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As we navigate the complexities of 2024, the appeal of Hong Kong as a global business hub connecting to Asia remains as strong as ever. As a Special Administrative Region (SAR) of China, Hong Kong offers a unique blend of economic and legal systems distinct from mainland China. For instance, Hong Kong adopts a Free Trade Policy and experiences less government interference compared to China.
What Are the Required Documents to Open a Hong Kong Business Bank Account?
The documents you must prepare when opening a business account in Hong Kong depend on which bank or financial service provider you choose. Different banks in Hong Kong request varying supporting documents, while most non-bank alternatives may ask you to provide less paperwork.
Here are the commonly required documents you should prepare when applying for a business account in Hong Kong:
- Establishment Documents: Official documents verifying your company's lawful incorporation and registration. In Hong Kong, you’ll need a Certificate of Incorporation and a valid Business Registration Certificate.
- Articles of Association: A mandatory document that sets out a company's internal regulations and governance framework.
- Personal Identification: Copies of photo identification documents, such as passports, Hong Kong identity cards, or driver’s licences, of the directors, shareholders, and ultimate beneficial owners (UBOs)
Core Features | Free | Grow | Scale |
Free international transfers per month (GBP 5 per payment after exceeding the free allowance) | ![]() |
5 | 25 |
Free local transfers per month (GBP 0.2 per transfer after exceeding the free allowance) | 5 | 100 | 1,000 |
Details for SWIFT account transactions | ![]() |
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Account information for local GBP transfers | ![]() |
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Receive USD and EUR payments as if you were a local | ![]() |
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Recurring payments | ![]() |
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Mass payments | ![]() |
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Annual interest earned daily | ![]() |
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Analytics | ![]() |
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Invite unlimited team members | ![]() |
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Manage access within each team account individually | ![]() |
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Expense management | ![]() |
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Expense and payment approval | ![]() |
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24/7 customer support (chat with expert) | ![]() |
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Account management (request a call) | ![]() |
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Connection to company apps and accounting software like Xero, Slack, and QuickBooks | ![]() |
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Business API integrations | ![]() |
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Rewards | ![]() |
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What’s Your Main Motivation for Considering a Side Hustle?
To earn extra income
To save for a big purchase
To gain new skills
To explore a passion or hobby
To build a financial cushion
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