In Hong Kong, it is often difficult to open an account. The key factors are as follows:

For the sake of historical time. Due to2018Many Hong Kong companies did not apply their accounts after setting them up in Hong Kong a year ago. This consumes the bank's resource management, and the operating cost of an account is approximately10Hk $10,000/In 2005, banks were operating at a loss if customers did not use their accounts, that is, if they did not earn money from savings or other business processes.

Around the world, efforts have been made to crack down on money laundering by individuals and to strengthen supervision of banks, which will be punished if found.

Because of the market environment, Hong Kong's bank account volume is already close to saturation. In order to better prevent resource consumption, banks set a high threshold for opening accounts to select high-quality customers has long become a field insider.

Some enterprises because of the high-risk areas, the customer groups are banned or restricted regions or countries. Therefore Banks won't open accounts for such businesses.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.