Hong Kong company account opening
Opening a bank account in Hong Kong
 | Documents required for opening a Hong Kong bank account： 1. Domestic company business license (best provided if available, can improve your application score for account opening) 2. Two copies of domestic business contracts (domestic invoices are preferred, contract amounts should correspond to the bank's transaction volume) 3. Two copies of domestic purchase contracts (domestic invoices are preferred, contract amounts should correspond to the bank's transaction volume) 4. Bank statements of the domestic company for the past three months 5. Bank statements of the directors for the past three months (it is recommended to have a larger deposit balance corresponding to the transaction volume) 6. Directors' ID cards, travel permits, and border crossing receipts should be kept. 7. Hong Kong company's certificate of incorporation, business registration certificate; NNC1 or NAR1 documents; if the company has undergone changes, the latest change information must also be provided. Note: Full refund will be given if account opening is unsuccessful. Time: Approximately 4-8 weeks (depending on the bank) |
_____Benefits of opening a bank account for a Hong Kong company_____ Registration advantages 01 Opening an account is simple and has a high success rate. There are many banks to choose from when opening a bank account in the name of a Hong Kong company. Although some local banks in Hong Kong have recently tightened their account opening policies, opening an account with other banks is still relatively simple and has a high success rate. 02 There are no restrictions on receiving and paying foreign exchange. After opening a bank account in Hong Kong, companies engaged in import and export trade are not subject to domestic or international foreign exchange controls. An account that allows free flow of overseas funds to meet daily business needs. 03 Overseas asset allocation High-net-worth individuals from mainland China use their Hong Kong offshore accounts to invest in overseas real estate.Overseas investment, Hong Kong insurance, overseas immigration, and study abroad programs all require overseas asset allocation. 04 There are no restrictions on deposit interest rates or types of deposits. Hong Kong account deposit interest rates and product types are not subject to mainland regulatory restrictions， More favorable interest rates than similar deposits at overseas banks、 Flexible deposit and withdrawal options. Especially for large deposits, funds can be withdrawn according to customer needs.Customized options in terms of interest rates and terms, offering flexibility and convenience. 05 Legal tax avoidance The Chinese government exempts interest earned on offshore deposits from interest tax, making the actual net return on offshore deposits even more substantial. | Hong Kong company bank account opening process 1. Provide documents to the bank 2. Bank reviews and arranges appointment for signature 3. Bank consultation 4. Schedule account opening 5. Account opening successful 6. Online banking department issues password to customer Successful opening of a Hong Kong bank account will grant you： 1. Ordinary checking account; 2. Online banking username and password; 3. Bank card; (If needed, the bank will mail the card directly to the customer. Our company does not apply for bank cards unless specifically requested by the customer.) |
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Hong Kong's major banks： | |
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