Banks that accepts Hong Kong company without the need to travel?

[libicap]

Hello,

We are an e-Commerce company and are looking for banks that accepts Hong Kong companies without the need to travel. We don't mind travelling but due to current situation it's best to find another solution. We are looking for proper brick and mortar bank, not EMIs.

We are open to all countries possible.

Not sure if this has been asked in other thread, if yes, please direct me!

Thank you all!

 

[JohnLocke]

You may do a Google search on Offshorecorptalk, we have a dozen threads about this‌ here already, anyway, beside NEAT there may be new solutions which one or the other‍ may post here, so this new thread may be a good idea.

 

[CaptK]

Traditional banks are hard to open remotely. I have 3 applications in Singapore still pending.‌ He is a new contact from a very good friend of mine. He charges 10K‍ and will guarantee the account. Will update if I have any joy.

 

[clemens]

10K for an account opening!!! stay far away from such a SCAM, be warned don't‌ come back here and cry!

 

[markdk]

I'm in the same situation, there are very few options you can try with Cimbanque‌ in Switzerland ( ihad been rejected) very expensive, and Europacific in Puerto Rico, if you‍ have more than 1.000.000 you can find different option in Switzerland and Luxemburg.

 

[CaptK]

When you are opening an account with a million plus just call⁤ any bank in Jersey, Isle of Man and Gibraltar. Instant account opening

 

[reesek]

exactly, if its a hk corp there will always be a fee to bank it‌

 

[Clip]

Banking in Hong Kong from 2015 to 2019 was quite hard (specially after the big‌ HSBC fine) but now things are a lot more relaxed specially with banks needing to‍ deal with the travel ban to Hong Kong. If you have already a good banking⁠ relationship elsewhere with HSBC, Standard Chartered or Citibank you can ask to open a bank⁤ account without traveling.

Bellow is a list of remote bank services in HK. I don't⁣ have accounts with those because I have regular bank accounts in Hong Kong, but I⁢ helped some friends to deal with them.

Neat.hk - Try to stay away, bad support,︀ closes your account without reason, high fees.
Currenxie - Takes some time to open, they︁ ask to whitelist any inbound transfer, if you follow this rule you won't have any︂ problem.
Statrys - No experience, but looks great and reasonable fees.

 

[CaptK]

They are all EMI's most people want the protection of a traditional bank.

 

[JohnLocke]

If that is the case you wan to travel to‍ the country of your choice and visit the bank in person, maybe even have a⁠ local lawyer with you or someone from a well recognized tax consulting firm.

 

[libicap]

Sweet! We have an account with CIM Banque but with our Estonian⁤ entity. We will ask our account manager about setting up one account with our HK⁣ entity! 🙂

Thanks!

Hello,

Thanks for the suggestions. Looks like Statrys is popular these days,︉ I haven't tried them, am going to look into it and will update if there's︊ any lead!

Are you using Standard Chartered Bank in Hong Kong? I tried to approach︋ them and basically there's no reply, and I assume that travel is needed for SC︌ Bank? Would you mind to share how did you approach them?

Thanks! 😀

 

[Clip]

If you live overseas, probably they‍ can't help you

 

[Bruno]

As I know HongKong banks have remote application. However banker still prefer face to face‌ interview.

 

[Clip]

Application can be remotely, when they have the green‍ light is when they ask you to come in person.

 

[Atbatb]

Hello!

Did you solve that?
I am in the same situation rigth now

 

[markdk]

For your info I found paysera opened my hkg account with sepa Iban, and gave‌ me a debit card, service and assistance for the moment is top top, I also‍ have Currenxie and neat but both of them don't offer credit card for the moment⁠

 

[abchongkong]

If the company's directors are not in Hong Kong, opening a bank account⁣ is not viable. But opening your account in Singapore banks could be the best and⁢ most feasible option as they enable remote opening. Singapore banks allow Hong Kong and BVI︀ firms to open traditional bank accounts. UOB, OCBC, and RHB are some of the leading︁ banks there, and they are quite popular nowadays as alternatives of Hong Kong banks. It︂ is also possible to open a DBS bank account, although they require local substance in︃ Singapore, such as a local office, local employees, and so on. It's suggested to get︄ a professional agent to help your application and facilitate the whole process - try to︅ avoid wasting time and money due to a lack of skills and network in that︆ country.

Meanwhile, opening a FinTech account is the most efficient rapid solution for your business︇ to start worldwide transactions, given the nature of your business. Airwallex and Currenxie are fantastic︈ choices because they support a vast number of currencies, don't require a prefix, don't charge︉ monthly fees, and provide excellent customer service. Aside from that, FinTechs in Hong Kong are︊ legally protected because their custodian partners are licensed and regulated banks. Hope the information helps.︋ Feel free to text me if you have more queries. 🙂

 

[bizman]

what' the requirements, capital, deposit‍ and paperwork, do you know that?

 

[abchongkong]

Hello, may I confirm are you referring to Singapore Banks or FinTech account?