How does one establish a bank in Hong Kong?

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If you are a new or expanding Hong Kong company in need of a business bank account, you should be aware that the process can be difficult and time-consuming because all banks adhere to the Know-Your-Client (KYC) protocol.

Candidates must submit the necessary business paperwork for the bank's review in order to open a corporate bank account. If the candidate meets the qualifications, the bank will set up an interview.

In this case, corporations seeking a bank account in another country seek assistance from service providers to save time and money on flights back and forth, or they opt for FinTech accounts for a faster and smoother process.

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