The way to Setup Hong Kong Bank Accounts8442394

Opening a checking account in Hong Kong is pretty easy in case you have every one of the correct documentation. You don't need being resident and have a work visa to spread out a checking account. You may choose to open a company are the cause of security or business reasons, however that will need more documentation and time than opening your own account. Overall though, generating a banks in hong kong for personal or business use is a simple process.

Personal Accounts

To open a personal account you need to provide proof of your address. If you are living in Hong Kong you need evidence of your neighborhood address, for instance a utility bill with an Identity Card and other official ID. Non residents must provide a passport or another official way of ID and proof of their address inside their home country. Some of the bank will likely then mail a letter for the address you provide that you simply then show for the bank once you open the account.

Split up into a major international bank it is possible to open an individual account having an international bank which has offices locally as well as in your country of residence. When you purchase a neighborhood banks in hong kong you are going to typically be asked to be physically present to open a forex account.

Corporate Accounts

To open up a business bank account most banks will require private limited companies and offshore companies to submit the next documents and details:

A board resolution authorizing and approving the opening of the checking account plus an account application completed and signed as authorized in 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 to the owners and principal shareholders owning 10% or higher of the company, including beneficial owners, as well as 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 An authorized organization chart showing the proportion of shares held by each shareholder and beneficial person who owns the business If ultimate beneficiaries are trusts a licensed copy in the trust deed with identification information to the trustees, settlers and beneficiaries Audited fiscal reports if an ongoing business or possibly a strategic business plan if your new business Offshore companies will need a piece of paper of Incumbency and Certificate of excellent Standing. Hong Kong banks typically require account signatories, principal directors and shareholders to get present during the 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.