Hong Kong is a vibrant and cosmopolitan city with a thriving economy and plenty of opportunities for small businesses.
In Hong Kong, entrepreneurs have many opportunities to start a small business and be successful. From retail and food businesses to services and online businesses, there are many options to choose from.
This article will share 30 profitable small business ideas in Hong Kong. We will also provide tips on making your business more successful. Most people also prefer to read about small business ideas in Malaysia.
How easy is it to start a business in Hong Kong?
Starting a business in Hong Kong is relatively easy compared to other jurisdictions. There is a low barrier to entry, and the process is fairly straightforward. The Hong Kong government has also implemented several initiatives to support small businesses. For example, the Start-up Visa Scheme allows entrepreneurs from overseas to come to Hong Kong and set up their businesses.
There are several business ideas in Hong Kong. For example, there is a growing demand for health and wellness services. This includes yoga studios, personal trainers, and health food stores. There is also a strong demand for luxury goods and services due to the high number of wealthy individuals in Hong Kong. Businesses that cater to this market, such as luxury hotels, restaurants, and boutiques, can be very profitable.
Is Hong Kong a good business place?
Yes, Hong Kong is a good place to start a business. The city has a strong economy and is home to many international businesses. There are also plenty of opportunities for small businesses to succeed.
Hong Kong is a good place for small businesses because the city has low taxes. This makes it easier for small businesses to turn a profit. Additionally, many resources are available to help small businesses start and grow. For example, the Hong Kong government offers several programs and grants to support small businesses.
Another reason why Hong Kong is a good place for small businesses is the high demand for goods and services. Businesses that can meet this demand can be very successful. Additionally, the city has a large population of consumers with disposable income, which means there is potential for high sales revenues.
Overall, Hong Kong is an excellent place to start a small business. The city has a strong economy, low taxes, and plenty of resources to help businesses grow. Additionally, the high demand for goods and services makes it an ideal market for small businesses.
How can a foreigner start a business in Hong Kong?
Starting a business in Hong Kong is relatively easy for foreigners. There are no restrictions on foreign ownership of businesses in Hong Kong. All you need is a valid passport and proof of address. You can also set up a business bank account in Hong Kong.
Franchise opportunities in Hong Kong
With its large population and high density, Hong Kong is a prime market for many franchise businesses. There are many opportunities for franchisors to expand their businesses in Hong Kong.
Some of the most popular franchise businesses in Hong Kong include fast food restaurants, coffee shops, and convenience stores. These franchises are very popular with both tourists and locals alike. With the right location, these businesses can be extremely profitable.
Another great thing about franchising in Hong Kong is that there is no need to set up a new business from scratch. Franchisors can simply lease space and start operating their business immediately. This saves a lot of time and money compared to starting a new business from scratch.
There are also many support services available for franchisors in Hong Kong. These services can help franchisors with everything from marketing to accounting and legal issues. This makes it easier for franchisors to expand their businesses into Hong Kong without worrying about the details.
Top 4 Websites to find businesses of the sale in Hong Kong
It can be quite difficult to find businesses for sale in Hong Kong. However, with the help of the internet, this process can be made much easier. This section will provide you with the top 4 websites that can help you find businesses in Hong Kong.
Smergers is a website that is dedicated to businesses that are for sale in Hong Kong.
The website has a wide range of businesses listed, from small businesses to large corporations.
You can search for businesses by industry, location, or price.
The website also has a blog where you can read articles about buying and selling businesses in Hong Kong.
If you are interested in purchasing a business in Hong Kong, Smergers is a great place to start your search.
AsiasXpat is a website that helps you find businesses for sale in Hong Kong. You can search for businesses by industry, location, and price.
The website also has a blog covering business news, tips for buying a business, and case studies.
If you are interested in buying a business in Hong Kong, AsiasXpat is a great resource to help you get started.
If you want a business to buy in Hong Kong, BusinessesForSale is a website you should check out!
This website offers a wide variety of businesses for sale, including restaurants, retail stores, and service businesses.
If you’re looking for businesses for sale in Hong Kong, DealStream is a great website to check out. They have a wide selection of businesses; you can search by industry, location, and other criteria.
DealStream is a great resource for finding businesses that are available for sale in Hong Kong. With so many businesses listed, you’re sure to find one that meets your needs.
Tech business opportunities in Hong Kong
Hong Kong is a major center for technology and business. There are many opportunities for small businesses to get involved in the tech industry in Hong Kong.
One of the most promising areas for tech businesses in Hong Kong is the internet of things (IoT). IoT refers to the network of devices, sensors, and other objects connected to the internet. This technology is rapidly growing in popularity and offers many opportunities for businesses to get involved.
Another area where there are many opportunities for tech businesses is artificial intelligence (AI). AI is becoming increasingly important in both business and consumer applications. Businesses harnessing AI will be well-positioned to take advantage of this growing trend.
Overall, there are many exciting opportunities for tech businesses in Hong Kong. Those who can capitalize on these trends will be well-positioned for success.
Benefits of doing business in Hong Kong
There are many benefits of doing business in Hong Kong. The city has a stable political environment, low taxes, and a pro-business regulatory regime. Hong Kong is also a gateway to China, offering a huge business market.
Another benefit of doing business in Hong Kong is the city’s world-class infrastructure. Hong Kong’s excellent transportation network includes an extensive MTR system and top-notch telecommunications and power facilities. This makes it easy for businesses to operate in the city.
Furthermore, Hong Kong is home to a highly educated workforce. Many people in the city speak English and Chinese, making it easy for businesses to communicate with their employees. Additionally, Hong Kong’s universities produce some of the best talents in the world. This makes it easy for businesses to find qualified employees.
Overall, there are many benefits of doing business in Hong Kong. The city offers a stable political environment, low taxes, pro-business regulation, world-class infrastructure, and a highly educated workforce.
Challenges of starting a business in Hong Kong
Here are a few challenges you can encounter if you want to start a business in Hong Kong:
- The high cost of living in Hong Kong can make it difficult to start a business.
- Rent is expensive in the Hong Kong, and office space can be hard to find.
- There is much competition from established businesses in Hong Kong.
- The Hong Kong government has strict regulations that businesses must follow.
- Finding employees in Hong Kong can be challenging, as there is a lot of talent competition.
30 Profitable Small business ideas in Hong Kong
If you’re looking for business ideas in Hong Kong, you’ll need to know what kind of businesses are profitable there. Here are 30 different ideas to get you started!
#1. Website Design And Development
Web design and development is a great option if you’re based in Hong Kong and looking for profitable small business ideas. Many businesses and individuals need websites but don’t have the time or expertise to create one themselves. As a web designer or developer, you can help them get online and reach a wider audience.
So what are you waiting for? If you’re looking for profitable small business ideas in Hong Kong, web design and development is a great option!
#2. Application Development
Application development is one of the most profitable small business ideas in Hong Kong. The city is home to many businesses and organizations that require custom applications.
You can start your own application development business if you have the skills and experience to develop custom applications. There are many opportunities for application developers in Hong Kong. You can work with local businesses or international organizations.
#3. Consultants Service
There are many small profitable business ideas in Hong kong. One of the most popular businesses is consultant service. This is because there is a high demand for consultants in Hong Kong.
The great thing about consultants’ service is that you can work from home. This means you don’t have to rent office space, saving you much money.
A consultancy service is a great option if you consider starting your own business. It is a flexible and profitable business that you can operate from home.
#4. Catering Services
Starting a catering business in Hong Kong can be a very profitable venture. Many events and parties occur in the city daily, and catering services are always in demand.
There are a few things to remember when starting a catering business in Hong Kong. First, you must obtain a food license from the Hong Kong Food and Environmental Hygiene Department. You will also need to find a good location for your business and reliable suppliers of food and beverage products.
#5. Bookkeeping and Tax Preparation
If you’re good with numbers and have a head for business, then bookkeeping and tax preparation could be profitable small business ideas.
Businesses and individuals always need help with their finances; if you can provide this assistance, you could make a tidy profit.
To get started, you’ll need to be familiar with bookkeeping and tax laws in Hong Kong. You can learn this information by taking online courses or reading books on the subject. Once you have the necessary knowledge, you can start offering your services to clients.
#6. Travel Agency
With its convenient location and high-speed rail link, Hong Kong is a great place to start a travel agency. There are many tour operators in the city, so you’ll need to offer something unique to stand out from the competition.
One way to do this is to focus on a specific type of travel, such as luxury, adventure, or eco-friendly. You can also focus on a specific region or country that you are familiar with.
Starting a travel agency could be a great business idea if you are passionate about travel and have good customer service skills.
#7. Cleaning Services
Are you looking for small business ideas in Hong kong? If so, you may want to consider starting a cleaning business.
Cleaning businesses are in high demand in Hong Kong, as many people do not have the time or resources to clean their homes and offices. There is a constant need for cleaning services, so this is a great business.
Starting a cleaning business in Hong Kong is a great option if you want a profitable small business idea. With hard work and dedication, you can build a successful cleaning business that will serve your clients well and make a good profit.
#8. Product Sourcing Agent
As a product sourcing agent, you will be responsible for helping businesses find the products they need at the right price. You will need strong research and negotiation skills to succeed in this role.
To succeed in this business, you must find good product deals and pass on the savings to your clients. You should also be able to build good relationships with suppliers to get the best prices for your clients.
#9. Real Estate Brokering
Many small business ideas can be profitable in Hong Kong. One of these is a real estate broker.
As a real estate broker, you will help people to buy, sell, and rent properties. This can be a very lucrative business, as there is always demand for property in Hong Kong.
If you are considering starting a small business in Hong Kong, a real estate broker is a great option.
#10. Tutoring Online
There is a growing demand for online tutoring services in Hong Kong. This is because more and more parents are looking for ways to help their children succeed.
One of the best things about starting an online tutoring business is that you can operate it anywhere in the world. All you need is a computer and an internet connection.
#11. Logo Designing
As a logo designer, you will create visual identities for businesses. This can include designing logos, business cards, letterheads, and other branding materials.
To be successful in this field, you will need to have a strong understanding of graphic design principles. You should also be able to use various design software programs, such as Adobe Photoshop and Illustrator.
#12. Technical or IT Support Services
If you have experience working in IT, you may want to consider starting your own IT support business. Many small businesses and startups in Hong Kong could benefit from your services.
You could provide support for computer hardware, software, and networking issues. You could also offer training and consulting services to help businesses get the most out of their IT systems.
There is a growing demand for IT support services in Hong Kong, so this could be a very profitable business venture.
#13. Marketing Services
Marketing services are in high demand in Hong Kong because they help businesses to reach a wider audience. With the help of marketing services, businesses can increase their brand awareness and generate more leads.
If you are considering starting a small business in Hong Kong, consider starting a marketing service company. This is a great way to make good money and help other businesses to grow.
#14. Call Center Agencies
Starting a call center agent could be the perfect option if you’re looking for small business ideas in Hong Kong.
To start a call center agency, you must understand the different types of businesses that use call center services. You will also need to be familiar with the various software and hardware options available to call center businesses.
Starting a call center agent can be a very profitable business venture if you have the right skills and knowledge. You can attract many clients and earn a good income with the right marketing strategy.
#15. Amazon or eBay Seller
To be successful as an Amazon or eBay seller in Hong Kong, you need to find a niche market that the major online retailers are not serving. You can do this by focusing on products unique to Hong Kong or not widely available in other markets.
If you are looking for a profitable small business idea, consider becoming an Amazon or eBay seller in Hong Kong. With some research and effort, you can build a successful online business.
#16. Translator – Freelance Writer
As a freelance writer, you can offer your services in translating documents from one language to another. This is a great way to use your language skills to earn extra income.
To get started, you will need to create a portfolio of your work so potential clients can see your writing style and expertise. You can then start actively marketing your services to businesses in Hong Kong that may need your help.
#17. Interior Designer
If you have a good eye for design and a passion for helping people create their dream homes, then a career as an interior designer could be perfect for you.
There is a growing demand for interior designers in Hong Kong, as more and more people are looking to renovate their homes and offices. As an interior designer, you will help your clients plan and execute their vision, selecting furniture, fixtures, and finishes to bring their space to life.
To succeed in this field, you must be creative, organized, and detail-oriented. You will also need to have a good understanding of the latest trends in interior design.
#18. Technology Support Business
With the rapid development of technology, there is a growing demand for tech support services. If you have the knowledge and skills, starting a tech support business can be a great way to earn a living in Hong Kong.
If you are interested in starting a tech support business, many resources are available to help you get started. There are also plenty of opportunities to learn more about this field if you don’t have much experience. You can start a profitable tech support business in Hong Kong with the right planning and execution.
#19. Childcare Service
There is a growing demand for quality childcare services in Hong Kong. Many working parents cannot find affordable and reliable child care, so starting your own business in this area could be very profitable.
You also need to ensure you have the proper licenses and insurance before starting your business. This will protect you and your business in case of any accidents or injuries.
If you are passionate about working with children and have the necessary experience, starting a childcare business could be a great way to earn a good income.
#20. Pet Walker
As a pet owner, getting enough exercise is one of the most important things for your pet. But sometimes, life gets in the way, and it’s difficult to give your pet the necessary attention. That’s where pet walking services come in!
As a pet walker, you would be responsible for walking dogs and exercising them while their owners are away. This is a great business idea for animal lovers looking for a way to make some extra money.
#21. Accountant- Bookkeeping
As a small business owner in Hong Kong, it is important to keep track of your finances and ensure that your books are in order. This is where an accountant can help.
An accountant can help you with bookkeeping, tax planning, and financial reporting. They can also advise on saving money and reducing your tax liability.
It is important to choose an accountant that you feel comfortable working with. Be sure to ask about their fees, services, and experience.
#22. Social Media Influencer
Are you looking for profitable business ideas in Hong Kong? Why not become a social media influencer?
As a social media influencer, you can make money by promoting products and services on your social media channels. You can also charge businesses for creating sponsored posts.
To be successful as a social media influencer, you need to have a large and engaged following on your chosen platform. You should also be well-versed in digital marketing and social media marketing strategies.
If you think you have what it takes to become a successful social media influencer, then start building your presence on social media today!
#23. E-commerce Reseller
Starting an e-commerce reseller business in Hong Kong can be a great way to make money. There are many benefits to being an e-commerce reseller, such as having a low overhead cost, working from home, and having a wide range of products to choose from.
If you are looking for profitable small business ideas in Hong Kong, starting an e-commerce reseller business is a great option. With some effort and research, you can find success in this business venture.
#24. Start a city maps business
There is a huge demand for city maps in Hong Kong, especially among tourists. You can start a business creating and selling city maps.
There are a few things you will need to get started. Firstly, you will need to create a high-quality map of the city. This can be done using software such as Adobe Illustrator or Photoshop.
Once you have created your map, you must print it onto high-quality paper or card. You can then sell your maps online or in local stores.
If you are creative and have an eye for detail, this could be a very successful and profitable business idea!
#25. Offer a WhatsApp real-time customer service
Why not offer WhatsApp real-time customer service if you are looking for profitable small business ideas in Hong Kong?
With the popularity of WhatsApp, more and more people are using it to communicate with businesses. This provides a great opportunity for small businesses to offer customer service through WhatsApp.
If you can provide good customer service through WhatsApp, it will be a great way to improve your business in Hong Kong.
#26. Become a mobile personal trainer
If you’re passionate about fitness and helping others reach their fitness goals, becoming a mobile personal trainer could be a great business idea.
With a mobile personal training business, you can bring your services to your client’s homes or workplaces, making it convenient and easy for them to get in shape.
Starting your own mobile personal training business is a great way to be your boss and make a good income. You’ll need to invest in some quality equipment, but you can quickly build up a loyal clientele with the right marketing and pricing strategy.
#27. Start a mobile photography
More and more people are using their smartphones to take photos. If you have a good eye for composition and lighting, you can start a mobile photography business.
Mobile photography is a great way to make money if you are creative and have a good eye for detail. You can start a successful mobile photography business in Hong Kong with the right tools and knowledge.
#28. Become a proofreader
If you have an eye for detail and a passion for language, then becoming a proofreader might be your perfect business idea.
Proofreading is a vital part of the publishing process and must be done before a book or document can go to print. As a proofreader, your job will be to check for spelling, grammar, and punctuation errors and ensure that the text is clear and easy to read.
There is much demand for proofreading services, especially from businesses who want to ensure that their documents are error-free. If you’re interested in starting your own proofreading business, you only need a computer and a quiet place to work.
#29. Start a blog
If you’re passionate about writing and have something to say, then starting a blog could be a great way to make some extra money.
There are several ways to make money from blogging, including selling advertising space, writing sponsored posts, or selling products and services.
To be successful, you will need to choose a niche that you are passionate about and can write about engagingly. You will also need to build a loyal following of readers who will keep coming back for more.
#30. Start an online video editing business
With the rise of online content creation, there is a growing demand for video editing services. If you have a passion for video editing and are familiar with the necessary software, starting an online video editing business could be a great way to make money in Hong Kong.
You will need a few things to get started, including a good computer with powerful editing software and a high-speed internet connection. You will also need to create an online portfolio or website to showcase your work and attract clients.
Once you have everything set up, you can start marketing your business by networking with content creators and offering your services at a competitive price. You can build up a successful video editing business in Hong Kong with some hard work and dedication.
Starting a small business in Hong Kong can be a profitable venture. With the right idea, you can tap into the many opportunities that this city has to offer. We hope that our list of 30 small business ideas has given you some inspiration on what you can do.
If you are looking for more information on starting a small business in Hong Kong, we suggest checking out the Small Business Association of Hong Kong. They offer plenty of resources and advice for those interested in starting their businesses.
What are you waiting for? Get started on your new venture today!
Frequently Asked Questions
What business can I start with $5,000?
If you need more help brainstorming, here are five businesses you can start for under $5,000.
- Tutoring or Online Courses
- Make a product and sell it online
- Open a consulting business
- Create an app or game
- Become a real estate mogul
How can I get a franchise in Hong Kong?
There is no specific legislation governing franchising operations in Hong Kong.
Is owning a food franchise profitable?
The top brands can earn in the neighborhood of $200,000 to $250,000, but the profit, after all expenses, for an average fast food franchise is around $82,000 annually.
Why is Hong Kong good for business?
Hong Kong is recognized as a thriving business center, including location, a trustworthy political environment, a trustworthy economy, a tax, and business approach that are business-friendly, world-class infrastructure, and a productive legal system.
Is Hong Kong still good for business?
Hong Kong’s economy has doubled since 1997.
- www.medium.com – 15 Most Profitable Small Business Ideas
- www.3ecpa.com – Top 10 Best Small Business Ideas in Hong Kong for beginners