How to Setup Hong Kong Bank Accounts1038889

Opening a banking account in Hong Kong is fairly easy if you have each of the correct documentation. You no longer need to become resident and have a work visa to spread out a bank account. You may choose to open a corporate are the cause of personal privacy or business reasons, however that will require more documentation and time than opening a private account. Overall though, generating a banks in hong kong form of hosting or business me is a simple process.

Personal Accounts

To open a personal account you will have to provide proof your address. Living in Hong Kong you need evidence any local address, say for example a power company bill and an Identity Card or another official ID. Non residents must give you a passport or any other official form of ID and evidence their address in their home country. The bank will likely then mail directions for the address you provide that you then show to the bank whenever you open the account.

If you choose a worldwide bank it is possible to open a private account by having an international bank which has offices locally as well as in your country of residence. Split into a nearby hk banks you'll typically be required to be physically given to open a forex account.

Corporate Accounts

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