Account + Card for HK Company

[GlobalConsult]

Hi all,

I have a Hong Kong company and am now looking for a business account with an EMI within the EU with own IBAN. I also need a card for POS/online payments and withdrawal.

Unfortunately, not all EMIs issue a card for companies registered outside the EU/EEA.

Also look for a business account in HK but not with a bank but EMI. Neat doesn't seem to exist any more.

The Director and Shareholder is resident in the Seychelles, I am the authorized representative and UBO and resident in the EU.

Does anyone know anything and can help? Thanks in advance.

 

[Sols]

You've made the structure quite unattractive by inserting a Seychelles nominee. Can you remove that person?

Toggle signature
This is the probably the answer to your question.

 

[GlobalConsult]

No, is not possible. Is provided by the agency.

 

[bibing]

Neat was acquired and is now part of Rapyd.

They can be reached at rapyd.net.

Not sure how they are, so try to read some reviews

 

[Sols]

In addition to Rapyd, you can try non-banks like Statrys, Currenxie, and Airwallex. If you can solve card some other way, there's also RD Technologies and WorldFirst.

But that Seychelles nominee is going to be trouble...

Toggle signature
This is the probably the answer to your question.

 

[GlobalConsult]

O.k. noted with thanks. Will try them.

 

[Forester]

Sols said:
In addition to Rapyd, you can try non-banks like Statrys, Currenxie, and Airwallex. If you can solve card some other way, there's also RD Technologies and WorldFirst.

But that Seychelles nominee is going to be trouble...
Click to expand...

I agree with @Sols, just adding that cards you can independently (having an EMI/bank account) try e.g. with Soldo or Wallester (but I admit I am not sure how they are with HK companies and especially Seychelles director...)

More generally:

GlobalConsult said:
I have a Hong Kong company and am now looking for a business account with an EMI within the EU with own IBAN.
Click to expand...

Could you share for what purpose you need an account within the EU? If for SEPA, you can have it e.g. with Currenxie as well...

Nevertheless, check Verifo and/or Paysera.

GlobalConsult said:
The Director and Shareholder is resident in the Seychelles, I am the authorized representative and UBO and resident in the EU.
Click to expand...

GlobalConsult said:
No, is not possible. Is provided by the agency.
Click to expand...

Sorry; but what is this mess? For what reason it was created? I of course know nothing about your specific situation; but what about considering to throw all this into a trash bin and to create a HK company without this burden? E.g. Statrys can serve you well (and not for so much money, IIRC...)

Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------

I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[Onassis]

Sols said:
RD Technologies and WorldFirst
Click to expand...

Do they provide USD bank account details?

 

[Sols]

Onassis said:
Do they provide USD bank account details?
Click to expand...

Both support USD, but I believe only WorldFirst provides local US details for domestic transfers whereas with RD Wallet, it's SWIFT.

Toggle signature
This is the probably the answer to your question.

 

[Clearsky Network]

GlobalConsult said:
Hi all,

I have a Hong Kong company and am now looking for a business account with an EMI within the EU with own IBAN. I also need a card for POS/online payments and withdrawal.

Unfortunately, not all EMIs issue a card for companies registered outside the EU/EEA.

Also look for a business account in HK but not with a bank but EMI. Neat doesn't seem to exist any more.

The Director and Shareholder is resident in the Seychelles, I am the authorized representative and UBO and resident in the EU.

Does anyone know anything and can help? Thanks in advance.
Click to expand...

You have a few more options in addition to the above advised ones.
1. Account with Payset for transactional purposes and obtain a card elsewhere.
2. You can also try Montify, cheaper than Payset and provide cards, however, their service is not excellent.
3. Account with Zen, attractive fees, provides cards. However, they don't always approve HK companies
4. Wallter - cards available for EU citizens
5. Klarpay - attractive fees, CH IBANs, cards available, complicated onboarding

Toggle signature
TG: @ClearskyPayments
Join our payments channel https://t.me/PaymentSolutionsClearsky
Payment and Financial Licenses: https://t.me/FinLicense

 

[GlobalConsult]

Clearsky Network said:
You have a few more options in addition to the above advised ones.
1. Account with Payset for transactional purposes and obtain a card elsewhere.
2. You can also try Montify, cheaper than Payset and provide cards, however, their service is not excellent.
3. Account with Zen, attractive fees, provides cards. However, they don't always approve HK companies
4. Wallter - cards available for EU citizens
5. Klarpay - attractive fees, CH IBANs, cards available, complicated onboarding
Click to expand...

Thanks. Will try them.

 

[Zikki]

Currenxie is based in HK and offer cards for local companies. they also have account in each major currenxie that are local to these regions.

 

[GlobalConsult]

Zikki said:
Currenxie is based in HK and offer cards for local companies. they also have account in each major currenxie that are local to these regions.
Click to expand...

Yes. Noted with thanks. Will try to open there.

 

[MrGoodman]

Sols said:
Both support USD, but I believe only WorldFirst provides local US details for domestic transfers whereas with RD Wallet, it's SWIFT.
Click to expand...

Thanks for the advice. But does RD Technologies provide dedicated accounts in the company name? I was told that they provide HK virtual accounts with DBS, but still it is not clear to me, as their license is Stored Value Facility License which is generally used for e-wallets.