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

In this article

• What do I need to know about business banking in Hong Kong?
• The benefits of having a business bank account in Hong Kong
• What documents are required to open a business bank account in Hong Kong?
• Why choose HSBC for your business 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 whether you’re doing business locally or 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 start-up, a scale-up, an SME keen to manage your account digitally, or a more established international business that needs advanced banking services, there is an account solution to match.

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

Once your HSBC account is open, you'll have access to Business Internet Banking, our advanced online banking platform, and the HSBC HK Business Express mobile app, so you can manage your business banking anytime, anywhere. You're also welcome to visit one of our conveniently located HSBC Business Centres or Commercial Service Centres for professional advice tailored to your business banking needs.

Hong Kong is a longstanding international financial centre, attracting businesses from around the globe. A Hong Kong business bank account also gives you access to payments, financing, global trade solutions and commercial wealth management, supporting you at every step of your business banking journey and trade regionally and internationally.

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

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, convert up to 25 major currencies^## with real-time support, enjoy preferential exchange rates, as well as manage cross-border payments and corresponding foreign exchange requirements in one go. A single account covers multiple currencies, simplifying your day-to-day business banking and making it more convenient.

You can also make use of 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.

To open a business bank account in Hong Kong, 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 of the Authorised Signatories, Beneficial Owners/ Sole Proprietor, Persons Purporting to Act and one Key Controllers^{^^}

For the list of documents required for opening an HSBC business bank account, please refer to our Account Opening Document Checklist.

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.

It's easy to apply online to open a business bank account in Hong Kong. In some circumstances, mobile account opening is also available for owners of Hong Kong-registered companies, allowing you to complete the application and identity verification via a single app.

At HSBC, eligible customers can complete the entire account opening process through our app. The end-to-end mobile account opening solution is fully digitised and paperless, available to owners of Hong Kong-registered companies who hold a Hong Kong identity card, a mainland China resident identity card or a passport issued by one of 14 eligible countries and territories**.

HSBC is one of the first banks in Hong Kong to connect to the Companies Registry via the Hong Kong Monetary Authority (HKMA)’s Commercial Data Interchange (CDI) platform.¹ Through CDI, HSBC can access commercial data on the Companies Registry, including company names and types, registered office addresses, and details of directors.

For limited companies opening a business account through HSBC Business Internet Banking or the HSBC HK Business Express mobile app, about 40% of the required information is pre-filled*** in the application form², making the process seamless and efficient.

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 arrange an account opening appointment online at your convenience.

Just six simple steps and you can open an account in as fast as three days*:

Find out how to open an HSBC Business Integrated Account.

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 helps 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 over 160 years, HSBC has been 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 business banking account types 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.