The best way to Setup Hong Kong Bank Accounts5152626

Opening a banking account in Hong Kong is relatively easy in case you have all the correct documentation. You no longer need to get resident and have a piece visa to start a checking account. You may choose to open a company account for personal privacy or business reasons, however that will require more documentation and time than opening your own account. Overall though, generating a banks in hong kong form of hosting or business me is a simple process.

Personal Accounts

To start a private account you simply must provide proof your address. The local surf forecast in Hong Kong you may need evidence of your local address, for instance a electricity bill plus an Identity Card or any other official ID. Non residents have to supply a passport or other official kind of ID and evidence of their address in their home country. The bank might mail correspondence to the address you provide that you simply then show to the bank once you open the account.

Split into a global bank it is possible to open a personal account having an international bank that has offices locally plus your country of residence. If you choose a local hk banks you'll typically be required to be physically present to open an account.

Corporate Accounts

To open up a company bank account most banks will require private limited companies and offshore companies to submit the subsequent documents and data:

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