Starting a Business in Hong Kong in 2025

Vivien Chung
Feb 24
3 min read

Thinking of Starting a Business in Hong Kong? Your 2025 Roadmap

Hong Kong offers one of the most business-friendly environments in the world, with low taxes, global connectivity, and a streamlined regulatory framework. If you’re considering starting a business, the process can be straightforward—if you know the right steps.

At IMSG, we specialize in helping businesses establish and maintain their operations in Hong Kong. Let us handle the complexities while you focus on growth. Contact us at comsec@imsg.com.hk to get started.

1. Define Your Business Idea

Before launching a business, ask yourself:

What problem does my business solve?
Who are my target customers?
What makes my business different from competitors?

A strong business idea meets a market need and offers unique value. Research your industry and identify opportunities to position your company for success.

2. Choose the Right Business Structure

Your legal structure affects liability, taxation, and operational flexibility. Consider the following options:

Sole Proprietorship – Simple and cost-effective but offers no liability protection.
Partnership – Shared ownership where partners are jointly responsible for obligations.
Private Limited Company – The most common choice, providing limited liability and credibility.

3. Appoint Key Personnel

Shareholders – Owners of the company’s shares, entitled to dividends but not direct profits. Shareholders make major company decisions, such as appointing directors, but do not manage daily operations.
Directors – Oversee the company’s strategy, operations, and compliance, making key business decisions.
Company Secretary – A mandatory role ensuring compliance with corporate laws and governance. A sole director cannot also serve as the company secretary.

Need a company secretary? IMSG is here to assist: comsec@imsg.com.hk

4. Choose and Register Your Business Name

Select a name that reflects your brand identity. Ensure it’s unique by checking availability through the Hong Kong Companies Registry before proceeding with registration.

5. Secure a Business Address

Every Hong Kong company must have a registered office (P.O. boxes are not allowed). This address will be used for official correspondence. IMSG can provide a registered office if needed.

6. Register Your Company

To legally incorporate your business, the following are required to submit to the Hong Kong Companies Registry:

Incorporation Form (NNC1)
Articles of Association
Business Registration (IRBR1)

7. Obtain Necessary Licenses & Permits

Certain industries, such as finance, education, and food services, require additional licenses. We can guide you through the application process.

8. Open a Business Bank Account

Most banks in Hong Kong require:

Company incorporation documents
A business plan
Proof of operations
Identification documents for directors and shareholders

IMSG can assist with banking setup to ensure a smooth experience.

9. Maintain Compliance & Ensure Growth

To keep your business in good standing, you must:

File Annual Returns with the Companies Registry.
Submit Profits Tax Returns to the Inland Revenue Department.
Renew Business Registration annually.
Maintain accurate records and adhere to governance requirements.

We don’t just help businesses start—we help them succeed long-term.

Start Today—Take the First Step

There’s no perfect time to start a business in Hong Kong - the key is to begin. You don’t need to have everything figured out right away; learning and growth happen along the way. Think big, start small, and scale strategically.

At IMSG, we make the process simple so you can focus on what truly matters. Let’s discuss your vision—contact us at comsec@imsg.com.hk and take the first step toward building your business in Hong Kong.