Business China

Difficult to Open HK Business Bank Account? Easy Now!

+86-020-2917 9715
In recent years, with the rapid development of international trade and the increasing frequency of overseas capital flows, many entrepreneurs choose to set up Hong Kong companies and use convenient Hong Kong banks to expand overseas markets. 

However, against the backdrop of the growing demand for opening a business bank account in Hong Kong, many HK banks have tightened the opening requirements and substantially increased the review threshold, resulting in the surging difficulties in applying for the business bank accounts in Hong Kong. 

The main reasons for the difficulties in opening an account are as follows:

First, opening procedures and documents could be extremely cumbersome and difficult without a detailed guidance. 

Opening an account in Hong Kong is a complicated process with long-time waiting, and many additional documents are required to be submitted, which are very inconvenient for China mainland and overseas customers. Especially when they choose to drop by one of the banks without a detailed guidance based on their business mode and practical situation ahead of time. 

Second, international anti-money laundering and anti-terrorist restrictions.

Since the aggravation of the flow of foreign capital, many criminal groups are also get involved to conduct criminal activities. In order to assist in fighting international crimes, banks have to follow the international anti-money laundering money counter-terrorism requirements and require stricter internal compliance audit, or even simply avoid income contribute less customers, to reduce the risk of the banks themselves.

Third, the self-cost control of the bank itself. 

Many small and medium-sized enterprises have registered Hong Kong companies just to take advantage of Hong Kong's financial system to receiving payments, which only leaving thin benefits for the banks themselves. High costs to managing and maintaining an account have pushed the banks to conduct a strict survey on the client’s business backgrounds, resulting in an extremely low passing rate. 

Fourth, strict control policies supported by the local government. 

The Hong Kong monetary authority issued more strict regulations than before, and banks need to cooperate with the government to shoulder regulatory responsibility to avoid tax evasion and capital flight. 
Banks will be responsible for tax evasion and capital flight. So Banks must raise the threshold to avoid their own risk.

It is precisely these above four reasons that make it extremely difficult to open an account in Hong Kong banks, so it is very important to choose a professional and efficient agency. 

High quality agency services will greatly improve your opening success rate, for example, we will use our professional guidance and banking resources to ensure that your account can be successfully opened in Hong Kong.

We will provide professional advice to customers and let customers know their own situation and help to prepare for the opening of accounts.

Here we have compiled some relevant information about Citi bank account in detail, so that you can clearly understand the bank account opening and lay a solid foundation for the successful opening of the bank account. 

Documents for opening the bank account: 

Directors and Shareholders’ personal document:

Passport original / ID

Hong Kong Visa 

HK Entry white note

Living address 

Hong Kong company document:

Business Registration Certificate (BR)

Certificate of Incorporation (CI)

Article of Association (A&A)


Instrument of Transfer

Business proof document:

Business license 


Bill of Lading 

Bank Charges:

Charge for account information checking: HKD 600 (the day of opening the bank account)

Instant deposit: HKD 5000 (after opening the bank account)

Monthly minimum deposit: HKD 5000 

  • James Oliver "True professionals, very helpful and dedicated. Your support team is fantastic."
  • Robert Gatti "Our advisor was brilliant and we were given more help that we knew we needed. What I liked most about Business China's service was the prompt and businesslike approach.It helped us dramatically. At a...
  • Vivian Belfanti "Quality work and friendliness is why I chose to work with Business China. Business China is organized very easy to work with."
  • Tim Orchard "Thanks to Business China’s professional guiding and efficient processing about company incorporation and VAT refunding, our new entity in Guangzhou already step into a virtuous circle. I have to say...
  • Victor Declety "Business China allows us to focus on our customers instead of being tangled into enterprise level business incorporation and maintance."
  • Ben Hunter "Business China is helping people who don't necessarily know how to connect your current business with the booming Chinese market and how to lay out your 'China Dream' here specifically. It has been...
  • Daniel Wong "A great customer experience! The flexability and speed of response from the account manager, as well as the quality of the service process was exceptional."
  • Stacey Morris "Businesss China has been superb. Their customer service is great. The guys there respond very quickly and go above and beyond that help."
  • M. Salem Having real-time information allows us to deal with issues immediately before they become problems.We are satisfy with Business China.
Request a Proposal

Drop Business China a quick message to let us know about your incorporation needs.