How you can Setup Hong Kong Bank Accounts7998535

Opening a checking account in Hong Kong is comparatively easy if you have every one of the correct documentation. You do not need to be resident and have a piece visa to open up a banking account. You might open a company are the cause of security or business reasons, however that will require more documentation and time than opening a personal account. Overall though, generating a hk banks form of hosting or business usage is an easy process.

Personal Accounts

To spread out a personal account you need to provide evidence of your address. If you are living in Hong Kong you'll need proof your local address, say for example a power bill and an Identity Card or another official ID. Non residents should supply a passport and other official form of ID and proof of their address in their home country. Often the bank might mail correspondence for the address you provide which you then show towards the bank if you open the account.

When you purchase an international bank it is possible to open a personal account with an international bank containing offices locally plus your country of residence. Split up into a nearby hk banks you will typically have to be physically give open an account.

Corporate Accounts

To spread out a business banking account most banks requires private limited companies and offshore companies to submit the next documents and information:

A board resolution authorizing and approving the outlet of an banking account plus an account application completed and signed as authorized within 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, along with the business' Articles of Association (MAA) A declaration such as information that is personal for that owners and principal shareholders owning 10% or even more from the company, including beneficial owners, as well as 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 An authorized organization chart showing the share of shares held by each shareholder and beneficial person who owns the business If ultimate beneficiaries are trusts an authorized copy of the trust deed with identification information for your trustees, settlers and beneficiaries Audited fiscal reports appears to be ongoing business or perhaps a business strategy if a start up business Offshore companies need a piece of paper of Incumbency and Certificate of fine Standing. Hong Kong banks typically require account signatories, principal directors and shareholders to be present at that time the company bank-account is opened. However, banks with overseas offices may open a business bank account at one the bank's overseas branches.