Hong Kong vs Dubai: Where to Set Up Your Business? (Part 1)
Hong Kong or Dubai—which is the better place to start your business? Axel from Statrys compares the setup costs, business account access, and market opportunities in both cities.
Hong Kong and Dubai are often mentioned as top choices for international company setup, but they serve very different purposes depending on where your business operates and who you work with.
In this first part of the Hong Kong versus Dubai series, Axel from Statrys compares the two cities from a practical standpoint. The focus is on how easy it is to set up a company, what business account access really looks like for foreign entrepreneurs, and which markets each location naturally connects you to.
This comparison helps frame the decision before diving deeper into taxes and long-term considerations in Part 2.
Key Takeaways:
- How company incorporation works in Hong Kong versus Dubai
- Typical setup timelines and costs in both jurisdictions
- Differences between Hong Kong incorporation, Dubai free zone, and mainland setup
- Why business account opening is often harder than incorporation itself
- How Hong Kong fintechs compare to Dubai banking options for foreign owners
- Minimum deposit and in-person requirements in Dubai
- Hong Kong’s strengths for China and Asian market access
- Dubai’s positioning for Middle East, Africa, India, and intercontinental trade
- Which jurisdiction makes more sense based on your target markets
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In Part 2 of our Hong Kong vs Dubai series, Axel from Statrys dives into the tax structures, operational costs, and regulatory certainty of both locations to help you decide.
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