential within Recruitment and EOR services. From operational excellence to strategic prowess, compliance mastery to international expansion, these services can help your business reach new heights of efficiency and innovation.

Hong Kong is an international metropolis that enjoys very advanced information and the freest trade port in the world. Together with a good infrastructure and sound legal systems, Hong Kong offers China businessmen and entrepreneurs an environment they can vouch for.

Hong Kong Work Visa

Hong Kong is the third largest global financial center and hence draws many investors to register their companies in Hong Kong because of its open market that enables free entry and exit from the business sector. Recently, there is a growing number of mainland businessmen who establish their own companies in Hong Kong for various reasons, extending their business through diverse channels, building up international image and enhancing competitiveness.

Reduce corporate tax losses: Hong Kong companies pay a profit tax of 8.25% for earnings not exceeding $2 million; after $2 million it is taxed at the rate of 16.5%. Hong Kong uses regional taxation such that profits not generated therein would be excluded from tax charges.

Few restrictions on business scope: In Hong Kong, you can engage in all businesses except for some businesses that require special licenses, such as: Banking, insurance, real estate, charitable,finance, etc. If your company has restrictions to registration and business operations within the boundaries of China – you can opt for setting up a Hong Kong company for doing business.

Convenient banking operations: Hong Kong is a major financial center in the world that has very relaxed foreign exchange controls. Foreign exchange can be received in any currency into accounts opened in Hong Kong banks where there is no limitation on foreign exchange receipt or payment and it is also easy for settlement of foreign exchange. Foreign exchange transactions can be transacted normally provided that there is no money coming from a conflict zone or any sanctioned countries..

No need to operate locally: Hong Kong acts as a significant port for Southeast Asia and foreign markets, drawing buyers worldwide, and serving as a suitable starting point for businesses targeting global markets. Following registration of a Hong Kong Company one does not necessarily have to be resident in Hong Kong nor requires an office space. There is no need to employ people either. You can even set up trading operations for a business or an investment regardless of its location in the Hong Kong territory or outside boundaries. In this case, the Hong Kong company is just used as an office or register address. A complete legal protection system can fully protect your interests.

Export declaration: Exporters often have experience and situations where they declare USD 100 million for export, but get only 97 million dollars due to many various reasons or they agree with the customer on a 180-day deferred payment letter of credit to make their firm more competitive. The exporter can in this case easily transfer funds from offshore account into the domestic company account on time after obtaining export tax refund to have extra money for conducting the next round of trade.

Avoid trade barriers: It costs one to two times more when a company exports products into the United States since it needs to apply for quotas and other related procedures. However, when the company has an offshore overseas subsidiary, and the company exports to the offshore subsidiary and then re-exports to developed countries such as United States, it will be free from any tax as well as being able to get through export duties

Apply for BUD subsidy up to 7 million: Non-listed companies registered in Hong Kong and established for more than one year, with annual operating income in Hong Kong of HKD3 million or more, and with employee and MPF records, financial audit reports, actual business premises and transactions, etc., can apply for subsidies. After submitting the report, the subsidy will be received within 4 months. The subsidy will be directly transferred to the Hong Kong company’s bank account.