Accountant Explains: How to Open a Business Bank Account for Foreign-owned Company?

Looking to open a business bank account in Hong Kong for your foreign-owned company? 🌏 You're in the right place! Whether you're setting up a Hong Kong company as a non-resident or operating from abroad, this video will guide you through the entire process.


Hi, I'm Raymond, a qualified accountant based in Hong Kong and co-founder of Reachtop. We specialize in helping international clients navigate the complexities of setting up and maintaining their Hong Kong companies, including opening business bank accounts.


In this video, I'll break down everything you need to know about opening a Hong Kong business bank account as a non-resident, covering:


• What types of Hong Kong companies are accepted by banks 📊
• How to start the application process for a Hong Kong bank account 🚀
• Expected timeline for opening a Hong Kong business bank account ⏳
• Required documents for KYC when setting up a Hong Kong bank account 🗂️
• I’ll also share essential tips on how to maintain your Hong Kong bank account to avoid any issues, helping you keep your business running smoothly.


📌 Who is this video for?
• Non-Hong Kong residents without HKID cards
• Entrepreneurs not living in Hong Kong, including digital nomads
• Businesses without a physical presence in Hong Kong (fully remote, no office, no employees)


Why Hong Kong?
Hong Kong is a global financial hub, making it an ideal location for international businesses. Learn why setting up a Hong Kong company and opening a Hong Kong bank account could be the best decision for your business.


▶️Related Videos:
Different Banking Solutions in Hong Kong:
https://youtu.be/Bu66_YE6fM4?si=uIDmearqpYfSxVIp

Why Set Up a Company in Hong Kong?:
https://youtu.be/9BIpNFNUlAw?si=bzYUpUMxcqpDVkqH


❓Need Help?
If you found this video helpful, please give it a thumbs up 👍 and consider subscribing for more content on Hong Kong company setup and business banking. Have questions or need personalized advice? Book a FREE consultation call using the link in the comments below—I'd be happy to assist you!


Thanks for watching, and I’ll see you in the next video! 🙌


🎞️Chapters:
00:00 Introduction
01:38 Types of business the banks accept
02:01: How to kickstart application?
03:27 Timeline for application
04:17 Necessary documents required
06:35 Tips 1: Consistency
07:14 Tips 2: Retail transaction issues
07:47 Tips 3: Crypto transaction issues
08:00 Need Advice? Book me a FREE consultation call
08:30 Outro & Recommended videos


#HongkongCompany #BankAccount #DigitalNomad

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#How_to_Open_a_Business_Bank_Account_for_Foreign-owned_Company? #How_to_Open_a_Business_Bank_Account_for_Foreign #How_to_Open_a_Business_Bank_Account_for_Foreigner #hong_kong_bank_account_opening_for_foreigners #Opening_the_foreign_owned_business_bank_account #Opening_the_foreign_owned_business_bank_account_in_hong_kong #how_to_open_a_business_bank_account_for_foreign-owned_company? #account_explains #hong_kong_business_account #offshore_company_hong_kong #hk_bank #hk #2024

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