Doing Business Overseas: Hong Kong

Hong Kong is one of the most dominant locations in the world in regards to attracting new businesses. This is because of Hong Kong’s stability and strategic position, as well as the low taxes and free economy. Global businesses are able to secure these advantages irrespective of where in Hong Kong they decide to rent office space. Nevertheless, this does not imply that your decision should be made with little consideration. 

Hong Kong

You need to select a district prudently to reap optimum benefits and ensure your company has the ideal platform to excel. Tsim Sha Tsui is a popular choice for many businesses, especially those in the tertiary sector. Keeping that in mind, this post will provide a comprehensive overview of the district, whilst revealing what it offers businesses. 

However, before we reveal more about this location, it is important to stress that setting up your company in the right manner is key. Your Company Formation and other businesses like this can assist. These sorts of companies will ensure that your business is structured in the right manner. Just because you are establishing yourself in Hong Kong does not mean you can avoid establishing yourself as a company in the UK. It all depends on the manner and nature of your work and the structure of your business, which is why expert advice is needed. 

Tsim Sha Tsui, which is commonly shortened to TST, is a vibrant and flourishing district that is located in southern Kowloon and bounded by Cheong Wan Road, Hong Chong Road and Austin Road. Tsim Sha Tsui has long been dominated by the tertiary sector. In fact, it has been like this since the colonial days until the present day. 

The two main industries with a significant presence in this district are tourism and trading. Tsim Sha Tsui is a main tourist hub, with a diverse and extensive selection of restaurants, museums and shops. From luxury designer goods to Asian street labels, there is something for all tastes and all budgets. Moreover, some of the best Kowloon bars can be found here. If you elect to rent office space in this district your employees will not be short of places to get lunch, and you will have lots of options when hosting clients as well. 

Aside from being a vibrant and entertaining district, Tsim Sha Tsui attracts global business because of its geographical location. It is situated on the tip of the Kowloon Peninsula and points towards Victoria Harbour. Consequently, the area offers excellent access to seaports, as well as airports. This has had a substantial influence on the type of companies that elect to rent offices in Tsim Sha Tsui – mainly trading and merchandising firms. Additionally, the district is considered the manufacturing and warehousing base in Mainland China.  

If you are considering renting an office in Tsim Sha Tsui, Harbour City is a recommended option. This is a large shopping mall that also offers an exceptional selection of offices. It boasts the biggest Grade A office portfolio in the whole of Kowloon. If you wish to rent here, Jones Lang LaSalle Property can assist you to do so. They have a wealth of experience and great connections in the area. Renting office space here will allow you to take advantage of reputable property management services and an extremely convenient location, thus giving your company a competitive edge. 

Nonetheless, there are a number of other options when seeking office space to rent in Tsim Sha Tsui. The Empire Centre is located in East Tsim Sha Tsui and offers both retail and office business space. The building is connected to the centre of Tsim Sha Tsui by a sky bridge. The Peninsula Office Tower is another popular option. This 30-storey office tower is part of the luxurious hotel entitled ‘The Peninsula Hong Kong’. Those that elect to rent here can benefit from the hotels beverage and banqueting facilities when holding conferences, meetings and other corporate events. 

To conclude, Tsim Sha Tsui is evidently an attractive location for local and global businesses, especially those that operate in the trading industry or tourism sector. There is also an abundance of great opportunities in relation to commercial office leases in the area, and thus you should certainly evaluate your options further. 

This is a contributed post.

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