Paperless operation

You only need to send us the required files through chat. We will fill out the registration application for you, submit it to the authorities for review, and send the documents to you for online signing.

Open a bank account

We will connect you with local emerging banks and traditional banks, and assist you in submitting your application to the bank that best meets your business needs

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Entrepreneurs from around the world

Local entrepreneurs
Local entrepreneurs who want to easily complete registration
Foreign entrepreneurs
Foreign entrepreneurs who hope to enjoy lower tax rates and intend to expand into the Asian market
Chinese entrepreneurs
Chinese entrepreneurs who hope to expand into international markets

Easily register a Hong Kong company in just 4 steps

Check registration conditions
As long as you have a clear plan, setting up a company in Hong Kong is a simple process. You only need to meet some government requirements.

We will assist you in completing all the following steps:

Provide local corporate secretaries;
Every Hong Kong company must have a company secretary. The company secretary is responsible for contacting government regulatory agencies when necessary and handling corresponding matters when the company structure changes.

Obtain registered address
All Hong Kong companies must have a local registered address. This address will appear on all legal documents, and authorities will send all relevant notices and deadlines here.
Obtain Business Registration Certificate;
This essential document lists important detailed information about the company, including the company name, business nature, and address. It is usually issued once a year and needs to be updated annually. We will arrange this document for your company and assist in the update process.
Complete the registration process
We will handle your registration process online throughout the entire process. We will collect your files through chat, fill out necessary forms, and then send them to you for online signature.

We will need your company name, business activities, and equity structure. We will also require the names, addresses, and contact information of all directors and shareholders, and complete online identity verification for each individual.

Here are the key documents we have prepared:

-Company Articles of Association
-Application for Company Registration
Open a bank account
You will need a bank account to receive payments and make payments to you. We have close cooperation with major traditional banks, such as HSBC and DBS Bank.

In addition, we also collaborate with emerging banks, such as Airbank. The advantage is that it can open a bank account for you in a short period of time and start business as soon as possible.

We will provide you with abundant partner resources and assist you in submitting an application to open an account suitable for your business
Your new company needs to submit two reports and complete an audit every year. Even if you currently do not have any transaction matters, you still need to submit an annual report: prepare unaudited accounts, have independent auditors review these accounts, and submit a profits tax return. It is crucial to prepare these documents correctly and promptly, and we will create a dedicated schedule for you to avoid fines and penalties.

We will handle your accounts, prepare reports, and track the submission schedule. In addition, we will also provide dedicated accountants and customer service teams for your enterprise
Open a bank account.
Liangxin helps clients open bank accounts. We not only provide this service to companies registered in Hong Kong. Whether in Hong Kong or other regions of China, it is possible to open a bank account for companies registered in any place such as the European Union, the United Kingdom, Russia, Kazakhstan, etc.

A multi currency account is a powerful tool when you need to regularly send and receive funds from abroad in different currencies. This type of account allows users to maintain foreign currency balances. In addition, users can consume or convert to local or other currencies when needed.

If your business operates in multiple countries/regions, storing funds in one or more currencies is very useful. In this way, complex transactions or unfavorable exchange rates between different accounts can be avoided.

What is a multi currency account?

A multi currency account is a type of bank account that allows users (or businesses) to receive, pay, and store funds in multiple currencies. The main feature of a multi currency account is that all account details (such as payee, account number, and SWIFT code) remain unchanged across all currencies.

It is not an exaggeration to say that a multi currency account is like trading in the country/region where the currency receiving the payment is located, but in reality it is not in that country/region.

The vast majority of banks in Hong Kong offer multi currency accounts. Usually, by default, you can choose to open a multi currency account representing the following currencies:

Hong Kong dollars
dollar
euro
pound
Singapore dollar
yen
Australian dollar
Chinese New Year
Usually in Hong Kong banks, this list is much longer.

Many banks in Chinese Mainland provide multi currency accounts, especially accounts that accept rubles, such as Harbin Bank.

When dealing with foreign currency, you may encounter many inconveniences. High conversion fees and security issues are just two of them.

However, a multi currency account will protect you from these dangers. In addition, he will do more things for you.

How does a multi currency account operate?

The operation of a multi currency account may depend on the bank you choose. However, the difference is not very significant.

More precisely, they typically include different interest rates, different fee structures, and related benefits such as savings accounts or overdrafts.

Standard features typically include:

You can hold multiple currencies in one account - euros, US dollars, Hong Kong dollars, pounds, etc. You can trade every currency held in one account.
Compared to independent foreign currency accounts in different regions, the fees are lower. Individual accounts have separate account management fees and typically require a minimum balance.
Applications and other online banking features make account management simple and convenient.
Some banks offer competitive overdraft fees, telephone banking, affordable commercial loans, and other benefits.
This type of bank account works very simply, similar to a standard bank check account. As a customer, you can withdraw funds from your account at any time. You can also send and receive funds.

In addition, you can use a debit card to access your account, receive financial statements and summaries, and make continuous electronic payments.

At most banks, you can also call customer service personnel to ask questions and receive quick and qualified responses. All banks in Hong Kong must speak English. Customers of Liangxing Consulting can also receive Russian language support when working with Hong Kong banks.

Banks typically charge monthly account fees, transfer or deposit fees for certain currencies, and additional fees for remitting money to other banks.

It is usually free to make payments to the recipient's account using the same bank.

Save foreign currency costs

When your company only has one foreign exchange account, you may incur additional fees when receiving overseas payments. If the customer should make payment in another currency, your bank will convert it to your local currency to deposit the funds into your account.

It makes sense that your bank will charge high fees for fund conversion. If a company receives a large amount of payments in multiple currencies, these costs can add up to a considerable amount.

One major benefit of having a multi currency account is that there is no need to pay currency exchange fees. The funds paid to your company should be deposited into your multi currency account without any exchange required.

Improve customer service

Simplifying the customer experience is crucial.

Do not force customers to go to a bank branch to pay for your products or services. When it comes to international payments, the process may not necessarily be very complicated.

Customers often feel confused about accounts with formats different from their home country, and transfers may not even reach your account.

Provide familiar payment instructions to customers, making it easier for them to make payments. The customer will be pleased, and due to the multi currency account, you will easily receive payments.

Easily manage your account

There is no need to open multiple bank accounts in different jurisdictions. Having multiple currency accounts through a single online banking platform can save you a lot of trouble and financial burden.

In addition, banks are not always willing to open accounts for companies registered outside the bank's location. Even if they are willing to do so, the application still requires time and effort from the company.

On the other hand, through multi currency accounts, a person can access multiple accounts in different jurisdictions. No need to deal with the hassle of multiple banks and applications.

An overview of the company's total funds is usually provided in the application. No need to switch between dashboards of different banks or calculate all content on your own.

Managing all content from one account is much easier than managing each account separately. Tracking all sources of income and expenses has also become easier.

Useful for everyone

Whether you are an individual currently residing in Hong Kong or looking to relocate your business to Hong Kong, a multi currency bank account will definitely benefit you greatly.

Many businessmen believe that having a multi currency bank account is now an invaluable business asset. As people get closer and business networks continue to expand, the demand for international transactions also increases. Choosing a multi currency account is normal and necessary due to potential fluctuations in exchange rates.

If you have any questions about multi currency accounts and the benefits of opening such accounts in Hong Kong companies, please feel free to ask and we will do our best to answer them.

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