Open HK Company Bank Account

Wherever you set up your companies, you can open bank accounts in Hong Kong. SMEs account for a large percentage of companies in Hong Kong and are a significant customer base for banks. Excellent cash management facilities, Internet banking that helps keep track of money movements, trade financing, short term and long term loans are the key finance requirements of any enterprise. All major banks in Hong Kong, local and international alike, have designed products and services to address these needs.

Local bank accounts & offshore bank account
Local account means a Hong Kong enterprise open a account in HK while the offshore account means open a account outside HK such as Guangzhou,Shenzhen,Beijing such and so on.. Any company can open a bank account with a local bank or an offshore bank for their different purposes. If a HK Company opens a bank account with a local bank, it is called a local bank account, If a HK Company opens a bank account with a Guangzhou bank, it is called an offshore bank account.

Who should go to the bank for a corporate account opening
Normally,principal directors and shareholders whose shares are more than 10% (including 10%) should be physically present in Hong Kong at the time of opening the corporate bank account.

Time of HK bank account opening
It usually takes two hours to open a bank account, and the bank needs further confirmation of the documents provided by the applicants with the relevant government department. This confirmation processing takes about one month. But different banks have different rules, the detailed time depends on the different banks.

Documents required for opening a corporate bank account in HK
1-Passport and Hong Kong entry ticket
2-Living address proof within 3 months
3-HK company documents ( including CI, BR, NAR1,official seal, etc. )
4-Business proofs under HK company name:
- Purchase and sale contracts (2-3 copies each) (such as invoice, bill of landing, contract, etc.)
5-Other documents

What’s more, if you are not from Hong Kong visa-free countries, or you don’t like to go to hong kong, you can open offshore corporate account in Guangzhou or other cities. Hong Kong company offshore bank account is more easier to apply. But different banks requires different documents, welcome to contact us for more details. 
 
For further information or assistance, please feel free to contact us.

Contact: Cora Yeung
Tel: +86 18902250059
Wechat: +86 18902250059/ Timely-Cora
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