In Hong Kong, you will get Chinese, European, Asian as well as Australian banks. Hence this city is called the home of several international banks. You can open an offshore account in any of those international banks to incorporate in Hong Kong. But before that, you must be aware of some best international banks available in the country so that you can store your hard-earned money in that bank and stay safe. That is the reason why in this article, we have come up with an essential guide to open Hong Kong offshore bank account.
Top Five International Banks for Opening an Offshore Account
Out of several international banks, we have come up with the top five international banks in Hong Kong which offers their customer many facilities that you can hardly get in any other banks. The best thing about those top international banks in Hong Kong is that they have come up with a ATM5 network facility which offers free withdrawal.
The five most widely recommended banks where you can surely deposit your money irrespective of where you stay are DBS/POSB, UOB, CitiBank, HSBC, and Standard Chartered bank. DBS/POSB is one of the most reputable banks in Hong Kong which has hundreds of ATM all over the world. This bank permits foreigners to open their account with Issuing and Paying Agents (IPA). The next international bank is in the top list is United Overseas Bank (UOB). It is a local bank with a huge number of ATMs all over the world. Apart from that, it also has a wide range of account options for expats.
The next bank on the list is CitiBank. The great thing about CitiBank is that you can find its ATM close to every metro. Another biggest advantage of this bank is that it offers loans to foreigners. HSBC is another most reputed bank where you can do investments and it has its customer with 50000 GBP. The fifth bank in the list is Standard Chartered bank but it a fewer ATMs as compared to the others. Nonetheless, the ATMs are still considered to be plenty in comparison to other banks that are not in the list.