Don't be surprised if you know that your business activities can somewhat affect Hong Kong banks’ review of your application.
From our practical cases with clients, most Hong Kong banks are more likely to prefer trading companies. We mean trading companies tend to have a higher chance when applying to open a bank account in Hong Kong. Many trading clients have successfully got their desired bank account opened in Hong Kong with our support team.
Such cases went smoothly as they had supportive business and background proofs and importantly, their business field is not a problem which causes Hong Kong banks to have much consideration like others.
By contrast, candidates who are holding companies seem to be NOT the taste of most banks in this city. If you establish a holding company without any trading activity, and you at the same time cannot provide any concrete evidence to show your outgoing funds, then your application may be OUT immediately.
High possibilities of rejection also come to high-risk business activities. Oil and gas exploitation, precious gems and metals like gold or diamond sales, mining activities are listed as “high-risk”, which may lead you to a higher chance of failure.
Similarly, forex trading or fund management activities are also categorized in the list of business activities with a low likelihood of opening a bank account in Hong Kong, except for some cases where you obtain corresponding business licenses issued by Hong Kong competent authorities.
Many Hong Kong banks have shown their bias towards applications on which the plan of your business expansion to Asia region is well presented. To simply put, it may be easier to get your business bank account in Hong Kong if your company has had or is about to have business connections with counterparties in Asia, especially in Hong Kong and Mainland China.
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Email: tannetinfo@gmail.com
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