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Corporate Accounts with Asian Banks and EMIs
We find a bank or fintech platform in Asia that fits your company and guide you through KYC. This suits companies in Singapore, Hong Kong and other jurisdictions that need a working account to pay and get paid by Asian and international counterparties.
A business bank account in Asia makes sense when your suppliers and customers are in the region, when you settle in several currencies, or when European banks are not willing to serve your structure. The choice is wide: traditional banks in Singapore and Hong Kong, digital banks, electronic money institutions (EMIs) and fintech platforms. Each has its own rules on where the company is registered, where the owner lives, what the business does and what volumes it moves.
We start with your profile and build a short list of options that actually work with it. Then we prepare the KYC pack: company and owner documents, a business description and proof of source of funds. We stay with the application until a decision. The bank decides, but a well-prepared application means noticeably fewer follow-up questions.
Who it is for
- Companies in Singapore and Hong Kong that need a first or second account
- Trading companies that work with suppliers in China and Southeast Asia
- Businesses that need a multi-currency account
- Companies that European banks have turned down
- Owners choosing between a bank and a fintech platform
Requirements
- A registered company with up-to-date documents
- A transparent ownership structure and details of beneficial owners
- A clear description of the business, counterparties and volumes
- Proof of source of funds
- The bank or platform makes the final decision on the account
What we do
- Review the profile of your company and its owners
- Shortlist banks and fintech platforms that accept your jurisdiction and country of residence
- Collect the documents and build the KYC pack
- Write the business description and the source-of-funds explanation
- Support the application and answer the bank's questions
- Offer a backup option if the application is refused
Key documents
- Incorporation documents and a register extract
- Passports and proof of address for directors and beneficial owners
- Description of the business, counterparties and planned volumes
- Contracts and invoices with customers and suppliers
- Proof of source of funds
- Company website or presentation
How it works
- Briefcompany jurisdiction, owners, currencies, counterparties and volumes
- Shortlista short list of banks and platforms with their requirements
- KYCdocuments, translations and a business description for the specific bank
- Applicationfiling, answering requests and a meeting if needed
- Decisionaccount opened, or a backup option
Timeline
Timing depends on the bank, the company's jurisdiction and the documents; fintech platforms are usually faster than banks.
Timelines are approximate: government agencies, consulates and banks set them.
What to watch out for
- The owner's country of residence and citizenship strongly affect the bank's decision
- Neither Singapore nor Hong Kong bans accounts for citizens of Russia or Belarus: Singapore's measures target specific Russian banks and transactions, and Hong Kong enforces only UN sanctions. Each bank still assesses risk under its own policy and may refuse
- Traditional banks often ask for an in-person meeting with the director
- A fintech platform or EMI is not a bank, and funds are held on different terms
- A bank may refuse without giving a reason
FAQ
How much does it cost?
Our service fee is on request. Government fees, translations, insurance and other mandatory costs are paid separately; we send the full estimate before you sign.
Bank or fintech platform: which should I choose?
A traditional bank is more reliable for large volumes and long-term work, but it takes longer to check you and more often asks for a meeting. A fintech platform or EMI is faster and usually works remotely, but it is not a bank, and funds are held on different terms. Many companies sensibly keep both.
Can I open a business bank account in Asia remotely?
With fintech platforms and digital banks, often yes. Traditional banks in Singapore and Hong Kong frequently ask for an in-person meeting with the director. We pick options based on whether you are ready to travel, so the shortlist only includes realistic choices.
Do I need an Asian company to open an account there?
In most cases, banks in Singapore and Hong Kong open accounts for local companies. Some platforms also work with companies from other jurisdictions. If you do not have a company yet, we can help you choose a jurisdiction and register one.
How long does it take to open an account?
It depends on the bank, the company's jurisdiction and how complete the documents are. Fintech platforms are usually faster, banks slower. We give an estimate once the shortlist is ready and we know where the application is going.
What if the bank says no?
A refusal from one bank does not close the door. We look at the likely reason, fix the documents and the business description, and apply to another bank or platform that fits your profile better.
Do you guarantee the result?
No. Decisions are made by government agencies, consulates and banks. We are responsible for preparing and checking documents, filing and support, and we tell you about the risks upfront.
Related programs
Let’s discuss your case
We will check whether the program fits your citizenship, income and family, and send an estimate with the full list of costs.
