Your Business Account in Hong Kong 🇭🇰

Yes, foreigners can open a business bank account in Hong Kong. However, the requirements and procedures may vary between banks. Generally, you will need to provide business registration documents, identification for the business owner(s), proof of address, and meet any additional criteria set by the bank.

If you are not yet ready to set up a business in Hong Kong yet, consider MultiPass multi-currency account for simple payments in HKD and over 70 other currencies.

In most cases, opening a business bank account in Hong Kong as a foreigner will require visiting the bank in person. However, some banks may offer online account opening services, but additional verification steps and requirements may be necessary.

The good news is that you don't have to go to Hong Kong to transact in HKD. MultiPass multi-currency IBAN lets you hold, receive and send Hong Kong dollars and comes with 100% online onboarding.

Typically, opening a business bank account in Hong Kong as a foreigner would require visiting the bank in person. Online account opening from overseas is generally not available due to the need for in-person verification and compliance with regulatory requirements.

However, you don't need a local HK bank to start sending or collecting payments in HKD. Consider MultiPass multi-currency IBAN with fully online onboarding.

The timeline to open a business account in Hong Kong can vary depending on the bank and the completeness of the required documentation. Generally, the process can take two to three weeks, but it's best to check with the specific bank for a more accurate estimate.