We can assist with opening a conventional bank account in the following countries:
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.
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 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.
In Europe we can offer banks in Cyprus and Switzerland.