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Hong Kong is among the regions in the world that can be regarded as a top financial center. Hong Kong has one of the highest numbers of banking institutions in the world. Also, three-quarters of the world’s biggest banks have branches in Hong Kong. 
Foreigners, both resident in Hong Kong and non-resident in Hong Kong, can choose several different types of accounts from different banks for their banking needs. 
Best of all, restrictions on setting up accounts in Hong Kong are lower than that in the United States, UK, and Europe.
Opening a personal bank account with deposit of less than USD 3 million is not possible in Hong Kong anymore. The setup of a Hong Kong company is therefore the best option to maintain your financial freedom in such a secure environment.
1. Banking sector in Hong-Kong
2. A nonresident foreigner can open a bank account in Hong Kong but…
3. Our experts can help non-resident to open a bank account in Hong Kong - Success rate is 99%
1. Banking sector in Hong-Kong
The banking sector in Hong Kong employs a three-tier classification. This means that some international banks are restricted from providing bank services, even to foreigners.
The major banks providing banking services to foreigners and non-residents include Standard Chartered, HSBC (The Hong Kong and Shanghai Banking Corporation), Hang Seng Bank, the Shanghai Banking Corporation and Bank of China.
The aggregate number of banks in Hong Kong is above 200 from about 30 different countries. You have a wide variety of banking institutions to select from when opening your non-resident Hong Kong bank account.
What you need to know
First, You have to be in Hong-kong to open you bank account. Majority of the Banks in Hong Kong open 6 days a week, from 9am to 4.30pm on weekdays, with the exception of Friday when banks usually close by 5pm. On Saturdays, many banks close off shop by 12.30 pm.
Most of the bank branches with English-speaking staff are located in Central and in places with a high concentration of foreigners for example Causeway Bay, Tsim Sha Tsui, and Wan Chai. Foreigners without knowledge of the local language can locate these bank branches and they are sure to get service from English-speaking bank staff.
Most banks in Hong Kong have account maintenance fees, usually levied semi-annually. Also, you may be charged when your account balance becomes lower than a pre-agreed level. You should also be aware that outbound transfers may come with some charges, likewise standing orders and closing your account before the expiration of a stated period.
Some banks give out credit cards with a charges-free grace period, where charges only apply after a certain period.
Please note that Hong Kong Dollar is the currency used by Hong-Kong banks. Also, Interest earned on bank deposits is not subject to tax (interest rates below 1 percent).
2. A nonresident foreigner can open a bank account in Hong Kong but…
Personal bank account - By yourself: Success rate is 10%. Anybody can open a bank account in Hong Kong, whether resident or non-resident. In Hong Kong, non-residents only need to present proof of a home country address in order for a bank account to be opened on their behalf. Foreigners not resident in Hong Kong and looking to open a non-resident bank account in Hong Kong can do so by contacting the bank they want to open an account with. You can get a list of Banks in Hong Kong by searching the internet or going through financial periodicals from Hong Kong. Your particular preferences should guide your choice, though it is important that you carry out adequate research before settling for a bank. You should be aware of things like the minimum opening deposit and the KYC standards of the institution you choose to bank with. You should ensure that you are able to meet up with these special procedures before attempting to open a non-resident bank account in Hong Kong.

If your request is refused, you cannot try again to open a bank account in the bank you’ve selected 

Upon settling for a bank of your choice, you will have to contact the bank directly and request for an account to be opened for you. You will be required to provide a physical home address. The home address will enable the bank to exchange correspondence with you and will also serve as a proof of address, in the event that you do not intend maintaining a permanent residence in Hong Kong. If you decide to open your account in person, you will need to provide some form of identification, for example, an international passport or a Hong Kong Identity Card (HKID). You will also be required to produce some documentation evidencing your home address, usually a utility bill.
Corporate bank account - By yourself: Success rate is 5%. Client information typically requested to open a Hong Kong corporate account include: A detailed business plan with information on and evidence of products and services mentioned in the application. Examples of contracts and invoices generated by and for the newly-incorporated company to support the offshore account application. Recent proof of address of the bank signatories (in English) to accompany the application. Passport copies of bank signatories; a bank reference letter for the bank signatories. An ordinary cash account can be opened within a day or two. Special accounts that provide you with ATM or credit card facilities may require a longer duration (1 or 2 weeks). Using your ATM and credit cards are usually free of charge, though you may incur some charges when withdrawing cash from another bank’s ATM.

3. Our experts can help non-resident to open a bank account in Hong Kong - Success rate is 99%.

It is always easier to employ the services of an expert to help you with information on these special requirements and help you scale through them. You should know the rules that apply to maintaining a bank account in Hong Kong, especially if you are non-resident. For example (one among numbers), it is advisable that if you do not intend using your Hong Kong bank account for a long period of time, and if it is not a fixed deposit account, you should pull out the money from the account and transfer to a bank account in your home country or any other country… Our experts know how to obtain a success rate of 99%. They know the best processes, the best banks to safe your money in and all the new rules to open a bank account in Hong Kong for a non-resident. Hong Kong is one of the safest and easiest places to bank. Domiciling a bank account in Hong Kong remains very attractive, especially to a non-resident foreigner. You will not go wrong with a Hong Kong bank account. However, you need to know the rules that apply to operating a Hong Kong bank account and be able to comply with them to ensure a hitch-free experience. A professional and knowledgeable financial advisor can always help you in this regard.
Should you have any enquires about Bank Account Opening Service, please complete the form below and we will reply to you soon.

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