Onboarding Friction for Asian Market Access
Been expanding my focus into Asian equities, particularly across the Nikkei and SET, and I'm finding the onboarding process with a few different brokerages a bit more cumbersome than expected. Specifically, the Know Your Business (KYB) checks, when operating through an LLC, seem to drag on indefinitely, often requiring repeated submissions of the same documentation, or a deeper dive into the beneficial ownership structure than I've encountered for US or European markets. It's not just about the paperwork; it's the lack of clarity on what's truly needed and the disjointed communication from account managers. This friction significantly delays capital deployment and access to liquidity, making it tough to capitalize on shorter-term opportunities. Has anyone else experienced this, and found any particular aspects that streamline this process or specific pitfalls to avoid when establishing new accounts for Asian market access?
I've run into similar issues with KYB for Asian markets, particularly when trying to use a corporate account. Have you found any specific brokers that are more streamlined for LLCs, or is it universally a slower process due to regulatory differences?