Just a quick heads-up if your client is moving fast on an HK company with an existing bank account , especially one where the director stays in place.
Be extremely cautious if nominee services are involved. It may sound like a quick fix , keep the old director, change the shareholder, done. But in practice, this is one of the most common ways to inherit regulatory issues, banking problems, or worse. You don’t know the background of the nominee. They could be blacklisted, have a hidden legal dispute, or be using the account behind the scenes. And once your client is tied to that structure,︀ it’s very hard to unwind.
We don't recommend nominee directors or shareholders for that reason.︁ There are better ways to achieve privacy and speed without relying on someone else's legal︂ risk.
If your client’s priority is a fast setup with access to an Asian-oriented bank︃ account, they might want to consider a clean incorporation with a new bank account instead.︄ There are banks like CBiBank that cater to Asia-based clients and digital businesses. Accounts can︅ often be opened remotely, with reasonable timelines , especially if the structure is clean and︆ doesn't involve recycled entities.
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Eli Carter
Legal Affairs
