Foreigner running business in HK

[PDLM]

I am not sure of HK requirements

why waste everyone's time by posting then?

[williams189]

Thanks for the info, I had seen the capital investment entrant scheme though would not have $6.5M to directly invest (hopefully eventually but of course that means nothing).

Am young enough for the working holiday though that has plenty of conditions which wouldn't work.

I think the Investment Visa might be my best bet:
"in special circumstances, good technical qualifications, proven professional abilities and/or relevant experience and achievements supported by documentary evidence may also be accepted"

Maybe that will work - or maybe it won't, worth a shot I guess

[dumbdonkey]

do you want to share with us why this business needs to be located outside australia?

if you have goods to sell in HK, you dont need to setup a company to sell goods to hk. unless you are moving some serious quantity and wants to take over the distribution and warehousing, it is very highly unlikely that it will be profitable for you to operate this company.

same with most service oriented companies.

[williams189]

do you want to share with us why this business needs to be located outside australia?

if you have goods to sell in HK, you dont need to setup a company to sell goods to hk. unless you are moving some serious quantity and wants to take over the distribution and warehousing, it is very highly unlikely that it will be profitable for you to operate this company.

same with most service oriented companies.

It needs to be registered in HK as it will be operating within the HK market and therefore it would be silly not to take advantage of the favorable taxation structure in HK. The product/service will not be coming from Australia so it would have no link.

That is not really what I wanted to know in any case as that part is obvious, what I really wanted to know was the best way to get the right to stay, be paid and have a bank account in HK.

I think the investment visa is my only chance, so the question is answered. Hoping I can fulfill the requirements or speak nicely enough to the wonderful people at Immigration in HK!

Thanks guys

[dumbdonkey]

wish you good luck. let us know how it goes.

you will only take advantage of the tax system if you your company earns enough money.

for about $15k, you can register a company in hong kong and use an accountant as a secretary. you, as a tourist, can open a personal bank account in hong kong.

have a read here

[AIP]

If your HK business is in the same line as your Oz business, it's worth speaking to Invest Hong Kong. They are a govt body that helps overseas businesses to set up operations in HK. They are looking for benefit to the HK economy, primarily through employing local workers and paying tax. If you fit their criteria they will help you with all the immigration stuff. I don't think your qualifications will be an issue if you are an InvestHK client.

[hadak]

Hi William! I've sent you a pm.

Hi everyone,

I understand it is possible to register a business in Hong Kong while not living in the country, though I am wondering if anyone could give me a few tips on what route I should choose based on the below info...?

What I want:
- To start a business in HK
- To be able to take profit out of the business and be taxed personally in HK

What I have (if it helps):
- Australian and British citizenship
- A business in Australia

I am young and deferred university so do not have a tertiary qualification, so I guess I cannot 'prove' my worth to HK Immigration. I plan to start a business and therefore employ people locally.

I know I could stay in HK for 180 days without leaving and without a visa, though I don't think this would enable me to be taxed in HK or have a bank account right? What is my best option to try and do this?

A visa could end, therefore kicking me out of the country while the business is still there, but from what I have read about getting immigration rights, I would not be employed/sponsored by anyone and have no degree so might not be up to the expectations of HK Immigration, so what should be my game plan?

Sorry for the long post, but hope someone has some experience with this and can help!

Thanks in advance