The way to Setup Hong Kong Bank Accounts9343231

Opening a checking account in Hong Kong is pretty easy for those who have every one of the correct documentation. You don't to get resident or have a piece visa to open up a checking account. You might open a business be the cause of security or business reasons, however that will require more documentation and time than opening a private account. Overall though, establishing a hk banks web hosting or business use is a simple process.

Personal Accounts

To start an individual account you will have to provide evidence of your address. If you are living in Hong Kong you need proof of any local address, say for example a electricity bill as well as an Identity Card or another official ID. Non residents need to give you a passport or other official form of ID and evidence of their address within their home country. The bank might mail directions towards the address you provide that you just then show to the bank whenever you open the account.

Split up into a major international bank it is possible to open your own account with an international bank which has offices locally along with your country of residence. When you purchase an area hk banks you will typically be required to be physically present to open a forex account.

Corporate Accounts

To open up a business checking account most banks will need private limited companies and offshore companies to submit these documents and information:

A board resolution authorizing and approving the opening of your bank-account and an account application completed and signed as authorized in the resolution. Certified copies of the business' Certificate of Incorporation, from the Hong Kong Companies Registry, Business Registration Certificate, issued by the Hong Kong Inland Revenue Department, and the business' Articles of Association (MAA) A declaration such as the private information for that administrators and principal shareholders owning 10% or more of the company, including beneficial owners, and then for each director and principal shareholder and authorized signatory An H.K. identity card or passport Evidence of residence Sample signatures in the authorized signatories as well as a bank reference letter A professional organization chart showing the percentage of shares held by each shareholder and beneficial who owns the corporation If ultimate beneficiaries are trusts a certified copy in the trust deed with identification information for the trustees, settlers and beneficiaries Audited financial statements automobile ongoing business or perhaps a business plan if your new company Offshore companies will require a Certificate of Incumbency and Certificate of Good Standing. Hong Kong banks typically require the account signatories, principal directors and shareholders to get present at that time the corporate banking account is opened. However, banks with overseas offices may open a business bank account at one the bank's overseas branches.