Open a company and bank account in Hong Kong, China or Singapore – even with a difficult passport.
Opening a company is just the start – making it work is the hard part. We set up companies in Hong Kong, China and Singapore and stay with you to run them: business banking, bookkeeping and audit, compliance, and the bigger problems that come up later.
How we help
Core services, start to finish
Each delivered in-house across Hong Kong, China and Singapore.
Company formation
We choose the jurisdiction with you and register the entity. Hong Kong takes 5–10 business days and Singapore 7–10; a WFOE in China takes 20–40 business days, about 4–8 weeks including document legalization.
See formation →Corporate banking that opens
Banks and fintechs in all three jurisdictions are matched to your passport, business profile, goals and geography – with backups ready when the first one says no.
See banking →Compliance, accounting and tax
In Hong Kong and Singapore, year 1 includes the company secretary and registered address. From year 2: bookkeeping, audit, tax filings and payroll. For Hong Kong companies we also file the offshore-exemption claim when the profits are sourced outside Hong Kong.
See compliance →Why USG
How we are different
We stay until the business works.
Roman Verzin · Founder
USG was built out of necessity by partners who run their own businesses across Hong Kong, China, Singapore, Central Asia and South-East Asia.
After 2022, every bank I went to said no – not because our business was problematic, but because of where I’m from. Every corporate service provider we asked told us the same thing: “Opening an account for someone like you is impossible. Figure it out yourself.”
Almost all providers, we found, serve clients who need a standard setup – Western passports, straightforward corporate histories. Real business is rarely that simple, and most of our clients have neither.
USG works with founders in that position.
Read Roman’s story →
The Process
What happens after you book
The first call
30 minutes with Roman and the USG team. Tell us about your business and where you’re from.
Get your setup plan
The plan sets out the jurisdiction, structure, banking route, and the scope and price of the work.
We handle everything
Documents, filings, bank applications, compliance instructions. Your part is to sign.
Start operating
Company registered, bank accounts open. We stay on for compliance and step in when new projects or problems come up.
Case studies
Recent cases
LatAm trader: from three refusals to two open accounts
European-passport founders in LatAm-connected minerals trade. Their Hong Kong account was closed and three later bank applications were refused. We consolidated ownership and moved the registered address to a clean provider, then rebuilt the application from scratch. Two banks accepted them for onboarding, and the accounts were opened in person.
Read →Electronics importer: a Hong Kong trade layer above Chinese suppliers
An importer needed a Hong Kong entity above their Chinese suppliers; the obstacle was the payment geography rather than the company itself. Hong Kong company in five business days, multi-currency banking via a UK-backed fintech plus a Chinese cross-border account – routes that pass audits and compliance reviews.
Read →A Central Asian industrial group’s China expansion
A state-linked industrial group expanded into China to buy equipment directly, replacing a distributor channel in which several intermediaries each took a margin. A roughly three-year engagement covering the subsidiary, multi-account banking, audit, treasury and government relations. Landed cost cut by about 18% – several million USD a year in savings.
Read →Trading company: working balance frozen on a payment platform
A payment platform froze a trading company’s full working balance with no real explanation – the trigger was a connected customer, not anything the company had done. We rebuilt the source-of-funds history and filed a complaint with the UK Financial Ombudsman; the money came back in full the day after the Ombudsman received it.
Read →Beauty distributor: relocating into China to keep European buyers
A distributor sourcing in Guangdong was losing European buyers who were worried about his home jurisdiction, and losing margin to payment intermediaries. We opened a WFOE where his suppliers already were; the buyers stayed, and the company recovered its setup cost from VAT refunds alone in year two.
Read →A contractor filed the company at a loss instead of claiming the offshore exemption
A previous contractor based in China had booked the Hong Kong company at a loss instead of claiming the offshore exemption it qualified for. We took over the company’s accounting and filings and, the next year, submitted a proper offshore-exemption claim built on real substance.
Read →Book a free call
Free 30-minute call. You explain what you need and leave knowing what’s realistic and what it costs.
Book a free 30-minute call →