Conditions for Starting an IT Company in Hong Kong

A presentation brought to you by OpenCompanyHongKong.com

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The IT Sector in Hong Kong

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• Hong Kong’s information technology sector (IT) is well-developed and advanced. The city has gained reputation for its advanced IT status, among with many other characteristics, like being a world-class business centre.

• A good telecommunications infrastructure contributed to the development of the IT sector in the city.

IT Industry in Hong Kong

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• The IT industry in Hong Kong is composed of a number of sub-sectors, among which:

IT software development;

IT sales;

telecommunications and networking;

IT management and IT security;

IT training and education;

system programming.

Reasons to Base an Internet Business in Hong Kong

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• Hong Kong has great connectivity and openness and is a business destination, but there are more reasons to base an interest business here:

easy company set-up process; no withholding taxes and

double taxation relief; tax deductions for corporations; good client base.

Services Provided by IT Companies

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• IT companies in Hong Kong can specialize in providing services for a number of business fields. IT development and readiness as well as internet connectivity have high rates in Hong Kong.

• Business sectors that employ IT services include the banking and finance sector, the logistics sector, the multimedia sector and many others.

Hardware and Software in Hong Kong

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• Software services providers offer custom software development and system and network solutions, as well as information system consultants.

• Hardware services providers distribute and manufacture computer parts. In Hong Kong, these are mainly branches of large international computer companies.

Conditions for Starting an IT Company in Hong Kong

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• IT companies in Hong Kong need to be set-up in accordance with the requirements for company ownership and registration.

• One location to base a software business in Hong Kong is the Hong Kong Science and Technology Parks Corporation (HKSTP), a hub for technology and science companies.

Company Formation in Hong Kong

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• IT companies can be set-up as one of the available business forms: private limited company, public limited company, partnership or branch.

• Full foreign ownership is allowed in Hong Kong for all types of companies.

Company Registration in Hong Kong

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• All new companies need to be registered with the Hong Kong Companies Registry.

• The procedure is simple and if all the documents are in order the new company can begin its business activities in a matter of days.

Company Formation Assistance in Hong Kong

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• Foreign entrepreneurs who want to invest in the IT sector can find out more from our specialists.

• You may contact our company formation agents if you want to open a company in Hong Kong.

Thank You for Your Attention!

For more information please contact us at:

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