How to Setup Hong Kong Bank Accounts9869398

Opening a bank-account in Hong Kong is pretty easy in case you have all of the correct documentation. You do not need to be resident or have a work visa to spread out 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 a private account. Overall though, establishing a banks in hong kong for personal or business usage is a simple process.

Personal Accounts

To start a personal account you need to provide proof of your address. The local surf forecast in Hong Kong you'll need proof any local address, for instance a power company bill as well as an Identity Card and other official ID. Non residents have to supply a passport or another official way of ID and evidence of their address in their home country. Usually the bank will then mail a letter on the address you provide that you simply then show on the bank if you open the account.

When you purchase a major international bank you are able to open a private account with an international bank which includes offices locally plus your country of residence. When you purchase an area banks in hong kong you may typically need to be physically present to open a free account.

Corporate Accounts

To open up a company bank account most banks requires private limited companies and offshore companies to submit the following documents and knowledge:

A board resolution authorizing and approving the outlet of a banking account as well as an account application completed and signed as authorized inside the resolution. Certified copies with 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 data to the company directors and principal shareholders owning 10% or maybe more from the company, including beneficial owners, and for each director and principal shareholder and authorized signatory An H.K. identity card or passport Evidence residence Sample signatures from the authorized signatories along with a bank reference letter A licensed organization chart showing the proportion of shares held by each shareholder and beneficial one who owns the corporation If ultimate beneficiaries are trusts a licensed copy from the trust deed with identification information for that trustees, settlers and beneficiaries Audited financial statements automobile ongoing business or perhaps a business strategy plan if the new company Offshore companies will be needing certificates of Incumbency and Certificate of excellent Standing. Hong Kong banks typically have to have the account signatories, principal directors and shareholders to get present during the time the organization bank account is opened. However, banks with overseas offices may open a business checking account at one the bank's overseas branches.