Supported by over 11 years experience, Tim Murphy, Managing Director of IP Global Property Investment discusses the 3 keys areas to success in real estate in Hong Kong in this 5th video in the series.

1.  Rent or buy when you move to Hong Kong – Initially, I would rent when moving to Hong Kong, this market is very dynamic and offers a diverse range of residential and office space options. Get to know the areas and look at what is financially better based on space and location.

2.  Research, research, research – To run a business in Hong Kong you need to research before you dive in, the region is very diverse and each market is very different. Make sure you understand the requirements of your consumers and your own needs. Analyse the legal requirements and do your home work. The people in Hong Kong are extremely accommodating and can offer you advice – you simply have to ask.

3.  Where should you rent your office space – Hong Kong is a densely populated area with a variety of options when it comes to office space.  The central infrastructure is great and allows you to move between suburbs with ease. When considering a location take into account the public transport facilities and restaurants located near to your potential space

Principal of Derwent Executive Genevieve Heng discusses the 3 keys to success of recruitment in Asia in this 4th Video in the series.

Derwent Executive offer Asia Pacific Executive Recruitment services in HK Singapore and Australia. After many years’ experience in the market they are pleased to offer you their three keys to success:

1. Understand the local talent market – Appreciate context. After 3 very good years in Asia things have started to level off. It is a good time to recruit in Hong Kong. Asia is also a very mobile workforce so you want to be look at talents in other markets throughout Asia such as Shanghai, Beijing and candidates moving through. Look at fresh and MBA graduates

2. Finding local resources – start with job boards and talk to local organisations such as Invest Honk Kong and various chambers

3. Managing recruitment process – Market yourself consistently to create a strong brand, this will lead into the opportunity to recruit the right people now and build a good platform for the future

Please view the entire series brought to you by Servcorp Virtual Office and SOUTV

In this video, Daniel de Lange from Asia Capital Holdings discusses the 3 keys to success of understanding culture in Asia.

Negotiations in Japan are different to negotiations in China, Indonesia or Thailand. The way decisions are made and what is important to a client is different across various cultures therefore it is very important to be aware of these cultural difference and respond accordingly

2. Avoid preconceptions

If you act in a certain way in your home country do not necessarily assume that this is the best way to act in Asia. Be open and sensitive to your environment learn new ideas so that you can be most effective.

3. Show your respect

Learn some of the language, familiarise yourself with the history and the habits because people will appreciate this and you will be more easily accepted and it enrich your experience with the country.

Managing Director of Asia Pacific Paul Rafalowski from Intralinks discusses the 3 keys to success of doing business in Asia, in this informative video.

Trust and reputation are critical to your success in Asia, if you are able to deliver a reliable product and a reliable service you will have a large client database that will use you as the preferred supplier.

2. Security

Most Asian cultures are very security conscious and one of the most important elements is developing a relationship with a client that makes them feel secure. Whether you are doing business intra-country, cross region or globally trust is a very important factor in Asia.

3. Global presence

As the rest of the world looks east and the east looks to the rest of the world businesses are becoming flatter. The information exchange and services required is not only regional but across the world. To develop a global presence it is important you create a reliable brand and provide a secure offering.

In this video, Managing Director of Primasia Corporate Services – John Barclay discusses the 3 keys to success to set up your company in Hong Kong

1. Easy of Set up

The set up of a company in Hong Kong is quick simple and easy.

A company needs 1 director, 1 share holder and they can be the same person. Your company needs to issue 1 share of 1 HK dollar = 12 US cents. You need a Hong Kong resident as company secretary and a local Hong Kong address as your registered office. You can be fully activated and ready for business in 1 week.

2. Easy of Administration

A simple annual return and a simple tax return 18 months after incorporation is required. The tax return must be supported by auditors and prepared to international accounting standards.

3. Ease of operating a company in HK

Hong Kong offers a simple employee friendly legislation. Companies need a joiner’s form, a leaver’s form and a year end return. You do not need to deduct tax from your employees they do this individually at the year end. A simple single social security scheme is in place and is called an MPF. The MPF operates at a fixed percentage deduction

That is all you need to do to set up and administer your company in HK