Where to open an bank account for a HK company ?

[DeepDrilling]

I want to setup a new HK company for my business. I live in the EU but read it's possible to avoid huge taxes if I setup a HK company and don't be a owner or manager of the company.

But where do I bank, what bank will open an account for an foreign owned Hong Kong company? Best would be to have account in hond kong.

 

[Martin Everson]

You may want to double check this depending on your situation.⁠

Maybe look at Statrys.

 

[JohnLocke]

Yeah Statrys is very popular when it comes to banking in Hong Kong.

 

[Forester]

Yes, exactly. E.g. if the company was effectively managed from the EU (not‌ necessarilly by you), it would be taxed in the EU...
and / or Currenxie.

 

[xeathk]

or Airwallex

 

[Forester]

To be honest, I have not a good‌ experience with Airwallex HK in the last 2 years, you have?

 

[Xshore]

Yes, you‍ don't have to pay taxes for HK companies that you don't own or manage.

 

[JohnLocke]

But that would require that he hides it from‍ his local tax authorities, which includes a risk if they figure it out there.

 

[Xshore]

? He‍ don't have to hide it if he doesn't own or control the companies.

 

[DeepDrilling]

yeah but it is still my company, I need to do some contracting with the‌ owner and director so they can't get away with it.

 

[Forester]

Oh well. I guess I understand. Quite a tricky setup 😉. Yet beware of this,⁠ generally Where to open an bank account for a HK company ? and perhaps rather⁤ go to the Mentor Group section with this discussion... 🙂

 

[MrGoodman]

In my opinion, if the company's activity is anything other than trade in goods, it‌ will be extremely hard to open an account with any of those EMIs (Airwallex, Currenxie,‍ Statrys, Worldfirst).

 

[DCble]

What have‍ you read?

If your business activity is in the EU and you live in the⁠ EU it's not really possible to do this and save a lot of money. Likley⁤ opening yourself up to a whole host of problems in the future and fines with⁣ high interest.

 

[DeepDrilling]

okay thank you I will avoid it

 

[Legal]

Where you are⁣ tax resident?

Bank can Caye in Belize, Bank One in Mauritius and etc.

 

[EliasIT]

Do you have some experience with Caye in Belize ? They used to be‍ very active and used by many people around all places I have come around. I⁠ never opened an account with them but watched their doings the last 4 - 5⁤ years.

 

[Legal]

In offshore banking they are like Satchel in EMI's.

4 from 10 but for daily operations very good.

 

[linusAG]

Statrys
Airwallex
PingPongX
LianLian
Sunrate
OuiTrust
WorldFirst
PanPay
CBI Bank ( A Puerto Rican bank‌ related to Chinese capital, but they do provide you with a Virtual Account in Hong‍ Kong.)

 

[Legal]

Will be super interested if you mention which from⁠ this institutions are providing service to BVI companies?

 

[SCHLOSSFINANZ]

I strongly recommend Amnis

www.amnistreasury.com

they onboard HK companies