Hong Kong bank account for a company
- Thread starter sherwoodcap
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it is going to be hard unless you get in touch with a lawyer that may help you or, if you ask your local bank if they have a branch in the UK or can help.
Well, perhaps I would not call myself an EMI advocate, however: It is completely true that there is a lot of real horror stories about frozen (and even lost) funds in EMI's. But
1) EMI's are not equal, there are better and worse ones (and the majority of EMI's is designed for a specific purpose, i.e. not for any business case)
2) In a high street bank you can face almost identical complications (I mean, resulting in frozen funds) as well. Nowadays. It is simply so.
(Just my 2 cents. 🙂 )
Well, I am afraid that with a high street bank it is (almost) impossible anyway, except perhaps you are a premier client in a big bank like SC or so... (With EMI it is possible; and you do not need a lawyer.)
Last edited: Jun 27, 2022
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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...
I believe they must be in the higher end to be considered an investment?
That would work for a HK company.
Opening a corporate bank account in Hong Kong requires physical access to a branch and has an endless supply of KYC forms. The bank needs to understand your business and you need to have a business connection with Hong Kong. And you also have to worry about geopolitical risks. It has been reported in many media that banks in Hong Kong are preparing back-up plans to deal with the possibility of being kicked out of swift.
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