Hong Kong company bank account?

[noideas]

I am a HK resident and director of a HK company but cannot open my bank account in HK. The company does business outside of HK but does not have offshore recognition
If i need to collect payments via stripe/paypal from multiple currencies, what country is best to open the bank account in?

 

[John Morris]

Why can't you open a bank account in Hong Kong? You could use EMIs as‌ well (TransferWise?)

 

[Remy]

Have you⁤ tried simply HSBC HK ? If the source of the company's revenue is from outside,⁣ where is the problem to open an account in HK. There will be no taxes⁢ for your company.

 

[Mia Marie]

He is an HK resident,⁠ that mean he must pay taxes for the income even though it came from outside.⁤
You can try to open bank account in SG.
But i think the reason you⁣ can not open bank account is your business sector?
Right?
you're HK resident and can⁢ not open bank account there?
Is there any chance for foreigner like me?
humm

 

[Remy]

Sorry, but it's a non-sense,⁣ if your company doesn't pay taxes because business outside from HK, you don't pay taxes⁢ on personal income from revenue from your company. If it was the case, foreigner ou︀ HK resident owner of the company will pay taxes in the same manner for IRS.︁

 

[Martin Everson]

What is the reason for not‍ being able to open in HK?

 

[noideas]

Thanks for all replies. Indeed we will pay no tax since it is offshore profits.‌ However the banks just denied us an account in Hong Kong - apparently it is‍ v difficult to open them now (tried HSBC).
Could i place the account in UK⁠ since i will be paying most people there? There is no UK tax implication right?⁤

 

[JimBeam]

Have you tried at other banks in HK? There are more banks than HSBC (like‌ Citi, Bank of China or Standard Chartered etc...)