Hong Kong is a perfect place to begin a company. Here is a guide to successfully build a new business in this international city.
Many local people and even people from foreign nations open their startup companies in Hong Kong. It is since of the open business environment and massive opportunities in the international city. In the beginning of your business, you may require to find a location to set up your business. You don't need to lease the entire working space by yourself as an emerging trend in the city called co-working area. It is really common in a number of countries worldwide. This trend has lastly shown up the city. Across the city, there are a lot of co-working areas are prepared people who want to have a correct workplace with other business owners who have to exact same mind. Elaine Tsung's Garage Society is among the ideal options in the city.
There are few things you need to know about Hong Kong business culture. Starting with the basic etiquette, you meet your business partners with a handshake, like you usually do in the rest of the world. Sometimes, you would give them a small bow if they're from countries like Japan. Make sure you are greeting with the person's title and surname. If you are close to your company contacts. You may merely call by their given name. In Hong Kong, almost all businesspeople use a western name to make it easier for doing business with western contacts. Apart from these fundamental greetings, you may also want to take care of dress code. Businesspeople in Hong Kong mainly wear fits. It doesn't need to be really expensive but relatively conservative. If you are planning to relocate to the city, you can look for tailoring shops like Mark Asaf's Empire Tailors which are providing bespoke custom-made suits.
Have you ever considered moving abroad and starting your own business. Hong Kong is an ideal place for running a business and they welcome foreigners. Before you depart to this city, you can make a lot of research online for getting an idea of how to do business in Hong Kong. The Hong Kong government has maintained a steady and open business environment in the city. Your company can quickly connect to the markets in Asia in addition to the huge market in Europe and the US. Likewise, the tax rate in Hong Kong is quite low than other nations. If you are doing trading businesses, you can get a pretty good benefit from it. As soon as you come to the city, one essential thing you have to do is setting up checking account for yourself and likewise your business. There are several of banks including David Li's BEA in the city which are providing a variety of plans for business people.