Banking & e-Wallets
for Hong Kong Companies

Formerly, companies incorporated in Hong Kong were able to open accounts at a number of major local banks. However, in recent years, opening a conventional bank account in Hong Kong has become far more complicated and time consuming.  Currently, only local and/or known customers can easily open  a conventional Hong Kong bank account.

This leaves those establishing a Hong Kong company with two alternatives:

CONVENTIONAL
BANK ACCOUNT 

However useful an e-Wallet account is, there may be situations where a conventional bank account is required. Hong Kong banks are now extremely difficult to open accounts with. You would need to visit the bank, possibly more than once, show your connection to Hong Kong and have no guarantee of success.
Hong Kong companies can of course open accounts outside Hong Kong. We work with banks in Singapore, Malaysia, Mauritius and Cyprus. Our web page at International Formations website gives full pricing information.

TaiPan

We can assist with opening a conventional bank account in the following countries:
  • Singapore
    Singapore probably remains the ideal location to maintain a bank account for a Hong Kong company. As with Hong Kong, requirements have become tighter in recent years and the bank we work with, OCBC, require a detailed reason as to why they (Singapore) should offer banking facilities. At a minimum OCBC will require a local presence (a virtual office which we can offer) together with an explanation as to the company’s intended connection with Singapore e.g. that new business is being sought in the country.
  • Malaysia 
    Our relationship with OCBC (a Singapore bank) enables us to offer banking facilities in Malaysia. The advantage over OCBC Singapore is that the opening deposit is much lower - RM 50,000 and there is no minimal balance requirement to be maintained. The bank also offers multi currency accounts and full on line banking.
  • Mauritius
    Mauritius is one of the few offshore centres still offering banking facilities. We offer 3 banks in Mauritius - Afrasia, ABC and Bank One. In all three cases bank maintenance charges are minimal although the cost of transfers is a little higher than average. Both banks offer efficient Internet banking and in the case of Afrasia debit cards are available in US$ and Euros.
  • Europe
    In Europe we can offer banks in Cyprus and Switzerland. 

How can we help with banking facilities?

We can assist with both conventional bank account and also E-Wallets, including one which is Hong Kong based.
Please contact us for more information.

© 2013 - 2018 TaiPan International & HongKongCompanies.HK are trading names of
Tai Pan Management Services Ltd., Company Service Provider Licence No. TC004077 ,
Registered in Hong Kong. No 1942748.

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