5. Choosing business premises
Hong Kong has a wide variety of
business premises even within a close distance from its CBD. While property
prices in the premium “Central” location can be very high, Hong Kong’s compactness
and excellent transport system mean that good-value sites can be found within
short travelling distance of the CBD. The central corridor on Hong Kong Island
extends from Sheung Wan in the west to Quarry Bay in the east, whilst
accommodation is generally cheaper on Kowloon (across the harbour).
Office searches are normally
arranged through an agent and procedures are straightforward. Renovations and
refurbishment can be carried out quickly and economically.
Leased offices are typically rented for two or three years with an option
to renew. A tenancy agreement covers the respective duties and obligations of
landlord and tenant; a cash security deposit equivalent to up to three months
rent, inclusive of service charge and government rates, is normally required
from the tenant. Other office rental costs may include: a one-off fee to the
property agent (normally equivalent to a month’s rent shared between landlord
and tenant); management service charges, which typically covers air
conditioning, security, common areas, cleaning and other building services; government
rates at five percent of annual rental value, payable quarterly in advance; and
legal fees, should you engage a lawyer to process the tenancy agreement (many
people do not).
Some companies prefer the option of
a serviced or virtual office when
they first arrive in Hong Kong. Serviced offices are available across the city
and allow for short-term leases, providing tenants with a range of secretarial
services. Virtual offices provide a mailing address and a receptionist who will
answer the phone in the name of the company. At the date of writing, Primasia
Corporate Services Ltd. has workstations and individual offices for rent, with
telephone answering and other administrative support.
A number of specialist centre options are available for companies involved in
science, technology, design or research and development. These companies
typically require an office environment with specialised facilities and,
possibly, incubator services. Service providers include Hong Kong Science &
Technology Parks, the Hong Kong Applied Science and Technology Research
Institute, Cyberport and the Hong Kong Design Centre.
6. Hiring staff and applying for work visas
Please ask us for more details on the Hong
Kong employment and visas.
7. Business
licences
Some businesses will require
licences or registration to conduct a specific activity. These include, among
others: restaurants, travel agencies, employment agencies, banks, fund
managers, insurance brokers and lawyers.
===================================================================
Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
Please contact:
John Barclay -Email
Teresa Tam - Email
--------------------------
Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
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