For start-up companies, there are service providers that include bank account opening in their incorporation package. As for entrepreneurs who have already established their company in HK, service providers have a separate package solely for account opening.
Acquiring a business bank account in Hong Kong gives you two options ::
Fintech Accounts are financial service providers where you can enroll and submit your requirements online. There is no need to travel to HK and have bank interviews. For this platform’s due diligence process, you’ll need to provide the following ::
- Passport of all directors
- Passports of shareholders with 25% or more shares; and
- Valid Business Registration Certificate
Most bank account opening service Hong Kong providers do a pre-approval test for opening a Traditional Business Bank Account. They will request your documents and match them with the bank that can cater for your account opening. They will ask for the following ::
- Passport of the beneficial owner(s)
- The owner(s) proof of residency
- A detailed business plan / proposal of the company
Whichever you choose, with the banks going digital, it will be easier for business owners to open an account without traveling overseas.
