Setting up a business in Hong Kong is a strategic decision for entrepreneurs looking to benefit from its status as a global financial hub, favorable tax regime, and business-friendly policies. To start, you need to choose a suitable business structure, such as a sole proprietorship, partnership, or private limited company, with the latter being the most popular due to its limited liability and flexibility. Once you’ve decided on the structure, the next step is to register a unique business name and incorporate your company through the Companies Registry by submitting essential documents like the Articles of Association and paying the required fees. After incorporation, it’s crucial to open a corporate bank account with a local or international bank operating in Hong Kong, providing all necessary documents such as incorporation papers and identification for directors and shareholders.