3–5 days — the fastest start
That’s how long onboarding takes at the Chinese platform for trading and manufacturing — with no deposit, turnover or link to Asia. The longest timeline among the eight is 10–15 days.
Bank account opening
A payment platform gives a company a multi-currency account, local bank details, cards and conversion — in days, not months, and without visiting a bank. We choose a platform from eight to fit the company’s country, its owners, currencies and business model. We disclose the names at a consultation; here you’ll find the platforms’ profiles.
In short
A payment platform gives a company a multi-currency account, local bank details and cards in 3–15 days, without a bank visit. We match one of eight platforms to the company’s country, owners, currencies and business model; the large platforms offer 30+ currencies.
Checked 16 October 2026 · Elizaveta Germash
Cost of a mistake
Account freeze
Transactions outside the declared profile — new countries, industries or volumes not agreed with the platform — lead to requests, a freeze or closure.
How to avoid itA platform provides a multi-currency account, bank details and cards through partner banks. It opens in a few days and without a visit, but it lives by its own rules: restrictions by country, industry and the owners’ nationality.
What you get
A multi-currency account, local bank details — SEPA, ACH, FPS — corporate cards and conversion in an online dashboard.
What a platform doesn’t have
Letters of credit, loans and guarantees; the balance isn’t a bank deposit. Some platforms issue an account that isn’t in your name — it is harder for clients to pay into.
Country and passports decide
Each platform takes its own view of the company’s country and the owners’ nationality and residency. Most don’t accept companies and owners from Russia and Belarus; some accept citizens with a residence permit.
The bank remains the foundation
A platform is good for getting started, paying suppliers and collecting revenue worldwide. The company’s main operating account, especially in the UAE, still needs to be at a bank.
Expert tip
Don’t keep all your money on one platform: it can change its list of countries or industries within a month. We set up the platform as a second channel alongside the bank — so payments don’t stall.
Elizaveta GermashLawyer · Bank accountsChoosing a platform
Tick what your business needs. A platform fades out if it lacks the feature or the feature isn’t confirmed — we check such cases at a consultation. Profiles as of October 2026.
Chinese cross-border platform for trading and manufacturing
Chinese cross-border platform for trading, IT and consulting
Hong Kong platform with local bank details in 60+ countries
Hong Kong Web3 gateway for local companies
Hong Kong platform for cross-border B2B payments
Singapore fintech platform with online opening
Asian provider of named IBANs and virtual accounts
International payout and collection network in 50+ countries
Platforms
We name the platforms at the consultation: the choice depends on your company, currencies and payment countries.
China — bank details of major partner banks
A multi-currency account with direct bank details of major partner banks and online conversion. New companies are accepted, with no deposit or turnover requirements.
China — bank details of top-tier partner banks
A multi-currency account with bank details from Chinese partner banks. Works with Ukraine and Central Asia — except sanctioned territories.
Hong Kong — for B2B, B2C and e-commerce
Opens local accounts in Hong Kong, Singapore, Australia, Japan, the EU, the US and other countries, and issues corporate cards.
Hong Kong — fiat and stablecoins
Accepts and converts USDC and USDT to fiat, issues corporate cards and helps manage expenses.
Hong Kong — partnerships with major banks
A multi-currency account and FX, collections and payouts in 100+ countries, local bank details in several jurisdictions.
Singapore — partners licensed in Singapore, Hong Kong and Australia
Multi-currency accounts, global payments and an unlimited number of cards — virtual and physical. Onboarding is fully online.
Licensed in Hong Kong and Thailand, regulated in Australia
Named IBANs in 30 currencies, local SEPA, ACH and FPS channels, an API and a mobile app — for business in ASEAN and Asia.
Banks, local channels, e-wallets and cards
Payouts and payment acceptance via local corridors: bank transfers, e-wallets such as GCash, OVO, GoPay and Maya, and Mastercard cards.
Who it suits
A good fit if
Consider something else if
Benefits
Bank or platform
A platform wins on speed and entry threshold, a bank on products: letters of credit and trade finance. Bank terms are based on our practice as of October 2026; the decision to open an account rests with the bank or the platform.
3–15 days
from 3–5 working days to 10–15 days
Not needed
one platform needs original forms by courier
No deposit or turnover
confirmed for both Chinese platforms
No
Click an option to highlight it across every parameter
How to choose
There’s no good platform “in general” — there’s the one that will accept your profile and handle your payments. We apply eight filters.
Some platforms give priority to Hong Kong companies; others don’t accept companies from China, Russia, Belarus or Kazakhstan. This is the filter we start with.
The passports of directors and shareholders are the second filter. Some platforms accept Russian and Belarusian citizens with a residence permit in a non-sanctioned country, others accept citizens of Central Asia and Ukraine.
Whether you need local bank details: an IBAN in euros, ACH in dollars, FPS in Hong Kong. It’s easier to receive client payments into an account in your name — not every platform provides one.
B2B trade with China, B2C, e-commerce, payouts to contractors worldwide. Online sales require a working website; regulated industries require licences.
Every platform has its own stop list: gambling, precious metals, weapons, crypto. We check your business activity before applying.
If you need USDT or USDC, the choice narrows to two platforms out of eight: one offers receipt and conversion to fiat, the other top-ups and payouts on several networks.
We look at who regulates the platform: in China — the People’s Bank of China; in Hong Kong — the HKMA or the Customs and Excise Department under an MSO licence; in Singapore — the MAS.
From 3–5 working days at the Chinese trading platform to 10–15 days at the international payout network. The Singapore platform is fully online, while the Hong Kong B2B platform waits for original forms with a “wet-ink” signature.
Let’s discuss the details
Tell us the company’s country, the owners’ nationality and residency and the currencies you need — we’ll tell you which of the eight platforms fit and what they won’t offer.
Process
Every step is visible in the client portal: what’s happening now and whether we need anything from you.
Steps on your side: 3 of 7
We find out where the company is registered, who the owners are and where they live, which currencies, countries and volumes are involved, B2B or B2C, and whether you need crypto.
Step 1 of 7
We find out where the company is registered, who the owners are and where they live, which currencies, countries and volumes are involved, B2B or B2C, and whether you need crypto.
Documents
Company
Directors and shareholders
Proof of business activity
Timing and budget
At the start, a platform is usually cheaper than a bank — some don’t require a deposit or turnover. The main costs are conversion and transfers, so we look at the full cost of a payment, not the opening fee.
Route
Three common starting points: a company already in the UAE, purchasing in China and a new company in Singapore. Prices are “from”; we fix the exact amount in the proposal.
A multi-currency account, bank details and cards — with no visit, matched to the company’s country and the owners’ passports.
You get: bank details and first payments
The main operating account — for rent, salaries and visa costs. UBL accepts a remote application through us; most banks require a meeting with the signatory.
You get: corporate account in AED, USD and EUR
Platform onboarding
3–15 days
A UAE bank takes 2–8 weeks from a complete dossier. We apply in parallel: while the bank is reviewing, payments can go through the platform.
Remote registration, with a registered address included in the package. Suitable for trade with China and other countries.
You get: company with a Hong Kong address
Bank details of Chinese partner banks. New companies are accepted, with no deposit or turnover needed.
You get: payments to suppliers in CNY and other currencies
No company of your own in China needed. Bank thresholds differ: OCBC expects turnover from USD 1 million a month.
You get: bank details at a Chinese bank and tokens
Company and platform
≈ 1–2.5 weeks
3–7 days for the company once the full document package is in, and 3–7 working days for the Chinese platform. An NRA account — once purchases become large and regular.
A nominee director, registered address and company secretary for the first year — included in the package.
You get: company with a director, address and secretary
Onboarding is fully online. A new company needs a business plan and proof of source of funds — we prepare them together with the company documents.
You get: 30+ currencies, EUR in IBAN format, USD via ACH, and cards
Company and platform
≈ 1–2 weeks
2–5 days for the company once the full document package is in, and 5–7 days for online onboarding.
Getting it right
Click a card to see how to do it right · 0 of 7 open
01 What people often do
Keeping all your money and payments on one platform.
02 What people often do
Choosing a platform from its advertising without checking the company’s country and the owners’ passports against its rules.
03 What people often do
Writing just “trading” in the questionnaire, with no details.
04 What people often do
Collecting client revenue into an account that isn’t in your name.
05 What people often do
Applying for an online store before the website is live.
06 What people often do
Running transactions through the platform that aren’t in the questionnaire.
07 What people often do
Expecting a letter of credit or a loan for a supply from a platform.
FAQ
Elizaveta Germash — Bank accounts
A platform is a licensed payment service, not a bank. It provides a multi-currency account and bank details through partner banks, processes payments and conversion, and issues cards. It has no letters of credit, loans or guarantees, and the balance doesn’t count as a bank deposit.
Elizaveta Germash · Bank accountsDeadlines, amounts and rules are based on these sources as of the check date. Rules change: check with us before deciding.
Often goes with this
Bank AccountsHong Kong
If you need a bank with letters of credit and yuan settlements — HSBC, Hang Seng, OCBC, DBS or CITIC in Hong Kong.
Bank AccountsChina
If your turnover with China is large and regular — an NRA account with a Chinese bank without your own company in China.
Bank AccountsUAE
The main operating account for a UAE company — for rent, salaries and visa costs; the platform works alongside it.
Next step
Tell us where your company is registered, your owners’ nationality and residency, which currencies you use and who you work with. We’ll name suitable platforms and tell you what to prepare for onboarding.
Elizaveta GermashLawyer · Bank accounts
Bank account opening
