There are multiple banking solutions available in Hong Kong, at both traditional and virtual banks. Learn how to choose the right solution for your company.
There are multiple banking solutions available in Hong Kong, at both traditional and virtual banks. Learn how to choose the right solution for your company.
Many businesses and entrepreneurs have become fully aware that since the last couple of years, it has become rather difficult either to maintain & keep their Hong Kong corporate bank account open and alive or even simply to apply for a Hong Kong corporate bank account. Despite providing the banks with the requested information or… Continue reading Corporate Bank Accounts Closures
Tax evasion and money laundering have been major concerns to most of the governments for years. In order to strengthen the control over money laundering activities through the banks, the Hong Kong Monetary Authority (the ‘HKMA’) has recently requested the banks in Hong Kong to closely look into their clients. In particular, the bank’s clients… Continue reading Money Laundering Controls on Banks
With the increasing reliance on financial technology (often shortened to fintech), traditional banks are no longer the only option for opening a bank account. Instead, thanks to the developments in fintech, people now can open business bank account with a virtual bank provider. Currently, Hong Kong has 8 virtual banks and a growing number of… Continue reading Are Virtual Banks a Viable Banking Solution?
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