A quick guide to opening a business bank account in Hong Kong

Renowned for its business-friendly environment and strategic position as a gateway to Asian markets, Hong Kong is an ideal destination for entrepreneurs seeking to tap into the vast opportunities in the region.

No matter you’re doing business locally or you need support for international trade – with a Hong Kong business bank account, you can control your day-to-day banking with ease through a full array of digital banking and trade solutions – simplifying your company's financial management and ensuring your business runs smoothly and efficiently.

Banks in Hong Kong offer business accounts or company accounts tailored to your organisation's size and banking needs. Whether you're a small-scale start-up, an SME keen to manage your account electronically or a more established international business that needs advanced banking services, there will be an account solution to match.

For example, HSBC's Business Integrated Account solutions can offer you a range of banking and trade services via a single account, enabling you to manage your day-to-day business banking and investment trading needs with ease.

It's easy to apply to open a business bank account in Hong Kong, with conveniently located commercial banking centres able to provide professional advice on your business banking needs. In some circumstances, remote account opening is also possible.

Once your account is open, you will also have access to advanced online banking platforms and mobile banking apps, literally doing your business banking anytime, anywhere.

Hong Kong is a longstanding international financial centre, attracting businesses from around the globe. No matter how complex your business operations are across China, Asia-Pacific or further abroad, having an HSBC Business Integrated Account will support your business to scale up and trade regionally and internationally.

Companies with Hong Kong business bank accounts enjoy round-the-clock access to a full range of banking services – allowing you to make and receive local payments, set up foreign exchange transactions and more. A single account covers multiple currencies, simplifying your day-to-day business banking and making it more convenient.

You can also make use of their all-in-one banking solutions to monitor your company's financial information and transactions, improving business efficiency. Powerful platforms such as HSBCnet give you a clear picture of your global accounts, allowing you to make payments, conduct account enquiries and carry out FX transactions anytime, anywhere, coupled with digital wallets like PayMe for Business for efficient payment collection.

A Hong Kong business bank account also gives you access to trade facilities, investment trading and cash management, supporting you at every step of your business banking journey.

Additionally, the support of a local banking partner also gives you access to a wealth of expertise on SME and business banking in Hong Kong, offering insights and tips to enrich your decision-making, as well as advice on financial management and maximising your company's cash flow.

To open a business bank account in Hong Kong, you will need to provide some supporting documents when you apply. You will need to bring along these documents, as well as the initial deposit of HKD10,000, to the account opening appointment. The documents required vary for different business types. For details, please refer to our Account Opening Document Checklist.

To open an account, your company will need to provide supporting documents, which vary for different business types. These documents may need to be presented in person during an account opening appointment and typically include:

• Your company registration documents (e.g. Certificate of Incorporation, Memorandum and Articles of Association)
• Appropriate identification documents for each person who will be named on the account

Each bank has its own procedures and timings for opening a business bank account. To reduce the chance of delays, it's advisable to have all the necessary information and documents ready before you apply. You could have your new business account up and running in as quickly as three working days*, depending on your circumstances and the complexity of your business banking needs.

You can usually apply for your preferred business bank account online or download a business banking app to apply remotely. It is possible to complete the entire account opening process online if you meet the requirements.

In some other cases, you may then be invited to attend an account opening appointment at one of our business banking centres, which are located in key commercial districts for easy access, or simply through a video conference.

At this appointment, you will be asked to show your business registration and other identification documents in person. Alternatively, you can call your chosen bank’s business banking hotline to arrange an account opening appointment at your convenience.

Given Hong Kong’s status as an international trading hub, it’s crucial to open a business account with a banking partner who can balance local expertise with an extensive global network. Whether you’re a start-up looking for a straightforward local banking experience or a multinational corporation with more complex banking needs, a business account in Hong Kong lets you stay on top of your money, wherever you are. Many local banks also offer special deals, rebates and welcome offers for customers who are new to the bank, such as these exclusive welcome offers.

For 160 years, HSBC has been where the growth is, connecting businesses to opportunities. At HSBC Commercial Banking, we have a suite of everyday banking solutions to support businesses of all sizes and sectors. With our Business Integrated Account, you can access a range of banking and trade services through a single account. Our digital financial solutions and beyond banking support can streamline your operations, enrich decision-making with market insights, and connect you to the right partners and opportunities for your business’s success.

Here are just some of the types of business banking accounts that we offer:

• HSBC Sprint Account
• HSBC Business Direct
• BusinessVantage

Find out why so many businesses in Hong Kong rely on us for their everyday banking needs by applying to open a Business Integrated Account today.