business culture in hong kong
TRANSCRIPT
Business Culture in Hong Kong
A presentation brought to you by OpenCompanyHongKong.com
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The Hong Kong Business Culture
• Although heavily influenced by its history as a British colony, Hong Kong retains its Asian heritage.
• The city’s two cultural influences, together with the fact that today it is an important financial and trading hub in Asia, have shaped its business culture and particularities.
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General Etiquette in Hong Kong
• Hierarchy is important in Hong Kong and so is observing the company’s management structure.
• At the beginning of an appointment or a meeting, senior members should be greeted first.
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The Dress Code in Hong Kong
• The dress code in Hong Kong is conservative. Business owners observe this dress code during meetings and also pay attention to the body language.
• A cultural particularity is that colours have different meanings, for example, red is associated with good luck.
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Gift Giving in Hong Kong
• Similar to the Chinese business culture, in Hong Kong gift giving is practiced but not necessarily with expensive gifts. The accent is placed on the significance of the present.
• A small gift of money is traditional for the Chinese New Year and foreign investors in Hong Kong can also practice this annual gift-giving ritual.
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Business Meetings in Hong Kong
• When doing business with another company in Hong Kong, foreigners are advised to schedule their business meetings in advance.
• Discussions during these meetings are conducted in a polite manner and by observing hierarchy.
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Business Dining in Hong Kong
• Foreign business owners in Hong Kong will commonly engage in various dinners. Discovering the dining particularities is a time worthy experience for foreigners in Hong Kong.
• Foreigners will be excused if their chopsticks technique is less than perfect.
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The Business Image in Hong Kong
• A business man in Hong Kong will put great value on his image. Paying attention to the business culture as well as having a smooth approach to business negotiations will be appreciated.
• Knowing the business and etiquette particularities will smooth the transition to doing business in Hong Kong.
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Investing in Hong Kong
• The particularities of the Hong Kong business culture are important when deciding to invest in the city. However, an investor’s first step is compliance with the requirements for company registration in Hong Kong.
• The business set-up process is straightforward and taxation is minimal.
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Professional Investment Aid in Hong Kong
• Foreigners who need more information and advice on doing business in Hong Kong can use the services provided by a company registration agent in Hong Kong.
• You can contact us for more information on opening a Hong Kong company.
Thank You for Your Attention!
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