There are service providers who incorporate bank account opening in their incorporation packages for new businesses. Service providers have a distinct package just for account opening for entrepreneurs who have previously start their company registration Hong Kong.
You have two alternatives when it comes to opening a business bank account in Hong Kong:
Fintech Accounts are online financial service providers that allow you to enroll and submit your requirements. There’s no need to fly to Hong Kong for bank interviews. You’ll need to give the following information for this platform’s due diligence process:
- Passport of all directors
- Passports of shareholders with 25% or more shares; and
- Valid Business Registration Certificate
When it comes to opening a Traditional Business Bank Account, most service providers conduct a pre-approval exam. They will ask for your documents and link them with a bank that can help you open an account. They’ll request the following:
- Passport of the beneficial owner(s)
- The owner(s) proof of residency
- A detailed business plan/proposal of the company
Whatever option you choose, the banks’ move to digital banking will make it easier for company owners to open accounts without having to fly internationally.
