Hong Kong Bank Account Opening Service

As one of financial centres in the world, Hong Kong is an ideal place for making investment and opening bank accounts for investors. However, banks have different requirements on the formalities for and necessary information on opening accounts. A company’s director may have to spend additional time in making enquiries to the bank for this as he may fail to provide necessary information or is unfamiliar with the procedures for bank account opening, which may cause a waste of time for them.

Conpak has established a strong business relationship with Hong Kong’s international banks and courteously provide bank account opening service in Hong Kong. We will handle for enterprises the formalities for opening bank accounts with international banks in Hong Kong and assist them in making appointments with banks and the preparation for relevant documents needed, depending on the actual circumstances of such enterprise . The documents needed may include certified documents from accountants (issued by certified public accountants of Hong Kong), business licenses, director’s declarations and minutes of the board of directors.

Advantages of Opening Bank Account in Hong Kong

No restriction on foreign exchange remittance, free transfer of funds
Convenience in settlement of international trades
No interest tax with a higher actual revenues of deposits
Free conversion of currencies
Convenient daily account operation and online bank transactions
Convenience in getting trade financing from international banks

Required Documents

Company registration particulars, such as Company Registration Certificate, Business Registration Certificate, Articles of Association, Incorporation Form or Annual Return, etc.
Identification of shareholders, directors and signers and proof of address in the last 3 months
Business certification particulars, such as orders, purchase and sales invoices, contracts, bills of lading, etc.
Registration particulars of affiliated company
Personal and affiliated company’s bank transaction records in the last 3 months
Visa or Master credit cards

Methods of Opening Bank Account in Hong Kong

By visiting a bank in person: The directors visit a bank in Hong Kong in person. Under normal circumstances, the signature documents required for opening an account can be completed on the same day. The account opening is expected to be completed within 20 working days (specifically depending on the bank’s approval time).
By video conference: The directors visit the Hong Kong banks branch in mainland China. The process is witnessed by the staff of the branch. It takes 30 working days to open an account (specifically depending on the bank’s approval time).