Opening a Bank Account for a Hong Kong Company
Fully remote procedure
Accounts can be opened with various banks
From 1500 EUR
Professional assistance and full support at every stage of the bank account opening process.
Opening a corporate bank account remains one of the most challenging and pressing issues for entrepreneurs registering companies in Hong Kong. Despite Hong Kong’s status as one of the world’s leading financial centers, strict regulatory requirements and banks’ internal policies make the account-opening process complicated, time-consuming, and frequently accompanied by rejections.
Based on our many years of experience providing services in Hong Kong — particularly in the area of bank account opening — we can confidently state: there are no easy shortcuts in this process, and it’s not worth looking for them. Successful account opening directly depends on numerous factors, including the value of the chosen banking solution, its functionality, reliability, and alignment with your actual business needs.
Nevertheless, the market offers solutions that, despite being relatively lesser-known, provide a high level of reliability, extensive functionality, and reasonable requirements. Choosing such banking products can be the optimal solution for your business, delivering both convenience and security.
The right option depends on the specifics and needs of your business and may involve using one solution or a combination of several. We generally distinguish four main scenarios:
Based on our many years of experience providing services in Hong Kong — particularly in the area of bank account opening — we can confidently state: there are no easy shortcuts in this process, and it’s not worth looking for them. Successful account opening directly depends on numerous factors, including the value of the chosen banking solution, its functionality, reliability, and alignment with your actual business needs.
Nevertheless, the market offers solutions that, despite being relatively lesser-known, provide a high level of reliability, extensive functionality, and reasonable requirements. Choosing such banking products can be the optimal solution for your business, delivering both convenience and security.
The right option depends on the specifics and needs of your business and may involve using one solution or a combination of several. We generally distinguish four main scenarios:
Main Bank Account Opening Scenarios
Each of these scenarios has its own features, advantages, and requirements. Our goal is to help you select and implement the most suitable solution tailored to your business’s specific needs.
- Opening a Corporate Account in a Traditional Hong Kong BankThe classic option that provides access to a full range of banking services, including international transfers, credit facilities, and multi-currency operations. Traditional Hong Kong banks are renowned for their stability, but the account-opening process can be complex and demanding.
- Opening Accounts with Regional Payment SystemsModern payment systems and fintech platforms provide flexible and convenient solutions, including fast transfers, multi-currency accounts, and seamless integration with online services. This is particularly relevant for e-commerce businesses and companies focused on international markets.
- Opening Non-Resident (NRA) Accounts in Chinese BanksIdeal for companies doing business in mainland China or with Chinese counterparties. Chinese banks offer advantages such as easy RMB transactions and simplified interaction with mainland Chinese partners.
- Opening Overseas Bank Accounts for a Hong Kong CompanySuitable for companies primarily operating in overseas markets. The choice of bank depends on the geographical focus of the company’s business activities.
Why open corporate accounts in traditional Hong Kong banks?
Having a corporate account in a traditional Hong Kong bank is the ultimate goal for most owners of Hong Kong companies. It serves as clear evidence that your company fully meets the high compliance standards and requirements expected in Hong Kong. Such an account underscores the credibility of your business, its commitment to local business practices, and full adherence to all necessary regulatory standards.
Prestige and Reputation
Use of Cheques
Hong Kong banks offer the ability to use corporate cheques for payments and settlements. This remains an important tool for many businesses, especially for large transactions or for certain sectors of the economy where cheques are still a popular method of payment.
Having an account with a traditional Hong Kong bank highlights the company’s status as a serious and reliable market player. Hong Kong banks conduct thorough checks on their clients, and the approval of such an account means that the company has passed strict due diligence, meeting the highest standards of transparency and corporate governance.
Jurisdictional Compliance
For companies registered in Hong Kong, having an account with a local bank emphasizes the business’s connection to the jurisdiction. This simplifies interactions with tax and regulatory authorities, makes reporting more transparent, and minimizes questions from inspection bodies.
Access to Banking Services
Unlike regional payment systems or non-resident accounts (NRA) in Chinese banks, Hong Kong banks provide a full range of traditional services, including: lending and financing, multi-currency operations, international transfers with minimal delays, and corporate asset management services.
At-counter services
Opening an account in a traditional Hong Kong bank also provides access to at-counter services. This means you can withdraw cash, pay bills, and carry out other transactions at a bank branch, offering additional convenience for managing your business.
Premium Services and Business Support
Traditional banks provide their clients with access to premium banking services such as corporate cards, international business loans, tax advisory services, and asset protection consulting, making them particularly attractive to large and ambitious companies.
Physical Customer Service
Unlike other solutions, traditional banks in Hong Kong offer in-person customer service, including the ability to meet with a banking advisor and receive personalized financial guidance—especially important for companies with high financial management requirements.
Banks
One of the largest and most well-known international banks, offering a full range of banking services, including corporate accounts, international transfers, loans, and premium banking solutions. HSBC enjoys a reputation as a highly reliable financial institution with a strong global presence and extensive experience working with international clients.
One of the largest Chinese banks with a strong presence in Hong Kong, offering corporate accounts, international transfers, lending, and other financial solutions. CCB is an excellent choice for companies focused on the Chinese market or conducting operations with mainland Chinese counterparties.
A Singapore-based bank with a significant presence in Hong Kong, providing corporate banking services including international transfers, lending, and solutions tailored for small and medium-sized enterprises. OCBC also offers flexible conditions for doing business across Southeast Asia.
One of the largest Chinese banks with a long-standing presence in Hong Kong. BOC delivers a wide range of banking services for corporate clients, including international transfers, foreign exchange operations, and lending. It is particularly well-suited for businesses operating with or within mainland China.
A Chinese bank with a presence in Hong Kong, offering corporate accounts, international transfers, lending, and other services. Citic Bank is focused on working with Chinese counterparties and provides solutions for businesses oriented toward the Chinese market.
A Singapore-based bank offering a wide range of corporate services, including international transfers, lending, and Asia-focused business solutions. DBS enjoys an excellent reputation and provides flexible conditions for small and medium-sized enterprises targeting the Asian market.
One of the largest international banks, delivering a full suite of services for corporate clients, including international transfers, lending, and multi-currency accounts. Standard Chartered has a global presence and works with diverse businesses worldwide.
One of the largest local banks in Hong Kong, closely affiliated with HSBC. Hang Seng provides a broad range of services for small and medium-sized enterprises, including lending, international transfers, and cash management. It is well-oriented toward the Hong Kong market.
A local Hong Kong bank offering corporate banking solutions for small and medium-sized businesses, including international transfers and lending. Dah Sing is known for its customer-friendly service and relatively lenient account-opening requirements.
One of the largest local banks in Hong Kong, providing a wide range of services for corporate clients, including international transfers, lending, and wealth management. BEA works effectively with businesses focused on Hong Kong and mainland China.
An international bank with a global network and a comprehensive range of corporate services, including international transfers, lending, and multi-currency accounts. Citibank is renowned for its high level of service and solutions tailored to large international companies.
One of the largest Chinese banks with an international presence, offering corporate banking solutions such as international transfers, loans, and cash-flow management. Bank of Communications serves Chinese counterparties and companies targeting the Chinese market.
Documents required to order the service
On Boarding Memo
1
Corporate Documents
2
Special Documents
3
- Certificate of Incorporation.
- The latest Business Registration Certificate.
- The latest NAR1 (or NNC1 for newly formed companies).
- Articles of Association.
- A color scan of the director’s and shareholder’s passport (photo page), with a resolution of at least 300 dpi.
- Proof of address (utility bill, bank statement, driver’s license) in English, not older than 3 months.
- Director’s résumé.
- Director’s business card (if available).
Proof of Business Activity
4
- Two sets of Contract + Invoice + Delivery Note with a buyer from the last 6 months.
- Two sets of Contract + Invoice + Delivery Note with a supplier from the last 6 months.
- A bank statement from another corporate bank account (may significantly affect pre-approval).
- The Director’s or Shareholder’s personal bank statement (if available).
- Company website (if available).
- Presentation of services or products.
Opening a corporate account in a traditional Hong Kong bank is not guaranteed and is a complex, time-consuming process that requires thorough preparation. The procedure involves assembling a complete and carefully curated document package that creates the most compelling evidence of both your company’s genuine business activity and the background of its shareholders and directors.
A critical step is providing meticulously prepared documents that fully satisfy the bank’s strict compliance requirements while clearly demonstrating the credibility and transparency of the business. This typically includes audited financial statements, proof of revenue sources, detailed beneficial ownership structure, contracts and invoices with clients/suppliers, and other supporting evidence of legitimate commercial operations.
A critical step is providing meticulously prepared documents that fully satisfy the bank’s strict compliance requirements while clearly demonstrating the credibility and transparency of the business. This typically includes audited financial statements, proof of revenue sources, detailed beneficial ownership structure, contracts and invoices with clients/suppliers, and other supporting evidence of legitimate commercial operations.
Service cost
Opening a Bank Account for a Hong Kong Company
€
3750
Bank Account opening in Digital Payment System
€
1500
Office Address. Assistance in account opening
€
1200
Single Representative Services
€
1200
Opening Personal Bank Accounts in Hong Kong and Singapore
€
2450
We guarantee that this price is final
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Frequently Asked Questions
We open accounts in traditional banks (Chouzhou Bank, OCBC Wing Hang, Harbin Bank, HSBC, Standard Chartered Bank) and in virtual payment systems (LianLian Global and Airwallex).
If the bank gives its approval, the account opening is guaranteed. Payment for the service is made only after the account has been successfully opened.
Opening an account in a Chinese bank can take from a few weeks to several months, depending on the specific bank and the complexity of the document verification process.
No, the director’s personal presence is not required, but authorized representatives (our appointees) will need to visit the bank.
A virtual account is opened and managed entirely online; the process is faster and cheaper, but it offers a limited range of services. A traditional bank account usually requires an in-person visit to the bank, takes longer to open, but provides a much wider range of services, including loans, trade finance, and investment products.
Useful articles about bank account opening
Why choose us?
Licensed Corporate Secretary
Direct Services in China and Singapore
We provide services directly in Hong Kong, China, and Singapore without intermediaries. This speeds up the registration process and enables clients to manage their businesses more efficiently in these jurisdictions.
We are a licensed provider of corporate secretary services in Hong Kong, ensuring full compliance with local laws and regulatory requirements. Our license guarantees the reliability and security of the services we provide.
Comprehensive Turnkey Services
We offer not only company registration but also full support services: accounting, assistance with bank account opening, and handling correspondence at the company’s registered address. This ensures convenience and minimizes bureaucratic complexities for our clients.
Experience Since 2016
Since our founding in 2016, we have successfully assisted hundreds of companies in registering and efficiently conducting business. Our experience with international clients allows us to cater to the unique needs of each company, regardless of size.
Personal Manager for Each Client
Each client is assigned a personal manager who guides them through all stages of registration and ongoing support. This individualized approach ensures tasks are handled promptly and according to client expectations.
Confidentiality and Data Security
We guarantee complete confidentiality and protection of client data, strictly adhering to commercial secrecy regulations. Your information is secure at every stage of our cooperation.
Transparent and Fair Pricing
We provide clients with detailed cost breakdowns of all services, avoiding hidden fees. This ensures full transparency and predictable expenses.
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