How you can Setup Hong Kong Bank Accounts576402

Opening a bank account in Hong Kong is fairly easy if you have all the correct documentation. You don't need to be resident or have a piece visa to open up a bank account. You might open a business take into account security or business reasons, however that will need more documentation and time than opening a private account. Overall though, generating a hk banks for personal or business use is easy.

Personal Accounts

To open up a personal account you will have to provide proof your address. If you are living in Hong Kong you will need proof the local address, say for example a utility bill as well as an Identity Card or other official ID. Non residents must give a passport or other official form of ID and evidence their address of their home country. The bank will mail a letter for the address you provide that you simply then show towards the bank when you open the account.

Split into a worldwide bank you can open an individual account having an international bank that has offices locally as well as in your country of residence. If you choose a nearby hk banks you are going to typically need to be physically show open a free account.

Corporate Accounts

To start a corporate banking account most banks requires private limited companies and offshore companies to submit these documents and information:

A board resolution authorizing and approving the outlet of the bank-account plus an account application completed and signed as authorized in the resolution. Certified copies of the business' Certificate of Incorporation, from 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 such as personal data for the owners and principal shareholders owning 10% or maybe more of 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 of the authorized signatories as well as a bank reference letter A certified organization chart showing the percentage of shares held by each shareholder and beneficial who owns the company If ultimate beneficiaries are trusts a certified copy from the trust deed with identification information for the trustees, settlers and beneficiaries Audited financial statements appears to be ongoing business or perhaps a business strategy if your new company Offshore companies need a piece of paper of Incumbency and Certificate of proper Standing. Hong Kong banks typically require the account signatories, principal directors and shareholders to become present back then the business bank account is opened. However, banks with overseas offices may open a business bank account at one the bank's overseas branches.