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Are there any fees for bank account opening?There are two parties involved when opening a bank account:
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The Referrer: Which is us in our case.
Brilliant Business Centre (BBC) does NOT charge any fees for bank account referrals. -
The Bank:
Fees vary depending on the bank: -
Airwallex: No account opening fees are charged. Additionally, exclusive rewards are offered to BBC clients.
https://www.bbcl.com.hk/us/bbcxairwallex - Paypal: No account opening fees are charged.
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HSBC: Charges apply for account opening; however, BBC clients are eligible for discounted rates.
https://www.bbcl.com.hk/us/bbcxhsbc-open-api - OCBC: Charges apply for account opening.
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The Referrer: Which is us in our case.
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Can I open a business bank account remotely?Yes, we assist with remote bank account opening through Airwallex and Paypal.
Traditional banks like HSBC and OCBC are more likely to require face to face application. -
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.
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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.
