Bank account in Asian countries — Opening Process & Requirements
It is much easier to do business in Asia if you are able to simplify the money question. Setting up a corporate account in an Asian bank is the solution. You will gain trust among your customers and benefit from high-end services.
So how to open a bank account in Asia? The first step is to choose the jurisdiction . If your business partners are mainly from a specific country, you would ease up transactions with them by opening an account in their country.
Once you know the jurisdiction, you have to choose a financial institution. It can be a long process to sort out which bank suits your needs the best: which one will offer you accounts in the desired currencies, which one will permit fast and secure wires, which one has a modern online platform for remote banking, etc.
No need to contact all the banks and try to assess this by yourself. Our experienced advisors at LegalBison can guide you in finding the best one for your activity.
Opening a business bank account in Eastern Asia
China is set to become the top world economy soon. It’s a good moment to ask how to open a bank account in China online. Numerous Chinese financial establishments are interested in working with non-resident companies to facilitate transactions with local businesses. We can guide you through the whole process, entirely remote.
How to open a bank account in Hong Kong? Hong Kong is another great classic. One of the main financial centers in the world and a synapse between the Orient and the Western world. Benefit from the best of both worlds: a Westernized service culture and a gate opened for business with China and Pacific Asia.
One may also think about opening a bank account in Singapore. The city-state is one of the best places for business: one of the strongest economies in the world with one of the lowest corruption rates. Singapore maintains very high standards on financial services.
Opening a corporate bank account in the Middle East
On the other side of Asia, opportunities are not scarce. The Middle East is continuously expanding its economic activities and is now a driving force in IT and financial services.
An ideal place to start would be a UAE bank account.The Emirates residing companies are always appreciative of non-resident companies doing efforts for successfully conducting business there. But that’s not the only advantage of a UAE offshore bank account: online access, high level of services and remote opening are on the menu.
In the emerging economies of the Middle East and at the gates of Europe, one shall look into opening a company bank account in Turkey. The Turkish financial institutions have high standards of services and are used to dealing with the Middle East, Europe and the other parts of Asia. The requirements for opening a bank account in Turkey for your company are surprisingly simple to fulfill, and one may definitely not overlook how Turkey could benefit their international business development.