Skip to content
Accoplus

Accoplus

Corporate Services and Company Secretary in Hong-Kong

  • About Us
    • Company Directors
    • TECH Experts
  • Incorporation Services
    • Onboarding of Existing Companies
    • Incorporation Services
    • Tax Substance Support
  • Bank Account Services
    • Hong Kong
    • Singapore
    • Macau
    • Private Banking
    • Compliance
  • Accounting Services
    • Accounting & Audit
    • Claiming Offshore Profits
  • Director Services
    • Director With HK Substance
    • Director and Shareholder Nominee Services
    • Director Services – all jurisdictions
    • Director Responsibilities
  • Swiss Corner
    • Swiss Residency
    • Private Banking in Switzerland
    • Protect your Art Collections in Switzerland
    • Swiss Gold coins
  • Hong Kong Advantages
    • Relocation Services
      • Investment Visa
      • Working Visa
  • Contact Us

Tag bank account opening

  • Home
  • Where to open a bank account at distance?
21 August 2020

Where to open a bank account at distance?

By Raphael inBank Introduction Tag bank account opening
August 12, 2020

Where to open a bank account a distance?

The difficulty to even plan for a next trip is considerably impacting new ventures, to open a bank account at distance is sometimes the only solution.

Because of the strict anti-money laundering rules only few banks are offering such services, the situation is impacting the business of corporate services providers and confuse the industry.

We believe offering an account with a Fintech isn’t the best solution, many for the new account holder especially with drastic limitations on amounts for cross-borders exchanges.

Banks accepting to open a bank account at distance, for a Hong Kong company, are located in:

  • Singapore,
  • Mauritius,
  • Switzerland.

Hong Kong banks are not offering the same opportunity and are losing market shares rapidly for these new ventures.

A new company willing to open a bank account at distance is most of the time active in e-commerce and online marketing, these companies are high growth or are disappearing fast.

With a expertise in e-businesses Accoplus delivers perfect compliance reports and promising clients to a short selection of banks. Bank account opening will be completed with the same process than traditional on-boarding, only the last meeting to be held by video conference instead of physically at the bank.

14 August 2020

Offshore bank account opening, a lie?

By Raphael inBank Introduction Tag bank account opening, offshore bank account

Offshore bank account opening is more a keyword for marketing purpose than a reality in 2020.

Opening a corporate bank account for an offshore company is, and hopefully will remain, attractive for many entrepreneurs.

The notion of offshore bank account opening is clearly misleading, because of the Common Reporting Standard and to shorten a long explanation – because your country of tax residence will know about your bank balance.

An offshore bank account opening is (was?) understood as a secretive bank account where to receive undeclared income, and today because of the Automatic Exchange of Financial information the badly advised entrepreneurs will end up with either penalties and/or imprisonment in some countries .

A corporate account for a Hong Kong Company claiming offshore profits is a totally different scenario, a company located in a low tax jurisdiction with local substance is a solution.

Opening Offshore Company is also the same concept as a marketing scam, although everybody has the right to incorporate a company in a so call offshore jurisdiction, a low tax jurisdiction being more appropriate, the concept of offshore isn’t well understood.

Exchanging with your local tax advisor is a must, in many countries the tax authorities will consider the offshore profits as they are: a grossly exaggerated tax optimization.

“Offshore bank account opening” and “opening offshore Company” are keywords used in the search optimization (in short to appear on Google), the target being to attract unaware clients selling an “offshore” solution which will appear very costly in few years.

Business freedom isn’t dead, confidential solutions are implemented everyday by professionals. Paying low taxes is legal.

The world is changing fast, 2020 reality is harsh and the risk diversification is not only a good concept but also a MUST for many entrepreneur.

Forget about offshore bank account opening and search for non-resident bank account opening. Forget Opening offshore company and replace it with low tax jurisdiction company registration. Your entrepreneur’s life will be better!

13 November 2017

Bank Account: How Assessment Works In Hong-Kong?

By Nico W. inBank Introduction Tag bank account opening

Are you planning to move to Hong Kong? Do you aspire to open an offshore account in Hong Kong? Hong Kong has won praise far and wide because of its stable banking and political systems. Its operational independence from Mainland China has given the jurisdiction a unique opportunity to enchant its own path. Read More

17 May 2017

The Best Guide to Banking in Hong Kong 

By Nico W. inBank Introduction Tag bank account opening
bank account hong kong

bank account hong kong

This is a complete guide to opening a bank account in the Hong Kong Special Administrative Region of China. This guide also includes how to apply for a merchant account, credit, and transferring cash from your bank account in Hong Kong. Read More

Accoplus Logo
Telephone: +852 3547 0140
E-mail: concept@accoplus.net
Skype: Chat With Us

Our Office
12/F Bayfield Building, 99 Hennessy Road,
Wan Chai, Hong Kong

From Our Blog

  • Will Covid-19 kill your Hong Kong Offshore Company?
  • Is there a secret recipe to open a bank account in Asia?
  • Picking the right company type in Hong Kong
Newsletter Subscription

Enter your name and email below to receive news and updates about our products and services.

    Copyright © 2019 ACCOPLUS LTD. All rights reserved