FAQ

The process generally involves: (1) choosing between a traditional bank or a digital/Fintech account based on your needs; (2) preparing KYC documents for directors and shareholders, company incorporation papers, and proof of business activity (a company website is recommended); (3) a pre-meeting with our director to review your application; (4) attending the bank meeting, in person or via video conference depending on the bank; and (5) CORE following up with the bank until the account is approved. Traditional accounts usually take 1-5 working days, while digital/Fintech accounts can be opened in 2-4 days.

Visit our services: Hong Kong Traditional Bank Account, Fintech / Digital Bank Account

Yes. Through our Fintech/Digital Bank Account service with partners like Airwallex and Currenxie, clients can open a business account entirely via video conference, no travel to Hong Kong required. This is the preferred route for clients based in Dubai, Cyprus, Australia, and European countries. Traditional Hong Kong and Singapore banks, however, generally still require one in-person meeting per regulatory (HKMA/MAS) requirements.

Visit our services: Fintech / Digital Bank Account

Yes. CORE's certified and licensed CPA team provides statutory annual auditing, financial statement preparation, tax filing with the Inland Revenue Department, management accounting, and treasury services, so your company stays fully compliant after incorporation and bank account registration.

Visit our services: Accounting & Auditing Services

The minimum requirement is one director and one shareholder. It can be an individual person or corporation from any country. A local Hong Kong resident is Not required to act as director. Minimum one of the director is a natural person according to the new law on 3rd March 2014. You will need to have a local Hong Kong resident or Company to act as your secretary, our CORE would help you to fulfill this requirement and legal filing.

There are two types of bank accounts now. (A) Traditional bank account (like as HSBC bank, Standard Chartered Bank, Bank of China etc) These traditional banks require a meeting with the company director in person in Hong Kong to open the account. We would guide you of the bank requirement before the bank meeting. We shall also discuss with you of the bank meeting agenda and discussion details. Our director will accompany you to attend the bank meeting altogether. (B) Online bank account (Currenxie or Statrys) This is new generation of bank account. All the application can be process by electronic and it does Not require meeting with director or shareholder physically in Hong Kong.