How to Setup Hong Kong Bank Accounts8787185

Opening a banking account in Hong Kong is relatively easy when you have every one of the correct documentation. You do not need being resident or have a piece visa to open up a bank-account. You may choose to open a company take into account personal privacy or business reasons, however that will need more documentation and time than opening a personal account. Overall though, setting up a banks in hong kong for personal or business me is a simple process.

Personal Accounts

To spread out a personal account you need to provide proof your address. Living in Hong Kong you'll need proof of your neighborhood address, such as a power company bill with an Identity Card or any other official ID. Non residents must give a passport or other official type of ID and proof of their address within their home country. Often the bank will then mail instructions on the address you provide which you then show towards the bank whenever you open the account.

If you choose a major international bank it is possible to open a personal account having an international bank which includes offices locally as well as in your country of residence. Split up into a nearby hk banks you are going to typically be asked to be physically present to open a free account.

Corporate Accounts

To open up a business bank-account most banks will need private limited companies and offshore companies to submit these documents and details:

A board resolution authorizing and approving the outlet of your checking account with an account application completed and signed as authorized inside the resolution. Certified copies from the business' Certificate of Incorporation, issued by the Hong Kong Companies Registry, Business Registration Certificate, issued by the Hong Kong Inland Revenue Department, as well as the business' Articles of Association (MAA) A declaration like the information that is personal for that 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 residence Sample signatures from the authorized signatories along with a bank reference letter An authorized organization chart showing the share of shares held by each shareholder and beneficial who owns the business If ultimate beneficiaries are trusts a licensed copy with the trust deed with identification information for your trustees, settlers and beneficiaries Audited financial statements if the ongoing business or perhaps a strategic business plan if a home based business Offshore companies need certificates of Incumbency and Certificate of excellent Standing. Hong Kong banks typically require account signatories, principal directors and shareholders being present at that time the company bank account is opened. However, banks with overseas offices may open a corporate bank account at one the bank's overseas branches.