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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: 

  1. 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.  
  2. Articles of Association: A mandatory document that sets out a company's internal regulations and governance framework.
  3. 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) no 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 yes yes yes
Account information for local GBP transfers yes yes yes
Receive USD and EUR payments as if you were a local

yes yes yes
Recurring payments

yes yes yes
Mass payments

no yes yes
Annual interest earned daily 

no no no
Analytics no yes yes
Invite unlimited team members yes yes yes
Manage access within each team account individually no yes yes
Expense management yes yes yes
Expense and payment approval no yes yes
24/7 customer support (chat with expert) yes yes yes
Account management (request a call) no no no
Connection to company apps and accounting software like Xero, Slack, and QuickBooks yes yes yes
Business API integrations no yes yes
Rewards no yes yes
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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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Reviewed by
Béatrice Ozanne
Fact checked by
Bertrand Théaud

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