Hong Kong banks are becoming ever more prudent when opening accounts for new companies, even in circumstances where the applicant already has a relationship with that bank in another jurisdiction. While our clients understand the need for the banks to exercise caution and to carry out their own due diligence, this can prove to be a time-consuming and frustrating aspect of establishing a new company or business presence in Hong Kong. We are familiar with the requirements of local banks, have an excellent relationship with bankers and can help clients through this process.