You are on the right track! Your bank account application is on the fence. It may be better to build up more experience and business history before applying for a bank account, but you have a decent shot.

Opening the company won’t be the issue, but there are some risks to getting approved for a bank account based on your survey input.

Why? You may be reading this and saying to yourself “this is just a bank account, it’s not a bank loan!”. Yes, we have heard that reaction over and over again. The reason it is challenging to open a bank account nowadays is that banks are at risk to getting huge fines from government agencies. If the agencies find the bank is allowing “bad people” (money launderers, terrorists) to open bank accounts. Therefore, if you don’t have a solid enough business case, your account may not be approved.

We Are Here To Help

Because you are a “borderline” case, we think you should take extra care in preparing all your paperwork for your Hong Kong business banking application. We can work alongside you in the process and use our experience working with many clients in your situation.

Sound interesting? Great!

Work With Experts You Can Trust

If our survey results haven’t scared you – let’s work together to make a bulletproof application! We have our HKVIP package and you can benefit from:

Full service company setup
Bank account application
Bank application case preparation
Bank account application review by our internal experts
Post application followup and support
Get you started on the right track once your accounts are all good to go!

Check out our sales page to read all the details here at HKVIP.

Every Day Take Actions To MakE Your business A Reality

You’re heading in the right direction. Your business is at a decent level, but keep pushing forward. You may be able to wait a bit longer and grow the business and your experience more before going ahead with a Hong Kong company. Improve the chances of approval during the bank account application – but even if you apply now you have a decent chance at it.

Regardless of what you decide from here, we wish you the best in your international business growth and expansion!

As always, please read and listen to our free resources on our blog and podcast!

And when you’re ready, we’ll of to work with you in our HKVIP service, cheers!