How you can Setup Hong Kong Bank Accounts9322666

Opening a bank-account in Hong Kong is pretty easy in case you have every one of the correct documentation. You do not need being resident and have a piece visa to spread out a bank account. You might open a corporate account for personal privacy or business reasons, however that will require more documentation and time than opening an individual account. Overall though, establishing a hk banks form of hosting or business me is an easy process.

Personal Accounts

To start a personal account you need to provide proof of your address. If you reside in Hong Kong you will need proof your local address, for instance a utility bill with an Identity Card or other official ID. Non residents have to give you a passport and other official form of ID and proof of their address of their home country. Some of the bank will likely then mail correspondence on the address you provide that you then show on the bank once you open the account.

Split into a major international bank you are able to open your own account with the international bank which has offices locally plus your country of residence. Split into a local banks in hong kong you will typically need to be physically show open an account.

Corporate Accounts

To start a corporate bank-account most banks will demand private limited companies and offshore companies to submit the next documents and information:

A board resolution authorizing and approving the opening of your bank-account as well as 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 your owners and principal shareholders owning 10% or even more in the company, including beneficial owners, as well as for each director and principal shareholder and authorized signatory An H.K. identity card or passport Proof 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 owner of the company If ultimate beneficiaries are trusts a licensed copy of the trust deed with identification information for the trustees, settlers and beneficiaries Audited financial statements appears to be ongoing business or even a strategic business plan if your home based business Offshore companies will be needing certificates of Incumbency and Certificate of proper Standing. Hong Kong banks typically require the account signatories, principal directors and shareholders being present at the time the company bank account is opened. However, banks with overseas offices may open a business banking account at one the bank's overseas branches.