Acquiring a corporate account from traditional banks can be a daunting and time-consuming process for entrepreneurs exploring offshore company formation in Hong Kong. However, there are alternative digital banking solutions that offer convenient business transactions and quick setup guidance. If you’re looking to cut down on the lengthy procedures, consider FinTech options like Airwallex, Currenxie, Neat, Statrys, Payoneer, and WorldFirst as part of your offshore company incorporation components. With the help of digital banking solutions, entrepreneurs can overcome the challenges of obtaining a business account and enjoy smoother business operations from the beginning.
This increasing digitalization trend of the banking industry has led entrepreneurs with offshore company registration needs to search for advice on the most suitable alternative banking platform for their business needs. To help you make an informed decision, we have identified the top 6 FinTech options and highlighted their key features :
Airwallex – The go-to solution for customers engaging in international transactions, online or offline. Airwallex has no minimum balance requirement, no opening or monthly fees, and offers multi-currency accounts in HKD, USD, EUR, RMB, and 7+ more currencies. Now take your business to the next level by partnering with an Airwallex-recommended offshore company incorporation services provider like AsiaBC.
RD Technology – The perfect solution for businesses who transfer money locally through FPS or overseas via wire transfer. RD Tech’s wallet-to-wallet transfer instantly sends and receives money. Plus, accessible with currencies HKD, CNY, USD, JPY, EUR, and more. Enterprises from HK, Commonwealth and EU countries or any country providing company registry search are welcome to apply.
WorldFirst – If you’re an Asian company launching a global business from HK, SG, or CN and need a digital banking account within 48 hours, WorldFirst could be your suitable option for completing the entire offshore company formation in Hong Kong. It offers a multi-currency account with HKD, USD, EUR, GBP, and 6+ currencies, with no opening or monthly fees, and no minimum balance requirement.
Currenxie – For business owners looking for an instant domestic account in the EU, UK, US, CA, or AU within 3 days and considering offshore company formation in Hong Kong, Currenxie could be a hot pick. Currenxie also offers a multi-currency account in HKD, USD, EUR, to RMB, and 16+ currencies. The platform is powered by Payout API and the Foreign Exchange Contract (FEC) and approved by the Amazon PSP. Plus, there are no opening or monthly fees and no minimum balance requirements.
Statrys – Designed for business owners who regularly send money abroad, Statrys offers a multi-currency account in HKD, USD, EUR, GBP, and 7+ more currencies, along with excellent customer support. Please note that the director’s passport and business registration certificate are required to open an account. While there are no opening fees for most companies, some may be subject to additional fees based on their incorporation location or company structure complexity. Additionally, there is a monthly fee of HK$88 for unlimited incoming payments, and no transaction limit in your Statrys account.
Rapyd – This FinTech offers a versatile debit card that allows you to manage your business spending online and offline. You can access a multi-currency account in HKD, USD, EUR, and GBP with no monthly fees and no minimum balance. As a solution for offshore company registration in Hong Kong, Neat provides an easy and convenient way to handle your business transactions.