5 Business Ideas to Start in Hong Kong in 2025
Hong Kong is a vibrant city where you see a culture of the East meets West due to its unique historical background and geopolitical location. This article aims to provide with you 5 possible business ideas to start in the upcoming year.
Sports Coaching
The 2024 Summer Olympics in Paris was considered a success for Hong Kong, and we are so proud of our beloved athletes, particularly Cheung Ka Long, Vivian Kong, and Siobhan Haughey. To be frank, in a city with a total area of only approximately 1000 square kilometers, the people of Hong Kong are more than thrilled to hear the city is capable of producing world-class athletes.
As a result, this has sparked some peoples’ interest in considering coaching sports to children, particularly ones with an athletic background, hoping to develop future sporting stars representing Hong Kong in major sports tournaments in the future. Therefore, one should consider starting a business targeting young children who are into sports as this could potentially be a lucrative business opportunity.
Trash Recycling Business
The Hong Kong government has announced a municipal waste charging scheme which started in effect on August 1st this year enforcing every citizen in the city to participate. The scheme requires people to use and purchase plastic bags sold only by government-authorized entities as well as installing smart recycling bins in both residential and commercial areas so people can recycle their trash based on categories – aluminium, plastics, and glasses.
Starting a trash recycling business can be a fantastic business idea because it is trendy and most importantly, it helps save the planet by lowering carbon emissions. One can start a company aiming to help communities across the city by gathering trash from different households without having them filter the trash because your business will be handling that part professionally.
Business Consulting via Artificial Intelligence
Nowadays, the term – big data is commonly used not only in the business world but also in every aspect of life as artificial intelligence has been a hot topic amongst people in recent years. The use of big data can help save time and resources whether it is business development or industrial innovation. For example, the use of robots in the likes of ChatGPT has made many people’s lives easier by automating responses in seconds. One of the biggest beneficiaries of artificial intelligence is the customer service sector, where robots can replace humans in responding to customers’ needs in an automated fashion.
Additionally, since artificial intelligence plays such a crucial role in modern society. One should consider starting a business offering online courses in coaching others, especially targeting small-to-medium enterprises (SMEs) mainly to help them improve their business efficiency by using artificial intelligence.
E-Commerce
90% of our customers are in the e-commerce sector. As a company formation agency, we have the expertise and experience to help those who seek to open a company in Hong Kong as well as assist them in opening a bank account. Most people in e-commerce tend to open a company in Hong Kong while sourcing and manufacturing their products from Mainland China where the commodities will then be sold online. Hence, Hong Kong is perhaps an ideal place for them to set up an offshore company where they get to enjoy paying 0% tax (if eligible) while running an international business entity simultaneously.
Aside from China, some people opt to purchase raw materials for their products from other countries like India, Thailand, Vietnam etc. One of the best ways to find a reliable supplier is through an agent; most can be found online as one needs to compare different agents based on their online reviews to determine their credibility.
Outsourcing Services
Speaking of customer service, many companies nowadays outsource their services to several second-world countries with English as a second language. Countries such as India and the Philippines have been known for contributing customer services specifically in the telecommunication sector. Therefore, one should consider starting a customer service business based in Hong Kong for cost-efficiency reasons.
Not to mention, several company formation agencies in Hong Kong outsource their sales representatives from the countries mentioned above. This may be more affordable from their point of view but hiring foreigners with minimal knowledge of Hong Kong may give them a disadvantage. Unlike those companies, our staff are all local staff who are fluent in English with sufficient knowledge of the rules and regulations of the Hong Kong Company Ordinance.
If you are interested in incorporating a company with us in Hong Kong, please feel free to contact us by email at info@cheapincorp.com or WhatsApp at +852 5404 0902.