Updated: Mar 30, 2020
Since year 2016, we heard a lot of complaints from clients experienced a hard time in opening a basic corporate bank account in Hong Kong; some of them even being rejected, wasting time and money.
YES, compare to 2013 or before, this is a million times harder to open a basic bank account in Hong Kong nowadays. Simply take a look of the current corporate bank account opening application form of Hong Kong HSBC (with 38 pages long form):
Click the icon "Business Integrated Account Opening Form (PDF, 1.81MB)"
Hard is NOT impossible, and we simplify it for you!!
Yet, facilities provide by Hong Kong banks, such as online e-banking, multi-currency account, good reputation, etc. still make it attractive to tolerant the pain.
This article is to provide you some tips and tricks to ease the pain on opening a basic corporate bank account in Hong Kong. The better you understand, the more confident you can handle the case.
Regarding corporate bank account application in Hong Kong, two (2) IMPORTANT facts that you MUST bear in mind: the 5 rules to prepare a bank account opening application
This is how you can help the banker to fulfill his due diligence duty of a corporate bank account application in Hong Kong