Yes, foreigners are allowed to set up 100% foreign-owned companies in Hong Kong. Hong Kong has a favorable business environment, and the government encourages foreign investment.
Foreigners can set up different types of companies in Hong Kong, including private limited companies, partnerships, and sole proprietorships. The process of setting up a company in Hong Kong involves registering the business with the Companies Registry, obtaining a Business Registration Certificate, and complying with other legal and regulatory requirements.
It’s worth noting that foreigners may need to obtain a work visa or investment visa to work legally in Hong Kong and manage their businesses. The specific requirements and application procedures for these visas can vary, depending on the individual’s circumstances and the nature of the business.
For further information, refer to Company Formation in Hong Kong