Yes, foreign business owners can open a bank account in Hong Kong. However, the requirements can vary depending on the bank. Some banks may require the account to be opened in person, while others may allow it to be opened remotely.

Yes, companies in Hong Kong are required to have a registered office address in Hong Kong. This cannot be a P.O. Box and must be a physical address.

The process of setting up a company in Hong Kong is relatively quick and efficient. It can take as little as one to two weeks to incorporate a company in Hong Kong.

Hong Kong’s immigration policies are favourable towards foreign entrepreneurs and investors. The Investment as Entrepreneurs scheme is a popular option for those wishing to establish or join in a business in Hong Kong.

Hong Kong has a simple and low tax system. The profits tax rate for corporations is 16.5%, and there is no sales tax or VAT, and no tax on dividends. Furthermore, Hong Kong operates on a territorial basis of taxation, meaning only profits derived from or arising in Hong Kong are subject to tax.

Hong Kong offers strong protection for intellectual property rights. You can protect your intellectual property by registering it with the Intellectual Property Department of the Hong Kong SAR Government.

No, you do not need to be a Hong Kong resident to start a business in Hong Kong. There are no restrictions on foreign ownership of companies, and foreigners can be the sole director and shareholder of a Hong Kong company.

The most common type of business entity in Hong Kong is a private limited liability company. Other types include sole proprietorship, partnership, and public limited company. The choice depends on factors such as the nature of your business, the number of owners, and your tax considerations.