Boost Asset & Privacy Protection
with Offshore Bank Account
Match with ideal bank partner via global network
Open offshore bank account in 10+ destinations
Guaranteed refund with No Win, No Fee Scheme
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Boost Asset & Privacy Protection
Why Offshore Banking ?
| No Win, No Fee Scheme Price fromRemote Offshore Bank Account Opening |
| What do I get?  Offshore bank account opening in Switzerland, The Cayman Islands, Bahamas, Mauritius, Vanuatu, Puerto Rico, & more  15 years of guidance since 2009  Free document pre-assessment  Advice on required documentation  Target banks’ success rate review  Express pre-approval service  50+ popular leading bank choices  Scheduled remote bank meeting  Inclusive of 10 certified true copies  Inclusive of 2 local & global couriers  Money back promise on failed cases |
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What you need to know about offshore bank account
Your journey to a stress-free offshore bank account opening starts here.
Process Time
- Approval of offshore bank account opening takes about 2-4 weeks after submitting all required documents.
- Physical bank meetings are not generally required in Mauritius, Dominica, Puerto Rico, Vanuatu, Saint Kitts and Nevis, North Cyprus, & more. Get in touch with our specialists here to open your offshore bank account online with ease.
Basic Documents
Free Pre-Assessment
Company Type
No Win, No Fee
4 easy steps for a travel-free offshore bank account
Sit back & relax. You’re only 4 steps away from a seamless offshore bank account opening online.
  Find out in 3 minutes which bank fits your business profile with our advanced Bank Account Success Likelihood Test. 1 FREE bank |  |  Reach out to our professionals for a free consultation in opening an offshore bank account online and see if you qualify for our No Win, No Fee Scheme. 2 Ask our experts |  |  Submit your offshore bank account opening documents via email and let us run a pre-approval test to determine if they meet the requirements for an application to open an offshore bank account online. You’ll receive the results within 2-7 working days, and we guarantee the confidentiality of your information. 3 Application |  |  After we have found banks that match your profile, our team will send you a detailed quotation and an offshore bank account opening service agreement for your approval and signature via email. Once you’ve chosen your preferred bank(s), we’ll schedule a physical or virtual appointment with them. 4 Join bank |
Find the ideal offshore banking partner for your business
Discover the ideal offshore bank account for you with just a click, wherever you are.
3-minute offshore bank account opening success likelihood test
Want to take your business globally with a centralised multi-currency offshore bank account?
Wave goodbye to the hassle of rejected applications and welcome the best banking fit your business. Take our 3-minute test and open an offshore bank account online with ease.
Unlock the secrets to offshore bank
account with our 30-second guide
Are you looking to open an offshore bank account in Hong Kong but prefer to handle it remotely? Watch our 30-second reel here and discover how to open an offshore bank account for your business from anywhere in the world.
Don’t let a rejected application stand in the way of your global expansion.
Why choose to open an offshore bank account?
Learn the key benefits of opening an offshore bank account, from global market access to cost-effective transactions.
Discreet Privacy
Offshore bank accounts are known for their high level of privacy, making them popular with entrepreneurs who want to keep their financial information confidential.
Asset Protection
Safeguard your financial assets by opening an offshore bank account that can help you shield your wealth from legal perils, navigate complex regulations, and maintain secrecy.
Tax Optimisation
Entrepreneurs often choose tax-friendly regions such as Hong Kong and Mauritius to open offshore bank accounts, which can help to reduce their tax obligations.
Multi-Currency Banking
By streamlining global transactions and diversifying your risk portfolio, an offshore bank account minimises currency fluctuations and enhances your business’s financial resilience.
Exchange Rates
Startups opt to open an offshore bank account for fast and low-cost international money transfers with competitive FX rates and a strategic edge over regular accounts.
Higher Interests
With more attractive interest rates than domestic accounts, an offshore bank account empowers business owners to maximise their returns on the account balance.
You can ask us anything
Get your answers quickly by checking out our frequently asked offshore bank account opening questions.
01 | What are the advantages of opening an offshore bank account?
Privacy, protection, and growth are 3 compelling reasons why foreign entrepreneurs choose to open offshore bank accounts. In terms of asset protection, offshore banks provide a high level of privacy, safeguarding financial information and protecting it from potential legal actions such as lawsuits. In addition, offshore bank accounts offer :
- Tax Optimisation – Enjoy a lighter tax load when you open an offshore bank account in a tax-friendly jurisdiction.
- Diversification – Offshore bank accounts enable entrepreneurs to diversify their financial assets and minimise the risks associated with currency fluctuations.
- Competitive Rates – Entrepreneurs can earn more when opening an offshore bank account, offering them higher interest and competitive exchange rates compared to regular banks.
02 | What are the popular jurisdictions for offshore bank account opening services?
Mauritius, Saint Kitts and Nevis, Dominica, Puerto Rico, Vanuatu, and North Cyprus are a few of the most reliable banking destinations for foreign entrepreneurs to have a business account abroad.
However, opening an offshore bank account can be a complex and time-consuming process. That’s why working with an experienced offshore bank account opening service provider like AsiaBC can save you a lot of hassle. Our team offers a free document pre-assessment to determine if your business profile meets the requirements of our partnered banks. Based on the assessment, we recommend enhancement solutions to increase the approval rate of your offshore bank account. Also, to provide you with more bank options, we suggest multiple credible choices for you to consider and choose the one that best fits your needs.
03 | Can I open an offshore bank account remotely?
Absolutely. You can easily open an offshore bank account online from anywhere in the world without the need to travel, with the help of a reliable offshore bank account opening service provider.
At AsiaBC, our goal is to provide international entrepreneurs with a streamlined and guaranteed process for opening an offshore bank account online. Our team of experts combines their extensive knowledge of offshore banking with reliable networks around the world to develop custom-fit applications that meet the bank’s specific requirements. Additionally, we proactively suggest modifications to your e-application to increase your chances of approval for a business account.
If things don’t work out with opening your offshore bank account, don’t worry! We offer a No Win, No Fee Scheme to ensure that you don’t have to pay anything in case we’re unable to provide you with the desired results. Contact our consultants today to learn more about this program.
04 | What additional requirements must I present for offshore bank account opening?
Aside from the standard requirements, providing the following documents can increase your chances of approval for a successful offshore bank account :
- Copies of Certificates of Company Registration, Business Registration, and Articles of Association.
- Proof of identity for directors and shareholders with 10% or more shares.
- A board resolution indicating the company’s intention to open a business account.
- A company website and business plan.
- A bank reference letter.
- An AML file & KYC survey form.
05 | What is the typical timeline for opening an offshore bank account online?
The time it takes to finish offshore bank account opening online can vary based on the internal procedures of each bank. Typically, the process can take anywhere from 1-4 weeks.
06 | What are the bank charges and fees for an offshore bank account?
The fees and charges for an offshore bank account vary depending on the bank and jurisdiction where it is being opened. Generally, the following fees may apply :
- Account opening fee.
- Maintenance fee.
- Monthly service charges.
- Transaction fees (such as wire transfers, currency conversions, ATM withdrawals).
- Overdraft fees.
- Inactive account fees.
- Corporate credit card issuance and replacement fees.
07 | Which banks offer offshore bank account opening?
Several international banks, including HSBC, Citibank, UOB, and DBS, provide offshore bank account opening service. However, determining the most suitable bank for your business will depend on your unique requirements and situation.
08 | Is there an alternative to offshore bank account opening?
Certainly. FinTech (Financial Technology) provides a practical alternative for entrepreneurs who travel frequently or have international business activities. FinTechs are digital banking platforms that offer a wide range of financial services, including offshore banking accounts, global remittances, international payments, and issuance of IBAN and SWIFT codes. While they are not official banks, they offer competitive exchange rates and favourable transaction fees.
Although FinTechs do not have physical branches like traditional banks, they ensure the safety of your monetary assets through their custodian bank partners, who facilitate offshore banking account opening, and are licensed and regulated by the central monetary authority.
Note :
- FinTechs have sanction lists that restrict certain businesses and nationalities from opening a business account. However, compared to traditional banks, FinTechs offer more flexibility in navigating these restrictions.
- To keep your corporate account active, most FinTechs collect account maintenance fees.
09 | Are there any nationality restrictions for directors or shareholders?
Yes, there are. Offshore banks strictly adhere to sanction lists imposed by central banks, and restrictions may vary depending on the bank’s location. Approval for an offshore bank account is assessed on a case-by-case basis.
To increase your chances of approval, AsiaBC’s offshore bank account opening service offers document pre-assessment and develops a custom application based on your company profile to meet our partnered bank’s specific criteria. Our experienced team has established strong relationships with bankers and can recommend tailored banking solutions that suit your needs. We are also skilled at presenting sensitive nationality cases to our extensive network of banks, ensuring all legal requirements are met and maximising your chances of approval for offshore bank account opening.
10 | How does AsiaBC’s No Win, No Fee Scheme work?
At AsiaBC, we’re committed to providing our clients with cost-effective solutions to help them open offshore bank accounts online with ease. The ‘No Win, No Fee’ arrangement is designed to save you time and money while boosting your chances of success.
Our expert consultants will evaluate your corporate documents and propose the bank that’s most suitable for your business. They will then create a tailored application based on your nationality, preferences, and requirements for opening an offshore bank account. Once we receive pre-approval from the bank, you can decide whether or not to proceed with the offshore bank account opening service.
In case we are unable to open an offshore bank account, we guarantee to refund 90% of the offshore bank account opening service fee. Please note that we do not collect fees for rejected applications during the pre-assessment stage.
If you are interested in learning more about our No Win, No Fee Scheme, feel free to contact us via WhatsApp anytime. We would be happy to provide you with additional details.
Note :
- Bank fees incurred at the time of application will be deducted from the total service amount after the pre-assessment period.
Why choose AsiaBC to open an offshore bank account online?
Our team works together to design bespoke solutions for a business account that doesn’t require travel.
1Leading Offshore Spots
AsiaBC has forged strategic partnerships with top banks in Mauritius, Saint Kitts and Nevis, and other leading destinations to find your optimal offshore banking partner.
2Trouble-Free Application
Relax and let AsiaBC take care of everything – we’ll pre-screen your paperwork and create a custom-fit application to guarantee your offshore bank account opening online.
3Savvy Consultants
Our team of smart advisors is dedicated to delivering flexible solutions and premium customer service, ensuring a smooth offshore bank account opening experience.
4One-Stop Outlet
The search is over! AsiaBC offers a complete range of services to meet all your needs, including offshore bank accounts, company setup, ‘0’ tax planning, and much more.
5Wide Network of Partners
You can benefit from AsiaBC’s 13+ years of experience and remarkable int’l partnerships with banks that have helped over 5,000 clients successfully open offshore bank accounts.
6No Win, No Fee Scheme
Experience online offshore bank account solutions with no hidden fees. Plus, benefit from our No Win, No Fee Scheme that guarantees a refund for rejected applications.
Other services we excel at
Global expansion is within your reach with our quality add-ons and all-in-one corporate solutions.
Remote Offshore
Company Formation
Unlock your global expansion potential without leaving your home base. AsiaBC makes it easy to register your offshore business in foreign-friendly, strategic hubs like Hong Kong, Singapore, Seychelles, and BVI. Our one-stop-shop corporate solutions include a registered office address and a local company secretary to handle essential compliance requirements. You can even opt for a multi-currency offshore bank account to streamline global transactions.
With AsiaBC, you can seize golden opportunities beyond borders thanks to our extensive network of connections.
  Donald Lemon |
Sharpen your offshore banking skills with our engaging blogs
Discover the secrets to success in the banking category via our expertly crafted blog.
Which Offshore Bank Is Right for You? Singapore’s Top 5 Business Banking Elites5 min readShow more
Do I need to open a separate bank account for my business?
Many aspiring business owners often wonder whether opening a business bank account is essential. The answer is quite simple: yes, it is. Having a dedicated business bank account helps you manage your finances effectively and ensures the smooth operation of your venture. Benjamin Franklin once wisely noted, “A small leak will sink a great ship,” and this same principle applies to your business as well.
As you venture into entrepreneurship, it’s common to find yourself pondering these questions: “Why is it so important to open an offshore bank account to manage my finances?” “Which bank is the best choice for my business?” “Is it possible to conduct an offshore bank account opening online?” And the never-ending set of worries just goes on.
Your business account serves a greater purpose than simply keeping your profits. It provides you with the opportunity to :
- Boost your professional image. Presenting customers with an account number with your business name enhances their confidence in you and builds trust in the services you provide.
- Streamline your finances. Opening an offshore bank account for your business makes it easier to monitor and keep track of your spending and expenses.
- Avoid tax problems. Offshore bank account opening ensures that your cash flow records are organised and transparent to prevent issues with bookkeeping and audits. Plus, it helps you maximise the benefits of tax optimisation.
Finding a reliable and cost-effective banking partner to open an offshore bank account for your financial needs, be sure to evaluate the following factors :
- Choose to open an offshore bank account with a solid reputation in the industry. It is a reliable indicator of their credibility and trustworthiness.
- Ensure that offshore bank account opening online is easy, and you can conveniently access your funds via physical branches, online banking options, and ATMs.
- Protect your offshore bank account information from fraud with security features like two-factor authentication and encryption.
- Check the fees for opening an offshore bank account, including monthly maintenance, transaction, and ATM fees. Choose a bank with competitive pricing that won’t significantly affect your profits.
- Review the initial deposit required for offshore bank account opening, as it can vary by account type. There are offshore bank accounts that may restrict transaction limits to daily, weekly, or monthly deposit amounts.
- Consider the interest rates offered on deposits when selecting an offshore bank account. If you plan to keep a large amount of money in your account, look for a bank that offers favourable interest rates.
- Look for offshore bank accounts with 24/7 customer service and a personal account manager to provide valuable support on your financial needs.
Choosing the right bank to open an offshore bank account to support your business needs can be challenging. Here are some of the top banks in Singapore that local and international entrepreneurs choose for their corporate banking :
- DBS Bank is well-known for its advanced digital banking services, offering a convenient banking experience for on-the-go business owners. Easily manage your finances and operate smooth transactions through their internet banking and mobile app.
- Oversea-Chinese Banking Corporation (OCBC) offers a robust portfolio of corporate banking products designed for businesses at all stages – from startups to established enterprises and global ventures. These accounts are equipped with digital banking, e-invoicing, cash flow management tools, and bulk payment processing.
- United Overseas Bank (UOB) presents a diverse selection of financial products and business account options catered to the unique needs of different entrepreneurs. UOB accounts have features such as access to global currencies, corporate ATM and cheque book services, and free internet banking.
- Citibank covers a wide range of financial products and services, including consumer banking and credit, corporate and investment banking, and wealth management solutions. Plus, its strong global presence is an advantage for businesses with overseas operations.
- Standard Chartered Bank’s selection of corporate accounts is tailored for entrepreneurs, featuring competitive interest rates and low minimum balance requirements, with free online banking, fund transfers, bill payments and monthly e-statements.
When it comes to offshore bank account opening, certain financial hubs like Singapore and Hong Kong stand out globally for their exceptional stability and operational efficiency, making them highly attractive destinations for businesses looking to open offshore bank accounts with reliable, high-calibre banking services :
- Secure financial environment. Tightly controlled banking systems backed by solid legal and regulatory frameworks ensure the safety and protection of your finances in offshore bank accounts.
- Convenient online banking. User-friendly digital banking tools for opening an offshore bank account allow you to manage your finances efficiently and seamlessly from anywhere.
- Worldwide connectivity. Accessing global financial centres through offshore bank account opening provides convenient cross-border banking.
- Competitive interest rates. Higher interest earnings on savings and fixed-term deposits in offshore bank accounts help your money grow more effectively.
- Diverse banking options. A broad selection of financial products and tools for businesses, including savings accounts, checking accounts, credit cards, loans, and investment opportunities, are available through offshore bank account opening.
Handling business finances can be challenging, which is why most entrepreneurs find it more convenient to use their personal accounts to manage their business’s funds rather than dealing with the hassle of opening an offshore bank account.
Offshore bank account opening services like AsiaBC connect you with international banks, allowing you to open an offshore bank account without going overseas. Online offshore bank account opening lets you save time and money on travel. Our team has deep expertise in understanding offshore bank account opening procedures, the bank’s client preferences and KYC requirements. We thoroughly assess your company profile and create bespoke solutions to increase your approval rate in opening an offshore bank account.
Unleash Your Offshore Potential : The Money Matrix of Singapore Bank Accounts3 min readShow more
As an entrepreneur, it is essential to separate personal and business finances. A dedicated offshore bank account helps manage your company’s funds effectively. Selecting the ideal banking location that aligns with your corporate needs is crucial.
Opening a business account does more than just track company profits. It streamlines the organisation of bookkeeping materials, enhances control over cash flow, and provides accounting experts with detailed financial records essential for tax purposes. Moreover, it projects a professional image valued by investors and suppliers.
Singapore stands as a premier destination for offshore banking, offering a robust financial ecosystem that supports international business expansion. Singapore’s banks are known for their reliability, extensive range of services, and adherence to international compliance standards. The ease of managing funds across borders, coupled with Singapore’s stable economic policies and attractive corporate tax rates, make it a compelling choice for business owners aiming to globalise.
For entrepreneurs looking to broaden their international footprint, securing an efficient offshore bank account in Singapore is a strategic move towards achieving global business success and cross-border financial flexibility. Other popular destinations such as Malaysia, Mauritius, Saint Kitts and Nevis, Switzerland, and the United Kingdom can also help you obtain an offshore bank account for your venture.
Singapore’s Banking Edge : A Strategic Choice in Opening Offshore Bank Accounts3 min readShow more
Entrepreneurs in Hong Kong are looking into offshore bank accounts as an alternative to their HK bank accounts. However, they prefer the flexibility to open an offshore bank account without personally having to travel to other countries.
There are a couple of important things to consider when choosing a country and bank for your offshore bank account opening. One, you need to familiarise yourself with the different types of bank accounts in other jurisdictions, and two, learn the different ways to set it up such as opting for an offshore bank account opening service. In general, other jurisdictions have 4 main types of bank accounts, each with distinct value-added features :
- Personal banking account. The standard bank account for an individual’s everyday use. This is ideal for those who plan to reside in the country and need a local bank account or for temporary residents like those with work or study visas. It offers essential banking needs such as receiving paychecks, paying residential utility bills, and saving money.
- Business banking account. It is designed for corporate entities conducting their business operations. The location where the company is registered may be different from where the bank was opened, as international business transactions are quite common these days.
- Premium banking account. A banking service is often preferred by wealthy individuals who require personalised solutions for managing their financial assets.
- Corporate banking account. The enhanced version of the standard business bank account gives access to added corporate financing services.
Ruling out personal, premium, and corporate accounts, the offshore business bank account is the most recommended option for Hong Kong enterprises.
Hong Kong’s standing as a prime international banking hub, residents and enterprises in the region prioritise banking security and quality of service, strongly preferring to use banks located in major financial centres like Singapore.
Singapore’s banking landscape continues to attract Hong Kong enterprises due to its stability, security, efficiency, and trustworthiness of financial professionals. Remote bank account openings for international companies, including those registered in Hong Kong and offshore locations also became an appealing factor.
Remote corporate account opening in Singapore allows you to complete the application process without travelling to the region, conveniently meeting bank representatives, submitting the required documents, and depositing the minimum account balance of SG$30,000 even if you’re in Hong Kong.
DBS, OCBC, UOB, and RHB are a few of the popular banks in Singapore. However, it might be time-consuming for individuals and businesses to coordinate with them directly. Working with a local Singapore corporate provider with bank account opening expertise can seamlessly identify the best-fit banking partner and simplify the procedure with their established bank relationships, up-to-date client appetite, and pre-approval assessment.
Startup’s Handbook to Business Banking in Singapore : Conventional or FinTech?5 min readShow more
Proactiveness and a strategic approach allow enterprises to secure their ventures with corporate banking accounts that build a strong foundation for their long-term growth and success. However, given the diverse options of financial institutions in the market, finding the right banking partner that aligns with your business goals and needs can be challenging.
Business accounts go beyond simply storing your earnings. Creating a business account gives you access to a variety of opportunities :
- Maintain your cash flow under control by keeping neat and accurate bookkeeping records, ensuring you track all revenue, expenses, payments, and invoices smoothly.
- Making payments under your business name builds legitimacy and trustworthiness, giving your company a professional and credible image that potential investors and suppliers will trust.
- Having transparent and up-to-date financial records allows auditors to generate detailed accounting and tax reports that precisely reflect your business’s income and expenses.
With the banking industry quickly evolving, modern business owners have started to choose digital solutions like FinTech. Here’s a brief overview of what sets FinTech apart from traditional banks and its pros and cons for businesses :
Traditional Banks – These are well-established financial institutions offering a wide range of services, including deposits, loans, bill payments, ATM access, and both online and mobile banking. They strategically maintain branches both locally and internationally to cater to the needs of their clients. Many of these banks also offer offshore bank account opening services for businesses looking to manage their finances globally.
FinTechs – The modern alternative to traditional banking. These platforms enhance and automate services, products, and procedures while providing a secure environment by collaborating with licensed custodian banks and being supported by deposit protection schemes. FinTech companies often facilitate the opening of offshore banking accounts online, making it easier for businesses to oversee international transactions.
Top 3 Traditional Banks in Singapore
- DBS Bank – Known for its expertise in digital banking, providing convenient banking solutions for business owners on the go. You can manage finances and make transactions via internet banking and a mobile app efficiently.
- Oversea-Chinese Banking Corporation (OCBC) – Offers corporate banking products for startups, established ventures, and global enterprises. These vary from digital banking, e-invoicing, tools for managing cash flow, and services for bulk payments.
- United Overseas Bank (UOB) – Provides broad financial assistance and tailored business accounts aimed at entrepreneurs. It features multi-currency accounts, corporate ATMs and cheque books, and free internet banking.
Top 3 FinTech Platforms in Singapore
- Aspire – Enables businesses to handle multi-currency transactions with local and overseas accounts. Enjoy fast, low-fee international payments, virtual corporate cards with cashback, and easy accounting integrations.
- Airwallex – Open local currency accounts globally and automate bill payments. Make international transfers to over 150 countries at interbank rates, instantly issue multi-currency corporate cards, and smoothly sync with your accounting system.
- Wise – Simplifies global payments in 70+ countries with transparent fees and real exchange rates. Seamlessly manage multi-currencies and receive payments quickly in 9 currencies with Wise Business, avoiding high conversion fees.
Setting up a dedicated account for your business is a smart financial choice that boosts your company’s credibility and reliability, providing a solid groundwork for future growth. Whether you need a local or offshore bank account opening service, or prefer to handle your offshore bank account opening online, choosing the right banking partner is crucial to your business’s success.
Is Traditional Bank Out? Find the Ideal Banking Platform for HK Offshore Companies5 min readShow more
Choosing the right banking platform for your business can be a challenging decision, given the range of options available in the market. Relying on a personal bank account to manage your business finances is not the best idea. Instead, opening an offshore bank account can provide several benefits, such as easier expense tracking, receiving payments under your company name, simplifying tax reporting, and building a more credible image with your clients and potential investors.
It’s not always easy to determine which banking platform is right for your company’s needs. Here are some common options :
Traditional Banking – This type of financial institution offers a range of products, including savings accounts, trust funds, business checking accounts, and investment opportunities. However, they often charge various service fees.
Virtual Banking – An online-only bank that offers products and procedures similar to traditional banking. They rely solely on their 24/7 online services for customer interactions, allowing offshore bank account holders to access their accounts anytime, anywhere. However, they can be prone to delays and glitches.
FinTechs – These financial service providers use technology to improve financial products, services, and processes. They are a well-known substitute for traditional banking and connect physical and digital payment methods to link multiple accounts or cards.
While they are not considered banks themselves, FinTechs provide a viable alternative while you are waiting for your traditional business account to open. In Hong Kong, FinTech companies ensure the safety and security of your monetary assets by partnering with licensed custodian banks regulated by the Hong Kong Monetary Authority (HKMA) and covered by the Deposit Protection Scheme.
Consistently, Hong Kong’s Traditional Banks, Virtual Banks, and FinTechs all strive to meet the evolving needs of their clients and enhance the overall online offshore bank account opening experience for the business community.
As you may know, opening a Hong Kong offshore bank account is a straightforward process – simply submit your application along with the bank’s requirements. However, to save time and effort, it is recommended that you consult with a trustworthy local agency beforehand. This can help you determine the success rate of your specific business background and provide guidance on how to increase your chances of approval.
To make the account opening process even smoother and easier, you can discover your business’s most suitable banking partner instantly with AsiaBC’s 3-Minute Bank Account Success Likelihood Test. Additionally, reading more on blogs can help you learn about the essential documents needed for finishing your offshore bank account opening online with flying colours.
Why HK Remains Optimal to Start a Business & Get an Offshore Bank Account5 min readShow more
Starting a business from scratch can be a daunting task, but registering a company in a reputable jurisdiction and financial centre like Hong Kong can be the quickest and easiest option. However, some may wonder if it’s the right time to incorporate in Hong Kong given the current state of the world. Should plans be put on hold?
While global uncertainties may disrupt business plans, there are still plenty of reasons to choose Hong Kong as the ideal business hub. As the saying goes, “crisis creates opportunities.” For instance, the Hong Kong Government has recently introduced several measures to attract foreign investments and has provided significant tax cuts to ease the burden on startups and SMBs, thereby promoting growth in this sector.
Hong Kong is known for its stress-free remote business registration and transparent local compliance solutions, making it one of the most convenient and accessible options for entrepreneurs. Additionally, online multi-currency accounts are well-developed and instantly available at a fair price, making it an ideal time to set up your first business in Hong Kong.
At AsiaBC, we provide a free online assessment to help you quickly get advice on any questions you have about establishing a Hong Kong business. Our specialists can also guide you in opening a multi-currency digital banking account with leading FinTechs such as Airwallex, RD Technologies, Currenxie, WorldFirst, Starys, or Rapyd (Neat), enabling you to conduct business transactions without hindrance.
In summary, despite the current global situation, there are still plenty of reasons for businesses to choose Hong Kong. The Government has implemented several measures to support startups and SMBs, and Hong Kong remains a leading financial centre with convenient and accessible incorporation and banking options, including online offshore bank account opening solutions. With AsiaBC’s remote services, you can easily take advantage of these benefits without even leaving your home.
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