The best way to Setup Hong Kong Bank Accounts416071

Opening a bank-account in Hong Kong is pretty easy in case you have each of the correct documentation. You do not need being resident or have a work visa to open a bank account. You may choose to open a business account for personal privacy or business reasons, however that will require more documentation and time than opening a personal account. Overall though, generating a hk banks for private or business me is a simple process.

Personal Accounts

To open your own account you will have to provide proof of your address. If you are living in Hong Kong you'll need proof your neighborhood address, for instance a utility bill as well as an Identity Card or other official ID. Non residents need to supply a passport and other official type of ID and proof of their address inside their home country. The bank will likely then mail instructions towards the address you provide that you simply then show for the bank when you open the account.

Split up into a worldwide bank you'll be able to open an individual account with the international bank containing offices locally along with your country of residence. When you purchase a nearby hk banks you'll typically be required to be physically given to open a free account.

Corporate Accounts

To open up a company banking account most banks requires private limited companies and offshore companies to submit these documents and information:

A board resolution authorizing and approving the opening of your bank account and an account application completed and signed as authorized inside 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, along with the business' Articles of Association (MAA) A declaration such as personal information to the administrators and principal shareholders owning 10% or higher with the company, including beneficial owners, as well as each director and principal shareholder and authorized signatory An H.K. identity card or passport Proof of residence Sample signatures in the authorized signatories and a bank reference letter A professional organization chart showing the share of shares held by each shareholder and beneficial one who owns the company If ultimate beneficiaries are trusts an authorized copy of the trust deed with identification information to the trustees, settlers and beneficiaries Audited fiscal reports appears to be ongoing business or a business strategy if the start up business Offshore companies will need a Certificate of Incumbency and Certificate of fine Standing. Hong Kong banks typically require the account signatories, principal directors and shareholders to get present at the time the corporate bank-account is opened. However, banks with overseas offices may open a corporate banking account at one the bank's overseas branches.