The best way to Setup Hong Kong Bank Accounts5162782

Opening a checking account in Hong Kong is fairly easy in case you have all the correct documentation. You do not need being resident or have a piece visa to open up a checking account. You might open a business be the cause of personal privacy or business reasons, however that will require more documentation and time than opening a personal account. Overall though, starting a banks in hong kong web hosting or business use is easy.

Personal Accounts

To start a personal account you will have to provide evidence of your address. Living in Hong Kong you'll need proof your local address, say for example a utility bill as well as an Identity Card or any other official ID. Non residents must give a passport and other official form of ID and evidence their address of their home country. Often the bank will likely then mail instructions on the address you provide that you simply then show towards the bank once you open the account.

When you purchase a worldwide bank you are able to open a personal account by having an international bank which has offices locally and in your country of residence. Split up into a local banks in hong kong you are going to typically need to be physically give open a free account.

Corporate Accounts

To start a company checking account most banks requires private limited companies and offshore companies to submit the next documents and data:

A board resolution authorizing and approving the outlet of your banking account with an account application completed and signed as authorized inside the resolution. Certified copies with the business' Certificate of Incorporation, from the Hong Kong Companies Registry, Business Registration Certificate, from the Hong Kong Inland Revenue Department, as well as the business' Articles of Association (MAA) A declaration such as personal data for the administrators and principal shareholders owning 10% or higher with the company, including beneficial owners, and for each director and principal shareholder and authorized signatory An H.K. identity card or passport Proof of residence Sample signatures from the authorized signatories as well as a bank reference letter A professional organization chart showing the proportion of shares held by each shareholder and beneficial person who owns the organization If ultimate beneficiaries are trusts a licensed copy of the trust deed with identification information for the trustees, settlers and beneficiaries Audited fiscal reports if the ongoing business or even a business strategy if the new company Offshore companies need a Certificate of Incumbency and Certificate of proper Standing. Hong Kong banks typically require the account signatories, principal directors and shareholders to get present at the time the company bank-account is opened. However, banks with overseas offices may open a company bank account at one the bank's overseas branches.