Breaking down the "difficult to open a bank account" tips
2025-1-2
In recent years, there is one thing in Hong Kong that is famous all over the world. What do you think is the difficulty of opening a bank account for companies?
I believe that all of your friends who are doing business in Hong Kong have had the above experience, or have friends around them. Why is it difficult?
Example 1: Banks require customers to have proof of operation before they are willing to open an account, but customers need a bank account to start trading. Example 2: The bank requires the shareholders/directors of the company to have experience in the claimed industry, but many friends are new start-ups or company transformation, and how have experience in the industry to prove? Faced with these contradictions, how to resolve them?
Our company has many years of experience in assisting customers in opening bank accounts. We can provide the following tips. We hope they will be helpful to everyone.
Q1, the company needs to provide proof of operation Tips: If the company does not have actual proof of operation, it can provide emails/communications about business discussions with suppliers/customers, plus a good and convincing business plan; Q2, Domestic customers do not have proof of address Tips: In fact, many domestic and foreign businesses have practice paperless. Some other government documents with addresses can be provided, such as driver's license, tax forms, etc.; Q3. The customer is out of town and it is inconvenient to come to Hong Kong to open an account. Tips: Some banks allow customers to open accounts remotely in other places without having to visit Hong Kong under certain circumstances or when certain supporting documents can be provided.
For questions about company account opening or further inquiries, please feel free to contact us.
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