You are too early stage for a Hong Kong business. Based on our experience, we feel getting a bank account in Hong Kong may be too difficult at your stage of business.

You may wonder why this is the case ? As the world gets more dangerous with terrorism and money laundering, banks are tightening up. Law enforcement agencies are chasing down the bad guys, and when they find out a bank allowed these bad people to use their banking system, the agencies fine the banks.

Big amounts of money.

Therefore, banks have responded by making it harder to open a new account. They want to know what you will use the account for, show business proof, and show that you are an experienced business person in this line of business

What Should You Do?

While we hate to break that news to you, we hope you find out sooner rather than later.

Work on growing your business experience, your personal savings, your own personal experience in the industry.

Some strategies:

• Still go ahead with Hong Kong and Operate with Paypal to start.
• Focus on building your audience via a blog, podcast, or video series.
• Build a strong business case and business plan.

Join Our Private Community of Global Entrepreneurs

While you may be a bit disappointed with our survey results – we do this “tough love” to save you time and headaches.

What can you do in the meantime? You can join our Global From Asia private membership forum and discuss with others in your exact situation.

We have regular events you can participate in, and our experts are in the forums to answer your questions and concerns.

Take Action Now!

We hope you take our survey results and use it as motivation! Continue to pursue your dream on this business venture. If it was easy, everyone would do it – take the speed bump and put the petal to the metal!

We hope you consider our members forum, but in the meantime you can also benefit from our library of free blog posts and guides as well as our free podcasts.

To our mutual international business success!