Online shops in Hong Kong have a high rate of success among local customers and those from Mainland China. This means of doing business can be profitable for the owner and has a set of advantages that should not be overlooked, especially by entrepreneurs who are just putting their business together.
In order to open an online shop in Hong Kong investors will need to consider purchasing a domain name and incorporating a company that will act as the seller of the online goods.
Our team of Hong Kong lawyers highlights the main aspects related to opening an online business in the city and its advantages.
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Online businesses in Hong Kong
Online shops in Hong Kong have the potential to reach an impressive number of clients, an important advantage for any investor who is keen on starting their new business in Hong Kong.
Entrepreneurs can enter a particular market niche, such as accessories, shoes and clothing, kitchenware, sportswear and other types of shops. Getting the business online can be a secondary step for those shops in Hong Kong that are already established in the city and have a physical shop but also want to reach more customers through an online counterpart.
Opening an online shop in Hong Kong can help entrepreneurs save the costs associated with renting a physical space and the overall initial business start-up costs are lower compared to setting up a shop. What’s more, entrepreneurs who choose to sell their products and services via an online store can use several mechanisms to attract new clients, such as discounts, flash sales or special promotions.
Company incorporation in Hong Kong
Company formation in Hong Kong is a simple and quick process, provided that investors have the required documents for company incorporation. There are no restrictions on nationality for foreign investors in Hong Kong and entrepreneurs are welcomed to open an online shop.
One of our attorneys in Hong Kong can help you throughout all of the steps needed to open a company. After this process is complete, investors will be able to launch their online store and issue invoices for their clients. Another important issue to consider is the payment methods made available to clients. A merchant account will be needed for online shops.
E-commerce allows entrepreneurs to connect to a wider range of clients. By making their goods available to customers via online and mobile platforms, business owns can expand their client range and grow their business.
You can contact our law firm in Hong Kong for detailed information about company formation and the laws for companies in Hong Kong.