The way to Setup Hong Kong Bank Accounts6605213

Opening a bank-account in Hong Kong is pretty easy in case you have every one of the correct documentation. You no longer need to get resident or have a piece visa to open up a banking account. You might open a company are the cause of security or business reasons, however that will require more documentation and time than opening your own account. Overall though, starting a hk banks form of hosting or business usage is a simple process.

Personal Accounts

To open up an individual account you will need to provide proof of your address. If you reside in Hong Kong you'll need proof the local address, say for example a electricity bill as well as an Identity Card or another official ID. Non residents have to give a passport or another official type of ID and proof their address inside their home country. Often the bank will then mail directions towards the address you provide that you then show on the bank when you open the account.

When you purchase a global bank it is possible to open a private account with an international bank containing offices locally and in your country of residence. Split into an area banks in hong kong you'll typically have to be physically show open a forex account.

Corporate Accounts

To open a corporate banking account most banks will need private limited companies and offshore companies to submit the subsequent documents and information:

A board resolution authorizing and approving the opening of your bank account plus an account application completed and signed as authorized in the resolution. Certified copies from the business' Certificate of Incorporation, from the Hong Kong Companies Registry, Business Registration Certificate, from the Hong Kong Inland Revenue Department, and the business' Articles of Association (MAA) A declaration including the personal data for that company directors and principal shareholders owning 10% or higher in the company, including beneficial owners, and for each director and principal shareholder and authorized signatory An H.K. identity card or passport Proof residence Sample signatures with the authorized signatories along with a bank reference letter A professional organization chart showing the share of shares held by each shareholder and beneficial one who owns the organization If ultimate beneficiaries are trusts a licensed copy in the trust deed with identification information to the trustees, settlers and beneficiaries Audited financial statements if the ongoing business or a business strategy plan if the start up business Offshore companies need a Certificate of Incumbency and Certificate of proper Standing. Hong Kong banks typically need the account signatories, principal directors and shareholders to become present at the time the corporate banking account is opened. However, banks with overseas offices may open a corporate bank account at one the bank's overseas branches.