Opening for bank account in Hong Kong from Switzerland
Switzerland, which is among the most modern countries in the world, is located in a position that can be called the center of Europe. When Switzerland is mentioned, many people think of chocolate and clean cities, but contrary to all these known, Switzerland is a country that has a very famous position around the world with its banking system. The fact that Switzerland has a strong economy has contributed to being one of the leading countries in Europe. The fact that the banking system is so developed allows especially businessmen to expand abroad. For example, it is possible to open a bank account in Hong Kong from Switzerland where you live. Today, thousands of investors and entrepreneurs choose to open a Hong Kong bank account. And regardless of nationality, it only takes a few hours from Switzerland to open a bank account in Hong Kong.
How to open a Hong Kong bank account from Switzerland?
Today, technology has developed a lot and we now need to expand abroad individually or institutionally. For this, there are different things we need to do in financial matters. For example, opening a bank account in one country and in another country. Opening a bank account in Hong Kong from Switzerland may also be a situation that we may need individually or institutionally. Therefore, in this article, we will tell you how to open a bank account in Hong Kong from Switzerland. International banking in Hong Kong is more advanced and somewhat complex than any other bank in the world. We consider the city of Hong Kong to be the financial center of the world and as such, Hong Kong Banks is a little different from other banks in the world. There are some documents you need to obtain when opening a bank account in Hong Kong. These documents may vary depending on whether you have a residence permit in Hong Kong or not. Therefore, we can list the essential documents as follows:
- Passport: The original passport of the country you hold is preferred.
- Proof of residence address: You can use the contract of your residence or a utility bill (water, electricity, natural gas) on which your name is printed. Telephone bills are generally not accepted.
- Income statement: The employment contract you signed with your workplace or your salary account statement is sufficient. If you work as a freelancer, you will need the address of your site and other documents to prove that you are self-employed.
It is useful to obtain these documents both in the language of the country you are in and in the language of the country in which you want to open a bank account. Apart from these, the required documents may vary depending on the bank you want to open an account with. For this, you should contact the customer service of the bank you want to open an account with and ask which additional documents are required.
Is It Difficult To Open A Bank Account In Hong Kong From Switzerland?
Hong Kong is a major international financial centre, integrated with a well-developed bank network and effectively transparent regulations. Other countries are well aware of the international banking reputation in Hong Kong. If you want to open a bank account in Hong Kong from Switzerland, you should learn about it. Whether it's a business account or a personal account, it's still helpful to know Hong Kong's banking system. According to Hong Kong Monetary Authority reports, Hong Kong has more than 70 of the world's 100 largest banks, and about 30 multinational banks have their regional headquarters in Hong Kong. Many foreign and non-resident companies, especially start-ups, often face some difficulties when trying to open a bank account here. Common problems include:
- Due diligence procedure in Hong Kong
- Face-to-face dating, especially during Hong Kong bank holidays
- Long wait for bank approval
- In addition, each bank may apply different criteria when assessing the adequacy of a case.
However, these problems are not valid for mobile applications or internet banking. Do not be afraid of such problems as you will use either of these two methods to open a bank account in Hong Kong from Switzerland. You can open a bank account very easily from Hong Kong, the world's bank city, without a residence or residence permit. It is normal to encounter minor problems. Because even in your own country, opening a bank account often causes you to deal with many problems. Fortunately, these problems are not insurmountable. Some say that foreigners cannot open a bank account in Hong Kong remotely. This is a false rumor. In fact, there are several ways to open a bank account in Hong Kong for foreign customers. They can choose almost anything from the list of Hong Kong international banking apps.