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How to Open a Business Bank Account in Hong Kong? July 31,2018.

Hong Kong is one of the countries that can be regarded as a top financial center with the largest number of banking institutions in the world. In addition, three-quarters of the world's largest banks have branches in Hong Kong.

Both Hong Kong residents and non-Hong Kong residents can choose from several different types of accounts from different banks to meet their needs. Most importantly, the restrictions on Opening a Bank Account in Hong Kong are lower than in the United States, the United Kingdom and Europe.

Can I Open a Bank Account in Hong Kong as a non-resident?

Of course you can. It is not difficult to open a basic personal account in Hong Kong, even if you are a tourist. Like some EU, US and Australian passport holders have a simpler process of opening an account. For other countries, this process can take up to 2 weeks.

Can I Open a Business Bank Account in Hong Kong?

Although opening a basic bank account is very simple, the process of Opening a Business Bank Account in Hong Kong is relatively complicated.

Even if you have a personal bank account, you can't open a business account online or remotely. The rules for business bank accounts are very strict, and companies must provide banks with detailed information of their proposed business and all corporate partners when you open a account. Business partners and shareholders who own more than 20% of the company's shares must go to the bank to attend the interview.

Can I Open a Business Bank Account Remotely or online?

Hong Kong was once one of the easiest places to open a business account in the world, and there is no limit to the transfer of international funds. However, in order to combat money laundering and terrorist currency movements, all banks must adhere to the strict “Know Your Customer” (KYC) rules. Banks need to ensure that customers are not terrorists or money launderers. For example, a company that has Opened a Bank Account in Hong Kong shows that it is a trading company, but actually it is a drug transaction, which is a big problem for the bank. Hong Kong banks want to clearly understand the true intentions of the company in their bank accounts. If they don't understand what you plan to do, maybe they will not open an account for you.

What do I need to prepare to Open a Bank Account in Hong Kong?

1.Passport or ID Copy of Director.

2.Company Business License.

3.Business Document, such as bill of lading, Invoice, Business Contract, personal and company bank statement.

4.Address document.

Depending on the bank you choose, you may face different fees and charges. You can check out the terms and conditions of the bank in advance to find out what fees they charge and whether they can be avoided altogether.

Make an appointment with the bank to open an account:

You need to attend the interview of the bank for opening an account. Note that formal dressing will give bank officials a good impression.

Which bank account should I open?

There are so many banks in Hong Kong, which one is better for you? Here are some of the banks listed, you can click to go to see more details; or contact us, we can give you some reasonable advice and help. Contact us

OCBC Wing Hang Bank


DBS Bank


Hang Seng Bank

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