Hong Kong has long term been a hotbed for businessmen with budding business ideas. Incorporation in Hong Kong is quick and easy. Since 2016, HSBC Hong Kong first gradually tightened its commercial account opening requirement, Hang Seng Hong Kong follows. Recently a lot of expats stuck in the corporate bank account opening in Hong Kong after company incorporation. Information or comments about the difficulties of opening a bank account in Hong Kong is everywhere. Based on the cases and experience, we compare and see there are 4 Steps to get a guaranteed HK Corporate Bank Account Even as a Startup: First, Get a Basic Understanding of Hong Kong Bank’s KYC “Know Your Customer Policy” & Anti-money Laundry Policy For expats, they can walk into a random branch in their country and get a clear guidance by the bank mangers there. Within a week, they will get a functional bank account without any abundant supporting documentation or detailed explanation. Well, this is not...
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