Fresh Hong Kong Company

[Laowei]

Hi there.

I am an EU citizen with residence in China and I have just registered a company in Hong Kong. No demonstrable previous activity with another company or experience in my current sector but it is a legit and currently running business (food trading from South America and Europe to China)

Applying to OCBC Wing Hang Bank but still waiting their approve or rejection.

So, I am looking for any alternative. It doesn't matter if in HK or not. But I need to have a operative bank account asap for a operation.

Any suggestion?

 

[bibing]

Have you looked into neat.hk?

Apparently Revolut is going to open soon in HK as well.

Try to check with TransferWise.

If you need to have a local HK account I would look into HangSeng or BEA.

Doesn't hurt to try with other banks too.

 

[JohnLocke]

You want to check with TransferWise if they can accept your business. So far it has been one of the best EMI's I have been using.

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[GGMonday]

We just got freshly created HK , just waiting for original papers.
Our intermediate partner's, which registered that comp, have their own middle sized EMI and they do open acc for all of the HK companies. When we get the account in that EMI I can ask whether they can on-board your company as well.

 

[TacitusKilgore]

Hi @GGMonday - I'm just curious, what agent did you end up using to incorporate in Hong Kong?

 

[JohnLocke]

GGMonday said:
Our intermediate partner's, which registered that comp, have their own middle sized EMI and they do open acc for all of the HK companies. When we get the account in that EMI I can ask whether they can on-board your company as well.
Click to expand...

Interesting, do you mind to tell us what agent you have been using and what the EMI's name is they own?

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[Clip]

I

Admin said:
You want to check with TransferWise if they can accept your business. So far it has been one of the best EMI's I have been using.
Click to expand...

I think they dont open bank accounts for HK companies. Correct me if wrong

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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams

 

[JohnLocke]

GiGoGo said:
I

I think they dont open bank accounts for HK companies. Correct me if wrong
Click to expand...

That is correct Can I get a TransferWise debit Mastercard in my country? | TransferWise Help Centre it is not on their list, that's why I wrote "you want to check" 😉

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[GGMonday]

Dont know the EMI name itself, still wait for finish of company registration, only after we ll be presented to this EMI. Within 2 weeks, I think I could share it with you.

 

[TacitusKilgore]

GGMonday said:
Dont know the EMI name itself, still wait for finish of company registration, only after we ll be presented to this EMI. Within 2 weeks, I think I could share it with you.
Click to expand...

Glad to hear things are progressing - what agent did you use for incorporation?

 

[GGMonday]

TacitusKilgore said:
Glad to hear things are progressing - what agent did you use for incorporation?
Click to expand...

So far I know that we gonna try to open account in Majestick . Will update later if it would be successful.

 

[Fly$]

GGMonday said:
So far I know that we gonna try to open account in Majestick . Will update later if it would be successful.
Click to expand...

Can you share an link?

 

[TacitusKilgore]

GGMonday said:
So far I know that we gonna try to open account in Majestick . Will update later if it would be successful.
Click to expand...

who did you use to INCORPORATE the company? ie. who registered the company in Hong Kong? NOT who are you applying for banking with right now, but who is the registered agent?

 

[zeytin]

GGMonday said:
We just got freshly created HK , just waiting for original papers.
Our intermediate partner's, which registered that comp, have their own middle sized EMI and they do open acc for all of the HK companies. When we get the account in that EMI I can ask whether they can on-board your company as well.
Click to expand...

Can you share name of the CPA / Registering agent and EMI?

 

[JohnSeed]

zeytin said:
Can you share name of the CPA / Registering agent and EMI?
Click to expand...

second that, would be interesting to know!

 

[Clip]

GGMonday said:
have their own middle sized EMI and they do open acc for all of the HK companies.
Click to expand...

Is that one Neat.hk ? Interesting to know other alternatives

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Expat in Hong Kong - There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. - John Adams

 

[Milky Moon]

neat.hk opens HK Ltd's and gives you a neat back account (which is a white lable SC). With jurisdictions such as HK it is better to open more bank accounts, as some banks will change their risk appetite.

 

[zeytin]

Milky Moon said:
neat.hk opens HK Ltd's and gives you a neat back account (which is a white lable SC). With jurisdictions such as HK it is better to open more bank accounts, as some banks will change their risk appetite.
Click to expand...

Do you think it's easy to open another bank account for neat.hk incorporated company with an EMI? I don't think SC or DBS bank account counts as a real bank account in the eyes of other banks.

 

[JohnSeed]

zeytin said:
Do you think it's easy to open another bank account for neat.hk incorporated company with an EMI? I don't think SC or DBS bank account counts as a real bank account in the eyes of other banks.
Click to expand...

Why would you be limited to one account only? because it is setup with neat.hk ?

 

[zeytin]

moneynetwork said:
Why would you be limited to one account only? because it is setup with neat.hk ?
Click to expand...

You can open other bank accounts but having a neat.hk virtual bank account won't help (in my optinion) in the eyes of the banks. Citibank SG and HK wants 300k min. balance in their business accounts.

Perhaps Hang Seng with a personal visit might work.