I have been in Hong Kong for few months, and I could see that there are plenty opportunity in this city, and I have seen lots of people setting up their companies in here. So, I think that would be a good idea to start a new business in here. However, I don't have enough budget to start a company. When I told some friends of mine my situation, they told me that government would like to provide certain funds to support new company. But, when I asked them, they said the following
I feel like I got stuck in opening a new business because I lack of budget.Thank you for your email regarding our loan services.
In general, only existing corporate customer of HSBC Hong Kong with
registration in Hong Kong would be eligible for submitting General
Banking Facility Application. In this connection, to facilitate the
approval, Directors have to provide Hong Kong residential address proof
in support of a Personal Guarantee on top of the Business Installment
Loan/ Business Revolving credit application.
In addition, please take note that customer has to provide latest 2
years audited financial reports in order to conduct a credit assessment.
As a reminder, the acceptance of a loan application is subject to the
Bank's final approval.
Is there any other way to start a new business when I have low budget?