How to Open a Business Account in Hong Kong: No Flight Required
If you’ve tried doing it through a traditional bank, you’ve probably hit a wall—complex paperwork, in-person visits, long wait times… and sometimes, no clear reason for rejection. In this video, Axel Firer, Finance Solutions Expert at Statrys, breaks down the reasons why and what you can do.
Opening a business account in Hong Kong still catches many founders off guard. What sounds like a routine step can quickly turn into flights, certified documents, long waits, and rejections with no explanation.
Axel from Statrys breaks down why this happens and how businesses can open a Hong Kong business account without travelling. He explains how compliance really works, why traditional banks ask for so much, and how fintech providers have changed the process by moving onboarding online.
This episode is about understanding your options before you apply, so you choose a provider that fits how your business actually operates, not just how the system used to work.
Key Takeaways
- Why Hong Kong banks still require in-person checks for many businesses
- How online identity verification replaces face-to-face meetings
- The differences between traditional banks, digital banks, and fintech providers
- What to look for when choosing a business account provider
- Common eligibility issues for foreign-owned companies
- Core documents required for a smooth application
- How fully online account opening works in practice
- What makes a remote-friendly Hong Kong business account viable
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