HK company - what bank account?

[moneyhoney]

Uhm SG based but why licensed by‍ Puerto Rico only?

"Arival Bank International Corp. has been established pursuant to a Permit to⁠ Organize from The Office of the Commissioner of Financial Institutions of Puerto Rico, and will⁤ commence operations upon receiving a License to Operate. "

 

[JustAnotherNomad]

“Bank account services provided
by San Juan Mercantile Bank & Trust International, Corp.; Nonmember FDIC.‌

Arival Bank International Corp. has been established pursuant to a Permit to Organize from The‍ Office of the Commissioner of Financial Institutions of Puerto Rico, and will commence operations upon⁠ receiving a License to Operate.”

Doesn’t sound too great...

 

[VanguardFortuna]

They have bank licensing pending in the USA and UK from memory. I think that’s‌ why it is still only in Beta. They literally released Beta late last week so‍ it’s very early stages.

 

[VanguardFortuna]

A bit of searching comes up with multiple license applications out and pending... including in‌ Singapore (which I believe will be their HQ).

 

[Martin Everson]

Arival is all over Youtube with vids saying what they plan to do. If they‌ are successful or reality will slap them in the face. I wish them good luck.‍

 

[reesek]

Martin, why did you forget that they are Russian too? 🙂

 

[rey skywalker]

reeseek , i will bery very happy work with you but you need to be‌ clear for wich istitution you are introducer , secret not working , any way the‍ fisrt guy who will pay you will tell us

 

[Lisalisa]

Is Airwallex a HongKong EMI? Can't find much info on their site.

 

[VanguardFortuna]

Registered in HK, large development/finance/sales office in Shanghai and Melbourne. I believe they‌ have other smaller offices in various locations too. Development HQ comes out of Melbourne. A‍ lot of ex-ANZ guys have gone in there.

 

[JohnLocke]

Please find this users thread and posts such requests here to avoid WARNING POINTS and⁤ your post removed, we don't want to go off topic here, thanks.

 

[VanguardFortuna]

Just a follow up... I asked⁣ my Airwallex account manager and she says you can keep any amount of funds in⁢ the account without a time restriction. So I am not sure what that term is︀ now relating to...

 

[hkohli]

How to get in touch you i see no option to dm, and i need⁠ help with HK bank account.

 

[markdk]

Hello Friends, after trying for all year I really gave up, no way to set‌ up a normal bank account remotely, personally I will wait i can fly and I‍ will open my HSBC or DBS in hkg, in the main time I'm storing money⁠ for my company in Currenxie and neat. Unfortunately both of them don't allow to send⁤ business credit card at the moment but only virtual so in considering to add a⁣ third EMI in my "pocket" unfortunately Tw don't allow hkg company someone can recommend me⁢ one EMI that allow hkg company and can ship credit card, thank you!

 

[Lucius]

-Bank Account for Hong Kong Shelf company with Russian director

Instead of creating a new‌ thread, I will ask my question here.
I am selling souvenirs and paper products from‍ China. Most of my customers are from Europe and Southeast Asia. Currently, I have to⁠ work through my Chinese friend (a mainlander who is the owner of HK company).
1-I invoice my customers using the title of his HK company, then my customers transfer the⁤ money(USD) to his company’s HSBC account.
2-After that he converts the USD to CNY(RMB) and⁣ transfers it to my personal account in Mainland China.
For this service, my friend takes⁢ the commission of 8% per invoice.

I have a question - Is it possible to︀ find an EMI (or even a bank) that would allow receiving money (USD / EUR)︁ from Europe/Southeast Asia and then sending it in yuan to suppliers in China.
I have︂ a Hong Kong company (opened in 2013), but all banks refused to open a corporate︃ account for me since I am a Russian citizen and my business has a small︄ turnover of 70-120k per year.
Currently, I am in rural Russia, and I do not︅ plan to transfer any money to/from Russia(I have no customers here). After the end of︆ the pandemic, I will return to Mainland China.

I would be thankful for any suggestions︇ and ideas.

 

[markdk]

I think is very useless yr friend.. -)
I think you should easily be able‌ to open Currenxie and neat and do the same job

 

[ImKing]

what is your opinion about‍ NEat, can we trust them?
sadly the time is over I read where⁢ it is possible to open an account with them for a offshore company.

 

[Martin Everson]

There restricted country list is more than half the world. Make sure your country is‍ not on it first. I have not seen anything that makes me worried about them⁠ yet apart from I am on their restricted country list.

 

[markdk]

I'm currently using Neat and Currenxie and the time being I have nothing to complain‌
Currenxie is more "human" touch, Neat is everything with chat, but both answer quickly

 

[indexG]

Try go to DBS, They can online open a business account within 3 days.

Here is the guide.
https://www.dbs.com.hk/iwov-resources/forms/hksme/zh/day-to-day/accounts/businessaccountdoc.pdf

 

[Justastranger]

Hello everyone. I´m happy that some people could‍ open so easy account with Airwallex. My experience for newly established HK company was negative.⁠ They requested to present contracts and invoices. I answered that I´m not able to provide⁤ these as the company is not operating yet. Their answer was: in this case we⁣ are unable to help you, thank you for considering us.