Which Hong Kong bank makes it the simplest to open a business bank account (with American owners and directors)?

Anyone can open a bank account in Hong Kong, whether they are residents or non-residents. Since most HK banks follow the KYC and AMLA laws, it’s a given that they have a time-consuming and complex process. Bank account opening for foreign business owners/directors, such as Americans, may be difficult. Additional documents will be requested for verification and identification.

If your company need a business account in Hong Kong, we can recommend two options:

1. Look for overseas banks like Citibank, JP Morgan, and Barclays that can help non-residents open bank accounts. These banks are working hard to provide new ways for businesses to expand.

2. Engage the services of a service provider to help you with your application. This can save you time and effort because they provide a pre-assessment test to see if your company profile matches the preferences of their linked bank and other compliance processing, as well as suggestions on how to improve the entire application. Hiring a corporate service provider gives you more bank options, such as HSBC, DBS, OCBC Wing Hang, Bank of China, and others, and makes the entire process much easier than doing it yourself. Their positive working connection and experience with needed documentation and procedures will increase your chances of eventually obtaining a business bank account.