Time to Open a Business
Bank Account in Hong Kong

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No Win, No Fee Scheme Price from US$ 5,500 / HK$ 43,175 Hong Kong Company Bank Account Opening
What do I get? 15 years of guidance since 2009 Free document pre-assessment Advice on required documentation Target banks’ success rate review Express pre-approval service 20+ popular leading bank choices Remote or physical bank meeting Inclusive of 10 certified true copies Inclusive of 2 local & global couriers Money back promise on failed cases
Recommended banks HSBC DBS Citibank China CITIC Bank OCBC Bank BEA Dah Sing Bank

A quick guide to company bank account opening

Your A-Z guide to stress-free company bank account opening in Hong Kong and how we make it possible.

Process Time

It takes around 2 weeks’ time to open a company bank account in Hong Kong after submitting all required documents. All directors shall be physically present in Hong Kong for the bank interview.
If the client is unable to fly to Hong Kong, we can provide a remote business bank account opening service (e.g., Citibank), with a processing time of around 2 months.

Basic Documents

Free Pre-Assessment

Submit your documents, including directors’ and shareholders’ passports, recent address proof, business plan, financial statements, etc., to us for a pre-assessment compliant with the Know-Your-Client (KYC) process to open a company bank account.
Multi-bank test results will be available 2-7 working days after submission of the requirements, and our specialist will recommend the most fitting bank to open a business bank account in Hong Kong.

HK / SG Company

No Win, No Fee

Seamless company bank account opening in 4 easy steps

No hassles. 4 simple steps to open a business bank account in Hong Kong online – anytime, anywhere.

Take our brand new Business Bank Account Success Likelihood Test in 3 minutes and discover which bank matches your company profile. 1 FREE bank success test		Get in touch with our business bank account specialists for a free consultation and find out if you are eligible for our No Win, No Fee Package. 2 Get advice from our experts		Email us a copy of your documents, and we will perform a pre-approval test to pair the feasible banks with you for free. All provided information is confidential and you will receive the result within 2-7 working days. 3 Application screening		We will send you a detailed quotation of every bank that matches your profile, along with the agreement for your confirmation and signature. Physical meetings between the banker and the client will be arranged accordingly to officially open a corporate bank account. 4 Join bank appointment

Discover the right bank for your business

It only takes a few clickety-clacks to find the right banking partner.

3-minute bank account success
likelihood test

Are you ready to take your recently established Hong Kong company to the next level by opening a centralised business bank account?

Avoid the hassle of multiple applications with no guarantees. Experience the convenience of company bank account opening in the Asia World City by taking our 3-minute test to find the best-fit banking platform for your venture.

BANK ACCOUNT SUCCESS 3-MIN TEST

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Your 30-second guide in
company bank account opening

How to open a corporate bank account in Hong Kong with flying colours? Learn in just 30 seconds here how to secure your company a traditional business bank account and achieve optimum growth with uninterrupted global transactions.

Don’t let a rejected application stop you from connecting with your potential clients and suppliers all over the world.

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Why open a business bank account in Hong Kong?

Expand your business in one of the most financially stable cities in Southeast Asia.

Financial Hub

Hong Kong specializes in the finance industry, has more than 71 global banks, and a FOREX trade amounting to US$274.6 billion every day.

Going Digital

The city’s traditional banks are adapting to the digital scene. Access your funds anytime, anywhere with online banking services and features.

Secure Banking System

Hong Kong’s superb banking regulations and infrastructure ensure that your bank information and transactions are safe and secure.

Multi-Currency Tools

Hong Kong company bank accounts can match your multi-currency needs, have no FX controls, and impose no restrictions on fund transfers.

Free Trade Policy

Entrepreneurs can transfer assets and do international trade without limitations since Hong Kong has no foreign exchange restrictions.

Low Banking Fees

Company bank accounts in Hong Kong have no tax on interest, low remittance fees, and lower minimum balances than other jurisdictions.

You can ask us anything

We know you have a lot on your mind. Check out the most FAQs on how to open a company bank account.

01 | What are the advantages of opening a business bank account in Hong Kong?

Security, reliability, and stability – these are the 3 factors that attract foreign business owners to open a company bank account in Hong Kong. HK banks strictly comply with the Anti-Money Laundering Act and FATCA Regulations, creating more stringent rules and regulations for opening a corporate bank account, especially for non-HK residents. The banks perform accurate application screening for a business bank account at the beginning to verify their clients’ source of funds and guarantee that all financial orders and cross-border transactions are well-protected. Hence, operating a business under a secure international banking system is a plus for many foreigners. On top of that, opening a company bank account in Hong Kong means :

No Tax Interest – This is a significant benefit, as holders are not liable to tax on their earnings.
Free Capital Transfer – HK has various industry sectors and does not implement foreign exchange control, making international capital transfers of company bank accounts simple and easy.
Reputable Banks – HSBC, Bank of China, Citibank, and Standard Chartered, to name a few. With these international banks located in the city, HK offers high-quality regulations and a high standard of confidentiality when opening a corporate bank account.

02 | Can a non-resident open a Hong Kong business bank account?

Absolutely! The Government welcomes and encourages international entrepreneurs and investors to open a corporate bank account in Hong Kong [3] and place their funds and monetary assets in this Asia’s Financial Hub. The region continues to adopt foreign-friendly policies to support global business owners’ growth and expansion with multi-currency business bank accounts.

You can open a Hong Kong business bank account stress-free with the help of a reliable local provider. AsiaBC offers a free pre-assessment to check if your company profile matches our bank partner’s client preferences and suggests tailor-made enhancement solutions to improve your application for a guaranteed company bank account. Moreover, we proactively provide alternative banking solutions and ongoing support to ensure uninterrupted business transactions, giving you peace of mind and helping you navigate any potential challenges.

03 | Are there any additional requirements I need to fulfill to open my corporate bank account?

To increase the chances of approval for your company bank account opening, it is best to prepare and present the following documents :

Board resolution that shows the company’s intention to open company bank account.
Copies of Certificates of Incorporation, Business Registration, and Articles of Association.
Personal details of directors and shareholders with over 10% stake.
Business plan and website.
Proof of business such as invoices, letter of intent, etc.

04 | Are there any banking charges when setting up a company bank account, and how much?

Additional payments when opening a corporate bank account may vary depending on the bank you are applying to. However, banks usually have fees for the following :

Monthly service charges.
Counter transaction fees.
Overdraft fees.
Transfer charges.
Early closure fees.
Inactive account fees.
Corporate credit card issuance and card replacement fees.
International transfers / wire transfers.

05 | Can I remotely open my company bank account in Hong Kong?

Company bank account opening in Hong Kong is known to be a tedious and lengthy procedure since traditional banks in Hong Kong strictly comply with Know-Your-Client (KYC) practices and much prefer to have face-to-face appointments with applicants when applying for their company bank account.

However, you can still open a corporate bank account in Hong Kong without being physically present, with the help of a local service provider. AsiaBC is dedicated to helping our clients open business bank accounts seamlessly, even when they are abroad. Our consultants possess extensive knowledge of the company bank account opening process and have a solid local and overseas banking network. We are committed to developing a custom-fit application that meets the bank’s specific criteria, no matter where you are located.

With our years of experience and close relationships with bankers, we make recommendations on improving your business bank account application, including suggesting detailed modifications and add-ons. This ensures a smooth process for opening a company bank account.

For more details on how to open a corporate bank account in Hong Kong, please check out our blog, ‘The Secret Formula to a Happy HK Bank Account Opening, 100% Online‘.

If all else fails, you can take advantage of AsiaBC’s No Win, No Fee Scheme. Under this arrangement, we offer a 90% refund of our service fees, ensuring minimal financial risk to you, subject to our terms and conditions. Kindly reach out to our consultants here to understand further.

06 | Which Hong Kong bank accepts opening company bank accounts online?

Currently, remote company bank account opening is still not widely acknowledged in Hong Kong since most Hong Kong banks prefer to follow the regular KYC process and face-to-face appointments. However, Citibank is one of the few that is gradually accepting applications to open company bank accounts online for specific business sectors – Technology, Media, and Telecom (TMT).

Although there are no nationality restrictions for company directors and shareholders when setting up a business bank account, Citibank mandates that applicants’ business operations be located in Hong Kong or Singapore. Applicants must provide their incorporation documents and a certified true copy of the Business Registration Certificate. Additionally, to enhance your application for opening a company bank account online, be sure to prepare your KYC personal certificate, bank references, details of the proposed business activity, business plan, website, proof of business such as invoices or letters of intent, and a certified true copy of the passports of all directors, beneficial owners, and shareholders owning 10% or more shares in the company.

07 | Can I open a business bank account in another country without travelling?

Definitely. Malaysia, Switzerland, Mauritius, St. Kitts & Nevis, and more have been great banking alternatives for international entrepreneurs to open company bank accounts remotely. However, opening a business bank account overseas might still take time depending on the bank’s assessment, making FinTech (Financial Technology) another outstanding solution you can opt for while waiting for your formal company bank account to get approved. Most FinTech accounts do not require a face-to-face opening procedure – all steps, including identity verification, can be done digitally.

08 | Are there any alternatives to opening a traditional company bank account?

Of course! FinTech (Financial Technology) is one of the best substitutes while the formal opening of a corporate bank account is in process. FinTechs are a digital type of banking that offers the same features and benefits traditional banks have, such as global remittances, international payments, and issuance of IBAN and swift codes.

Take note that FinTechs do not have physical branches like regular banks. However, all FinTech accounts are under monetary protection since their custodian bank partners are licensed and regulated by the Hong Kong Monetary Authority (HKMA) to ensure your financial safety. Find out which FinTech is the best fit for your business in our popular ‘Top 7 Digital Banking Options to Traditional Banks‘ blog now.

Note :

Given the sanction lists held by different FinTech companies, there are also restrictions for businesses and nationalities that are able to open a corporate account, similar to the traditional business bank account opening scenario but in a somewhat lighter way.
Most FinTechs collect incoming and outgoing wire transfer fees and subscription fees to keep your business account active.

09 | Is opening a Hong Kong corporate bank account limited to Hong Kong companies only?

Most banks in Hong Kong prefer to open corporate bank accounts for companies registered in Hong Kong. Foreign entrepreneurs can opt for FinTechs or open company bank accounts overseas – Singapore, Malaysia, Mauritius, St. Kitts & Nevis, and more as alternatives. However, the approval of opening a corporate bank account in these countries may vary depending on the bank’s client references and could possibly incur higher costs. Registering your company in Hong Kong and getting a Hong Kong company bank account are still highly advisable.

10 | What is AsiaBC’s No Win, No Fee Scheme and how does it work?

AsiaBC is dedicated to delivering our clients a time-efficient and cost-effective solution when opening a company bank account in Hong Kong, which is why our ‘No Win, No Fee’ arrangement exists.

Our trusted advisors assess your documents for company bank account opening to recommend which bank will suit your company profile, and then develop a custom-fit application based on your nationality and preferences. Once we get pre-approval from the bank, you have the option to proceed or not with opening a company bank account in Hong Kong. In case we fail to open a company bank account for you, we guarantee a 90% refund of service fees. Get in touch with us via WhatsApp here to learn more.

Note :

No charges will be incurred for rejected company bank account applications during the pre-assessment period.
After the pre-assessment period, bank charges associated with the application process will be deducted from the total service amount for any refund case.

Why choose AsiaBC to open a company bank account?

We provide customised services based on your specific business and financial needs.

1Wide Bank Network

We are here to help you find the right bank. AsiaBC has built a solid network of 50+ banks in HK and are always in the loop with the bank’s latest preference for a business client.

2Effortless Application

We do all the work — from preparing your applications, pre-screening documents to making appointments for a guaranteed company bank account opening.

3Hands-On Partner

We make sure to follow up on the progress of your application and update you with its status. Our team will be with you every step of the way and make needed adjustments.

4One-Stop Shop

We got it all for you! AsiaBC is your one-stop-shop platform with incorporation, registered address, accounting and ‘0’ tax planning so that you can focus on your operation.

5Reliable Service Provider

In 13+ years of experience, our team has built strong partnerships with overseas affiliates and served over 5,000 clients. Check out our Trustpilot reviews here.

6No Win, No Fee Scheme

Guaranteeing a refund for declined bank applications, our direct, fair, and transparent pricing system ensures that if all else fails, we’ve got your back.

Other services we excel at

All hands on deck in expanding your business globally with our quality add-on solutions.

SG Remote Company Formation
+ Digital Banking Account

Grow your business beyond the horizon without traveling to the country. Register your Singapore company remotely and open a digital banking account for instant and convenient corporate transactions. Plus, you‘ll get a resident director and local company secretary to handle all essential compliance requirements.

Explore the Lion City free from stress and unveil its economic benefits of rapid development so you can wisely take your business to the next level.

TELL ME MORE

Link Building Manager, 2T-Digital After trying different banks in HK with no success, AsiaBC called me to learn more about my company and offered the best solution for opening a business bank account. We received an email that our account was approved, and now our team can finally operate the business. I can’t thank AsiaBC enough for all their support. I highly recommend them to anybody! Thalys Comunello Founder, Nauti Buoys Limited Efficient and professional. With the help of AsiaBC, we quickly set up an ad company in HK and followed by opening a company bank account. In just a few days, we were ready to operate. It was a satisfying and easy experience. We recommend this company! Maxwell Clark

Upgrade your strategy with bank account opening blogs

Learning never stops. Utilise our most popular company bank account blogs to expand and grow your business.

Rainy street in Hong Kong during typhoon season showing AsiaBC’s resilience for banking continuity on business disruption.

How can we help?

Our friendly bank account specialists are ready to help lighten your load.

Time to Open a BusinessBank Account in Hong Kong

Price from

5,500

43,175

A quick guide to company bank account opening

Seamless company bank account opening in 4 easy steps

Discover the right bank for your business

3-minute bank account success likelihood test

Your 30-second guide in company bank account opening

Why open a business bank account in Hong Kong?

Financial Hub

Going Digital

Secure Banking System

Multi-Currency Tools

Free Trade Policy

Low Banking Fees

You can ask us anything

Why choose AsiaBC to open a company bank account?

1Wide Bank Network

2Effortless Application

3Hands-On Partner

4One-Stop Shop

5Reliable Service Provider

6No Win, No Fee Scheme

Other services we excel at

SG Remote Company Formation + Digital Banking Account

Upgrade your strategy with bank account opening blogs

How can we help?

Hong Kong Incorporation

Singapore Incorporation

Offshore Incorporation

Singapore Bank Account Opening

Hong Kong Bank Account Opening

Hong Kong Taxation & Accounting

Singapore Immigration

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Time to Open a Business
Bank Account in Hong Kong

3-minute bank account success
likelihood test

Your 30-second guide in
company bank account opening

SG Remote Company Formation
+ Digital Banking Account