Do I need to set up a business bank account to start a startup (ecommerce)?
Technically, no. Even if you own a small business, it's always a good idea to separate your business and personal bank accounts, even if it's not required.
Here are a few advantages of opening a business bank account:
Professionalism. Issuing a personal check to your suppliers or clients could jeopardize your company's future credibility. Having a business account only demonstrates that you take your work seriously.
Finance Management Has Been Made Easier. It's easier to track and control your expenses when you keep your business and personal accounts separate.
There will be less tax issues. Audit won't be an issue, and you'll be able to maximize your business tax deductions.
To learn more about their HK company formation process, visit :
https://asiabc.co/services/company-registration/hk-with-fintech-account/
They are knowledgeable in their field and incorporation process, their team goes beyond the extra mile to give you tailor-made advice and end-to-end assistance.