Assisting in Opening a Bank Account
The procedures for opening a local bank account in Hong Kong are generally complicated and time-consuming, and SME customers may not know how to handle them properly.
Become a customer of our company and we can assist you in opening a bank account. We will prepare documents for you, make an appointment with the bank, follow up the application progress for you throughout the process, and coordinate and communicate with the bank so that you can open a bank account smoothly.
The time required to open an account depends on the company's operating experience, business model, background of shareholders and directors, etc. It generally takes about 4 weeks, and can take up to 8 - 10 weeks.
Advantages of Hong Kong bank account
No foreign exchange controls, funds can be allocated freely
Facilitates settlement of payments in international trade
Exempt from interest tax, the actual return on deposits is higher
Various currencies can be freely exchanged
The daily operation of the account is easy, and online banking can be opened for transactions
Facilitates trade financing from international banks
Required documents (each bank has different requirements)
Generally speaking, the required documents is as follows:
Fill in the forms required by the bank
Company registration documents, such as: certificate of incorporation, business registration certificate, company articles of association, incorporation forms or annual return, etc.
Proof of identity of shareholders, directors and signatories and proof of address in the last 3 months
Proof of business operation, such as: orders, purchase and sales invoices, contracts, bills of lading, etc.
Related companies' registration documents
Bank statements of individuals and related companies in the past three months