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Fintech: Hong-Kong is your paradise

Contributed by
November 4, 2016

For the last decade, Hong Kong has become a magnet for start-ups that want to grow faster, accumulate a lot of revenue, and become multinationals. If you want to start a fintech business (financial technology) or are part of an already existing one, Hong Kong is even more enthralling. For every client looking to establish a great Fintech: Hong Kong is your paradise

Hong Kong has an open business environment

Hong Kong has one of the best internet speeds in the entire world. You can download huge data in a couple of seconds and work with talents from across the world very easily. Well, whether you are working on an incubation project that you think will be the next big thing or want to start a new social media channel, this is the place to be. The Hong Kong administration is also encouraging more tech start-ups to set up companies in the region. Moreover, there is very high-level company secretary service in Hong-Kong to help you.

Note the current programs and take advantage

A number of programs that are already operational in Hong Kong are a perfect platform for launching your company. Indeed, hooking your company to such programs can assist you to navigate right into the rich deep market. Some of these programs include;

  1. Science Park: This a great space located close to top universities and Schenzhen where you can source for the best talents to drive the company forward.
  2. Cyberport: This is a unique incubation area with high-quality offices for all start-ups, whether big tech companies or smaller firms. Whether you are looking forward to share offices or want to run mega projects, this is one program you need to take advantage of.

FinTech also organizes top of range conferences seminars, and a lot of events that will give your operations publicity and catapult it to international status. For example, Euro Money conference on Blockchain and Accenture program for financial technology companies among others are held in Hong Kong. 

A lot of talent base is located in Hong Kong

Over 30 multinational banks have branches in Hong Kong because of the good operational environment. Because of this Hong Kong boasts of a huge supply of expats, top brains, and a lot of jobs in the financial technology sector.

Well, if you are in the financial sector, this is the ideal market to take a dive and use the highly skilled workforce. It will raise chances of your start up success with a huge margin.

Very many banks and financial institutions are waiting to take up your invention

Every big bank you have heard about has a presence in Hong Kong. The huge financial sector and the government programs are always on the lookout for the next best technologies to leverage operations. Leverage your business by exploring the technology gaps that exist in the financial sector and clients will come knocking right at your door. For example, development of mobile marketing apps, online security, unique plugins, and much more will bring a lot of customers.

Do not forget the financial benefits of working in Hong Kong

Unlike in the west where the financial system presents a lot of risks for your savings, Hong Kong is a different area altogether. As a special administrative region of China, Hong Kong financial policies are targeted at helping people set up businesses and anchor them to greatness.

First, it has a very flexible tax regime that allows you to retain bulk of the profits for faster business growth. If the operations will be based offshore, you can even qualify for 0% tax. Besides, Hong Kong is the main Gateway to Mainland China that has a huge market. Therefore, if you link with supply chains inside Mainland China for supplies or marketing, your business will have great potential for growth.


Tags: Hong Kong | business | China | tax | environment | offshore | internet | multinationals



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