Hong Kong EMI BANK as your offshore jurisdiction operation


30 Sep

Hong Kong Government has executed New Policies in the Banking industry that banks services will classify into two types; (I) Traditional Banks holding bank license which provides bank services to the local customers having established branch in Hong Kong and (II) EMI banks (called EMI, Electronic Money Institution) holding up EMI license which can provide Bank services to clients online and international basis. EMI concept comes from the fact that as Hong Kong is an international city and a hub between China, Hong Kong and Global worlds. More clients register a Hong Kong company and open bank accounts for international businesses, they will not have office in Hong Kong, nor employ any staff in Hong Kong. Traditional banks like HSBC, Bank of China, etc,  who provide local bank services to local companies and people, and their licenses are all issued and governed by H K Monetary Authority. All traditional banks like HSBC, Bank of China also have to apply for EMI (Electronic Money Institution) licenses so that they can still provide online banking services to global and international clients. As it is a new line of banking service, it has only few EMI(S) in Hong Kong who can be granted EMI licenses by Hong Kong Government, which provide Semi-Bank services to international clients online and international basis.

EMI (called EMI, Electronic Money Institution) Regulated also by Hong Kong Government who supervises the conduct all the banks in HK including HSBC that provide bank services and financial products and services to both HK and international customers.

We can arrange for you to open e-banking (called EMI, Electronic Money Institution) Bank or Borderless Bank accounts in HK. It takes within 1 week by remote we can get opened for you. The e-banking Bank account will have USD, EUR, and GBP currencies, and have a powerful internet banking facilities, so you can do e-bank enquiries like check balancies, and
do wire transfer money (Receipts and Payments) between in and outside HK, and over the whole world. Note Wire in and Wire out are NO LIMIT.
EMI do accept only Hong Kong company.

You will have
Bank details like HSBC below:

Our Banker: XXX

Beneficiary Bank Code: XXX
Our Banker’s address: XXX
Accounts Name: XXX Limited
Accounts Number: XXX
Swift Code: XXXHK

It is an absolute bank in HK (but called Electronic Money Institution), having Money Service license issued by HK government, and do normal bank business like HSBC.
The difference is that they cannot provide branch banks services to local residents in HK, instead all banking services can be provided by online platform.

The bank account do accept clients from consulting and trading businesses. After the account is opened, we can arrange the EMI to issue company debit card or credit card depending upon the type of EMI you open. Everything can be done by remote.

As we refer you to the bank, there is no need much initial deposit (Around USD1500 is sufficient).

Note if you use Hong Kong to open bank account in HK, it is still tax free in HK. So at final you are by law not required to pay any tax there. Note at the present law, EMI is not required to share client information to the tax authority.

Why Company setup in Hong Kong; And E-Banking Solution in HK ?
The reason is that Hong Kong is Asia No. 1 Financial Centre. It is legal tax free to use Hong Kong company to engage offshore operations, and if so it is legal tax free..

We can arrange for you at Neat HK 

Better than a bank. A modern business account for startups & SMEs. Get dedicated payment instructions, and all the tools you need to operate your business ...


Receipt Payment from clients

Get dedicated local payment instructions in your company's name in HKD, EUR & GBP.* Start receiving bank wires from customers around the world, without hidden fees. You can also make transfers to bank accounts locally and internationally.


Connect Payment Gateways

Receive payments from your customers and disbursements from e-commerce platforms. Stripe, PayPal, Amazon and others are all covered.


Corporate Mastercards

The Neat Mastercard offers the best exchange rates. Assign expense cards and enable your team members to make online and offline purchases or cash withdrawals from ATMs around the world.


Worldwide Bank Transfers

Make transfers locally in Hong Kong or internationally. It’s faster, easier and cheaper than a bank. You can set up payees in a matter of seconds and send them funds at the click of a button.


How do you keep your money safe ?

EMI service companies are an authorised Electronic Money Institution independently regulated by the H K Monetary Authority (HKMA). This means they're required by law to keep your money safe by storing it in a low-risk financial institution - in Hong Kong, one of the TOP bank in Hong Kong as by law required by H K Monetary Authority (HKMA). These accounts are reserved and separated for customer money, this means your money is kept in a separate account from the money they use to run the business.

In the unlikely event EMI would cease to exist, your money would be paid back from this account, ie from the appointed Top bank in Hong Kong.

Features: Multi-currency current accounts: Hold balances in 11 currencies: Make international transfers in 18 currencies: UNIQUE BANK ACCOUNT NUMBERS

If you do proceed, please contact us for details.

Comments
* The email will not be published on the website.