What are the 2019 Hot Business Ideas to Start-up in Hong Kong
Updated: Dec 18, 2019
This is an extended topic of our Definitive Guide on Top Reasons Why you should Do Business in Hong Kong. In this blog post, you will take away with several 2019 hot business ideas here in Hong Kong and the top benefits that a Hong Kong private limited company can distinctively benefit you in growing your business.
If you find any hot business in Hong Kong interesting, to learn more, you may find more advantages of doing business in Hong Kong from our definitive guide; also, you can take a look of the research report by HKTDC on the Economic and Trade Information of Hong Kong, which enables you a comprehensive idea about why these hot businesses are great and suitable for foreigners to set up in Hong Kong.
The first rule of business, choose your market wisely. If you selected the right market, even you only capture a small portion of the business opportunities, due to the growing and developing trend, you can still make a huge profit from it. As you can tell, China and India are the strongest growing economies in the future, even the growth is slightly behind the prediction, it is still very strong and big enough for any start-up business in Hong Kong, and this makes Hong Kong the best gateway entering these neighborhood markets, and utilizing the mature business environment here in Hong Kong to secure and maximize your successful chance (Source: the Infographic Chart about The World’s Largest 10 Economies in 2030 by www.visualcapitalist.com.)
Without any doubt, alongside with the strong economic growth of Asia region, below four key industries are the hottest businesses in Hong Kong that any foreigner should consider as their start-up business:- Trading and logistics, Financial services, Professional services, and other producer services, and Tourism
Trading (Import, Export, and Re-export) & Sourcing Business
Right next to your suppliers, top re-exporting hub for Mainland China (the World Factory) "Hong Kong is an important entrepôt for Mainland China. According to the HKSAR Government statistics, in 2018, 57% of re-exports were of Mainland origin and 55% were destined for Mainland China."
Hong Kong Company with trusted image and strategic position, particularly for Sourcing and Trading Business in China
A unique identity of a Hong Kong company, you can register onto all top online sourcing platforms (Alibaba, Made-In-China, HKTDC, DHGate, GlobalSources, and even Taobao ... etc.)
'FREE Port for shopping in Southeast Asia. Of course, you can choose shipment directly from China to your destination, or you can purchase in other countries (Taiwan, Korea, Japan, Malaysia ...etc.), and consolidating them all together for a single shipment to your destination country
RMB is available!!! You can freely and unlimitedly Switching and Hedging of currencies (including RMB) to you from foreign exchange loss in doing cross-border trading business
FREE from earthquake and hurricane. Except for seldom occasions of the typhoon, weather in Hong Kong is respectively stable, and therefore, you can have a better estimation of your delivery schedule most of the time.
E-Commerce and online shop
Excellent Internet Infrastructure. Internet, Mobile, and Wifi coverage are excellent with fiber optic speed common to households as well
Cost-efficient. For e-business, you don't need a physical office in Hong Kong, while capturing the excellent spending markets in the Asia region
E-payment is widely accepted. You can connect with WeChat Pay, PayPal, TransferWise, and any other electronic payment gateway with your Hong Kong company and corporate bank account to get one step closer to your end customers
Domain name registration with ease and variety. ".com", ".hk", ".asia", ".shop", ".store", ".cn", ".net", ".org" ... and more, that you can easily register with your Hong Kong company for reaching your targetted customers (Free domain availability checking at https://www.udomain.hk/en/domain/registration)
Drop-shipping is right next to you. AliExpress, Light In The Box, DH Gate, Deal Extreme (DX) or more that can bring your e-commerce business a giant step further to the world
Professional and Consultancy services company
Excellent Talent Pool. Hong Kong is a famous multicultural community with high-quality skill sets to bring your business an international view in engaging a much wider market of customers
Make good use of Diversity. Many sizeable companies in Hong Kong will manage their cores business in Hong Kong while diversifying the routine and low-end works in the nearby Asia countries, for example
Centre in India for handling customers complaints and inquiries;