As said @martin you must forget to work with bank with this kind of invoice. None bank will accept the concept of defence, gun , ammunition, armaments, etc...,
Perhaps you would need to modify your terminology in your contracts. Perhaps "surveillance" would sound better than defence. I don't know, but posibly the lexic can be have some determinance. Some decade ago the magazine SOF (soldier of fortune) had anouncement for surveillance in big farms territory.They wanted SOFs for Angola, Benin etc...
. It sound better
if you download some KYC or AML manuals, you will find all the words and terms that it's better not use, and the concepts to avoid.
So perhasp your solution beguin for a new redaction in your contracts or in your invoices and over all in amounts not so bigs.
1. Open a personal bank account in Hong Kong in a local bank (the ones with no offices overseas)
No, that happens in EMIs like Neat.
That very much depends on what the nature of the business is and what you have told them you are going to do. If this is illegal money or against the laws in the applicable country they will freeze the funds and you will have to explain you to the police if you want your money back. That's what I have seen happen a few times when people claim "they didn't do anything wrong" but the bank freezed their account!
Most often it can change the game so to say. You will need to figure out if your business is legal in the country of your choice and if the bank you want to use will accept it. That's most often a huge research task and sometimes it will end up wrong for you, means you won't find any legit solution for your banking needs.
Possible, less taxes than HK but more trouble opening the bank account. It just matter of how much you want to spend in the structure
I would not rate it as hiding information, to the bank, but presenting the information under another approach. You can tell the bank that you have the bottle half empty or half full. The bottle will be the same. In this case, the final objective of the work offered may be presented under different formats that are less noisy to the ear, such as using the word "defense." Within the total ignorance about the purpose of the contract or the provision of services, I think there are different ways to focus a service disguising it so that more ligth appears. The protection services offered in Iraq, or Syria for large companies that need to protect their engineers or managers, are established with mercenary contractor companies. But no contract mentions the word mercenary, defense, automatic weapons etc ...
You mean for the company formation or if you want a bank account there too?
