As one of the world’s leading financial centers, Hong Kong has also become one of the leading locations to base a financial technology company. The fintech sector in Hong Kong holds important business opportunities and it aided precisely by the city’s location and its taxation and investment regimes.
Investors who want to establish a fintech company in Hong Kong should follow the basic requirements for opening a company. The process is a simple one and the new company can start its business operations in just a few days.
We invite you to watch the following video on fintech companies in Hong Kong:
The fintech sector in Hong Kong
Financial technology companies are those that find key solutions to some of the struggles of existing financial institutions. The business sector is a generous one, with start-ups specializing not just in one area, such as software development, but also in big data analytics, cloud computing or artificial intelligence. The aim is to create and distribute new financial services models and to make them cost-effective and accessible. One of our attorneys in Hong Kong can give you information about the laws regulating financial companies and the banking sector.
As it stands, fintech is one of the most innovative and promising sub-sectors of the financial services industry. Investors who are targeting this sector for company formation in Hong Kong have plenty of examples of successful Hong Kong fintech start-ups.
Hong Kong has the potential to become one of the key fintech centers in the Asia-Pacific region. Fintech companies in Hong Kong can provide business-to-business services or offer their services directly to their customers in peer-to-peer services.
One of our lawyers in Hong Kong can give you further information on the current regulating agencies in Hong Kong and the requirements for the financial services industry.
Opening a fintech company, presented by our lawyers in Hong Kong
The requirements for a fintech company are the same as for any other type of company in Hong Kong. The new business needs to be registered with the Companies Registry, have a unique company name and a local registered office in the city.
The private limited liability company is often preferred in this business sector because its founders are only liable to the amount of invested capital.