Hong Kong’s Professional Corporate Services Provider

  For months, there has been tension in pro-democratic protest in Hong Kong SAR, causing problems among business owners concerned about the safety of the Hong Kong banking industry and the protection of their capital asset, i.e. savings in Hong Kong banks . Long story short, businesspeople and investors alike begin to diversify their investments globally in order to prepare for the chaos in Hong Kong. To protect their wealth, they choose offshore bank accounts, open them remotely, and deposit their savings outside of Hong Kong. Here are three reasons why your offshore company should open a foreign bank account in Singapore. Lower Your Political Risk (As Much As You Can) Nowadays, many Hong Kong entrepreneurs believe that Beijing's political influence poses a significant risk to Hong Kong banking safety (ext. link). You can, however, feel secure by putting a portion of your savings in an offshore bank account that is not accessible to your domestic government. It is a simple way to...

The type of business you will start, your target market, and how the location may help to your firm's success are all elements to consider when registering an offshore company in Hong Kong. If Hong Kong is still on your radar, these are the top three reasons why it should be your next business destination: • Well-known business hub - Provides simple access to a variety of exchange terminals, especially in mainland China. • Attractive Tax System: Corporate tax rates range from 8.25 percent to 16.5 percent depending on assessable profits. Gains tax, withholding tax, and import tax are not collected in the region. • Quick & Easy Startup - With the help of expert service providers, you may start your business in as little as two weeks and have a business bank account . Learn more about Hong Kong Bank Account and how to open an account here: https://asiabc.co/services/bank-account/hong-kong-bank-account-opening-refund-on-no-win/

I. A High-Level Overview Hong Kong has over 71 international banks with a daily FOREX trade volume of 274.6 billion dollars. Being at the heart of a global financial center is an impressive reason. II. Getting Rid of the Old Way of Doing Things Because of the internet and digitization, most businesses have abandoned traditional techniques, prompting many Hong Kong banks to offer virtual banking services. III. What are FinTech and Virtual Bank Accounts? Virtual Banking digitizes banking services and makes them available through the internet to meet the demands of their clients both locally and globally. Their products and services are all delivered via the internet, making them available to all users at any time and from any location. Virtual banks differ from regular banks in that traditional banks have on-site branches and employees with whom customers can engage. FinTech, on the other hand, is a banking alternative that offers business accounts to entrepreneurs who want a multi-curr...

  Opening cross-border bank accounts is a challenge that many small-scale digital nomads face in the market. Managing affairs and traveling to other nations has become increasingly difficult as a result of the worldwide pandemic. Fortunately, Hong Kong's FinTech platform system is still maturing, contributing to the city's rapid growth. As a result, opening remote digital banking accounts has become increasingly popular, as it eliminates the need for applicants to complete bank processes locally. With so many platforms available in the digital age, it can be difficult for business owners and entrepreneurs to select which one will best suit their needs. AsiaBC recognizes the difficulties, and we are here to assist you in developing a good business plan. We've developed a detailed table that explains how these traditional bank account alternatives can help you to register company in Hong Kong bank , so you can quickly select which of these 6 platforms is best for your busine...

The British Virgin Islands (BVI) is a self-governing territory with approximately 60 islands in the Caribbean that attracts multinational businesses due to its thriving economy and is regarded as one of the world’s top financial jurisdictions. The region’s strong points, on which international companies can capitalize, are as follows: Simple and hassle-free company formation Flexible organizational structure Non-compulsory accounting and auditing US dollar acts as the legal currency in the region and can secure a corporate bank account. It does not collect income, corporate, capital gains, or wealth taxes. Hong Kong, like the BVI, has an elite and stable business foundation that attracts international entrepreneurs and investors, making it one of Asia’s most popular business hubs. Hong Kong provides businesses with: A Strategic Location — This is the most appealing factor for entrepreneurs looking to establish a business in the region. It provides them with convenient access to variou...

Assume you are a business owner looking to open a corporate account for your Hong Kong company. Keep in mind that all banks in the region are required to follow the Know-Your-Client (KYC) process when accepting applications in order to correctly filter and establish their applicant’s funds, which may prolong the process. To make things easier for business owners, we recommend looking for a service provider to assist you in applying for a Hong Kong bank account. Some of the benefits of hiring a service provider include: We have relationships with top-tier banks in Hong Kong. Pre-screens your application to see if it meets the requirements of the bank. It saves money and time because it can be completed online.

We believe that different banks offer different benefits to your business, and recommending the ‘best’ bank may vary depending on your preferences. To help you determine a bank that can accommodate your business needs, you must consider the following :: * Number of experience in the industry. This will show the bank’s expertise in handling all types of banking needs. * Accessibility. Whether your business is set up locally or internationally, having easy access to your account through a branch or online banking services allows you to have a seamless transaction. * Minimum deposit. One of the most important factors to consider when opening an account. Different types of business bank account might have different types of minimum deposits. * Service fees. Additional charges might occur and knowing what they are for beforehand is best. * Other services such as 24/7 customer support and bank relationship manager Learn more about Hong Kong Bank Account and how to open an account here : ht...