Hong Kong company - bank account / EMI?

[qwjwqieajs]

If anyone here has a Hong Kong company, how did you solve the bank account or an EMI?

Hong Kong is a part of the CRS, so a bank account on one's own name is out of the question.
Wise does not offer multi currency accounts for HK entities.

 

[JohnLocke]

Have you tried with Neat or some of the others suggested in many threads around the forum?
You may want to do a google search on the forum
Diff:
site:offshorecorptalk.com hk company bank account

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[qwjwqieajs]

Thanks. It didn't occur to me to use google, it gives better results.

I found one result that says Wise is no longer offering their multi currency account for HK entities. And then I found other posts that banks won't open an account without a physical presence in HK or Asia, and in general it's a pain in the a*s to have a HK company nowadays.

But I met in person one guy some weeks ago who told me he has a HK company, and he's very satisfied with it. So there has to be a way how it can work without hassle. That's why I posted this. I'll keep searching, maybe there's an answer somewhere ...

 

[MiddleEuroAsia]

qwjwqieajs said:
If anyone here has a Hong Kong company, how did you solve the bank account or an EMI?

Hong Kong is a part of the CRS, so a bank account on one's own name is out of the question.
Wise does not offer multi currency accounts for HK entities.
Click to expand...

here you go: Opening and EMI for HK based company to transfer funds from NEAT

 

[JohnLocke]

qwjwqieajs said:
Thanks. It didn't occur to me to use google, it gives better results.
Click to expand...

yeah, we try to improve the search function, but it's not easy, Google spit out results in addition to what you get in the search field.

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[bigdaddyleon]

Had you already tried Currenxie?

 

[gnud]

Does a Hong Kong company have an obligation to have a bank account or can I just use an EMI?