5 Reasons Why You Need a Bank Account out of Hong Kong
Have you been ever wondering why you should open a bank account out of Hong Kong? Here is JUST A FEW advantages that international banking may bring to you and your company.
1. Business Freedom
You will stop being dependent on one country and one currency. More options equal more freedom.
2. Higher Interest Rates
Look abroad and you will find banks that offer significantly higher interest rates than what your current bank offers.
3. Currency Diversification
You may easily diversify your portfolio risk by holding foreign currencies. Moreover, currency diversification would also protect your purchasing power and internationalize your savings.
4. Healthier Banking Systems
Banks in stable jurisdictions offer low debt, they are very well capitalized, runned more conservatively and they usually keep more cash on hand.
5. Political Risk Mitigation
The biggest risk to your savings poses government. We only can expect higher bank deposit taxes, capital controls, retirement savings nationalizations, among other damaging actions.
Check out the banking guide where we share our favorite international banks.
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