The way to Setup Hong Kong Bank Accounts155345

Opening a checking account in Hong Kong is pretty easy when you have all of the correct documentation. You no longer need to get resident and have a work visa to open up a bank-account. You might open a business account for personal privacy or business reasons, however that will need more documentation and time than opening an individual account. Overall though, starting a banks in hong kong form of hosting or business me is a simple process.

Personal Accounts

To spread out your own account you will have to provide proof your address. The local surf forecast in Hong Kong you need proof of your local address, such as a power bill as well as an Identity Card or any other official ID. Non residents have to give you a passport and other official type of ID and proof of their address within their home country. Often the bank will likely then mail instructions for the address you provide that you then show for the bank if you open the account.

Split into a global bank you are able to open an individual account by having an international bank which includes offices locally and in your country of residence. If you choose an area hk banks you are going to typically be required to be physically present to open a free account.

Corporate Accounts

To open a company banking account most banks will need private limited companies and offshore companies to submit the next documents and data:

A board resolution authorizing and approving the outlet of a banking 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, issued by the Hong Kong Inland Revenue Department, along with the business' Articles of Association (MAA) A declaration such as information that is personal to the owners and principal shareholders owning 10% or more in the company, including beneficial owners, and then 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 certified organization chart showing the proportion of shares held by each shareholder and beneficial one who owns the organization If ultimate beneficiaries are trusts an authorized copy with the trust deed with identification information to the trustees, settlers and beneficiaries Audited financial statements automobile ongoing business or perhaps a business strategy plan if a start up business Offshore companies will need certificates of Incumbency and Certificate of Good Standing. Hong Kong banks typically require the account signatories, principal directors and shareholders to get present back then the organization bank account is opened. However, banks with overseas offices may open a company bank account at one the bank's overseas branches.