Hong Kong
Finance in Hong Kong
Recent forum posts
-
How can I get high-quality assignment help in Australia at an affordable price?
Finding reliable academic support without overspending is a common concern for students in Australia. With rising tuition fees and living expenses, many students look for affordable yet high-quality Assignment Help Australia services to manage their workload effectively.The key is to focus on value, not just low pricing. High-quality assignment help should offer subject-expert guidance, plagia
Total Posts: 1 Last post by alinaharvard
-
How can I get high-quality assignment help in Australia at an affordable price?
Finding reliable academic support without overspending is a common concern for students in Australia. With rising tuition fees and living expenses, many students look for affordable yet high-quality Assignment Help Australia services to manage their workload effectively.The key is to focus on value, not just low pricing. High-quality assignment help sh
Total Posts: 1 Last post by alinaharvard
Financing A Business in Hong Kong
Government Incentives
The Hong Kong Government is keen to stimulate growth in specific sectors of industry and has set up several funds, which offer financial support to new businesses:
- The Innovation and Technology Fund
The fund offers financial support to projects that contribute to technology and innovation in manufacturing industries. - The Applied Research Fund
This fund is for research and development projects and technological ventures that have commercial potential. - The New Technology Training Scheme
This supports businesses training staff in new technologies for up to 75% of the cost - The Patent Application Grant
A grant that assists enterprises apply patents to new inventions.
Details about the amount of assistance and the eligibility for all of the schemes can be found at the Hong Kong Trade Development Council website - www.hktdc.com
- 15% salary tax
- No sales tax or VAT
- No dividends tax
- No gains tax
- No customs tariffs on goods imported into Hong Kong (with the exception of a few goods such as spirits and tobacco)
Private Finance
When seeking private finance, it is advised that you have a coherent business plan and that you have planned your enterprise thoroughly. It is often a good idea to consult an account prior to approaching lenders.
Hong Kong has a highly developed banking and financial system and all of the usual banking services, such as the provision of credit, are available.
