Hong Kong Has Its Own Time Zone and It Is Very Opportunistic
Having a business in Hong Kong seems like a dream come true. For new and seasoned entrepreneurs alike, setting up a company in this jurisdiction is worth the work. With a pro-business government and low tax regime, what’s not to adore with Hong Kong? Although a business needs to thrive, the city is also complete with tourism appeal for expatriates or local to play tourist once in a while. For global companies looking to set a path into Asia, Hong Kong is the gateway. Brilliantly rich in English influence and history, yet grounded Asian values, Hong Kong appears to be the best of both continents. The Hong Kong time zone is not too far off from its Asian counterparts. Thus, business deals with its regional neighbours will be effective.
Gateway to Asia
Dubbed to have the best of both sides of the globe, doing business in Hong Kong will render a sense of achievement. Hong Kong is a gateway to most of Asia. Most of its population are well versed in English. They value Asian life principles, but they enjoy the Western lifestyle. Hence, working in Hong Kong or having teammates in Hong Kong may yield a good work outcome. Although the time zone may seem daunting to global employers or companies, locals working with global teams have no problem accommodating far side teammates. Having Hong Kong employees on board will help provide much relief and extension to reach other Asian countries in the same time zone as Hong Kong.
Ahead by Eight
Hong Kong time zone is ahead of the coordinated universal time by eight hours. For that, Hong Kong is similar to most Asian capitals in the country. For some, the difference could only be by an hour forward or backwards. It is only a matter of knowing which country is ahead or behind the Hong Kong time zone. For global teams, Hong Kong employees may be prepping to start the day, while their employers across the globe are just ending their day. The only significance is that local Hong Kong employees are accommodative of other teammates located elsewhere worldwide. Since most Asian countries are within a similar time zone as Hong Kong, catering to clients’ needs in this region is a breeze for companies based in the jurisdiction.
Far-reaching and Populous
The Hong Kong time zone is UTC+8. To date, the time zone is densely populated. Businesses based in Hong Kong can choose to have clients from within the same time zone as them. Conducting businesses with clients in a similar time zone will be advantageous as decisions and negotiations could occur on the same day and time. Thus, many global companies are looking at this extensive opportunity to hire Hong Kong teammates if they have clients in the Asian region. Most Hong Kong locals have a desirable trait for accommodating clients’ needs, especially when it works in favour of the same time zone. With the pandemic changing our jobs, working from home requires the extra effort from companies to connect with their clients more often to ensure smooth and effective business conducts.