Reasons for opening a bank account in HK
- Hong Kong is an international financial centre in the World
- No restriction for fund transfer, because of a well-established banking infrastructure
- High standard of confidentiality for both bank account holder(s) and account transactions information
- No tax on interest income earned in HK bank account
- Free conversion of different currencies
- Easy in settlement of international trades
- Simple and convenient to get financing from bank in HK
Different bank have different requirements for account opening, normally required:
- Original copy of all incorporation document of the company, e.g. Certificate of Incorporation, Business Registration Certificate, Memorandum and Articles of Association (for newly incorporated company)
- Address proof, e.g. telephone bill, electricity bill or personal bank statement, for both director(s) and shareholder(s)
- Passbook copy for both director(s) and shareholder(s)
- Opening document certified by CPA
- Business proof, e.g. business plan of the company
Processing Time:
Depending on the completeness of submitted documents and information, the normal trun around time will be 1 day (e.g. HSBC). For some banks, it may takes around 10 days to complete checking.
Our client normally could obtain the bank account in one day if they are introduced by us or processed the application through our company.
Fee:
Our minimum fee for account opening process is HKD5,000 (not including bank charges and courier fee etc.)
