Banking FAQ

Is there a fee for opening a bank account?
The fees associated with opening a bank account involve two parties:
1. The Referrer: namely us, Brilliant Business Centre (BBC)
  Free: If you meet the bank’s online application requirements and complete the application yourself via the link we provide.
  Fee applies: If you do not meet the bank’s online application requirements. In such cases, you will need to engage our Assisted Bank Account Opening Service, through which we will arrange the appointment, facilitate the introduction, and handle pre-approval of your application.
2. The Bank:
  Fees vary depending on the bank:
Can I open a business bank account remotely?

Yes:Provided you meet the bank’s online application requirements and complete the application yourself via the link we provide.
No: If you do not meet the bank’s online application requirements, it will not be possible to open the account remotely.
How long does it take to open a bank account?

It depends on the bank. For Neobanks (Virtual Banks), the process can be completed in as little as 3 business days.
Traditional banks may take longer, typically 2–4 weeks.
What are the advantages of opening a business bank account in Hong Kong?
- Access to multi-currency accounts.
- Efficient international fund transfers without foreign exchange controls.
- Enhanced credibility for your business.
Can a company with only foreign directors open a bank account in Hong Kong?

Yes, but additional documentation may be required, and it’s recommended to use our assistance for a smooth process.