As a free trading zone, Hong Kong is best known for its premier financial hub in Asia. As compared to many parts of Asia, Hong Kong is considered extremely friendly for the businessman. Any business can benefit from its competitive market, low tax rates, economic freedom, and strong currency. Thus, there are many large corporation Asia-Pacific headquarters, like Shangri-la Hotels and Resorts, and Esprit Holdings are based in Hong Kong.
If you are attempting to expand your business in Hong Kong, choosing the right location to set up an office in Hong Kong should be a big concern for your business. Here is an insight to provide you some ideas in searching for the best location for your office set up in Hong Kong.
Causeway Bay, Wan Chai, Central, Sheung Wan, Admiralty, and Quarry are the major business districts in Hong Kong Island while Tsim Sha Tsui, Kwun Tong, and Mong Kok are the key business districts in Kowloon.
The popular areas to set up an office in Hong Kong
Depending on the types of business you are operating, there are a few areas in Hong Kong that are suitable for office set up. Among the popular choices are as follows:
Central – The most distinguished business hub in Hong Kong with exceptional transport links and amenities where consulates and government buildings are located, popular for banking and financial industries, also home to consulting firms. One of the most expensive areas to rent an office in Hong Kong.
Wan Chai – Popular for small to medium business, very close to Hong Kong Convention and Exhibition Centre. Highly recommended for those who are looking for a low to medium range rental within the CBD.
Causeway Bay – Hong Kong major shopping district and home of Hong Kong’s top-ranking sporting grounds. The Happy Valley Race Course, Victoria Park, and HK Football Stadium are all located here, popular for retail, hospitality, entertainment, and tourism industry.
Quarry Bay– Once an industrial and residential area, but now transformed into a commercial-oriented district, popular for IT, telecoms, and media companies.
Tsim Sha Tsui – Popular for any companies that are attempting to set foot in the Chinese market. Or if you are looking for an office with panoramic harbor view/ city views, Tsim Sha Tsui is the place to be.
Top 5 Locations to set up a virtual office in Hong Kong
Besides the physical office, virtual office – a firm that operates as one unit and has a professional business address and telephone number but does not exist in one specific location – is also trending in Hong Kong. If you are a startup who wants to minimize the overhead cost or if you are ready to expand your business in Hong Kong but do not have enough funding to set up a physical office, a virtual office might work the best for you. And of course, Hong Kong has some exceptional spots to offer. The top 5 locations for the entrepreneur to set up a virtual office in Hong Kong are as follow:
Crawford House, Central
Langham Place, Mongkok
Silvercord, Tsim Sha Tsui
Yen Sheng Ctr, Kwun Tong
Millennium City 5, Kwun Tong
Best locations to set-up office in Hong Kong FAQs
Where should I setup a factory in Hong Kong?Tiwi2020-10-30T07:34:38+00:00
The average cost for a serviced office with 2 or 3 workstations in Hong Kong is around HKD20,000 – 35,000 (USD2580 – USD4520).Ifyou would like to have an office with 4 to 5 workstations, it is priced from HKD50,000 (USD 6451) upwards.
What are the typical office sizes in Hong Kong?Tiwi2020-10-30T07:29:07+00:00