Six Hong Kong Businesses You Can Start with Very Little Capital
06 March, 2019
Do you want to settle in Hong Kong, but not sure which kind of business would be a success? As a matter of fact, starting a business with very less capital isn't easy, yet not impossible. In fact, in Hong Kong, there are a plethora of companies which have started with a small amount of money. Don't worry!
The only thing that you need to worry about which business entity you need to incorporate in Hong Kong. Even though Hong Kong is deemed as one of the largest businesses hubs in the world, some industries do face the stage of failure. So, you need to be extra careful while choosing the business idea so that you don't have to face the failure just because of lack of cash flow.
Well, before you board into the competition of Hong Kong, you need to know more about this place so that you can avoid any hassle. There is no denying the fact that the city is a popular location amongst masses in order to base a new business in Asia. The rationale behind this trend is that the city is independent of Mainland China, flexible working environment, friendly tax policies, and lower wage rates. More importantly, this place is independent of Mainland China.
It takes less money and time than you would think to launch a Hong Kong business. So, if you are wishing to own a small business in Hong Kong, then you can choose any business idea from Online Retailing, Home Catering to Event Planning, as per your requirements
Here are 6 Hong Kong businesses you can start with little capital. All of them are great ideas for entrepreneurs without deep pockets.
#1 Online Retailing
The first and foremost business idea for your business in Hong Kong is online retailing. Do you have any idea about this business? If no, then don't worry. It's a business that allows the customers to search, choose, and purchase the services, products, and information remotely over the internet. As a matter of fact, Hong Kong is known to be its high-speed internet connectivity.
So, if you have excellent skills and tactics and have less capital, then you can easily do this business. You don't need to have a lot of stocks for this business, all you need some e-commerce software, and the right website so that you can start as an online seller. In fact, if you are a handy person, then you can even sell homemade products through websites such as Etsy.
#2 Home Catering
Do you love cooking? If your answer is yes, then 'why not start your own bakery from home or catering business?' In fact, for this startup at least in Hong Kong, you don't need to pay expensive rent, you can also start this business from home. All you need to have some extraordinarily culinary artist skills and tactics.
With a passion for cooking food, you can easily make money and turn your life from rags to riches. However, you need to pay attention to some rules and regulations involved while making and selling food from your home kitchen, if you are starting a business of home catering in Hong Kong.
#3 Computer Repair
In Hong Kong, setting up a business as a computer repair agent has become one of the significant small business ideas with less capital, which gives a plethora of benefits and profits on a larger scale. So, if you are pretty good at technology, then you can start your own computer maintenance startups with very little capital.
Moreover, with the advent of technology, no one imagines their life without computers or gadgets. And if you want to be successful with low coital then just give this business idea a chance. You can provide services like cleaning desktops, installing software, downloading software, removing viruses, and connecting devices such as printers.
#4 Errand Services
In today's world, everyone is busy with their robotic lifestyle, and they don't have enough time for even the simplest of errands such as taking the family pet to the veterinarian for a routine checkup, picking up the kids after school, and many other chores.
This is great news for you if you are a multitasker who is looking to start a new business with low capital, yet potentially very profitable startup. This kind of business can be operated with nothing more than a cell phone and reliable transportation. Hence, start with small business and work harder to get clients to spread the word for you, saving money on marketing.
#5 Virtual Assistant
Hong Kong is considered to be one of the best places when it comes to virtual assistant services. With the increase in the number of small business setups in Asia, the virtual assistant services are much in demand, especially in Hong Kong. If you have always wanted to work from home, and have extraordinary administrative skills, then setting up a virtual assistant business might be the perfect business idea for you.
In the fast-moving world, everyone wants some help for overcoming their burden, primarily as an entrepreneur. So, if you opt for this career, then you can do various tasks such as opening and answering emails, paying bills, invoicing customers, worked as a freelancer and much more remotely. More importantly, with this kind of work or startup, you can also get paid for it.
#6 Event Planning
Besides virtual assistant services, and errand services, event planning services are also trending in Hong Kong. So, if you are in love with hosting different parties, and organizing meetings, then being an event planner would be the best choice of yours. As a matter of fact, event planners job is to help individuals and corporations in throwing successful events. It requires a lot of patience, dedication, and persistence to deal with the demands of clients or customers. However, this business idea is worthwhile, as long as you can deal with unexpected issues and handle stress.
So, now that you have a plethora of business idea which can start with very less capital in the financial hub of the world- Hong Kong. From all the above mentioned ideas to be a success in Hong Kong, you can choose the one as per your experiences and skills. As soon as your business plan is ready and wants to implement in Hong Kong, then it is always advisable to hire professional like Startupr so that you can operate your business legally and smoothly.
We will help you in registering, incorporating and opening a bank account in Hong Kong. In fact, our unique same day check system ensures that all the information is checked on the same day as it is entered in the form. Are you ready to make a mark as an entrepreneur in Hong Kong? If yes, then look no other than Startupr. Contact Startupr today!
« Go Back to Blogs