Had anyone used banking service of bbcincorp.com?

[Mia Marie]

I had paid for setting up HK company for bbcincorp, no problem.
But i heard that it's difficult to open bank account in HK nowaday.
They do not guarantee to open bank account.
Anyone has any experience with them?
I want to use merchant account also, is there any bank in HK support merchant account?
Thank you.

 

[James Turner]

HK Banking is not especially difficult if you fit the criteria. As long as you can demonstrate substance in HK itself with offices, staff and a good reason for actually banking there then opening an account should not be an issue. If you cannot do this, expect difficulties.

 

[Mia Marie]

HK Banking is not especially difficult if you fit the criteria. As long as you can demonstrate substance in HK itself with offices, staff and a good reason for actually banking there then opening an account should not be an issue. If you cannot do this, expect difficulties.

Thanks.
You mean i must have real office in HK to get bank account.
it's very expensive to hire a office in HK, you know.

 

[DeepDrilling]

You can't get a bank account in Hong Kong unless you are going there. At the moment I believe it's not a place to stay for any time.

 

[clemens]

Thanks.
You mean i must have real office in HK to get bank account.
it's very expensive to hire a office in HK, you know.

How is it going for you and your Hong Kong setup did you went further with it or did you find something else?

 

[Mia Marie]

How is it going for you and your Hong Kong setup did you went further with it or did you find something else?

BBCI had arranged a meeting for me with HSBC HK but i can not come because of riot in HK, it's crazy.
I agreed to open bank account in Singapore instead.
Good points that they did not charge additional fee for SG and arranged a meeting at my city.
But i still can not use merchant account.
Hopefully Hk will be more safe 'cause i still need merchant account.
I heard about Neat in HK? Is that safe?

 

[Mia Marie]

You can't get a bank account in Hong Kong unless you are going there. At the moment I believe it's not a place to stay for any time.

Sure, HK is crazy now.
You don't want to come HK now for safety.

 

[zeytin]

How hard to open a bank account in SG for a HK limited company?

 

[James Turner]

SG Banking for A HK company is possible. Again a personal visit is required to complete the process.

 

[zeytin]

SG Banking for A HK company is possible. Again a personal visit is required to complete the process.

I heard SG banks asking pretty high initial deposits or avg balance requirements
Citibank 300k usd
UOB 100k usd
DBS 50k usd
OCBC 30k usd.

OCBC is the most reasonable one but I doubt they'll open bank account for non-chinese people or if your business is not related to China (import/export?) but I could be wrong. When I visited Bank of China in Singapore for a personal account, they told me they don't open account for non-chinese.