Bank Account Opening for Hong Kong Company
After Hong Kong Company officially established, the most important thing is to open bank account.
There are three situation for bank account opening, details as below:
1.Option One: Open bank account in HK directly
The director and shareholder of the Hong Kong Company will make appointment with banks in Hong Kong firstly, and then go to HK in person with whole sets HK company docs, chops and personal passport or ID etc. It will be faster to finish the account opening process and finally get your Hong Kong Company bank account directly.
2.Option Two: Taking HSBC Video service to open your bank account in Hong Kong
If the director and shareholder of the Hong Kong Company are not convenient to Hong Kong in person, you may consider to take HSBC Video service in Shanghai to finish the interview process in Hong Kong, save your time and cost. We can help make appointment without additional charge.
Documents required for HSBC Video service:
1) Certificate of Incorporation / CI
2) Business Registration Certificate /BR
4) Articles of Association
5) Passport and address proof of director and shareholder (address proof: e.g. latest bank statement/utility bill/driving license/lease contract etc.)
All above must be in original or certified true copies.
6) Business Proof: If it is a new company without business yet, they can provide us 2-3 sales
Contracts, payment invoices, purchase orders of other existing company of the director. For business proof, only copies are required.
The one-off handling charge for account opening now is HKD3,350, with minimum balance is HKD50,000/per month, if below this amount, 100HKD will be caused at each month as maintenance fee. The charge standard is floating according to rules, details depends on bank’s final confirmation.
3.Option Three: Open off-shore bank account in Mainland China
Whether you can your off-shore bank account in Mainland China, it was decided by the rules and policy. But no matter where you open your bank account, the account function is basically same, you can receive TT, L/C etc., but for L/C business, the related original papers need to be posted to your bank in HK which will take time. Sometimes the L/C issued or forwarded from domestic banks were not accepted by some overseas bank. So you need to check clearly before making final decision.