The way to Setup Hong Kong Bank Accounts999817

Opening a bank-account in Hong Kong is pretty easy in case you have each of the correct documentation. You don't need to be resident and have a piece visa to open a checking account. You might open a corporate account for personal privacy or business reasons, however that will need more documentation and time than opening your own account. Overall though, setting up a hk banks for private or business use is an easy process.

Personal Accounts

To spread out a personal account you need to provide evidence of your address. Living in Hong Kong you may need evidence of your local address, like a electricity bill as well as an Identity Card or any other official ID. Non residents must give you a passport and other official form of ID and proof their address inside their home country. Some of the bank might mail a letter towards the address you provide that you then show on the bank when you open the account.

When you purchase a major international bank you can open an individual account with the international bank which includes offices locally and in your country of residence. When you purchase a local banks in hong kong you will typically be required to be physically show open a forex account.

Corporate Accounts

To spread out a corporate bank-account most banks will need private limited companies and offshore companies to submit the subsequent documents and data:

A board resolution authorizing and approving the outlet of an bank-account with an account application completed and signed as authorized inside the resolution. Certified copies from the business' Certificate of Incorporation, from the Hong Kong Companies Registry, Business Registration Certificate, issued by the Hong Kong Inland Revenue Department, and also the business' Articles of Association (MAA) A declaration including the private information to the company directors and principal shareholders owning 10% or higher of the company, including beneficial owners, as well as for each director and principal shareholder and authorized signatory An H.K. identity card or passport Evidence residence Sample signatures with 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 person who owns the business If ultimate beneficiaries are trusts a certified copy of the trust deed with identification information for that trustees, settlers and beneficiaries Audited fiscal reports if an ongoing business or perhaps a business strategy if the start up business Offshore companies will need certificates of Incumbency and Certificate of proper Standing. Hong Kong banks typically have to have the account signatories, principal directors and shareholders to become present at that time the organization bank account is opened. However, banks with overseas offices may open a company checking account at one the bank's overseas branches.