Recent content by abchongkong

Rating which country is more willing to open a bank account for foreign entrepreneurs will vary depending on their internal regulations and policies. Knowing how each of these regions treats international applications can help you evaluate which jurisdiction works best for your venture when...

Foreign entrepreneurs trust EMI or FinTechs in Hong Kong since they are under the monetary protection of regulated licensed custodian partner banks. However, recommending a good EMI provider for your business banking can vary depending on your needs. Each of them offers a variety of products...

BVI has a fine reputation as an offshore jurisdiction, while the bank account will rely upon your business nature and the countries you are dealing with. The cons will depend on your company's needs, but one main weakness is that currently they don't have the same access to banking solutions as...

Yes, because of Hong Kong's well-established system for foreign directors and the extremely low profits tax rate for the first $2 million of assessable profits (i.e., 8.25 percent, which is amongst the lowest in the world), incorporating a company in this place is a reliable option for int'l...

Airwallex and Currenxie are not technically exclusive to Hong Kong companies. Still, if your business is a Hong Kong company, these two platforms will give you a higher chance of account approval. Kindly note that Airwallex and Currenxie do not support incoming and outgoing payment requests to...

Hello, may I confirm are you referring to Singapore Banks or FinTech account?

Some entrepreneurs I know have considered opening a FinTech account in Hong Kong, particularly Airwallex and Currenxie. Most of their operations are general trading, e-commerce, and import and export. What prompted them to open such an account? According to my experience, the most welcome...

The greatest places to start an e-commerce business are the United Kingdom, Singapore, and Hong Kong. Despite the uncertainties surrounding Brexit, the United Kingdom remains one of the most significant places to establish a business. Regarding ease of incorporation, forming a company in the...

If the company's directors are not in Hong Kong, opening a bank account is not viable. But opening your account in Singapore banks could be the best and most feasible option as they enable remote opening. Singapore banks allow Hong Kong and BVI firms to open traditional bank accounts. UOB, OCBC...

In your case, incorporating a company in Hong Kong could be a good option for you to have a variety of banking options. Hong Kong has one of the most business-friendly tax systems in the world; it also has a convenient and well-established monetary and regulatory system for foreign directors...

Both Hong Kong and Singapore are good options as your start-up gateway to incorporate (i.e., setting up a HK or SG company). While a certain no. of entrepreneurs treat Singapore as a nice replacement nowadays, Hong Kong still enjoys its absolute advantages such as the 8.25% profits tax rate -...

Since your company is based in Hong Kong, I recommend opening your account with EMIs / FinTechs like Airwallex or Currenxie as a quick solution for your business to start global transactions handily. These FinTech companies allow you to open an account from the comfort of your own home. Apart...

I would recommend opening your company in Hong Kong because of its convenient and well-established system for foreign directors, and also the extremely low profits tax rate for the first $2 million of assessable profits (i.e., 8.25% which is amongst the lowest in the world). There are various...

It is already 2022, yet opening a bank account in Hong Kong cannot be done remotely. But if you are looking for a conventional bank, you can try other jurisdictions that will meet your needs like Singapore. Before deciding which jurisdiction you will proceed with, you'll need to identify your...

Opening a bank account in Hong Kong requires the director to have a physical appearance in the branch. For that reason opening an EMI / FinTech account could be the best alternative way in today's environment (at least your company can use it as a quick backup solution while waiting for a...