DestinationsHong Kong
🇭🇰

Open a bank account in Hong Kong

⚠ CRSIn-person requiredRestrictedfrom £1,800

Who we work with

We work with international major banks and local commercial banks. An in-person visit to Hong Kong is required at all banks. Minimum deposits vary widely: from HKD 100 for basic accounts up to HKD 1,000,000+ for premium banking.

About this destination

Hong Kong is bigger than Singapore and the gateway to the Asian market. A major advantage is the broad range of banking options for different needs. Despite China's growing influence, Hong Kong remains a global financial giant with first-class infrastructure.

An in-person visit is required at most banks; we prepare everything meticulously and accompany you through the entire process.

Banking system

All figures are indicative and subject to change. Not investment advice.

Key banks
HSBC Hong Kong, Bank of China (Hong Kong), Hang Seng Bank, Standard Chartered Hong Kong, Bank of East Asia
Credit rating
Moody's Aa3 / S&P AA+ / Fitch AA- (stable)
Deposit guarantee
Up to HKD 800,000 per depositor and scheme member, state-guaranteed (since 1 October 2024)
Currency
Hong Kong dollar (HKD), freely convertible, pegged to the USD; 1 EUR ≈ 9.14 HKD
Inflation
approx. 1.7% (March 2026)
Deposit interest
Savings accounts approx. 0.001–0.125% p.a.; fixed deposits approx. 1.7–2.4% p.a. (1–3 months)
Banking secrecy & CRS
Hong Kong has strong banking secrecy and is a CRS participant; information is exchanged with partner jurisdictions under the CRS.

Knowledge & background

Why bank outside the EU?

EU account registers, EAPO, bail-in risk and de-banking — the full picture.

How our service works: step by step

Five steps from order to activated account.

Declaring your offshore account: what you must report

CRS, FATCA and national reporting obligations explained clearly.

Bail-in explained: when your savings become bank capital

What the EU Bank Recovery and Resolution Directive means for depositors.

Questions first?

We'll tell you within 24 hours whether this destination fits your profile.

Quick overview

CRS status⚠ CRS
Minimum depositfrom HKD 100
Remote openingIn-person required
Non-residentsRestricted
Service feefrom £1,800

Not sure if this fits? Free consultation →

Requirements note

Proof of address and phone number must come from the same country — and that must be a genuine residence, not a PO box address. Our Nomad Package sets up a recognised address in the Philippines, including all required documents. Fully remote, no travel required. Ready in 1–2 weeks.

What's included in our service

  • Personal bank introduction
  • Document preparation and review
  • Application coordination
  • Ongoing support until account is active
  • Compliance and AML guidance

All information is provided for general guidance only and does not constitute legal, tax, or financial advice. Regulations and bank policies change; always verify current requirements before proceeding.