5 Essential Tips for Moving Your Business to Hong Kong

Are you taking your business to the next level by relocating to Hong Kong? If so, you’re probably wondering the ins-and-outs of moving to Hong Kong, and how you can make the most of this premier business hub. Well, you’re in luck–we’re here to help with expert moving and relocation tips, so you can move your business in the most effective way possible.

5 Essential Tips for Moving to Hong Kong

Moving your business to Hong Kong is an intimidating task. But it’s not impossible. By following these 5 essential tips, you can make the move as painless as possible!

Study Up on Hong Kong Business Etiquette

If you’re planning on conducting business in Hong Kong, you need to brush up on the business etiquette of the city. One thing you should know is that gift-giving is an important part of business etiquette there, and is a great way to cultivate business relationships. Parties, especially dinner parties, are also widely prevalent, and a must-do activity in order to build business ties.

Plan Your Finances Accordingly

Hong Kong ranks as one of the most expensive cities in the world, in fact; it’s in the top 10 most expensive cities in terms of cost of living. This means you absolutely need to budget for your business accordingly, or else you run the risk of quickly running out of money for your business. So before you move, study up on the differences in pricing in Hong Kong, and make sure to allocate money for things like rent, public transportation, and food.

Before you should move, you should know housing in Hong Kong is exorbitantly expensive. You’ll learn this from seeing a simple Google search like Sell My House Hong Kong where Hong Kong residents are actually renting out their homes rather than living in them. So plan to rent rather than buy a place, and be prepared for small living quarters.

Prepare for Language Differences

Most people in Hong Kong speak Cantonese as their first language, although English is still primarily used as the language of business.

With that being said, it’s important to have some grasp on Cantonese to create business connections and build your network. This is especially important given that more and more companies are requiring their employees to have a working knowledge of Cantonese.

Network, Network, Network

Hong Kong has a vibrant community full of start-ups and entrepreneurs. As a business owner, you should take advantage of these social circles and network. Attend weekly meet-ups, events, and business talks to get to know people, recruit employees, and establish yourself as an up-and-coming business owner.

Explore Co-Working Spaces

Given how expensive Hong Kong is, you’ll most likely be unable to afford or acquire a space to operate your business. That’s why you should explore co-working spaces beforehand, so you can find office spaces and desks for cheap. These offices are usually housed within a dynamic and creative environment with creative and developmental resources you can use to further your business.

Final Thoughts on Business in Hong Kong

Hong Kong is a vibrant city full of amazing business opportunities. By following the tips in this article, you can handle your move in the most effective way possible, and take the city by storm.

Did you enjoy the business tips in this article? Looking for more advice? Check out our business resources!