โœ‹
Sorry, your browser does not support the technologies needed to use our web interface.

Please make sure you have the latest version, and that JavaScript is enabled.
Remote Jobs  Nomad Insurance Chat Meetups New Climate Finder New Forum Advertise FAQ Dating Members Hire Remotely 
  Homepageโš™๏ธ  Settings๐ŸŒ—  Toggle dark mode โค๏ธ  Your saved places
๐Ÿœ  Explore๐Ÿก  Cities๐Ÿ‡ณ๐Ÿ‡ฑ  Countries๐ŸŒ  Continents๐ŸŽซ  Community๐Ÿธ  Meetupsโค๏ธ  Dating๐Ÿ’ฌ  Chat๐Ÿ—ฏ  Forum๐Ÿ’  FAQ New๐Ÿ”“  Open Startup
๐Ÿ“ธ  Vote on photos๐Ÿ”ฎ  Show random place๐Ÿ’ธ  FIRE calculator๐Ÿ”Œ  Bali sea cable status๐ŸŒด  Canggu shortcut cam๐ŸŒค  Climate finder๐Ÿ“Š  Fastest growing New๐Ÿก  Real estate overseasโ›„๏ธ Escape the winter๐Ÿฆ  COVID-19 data๐Ÿ“ฃ  Advertise
๐Ÿ›ฐ  Remote jobs๐Ÿ‘ฉโ€๐Ÿ’ป  Remote workers Newโœˆ๏ธ  Airlines New๐Ÿ—บ  Neighborhoods๐Ÿ  Coworkations๐Ÿ›‚  Remote work visas๐Ÿฌ  Coworking spaces๐Ÿ”–  Incorporate๐Ÿฝ  QR Menu Creator๐Ÿš‘  Nomad Insurance
Title
Be specific and imagine youโ€™re asking a question to another person. You can also post non-question posts of general interest

Body
Include all the information someone would need to answer your question or reply to your post
Ask a question
Cancel

You won't be notified by email when a reply is posted, to change your notification settings. Posts must follow the Community Guidelines: No ads, self promotion, commercial posts, surveys etc. For customer support questions, don't post here but use the feedback box in the bottom right of this page instead.

๐Ÿ‘
477
๐Ÿ‘Ž

How do I open a business account in Hong Kong? Proof of business?


in Hong Kong by @omar | 5yr  | 6 comments

Hello guys, I was wondering if anyone had any experience in opening a business bank account in Hong Kong. Iโ€™m getting all the paperwork ready to incorporate in Seychelles and open the bank account but the agency that is helping me says Hong Kong bankers are getting more picky. They are asking me for business โ€˜proofโ€™ since iโ€™ve always ran my sites as an individual I wonder if just proof of payment from ad networks is enough. If you have any advice it would be much welcomed.

๐Ÿ‘
477
๐Ÿ‘Ž
๐Ÿ‘
6
๐Ÿ‘Ž
@hknomad | 3yr

Itโ€™s quite difficult for startups to open bank accounts in Hong Kong, also see this article: Hong Kong: The worst place in the world for a startup to open a bank account?. It depends on several factors whether or not your will have a hard time opening an account:

  1. Age & size of your business. This is actually a very important factor. While many banks claim or people think that the reason itโ€™s difficult is because of strict anti-money laundering policies this is is only part of it. Banks will be reluctant to go through their expensive due diligence process for a customer that wonโ€™t give them a certain amount of profit. Because HK banks are old fashioned, their processes are not always very optimized and cost effective and often itโ€™s a commercial decision not to onboard a startup rather than a risk one.

  2. Almost any bank will require you to be present for face to face meeting. If you are not physically present it is normally going to be difficult.

  3. It is more difficult for non-residents, especially of certain nationalities, to open corporate bank accounts in HK

  4. If you are running a (high) tech startup or new business, the bank may not understand the nature of the business and are reluctant to research. Even if your business is completely legitimate, you may be rejected simply because of a new business model or tech that is not understood by traditional banks.

If you do have troubles opening a bank account; you can check out Neat Business, that would allow you to open a business current account online, from anywhere.

๐Ÿ‘
6
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž
@kethle | 4yr

The Nomad Capitalist has a dedicated podcast to this topic - pretty informative and grounding.

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
6
๐Ÿ‘Ž
@karenchen | 4yr

Yes, it is becoming increasingly difficult to open company bank account in Hong Kong. Proof of business and experience is a must. The best and most efficient way is to engage a local service provider who has experience in dealing with banks. This way, it saves you a lot of time, effort to identify the bank that is interested in your business. Also, the chance of getting the account opening approved is much higher. Of course, the downside is you have to pay an arrangement fee to the service provider.

Set up a Hong Kong company to conduct business offer many benefits. To name a few: tax savings as maximum corporate profit tax rate is only 16.5% (in some cases can be as low as zero); better corporate image as HK is one of the major financial centres in the world; very simple, easy to understand and flexible business system.

๐Ÿ‘
6
๐Ÿ‘Ž
๐Ÿ‘
4
๐Ÿ‘Ž
@kmander | 5yr

Incorporation still incurs fees to get started and ongoing (accounting, filing returns etc). So considered those as taxes. Plus, it requires mental capacity to work through. Youโ€™ll want to someday repatriate the income into your personal pockets and this then exposes you to tax liabilities where you are. Being โ€˜outsideโ€™ of the system in your own state also could create future complications (social welfare, credit scoring etc). Itโ€™s very โ€˜coolโ€™ to be offshore and itโ€™s a natural entrepreneurial drive to minimise tax payments, but I think some nomads get lost in this. Make a lot of money first, then consider navigating this.

๐Ÿ‘
4
๐Ÿ‘Ž
๐Ÿ‘
15
๐Ÿ‘Ž
@flagtheory | 5yr

During the last couple years, opening a business bank account in HK has become increasingly difficult. Now, only certain banks will actually do this in practice.

To your question, business proof would be items like supplier and purchase contracts, business plan, etc. Anything that can substantiate your business as actively trading and โ€˜lower-riskโ€™ in the eyes of the bankโ€™s compliance department.

However, since you state that you have payment from ad networks - the nature of your business is likely as an online affiliate. Most Hong Kong banks would classify this as higher risk, more so with a seychelles company. Worse case scenario, you open the SY company and then cannot open the bank account in Hong Kong.

Your better bet would be to open a Hong Kong company OR to search for a bank account elsewhere. For instance I could set you up with a first tier bank in Singapore with a Seychelles company.

There is a list of different options to incorporate here: Incorporations.io that we made for this exact purpose, to help entrepreneurs decide on the best place to incorporate by comparing different options side by side.

๐Ÿ‘
15
๐Ÿ‘Ž
๐Ÿ‘
3
๐Ÿ‘Ž
@pau | 5yr

Iโ€™ve been told that you can open a business there and pay 0% taxes as long as the activity is out of Hong Kong. I will also be interested in that :stuck_out_tongue:

๐Ÿ‘
3
๐Ÿ‘Ž
Read and participate in 14,067 discussions on Nomad List

Suggested topics

๐Ÿ‘
0
๐Ÿ‘Ž

Is anyone travelling right now?


by @viktor | 6d 6 days ago | 2 comments

Winter is coming and Iโ€™m feeling the ache of travelling after being stuck in the same place since the Pandemic started. Wondering if anyone is travelling right now? If so, where are you currently located and how is the situation where you are?

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

Which EU country doesn't charge social security for freelancers


in Luxembourg by @colin_o_keeffe | 10d 9 days ago | 0 comments

As far as I'm aware Germany, Luxembourg, Belgium charge both sides (employee and employer) of the statutory social security pension if you are a freelancer. Are there countries that don't make this a requirement? It is crippling having to pay out upwards of 19% of your income into a state pension.

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

How to find accomodation in Las Palmas, Canary Islands


in Las Palmas, Spain by @philippg | 11d 11 days ago | 0 comments

Hi, we are trying to find a house to rent for 2-3 persons near Las Palmas for 4-5 months at the moment and it seems to be almost impossible except through Airbnb which is super expensive. Any advises or local contacts?

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
3
๐Ÿ‘Ž

Where do I get good legal advice/support to have a long-term stay in Portugal?


in Lisbon, Portugal by @mzorrilla | 23d 23 days ago | 4 comments

Hello, everyone!

My idea is to stay as low as 6 months and as long as a year (maybe, who knows) over Lisbon after doing some analysis from many cities in Europe.

I'm an Argentinian and Chilean (both nationalities) so... no Euro-pass for me (getting my Italian nationality could take 2 years easily). I'm also a remote worker and I have a really good income (I work for a Silicon Valley company) so I can show more than enough resources to stay in the country.

Everything I see online doesn't inspire me much confidence (most sites looks a bit scammy) and this is not a "vacation stay"... I want to be clear my head far away from Argentina right now. If someone has a good website, recommendations, etc I will super appreciate.

Thanks in advance!

๐Ÿ‘
3
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

How do I get Travel/Medical Insurance for Portugal for visa application from Australia?


in Portugal by @jonathanpoh | 1mo 1 month ago | 5 comments

I'm preparing my Portuguese D7 long-term visa application and one of the required documents is proof of travel insurance with medical coverage. However, as an Australian citizen, if put that as my country of residence in many travel insurance companies' quick quote forms, I'm unable to get ANY insurance coverage at all because of the current travel ban out of Australia, and the Australian govt's 'Do Not Travel' advice to ALL countries. I know that Aussies are applying for, and successfully getting visas from the Portuguese Consulate here, so where and how are they fulfilling this insurance requirement if insurers aren't selling any coverage? Does anybody know or have any ideas?

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

Video chat coworking solutions?


in Brazil by @essentiallyint | 1mo 1 month ago | 2 comments

I am new to working out of coworking spaces. My business entails a lot of video conferences. I haven't chosen a specific coworking space yet but generally, what are the potential solutions for this? I have a microphone and headphones but still fell like it may be inconsiderate to take the calls anywhere in the coworking space. For a solo person, what are some general solutions? Are there usually options to rent a private room by the hour with just enough room to set up my microphone and laptop? Sidenote: any coworking space recommendations in Florianapolis, Brazil would also be appreciated. Thanks in advance!

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

Is there a map of countries open for travel now?


in Russia by @vernon99 | 1mo 1 month ago | 7 comments

I have two passports from different countries and am trying to understand where can I travel now. Is there a publicly available map of countries open for visitors by passport country that I can use to see what are my options? I was pretty sure such a thing should exist, but cannot easily find any.

Maybe at least there're maps for specific passports? Mine are Russian and American.

If there's no such thing, I'd be down to build one, let me know if interested to collaborate :)

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

Any nomads in Arizona, US?


in Netherlands by @info132 | 1mo 1 month ago | 0 comments

Hi guys,

After the Netherlands, the Bay Area, Colorado and being on the van life for 8 months, I am now in Sedona, AZ with a few other digital nomads. We are sharing a home here and are wondering if there are more like minded people in the area.

We do a bunch of hikes and campouts in the northern of Arizona. If you would like to connect with us, please do so :)

Val

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
2
๐Ÿ‘Ž

Best place in Portugal near cool nomads, good surf, and a great cowork spot


in Portugal by @joelnicholson | 1mo 1 month ago | 10 comments

Hi there, title says it all. Canadian nomad hoping to find the city/town in Portugal with great, consistent surfing, a solid coworking spot, and a fun group of young nomads. Please recommend!

๐Ÿ‘
2
๐Ÿ‘Ž
reply
๐Ÿ‘
2
๐Ÿ‘Ž

Best place for solo UK traveller for surf, sun & working between Oct and Dec??


in Tenerife, Spain by @leojb | 1mo 1 month ago | 0 comments

Hey Nomads, would love to know any thoughts here.

Top of the list are currently Tenerife, Lagos/Ericeira (Portugal) & Malta??

Would love to know if anyone can vouch for these at this time of year.

Beautiful beach would be the dream. Basically European Bali! I'm sure something many of us are searching for.

Thanks a million. Much love.

Leo

๐Ÿ‘
2
๐Ÿ‘Ž
reply
๐Ÿ‘
3
๐Ÿ‘Ž

Are there any digital nomads in the Islands e.g Bermuda, Barbuda, St. Kitts and Nevis?


in Antigua, Guatemala by @momo11 | 1mo 1 month ago | 0 comments

Does anyone ever travel to any Islands like Bermuda, Barbados, Barbuda and St. Kitts & Nevis?

๐Ÿ‘
3
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

Tax advisor for permanent nomads?


by @eljaques | 2mo 1 month ago | 1 comment

I'm in need of a tax advisor who understands "our" typical situation. I'm all good on being legal on taxes at this point, but as I'm doing more investing and there's more compliance and KYC and such, it's getting more complicated to deal with this topic. Not living in my country of citizenship, company in another country, resident in yet another country, banking in a different country ... you know how it is, a pile of red flags.

Would be great to find a good tax advisor to sort things in a way that makes my situation as "explainable" and easily dealt with as possible. Any leads?

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

UK Expats travelling to Greece?


in Bulgaria by @davda1546 | 2mo 1 month ago | 2 comments

Hi all, my husband and I have been living in Bulgaria for the past month and were hoping to travel to Greece next. Have any UK nationals entered Greece lately? I believe that anyone entering Greece requires a negative COVID test 72 hours before travel - is this what they are requiring at the borders please? (Reason we ask is for Bulgaria we filled out forms but weren't asked for them) Thanks.

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

UK Expats travelling to Turkey?


in Turkey by @davda1546 | 2mo 1 month ago | 0 comments

Hi all, my husband and I have been living in Bulgaria for the past month and were considering Turkey next! Have any UK nationals entered Turkey lately? I believe that anyone entering Turkey will undergo health screening and if they show symptoms they need to get medical treatement, did this happen for you? Reason we ask is for Bulgaria we filled out forms but weren't asked for them) Thanks.

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
1
๐Ÿ‘Ž

Anyone want to share an airbnb villa in Mexico?


in Mexico by @wouternomad | 2mo 1 month ago | 3 comments

I will be traveling/working through Mexico with my dog February to April. My plan is to stay in Sayulita for about 2-4 weeks, then travel south along the cost.

Is there anyone who wants to share an airbnb apartment? I was thinking of renting a private villa, but because these are large and have multiple rooms, I was wondering if there are fellow nomads wanting to share? Iโ€™m open to other locations as well (Puerto Vallerta, Oaxaca, and everything in between these two locations.

๐Ÿ‘
1
๐Ÿ‘Ž
reply
๐Ÿ‘
0
๐Ÿ‘Ž

How to get into the digital nomad lifestyle?


in Switzerland by @filiptk | 2mo 1 month ago | 1 comment

Hi, I've got a question to anyone who had experience with the digital nomad lifestyle. I'm 24, I'm in my last year of university doing computer science, got 3 years of experience mostly doing web development.

I never liked the idea of staying in one place, getting a job and growing roots - hence the will to take the opportunity and travel the world. My main question is โ€“ how do I go about it? Are there any useful resources I could look into?

How do I go about insurance and such once I decide to move. I currently live in Switzerland and do freelance work for one company. It's not a lot, since my studies don't allow me to pick up a full time job, but it allows me to cover simple expenses.

I'd be happy to get some insight into how things work and also happy to network with anyone interested.

๐Ÿ‘
0
๐Ÿ‘Ž
reply
๐Ÿ‘
2
๐Ÿ‘Ž

Where should I set up my company as a remote worker?


by @beloruchka | 2mo 2 months ago | 7 comments

Iโ€™m looking for any recommendations for services or people others have used to get answers on the best place to set up their businesses based on their personal circumstances.

Leaning towards Singapore after a ton of research, but would really like some concrete advice before jumping in.

Appreciate it!

๐Ÿ‘
2
๐Ÿ‘Ž
๐Ÿ‘
1
๐Ÿ‘Ž

How to learn a language without taking a formal class?


by @zakamercury | 2mo 2 months ago | 5 comments

How to learn a language without taking a formal class, while traveling in different countries?

What advice can you give me?

๐Ÿ‘
1
๐Ÿ‘Ž
reply
๐Ÿ‘
2
๐Ÿ‘Ž

What's the best thing to do with your phone/ your phone number when travelling?


in Poland by @davda1546 | 2mo 2 months ago | 6 comments

Hey, hope everyone is well!

We're leaving in a month to go travelling. Our first destination is still to be confirmed, but will likely be Poland or Slovakia. We will be moving around every month or two to different destinations.

The question we have is: what do people do with phones/ phone numbers when hopping from country to country? Ideally we'd just like one number for the whole trip (even better, the number we already have) wherever we go, rather than getting new SIMs with different numbers.

This is just so it's easier to keep in contact with family/ clients/ etc.

๐Ÿ‘
2
๐Ÿ‘Ž
reply
๐Ÿ‘
1
๐Ÿ‘Ž

How do I set current location? I've looked everywhere for this option.


by @yousifyalda | 4mo 3 months ago | 5 comments

All I see is section to add trips, but I reside here. Home and all.

๐Ÿ‘
1
๐Ÿ‘Ž
reply
โ€นโ€บ
×
USD โ”€ $
ยฐF
โœจ To see all results
Join Nomad List
Log In
FeedbackIf you find a bug, or have feedback, please write it here. See the FAQ for answers to most questions.Thanks for the message! We will get back to you soon.
Send feedback