What Is The Procedure For Opening A Bank Account In Hong Kong?

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If you’re an owner of Hong Kong company who needs a business bank account for a new or expanding business, be aware that the process might be laborious and time-consuming because all banks utilize the Know-Your-Client (KYC) process.

To open a business bank account, applicants must submit the necessary business paperwork for review by the bank, and if they meet the requirements, an interview will be scheduled later.

In this case, businesses looking to open a bank account in another nation seek assistance from service providers to save time and money on trips back and forth, or they choose for FinTech accounts for a speedier and more seamless process.

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