HK inc + bank, will I be accepted?

[markdk]

zazoooo said:
Hi friends, i opened an ltd in hong kong.
Can someone give me all the banking options I have now ? Only remotely because i can't go in hong kong.
thanks !
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[markdk]

Neat , currenxie , Paysera , pyoneer , are all Emi without any problem . Forget traditional Bank till you can fly to hkg

 

[Roamer]

markdk said:
Neat , currenxie , Paysera , pyoneer , are all Emi without any problem . Forget traditional Bank till you can fly to hkg
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Spoke to a few of these and they blatantly mentioned that they may lock people out of their account, prevent transactions from occurring (inbound and outbound) if they get flagged (source, volume, frequency, it could be anything).

So make sure you speak to whichever you choose to try and avoid these issues by letting them know ”“in advance”“ your transaction profile (how much, how often, from where, etc).

 

[fr33d0ml1fe]

thom038 said:
Yes!
Sorry for not updating. I managed to rent an office in HongKong + hired an Employee in Hong Kong which was in line with the policies of CIM BANQUE. The account remains active and problem solved!
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Hi mate does that now mean you pay HK corp taxes?

 

[fr33d0ml1fe]

Bump 🙂

 

[Clip]

thom038 said:
CIM BANQUE. The account remains active and problem solved!
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They gave you a SEPA account ?

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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

 

[Fred]

GiGoGo said:
They gave you a SEPA account ?
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Yes. CIM Bank provides both - SEPA and SWIFT with a multicurrency IBAN.

Regarding all the guys looking for banking options remote for their HK companies: all available EMI options are already mentioned here. Additional you guys can have a look at Worldfirst Business accounts.

We have clients that managed to open SIngapore bank account with OCBC for their HK company as well. The problem with Hong Kong company is it's close to impossble to get a HK bank account in 2021 as the banks ask for substance and as soon as you have enough substance to satisfy the banks you can't get the tax exemption and have to pay taxes.

For the initial thread question: You can setup a UAE company in Dubai and combine this with either a UK LLP or US LLC to satisfy the merchant accounts. That's the way most of our e-commerce and dropshipping clients go without any problem. They just use the UK LLP or US LLC to collect the payments either with Payoneer or Mercury and shift the profits to their Dubai company business account with a real bank in UAE and then invest it from this account or just using the UAE accounts as a savings account.

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