If you're a startup, keep your business and personal accounts separate. Having a separate Hong Kong bank account for your business has several advantages.
Some well-known advantages of owning one are as follows:
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Professionalism. Issuing a personal check to a supplier or client may jeopardize your company's future credibility. Having a business account demonstrates that you take your work seriously.
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Finance administration has been streamlined. It is easier to track and monitor your spending when you keep your business and personal bank accounts separate.
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The tax burden has been reduced. You won't have to deal with an audit, and you'll be able to concentrate on growing your company.
