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Hong Kong - are things easier now?

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Vaios01

New member
Hi,

Prior to COVID it was near impossible to open a bank account in Hong Kong.
Are things the same now or have they become more flexible seeing as they had such an outflow of capital. Do they allow virtual setups now? easier process than before?

If not, what recommendations do you have for banking these days?
EMI or Offshore account is perfectly fine.

It is for a client of mine who is an exporter of leather goods mostly across Asia.
It is a simple clean business.

Thanks for the help
 

Vaios01

New member
Didnt know about Statrys thanks. Heard bad things about NEAT previously - closing accounts randomly and unable to get funds out. Not sure if that is still a concern.
 

Fulton Abraham Sanchez

Silver Member
BANNED MEMBER
Hi,

Prior to COVID it was near impossible to open a bank account in Hong Kong.
Are things the same now or have they become more flexible seeing as they had such an outflow of capital. Do they allow virtual setups now? easier process than before?

If not, what recommendations do you have for banking these days?
EMI or Offshore account is perfectly fine.

It is for a client of mine who is an exporter of leather goods mostly across Asia.
It is a simple clean business.

Thanks for the help
Antigua bank account will be OK for this type of business. PM for info.
 

daxbr

Entrepreneur
Hi,

Prior to COVID it was near impossible to open a bank account in Hong Kong.
Are things the same now or have they become more flexible seeing as they had such an outflow of capital. Do they allow virtual setups now? easier process than before?

If not, what recommendations do you have for banking these days?
EMI or Offshore account is perfectly fine.

It is for a client of mine who is an exporter of leather goods mostly across Asia.
It is a simple clean business.

Thanks for the help
Possibly a healthy response to: US sanctions 7 Hong Kong liaison office officials
 

JFP

New member
Didnt know about Statrys thanks. Heard bad things about NEAT previously - closing accounts randomly and unable to get funds out. Not sure if that is still a concern.
Agree that Neat is a complete joke. Got my account closed for no reasons and no explanations. They left me three months to remove the funds so that’s ok.
 

Absol

Learner
Mentor Group Gold
I'm still at the beginning of my studies, walking slowly, and I haven't looked much to the eastern side yet, I wanted to understand more why Hong Kong is interesting, I've seen it here a few times and it always arouses curiosity, it's not a risk with Chinese control in up?

The intention is to use services only in the east, or it makes sense for the west as well. I imagine I'm asking very ignorant questions, but it arouses my curiosity and I'm not sure where to start to understand Hong Kong in relation to offshore.
 

GiGoGo

I make things happen
Entrepreneur
I think that after the pandemic, they are going to pump big money in HK to make it shine. CCP needs to make it cool to teach the world (specially their biggest trading partners) that their system is the best

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