Bank account

Opening a bank account in Hong Kong — 4 500 $:

• DBS BANK — without the presence of the beneficiary at the bank office
• HANG SENG BANK — with the departure of the beneficiary to the bank office
• BEA BANK — with the beneficiary’s flight to the bank’s office
• Standard Chartered — without the presence of the beneficiary at the bank office
• Bank of East Asia — with departure, but only after the approval of the account

The term for opening an account takes 1.5 — 3 months depending on the bank and the complexity of the company structure.

Opening a bank account in Singapore — 4 500 $:

• OCBC WING BANK — with the departure of the beneficiary to the bank office
• DBS BANK — without the presence of the beneficiary at the bank office
• Standard Chartered — without the presence of the beneficiary at the bank office
• Citibank — without the presence of the beneficiary at the bank’s office

The terms for opening an account take about 1.5 to 3 months, depending on the bank and the complexity of the company’s structure.

Opening a bank account in payment systems (Hong Kong) — 2 500 $:

• Airwallex
• CURRENXIE
• Wallex.Asia.

The assistance of the beneficiary will be required, as payment systems will selectively send questions and contact the beneficiary when opening an account.

Opening a Turkish bank account — from 3 500 € till 4 500 €

Turkish bank Emlak Katilim Bankasi provides the opportunity to open a bank account for non-resident companies. The cost varies and depends on the structure of the company:

• 3 500 € — the cost of opening an account for a company with a monosyllabic ownership/management structure and a low risk profile.
• 4 000 € — the cost of opening an account for companies that have either a complex ownership/management structure or a high-risk business profile.
• 4 500 € — the cost of opening an account for companies with a multi-stage corporate ownership/management scheme and, at the same time, a high-risk activity profile.

The term for opening a bank account is approximately 1-1,5 months.

Opening a bank account in Mauritius — 6 500 €:

• MCB Ltd (https://www.mcb.mu/en/)
• AfrAsia Bank (https://www.afrasiabank.com/en/)
• MauBank (https://www.maubank.mu/)
• SBM Bank (https://www.sbmgroup.mu/)

CIM Banque (Switzerland) — 2 900 €:

• The bank requires a substance (office and employees) in the country of incorpora­tion, which will result in taxation in Hong Kong