Legal update: Setting Up A Company In Hong Kong – A Community Effort09Jul2014
In the spirit of supporting startups in Hong Kong, law firm Tanner De Witt attended the Tech Startups & Corporates event at KPMG’s offices yesterday. The event, hosted by KPMG, EastFunding and Invest HK, was opened by Gregory So, Secretary for Commerce and Economic Development, HKSAR Government.
“I encourage and look forward to the support of multinationals and large enterprises based in Hong Kong for start-ups in their respective focused industries,” said Secretary So at the event.
“…I invite angel investors, venture capital firms, private equity investors and family offices to play an active role in building and shaping Hong Kong into a leading destination and hub for the best entrepreneurs from around the world,” he continued.
The event included an introduction to EastFunding.co, an online platform connecting entrepreneurs and investors. A panel discussion titled Corporate: From Collaborating to Acquisition followed. Panellists Charles Ng of Invest HK, Chris Roling of Sailing Capital, Jeremy Fearnley of KPMG and Fred Saurat of EastFunding shared their views on the future of entrepreneurship in Hong Kong. Highlights of the talk included the need to nurture local talent to succeed in new companies, the challenge of receiving funding beyond initial seed money and the benefits of networking to establish exit plans for startups in Hong Kong. “M & A is the trend, not IPOs,” said Roling, managing partner of Sailing Capital.
Tanner De Witt Solicitors is proud to show its support to Hong Kong’s start up community through the sponsorship of Invest HK’s Startmeup HK Venture Programme Awards. The firm’s Corporate and Commercial practice will be donating in-kind legal services to select winners to help them establish a company in Hong Kong. You can find the Tanner De Witt Solicitors profile on StartmeupHK’s website here.