Hong Kong is a global business center and a leading telecommunications market in the Asia region. This characteristic has greatly influenced the city’s success and development and today the telecommunications sector is very well developed with companies providing for a large number of services.
Investors who want to open a Hong Kong company that will operate in the field of telecommunications have no restrictions for investments, with foreign entrepreneurs having the same rights as nationals. The sector is regulated regarding the types of services, quality, and price practiced by the companies in this field.
Our experts invite you to watch a short video about the telecommunications industry in Hong Kong:
The Hong Kong telecommunications industry
The telecommunications industry in Hong Kong is very well developed and has an advanced infrastructure. A number of international companies have opened branches in Hong Kong in order to set up their regional operations point in the area.
The Communications Authority in Hong Kong is an independent, regulatory body that operates under the Communications Authority Ordinance and controls the broadcasting and telecommunications sector in the city. The Communications Authority Ordinance, the Telecommunications Ordinance, the Broadcasting Ordinance and other legislative documents provide the guideline and regulations for the industry.
Services offered by telecommunications companies in Hong Kong
The telecommunications industry is also an important employer in Hong Kong. Companies that want to hire personnel need to observe the provisions of the Employment Law.
Working with a CPA in Hong Kong is advisable for any type of business, including one that operates in the telecommunications sector. Our team provides complete bookkeeping services, along with assistance for completing the annual financial statements, as well as assistance for handling social security contributions, among others. You can reach out to us for details about our services.
Roger Pay is the Managing Director of our company and an experienced company incorporation specialist. He will help you open your company in Hong Kong as fast as possible.
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