If you've already obtained your Hong Kong status, are facing renewal challenges, and want to really launch your career in Hong Kong, a program that combines Latin American e-commerce giant Mercado with Hong Kong status renewal may be just the breakthrough you need.

Traditionally, many people choose to rely on a local company in Hong Kong for the renewal of their visas, but not only do they lose the autonomy of their business and incur high costs, with more than one hundred thousand dollars of pure expenses per year, they may also face compliance risks. Nowadays, by registering a Hong Kong company to operate Mektor's cross-border e-commerce business, we can not only meet the Immigration Department's requirement of "real business", but also reduce the operating costs with the help of the Hong Kong government's BUD special subsidies to realize the double landing of the identity and business.

.

01.Why Mercado?

Hong Kong's Opportunities in the Blue Ocean Markets of Latin America

As the largest e-commerce platform in Latin America, covering 18 countries, including Brazil, Mexico and Argentina, with more than 300 million users, Mektoris becoming a new blue ocean for cross-border e-commerceThe

Many sellers have yet to fully lay out this market and competition is relatively slow, providing a unique entry point for Hong Kong companies. As an international free trade port, Hong Kong enjoys a natural credibility advantage for its companies operating on this platform, making it easier to gain the trust of overseas buyers.

The platform supports the entry of cross-border sellers and allows Hong Kong companies to apply directly to open stores.In terms of logistics, you can choose Mercado official logistics or third-party services, and the return payment can be directly remitted to the account of the Hong Kong company, so the flow of funds is free and convenient.

Compared to mature marketplaces such as Amazon, many of the categories on Mektor still have high profit margins. For SME owners looking for a breakthrough in their business, this provides a rare opportunity for growth.

Timing is more important than effort. Establishing a foothold in emerging markets where competition has yet to heat up can often pay off beyond expectations. Mercado's open-door policy for Hong Kong companies is just such a window.

Explore Latin America Market in 2025, Introduction of Mektor Platform & Requirements & Processes

in the event thatIf you need to consult the renewal of Hong Kong identity, you can consult us to formulate an application plan.To help you successfully renew your Hong Kong identity Oh ~ you can scan the code to add online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), one-on-one detailed answer!↓↓↓

.

02.How to Renew Hong Kong Identity with a Hong Kong Company as a Merkur Multi?

Four-step landing: the complete path from company registration to platform operation

The first step is to register a Hong Kong company

Choose the type of "private limited company", determine the company name that meets the requirements, provide information on shareholders and directors, and appoint a professional service organization to complete the process in about 1-2 weeks.

Hong Kong Company Registration Information

1. Shareholders and DirectorsThere shall be at least one shareholder and one director, who may be the same person and there is no restriction on nationality, provided that they are at least 18 years of age and in possession of a valid identity document.
2. Registered capitalNo paid-up capital is required for Hong Kong companies, with a minimum registered capital of HK$10,000
It is usually recommended that the registered capital be set at HK$10,000 HKD. This is because too high a registered capital may entail additional risks and liabilities and may even lead to value inversion. On the contrary, if the registered capital is too low, it may mismatch the rights and responsibilities of shareholders and fail to achieve the goal of profit and loss sharing. Therefore, a moderate registered capital is a wise choice
3. Registered addressNeed to provide a registered address in Hong Kong, which can be a physical office address or a dependent address. (Our company can provide)
4. Company SecretaryA Hong Kong person or Hong Kong company must be appointed as the company's statutory secretary to handle the company's daily administrative affairs. (Our company can act as)
5. Company nameThe name of the company must end with "Limited" or "Limited" and must not be a duplicate of an existing company name.

Step 2: Build the basic operational framework

To rent a small office in Hong Kong, a monthly rent of about HK$5,000-8,000 can meet the basic needs. It is also necessary to hire at least one local employee, and a combination of online and offline working modes can be used.

Step 3: Apply for a Mercado Seller Account

Submission of application using Hong Kong company information, including Certificate of Incorporation, Business Registration Certificate, and proof of corporate identity. The preparation stage requires researching the Latin American market demand and selecting suitable categories and products.

Step 4: Establish a compliant financial system

Open a Hong Kong company bank account for receiving platform returns and paying various fees. Hire a professional accountant to handle monthly bookkeeping to ensure clear accounts and prepare for subsequent audits and tax returns.

The entire initial investment is around HK$200,000 - HK$500,000, covering company setup, initial office rent, staff salaries, platform deposit, initial stocking and promotion costs. This is a manageable investment for SME owners and can be gradually recovered through business operations.

in the event thatIf you need to consult the renewal of Hong Kong identity, you can consult us to formulate an application plan.To help you successfully renew your Hong Kong identity Oh ~ you can scan the code to add online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), one-on-one detailed answer!↓↓↓

.

03.Hong Kong government BUD subsidy: up to HK$7 million

What is the BUD Specialized Fund?

The BUD Special Fund, known as the "Special Fund for Branding, Upgrading and Domestic Sales", assists local non-listed enterprises in Hong Kong to explore and develop business in the Mainland market through branding, upgrading and restructuring as well as expanding domestic sales in the Mainland market.

BUD Funding Amount

BUD Fund'sGrant amount capped at HK$7 millionThe fund is subsidized by "Free government funding, no need to return".The fund can be divided into a maximum of multiple withdrawals with a maximum of HK$800,000 per withdrawal.

Funding will be provided on a matching basis, with funding provided at a matching ratio of 1 (Government):3 (enterprises), with the Government funding up to a maximum of TP3T of the total approved expenditure for an individual project, and the enterprises contributing not less than TP3T of TP3T of the total approved expenditure for the project in cash.

The auditing fee of up to HK$10,000 per audit for the accounts of an approved project will also be calculated based on a 1:3 matching ratio and counted towards the cumulative amount of grant for the enterprise. The maximum cumulative amount of funding support (including audit fees) for each enterprise under the Mainland Scheme and the FTA and IPA Schemes will be capped at a total of HK$7 million, and the maximum amount of funding support (including audit fees) for each project will be capped at HK$800,000 per project.

Simply put this subsidy is:The Hong Kong Government pays to help you start your own business, develop your brand and explore the market. The most important thing is that this subsidy can be applied for up to HK$7 million, which does not have to be repaid!
The BUD subsidy can be used in a variety of ways, including market research, e-commerce platform setup, brand design, marketing and promotion, and procurement of digital marketing tools. For Mektor operators, this means that part of the market development costs can be shared by the government.

Successful application for BUD subsidy not only reduces the operating cost, but is also a powerful document to prove the authenticity of the company's business to the Immigration Department. It shows that the company is recognized by the government and has a clear development plan and market expansion strategy.

.

BUD Specialized Fund Application Case Sharing

1️⃣Food Marketing Company + BUD Specialized Fund
The client has a company in the Mainland, through the purchase of fully automated office equipment and production equipment to upgrade the transformation of the original food processing plant, to expand the mainland market, the registration of Hong Kong companies to hold the mainland company, and then apply for Hong Kong BUD special fund subsidies.

2️⃣Cross-border e-commerce company + BUD special fund subsidy

Anyway, wanting the BUD application to go through silky smooth.It is important to ensure that the project meets the requirements, that the budget allocation is reasonable, and that the application documents submitted are standardized and detailed.. If you already have a physical company in Hong Kong, it is recommended that you seek the help of a professional organization to assess your application.For Mainland entrepreneurs planning to set up companies in Hong KongYou can also consult with us on the entire company registration process and subsidy application process.

.
If you also have a company in the Mainland has been given a Hong Kong identity or the need to renew the Hong Kong identity, but also want to apply for the Hong Kong Government BUD subsidies, you can scan the code to add online customer service, to arrange for a senior manager to assess ↓ ↓↓↓

.

.

04. Key Points for Visa Renewal: How to fulfill the Immigration Department's "genuine operation" requirement?

In vetting visa renewal applications, the Immigration Department's core concerns are onWhether the company has substantive business operations in Hong Kong.. The following areas of material preparation are crucial:

Employment records are important proof

Formal employment contracts of local employees, MPF contribution records, payroll bank transfer records, etc. are required. Even if there is only one employee, a complete employment record can show the company's contribution to the local job market.

Business operation materials need to be systematically organized

Includes sales records of Mektor's platform, order details, logistics tracking information, bank records of the platform's payback to the Hong Kong company's account, purchasing contracts and payment vouchers with suppliers, and so on.

Proof of office address is also essential

Lease contracts, utility bills, office photos and other materials can prove that the company does have business premises in Hong Kong. A small office fully meets the requirements and the key is authenticity.

Annual audited tax returns are mandatory

Regardless of whether the first year is profitable or not, you are required to appoint a Hong Kong licensed accountant to conduct an audit and submit your profits tax return on time.Continuous compliance with audit reports is one of the most persuasive documents in renewals. IfIf you need to consult the renewal of Hong Kong identity, you can consult us to formulate an application plan.To help you successfully renew your Hong Kong identity Oh ~ you can scan the code to add online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), one-on-one detailed answer!↓↓↓

Combining the four elements of a Hong Kong company, Mercado platform, BUD subsidy and identity renewal creates a complete business closed loop. It solves the renewal pain point for identity holders while opening up real avenues of profitability.

For mainland SME owners who have been granted Hong Kong status, it is no longer a passive choice to renew their visas for the sake of renewal, but a strategic decision to proactively lay out the Latin American market and expand their international business. The success of cross-border e-commerce no longer relies solely on China's local supply chain, but also on how to skillfully utilize Hong Kong's international platform.

If you're looking for a solution that meets the requirements for Hong Kong status renewal but also allows you to conduct truly international business, this path is worth exploring in depth. Real opportunities often arise at the intersection of cross-border and cross-border