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Hong Kong Bank Account Opening Overview

Updated:2018-5-14 14:39:26    Source:www.tannet-group.comViews:1009

Hong Kong bank account opening is one of Tannet's business services. 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.

Tannet 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 A 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 for Hong Kong Bank Account Opening
Original copies of identification documents of shareholders and directors;
Original copy of Business Registration Certificate;
Original copy of articles of association of the company;
Statutory documents for incorporation;
Proof of the directors’ addresses;
Business evidence, such as purchase orders, invoices for sales and purchase, contracts, bills of lading;
Certified documents from accountants.

Methods of Opening Bank Account in Hong Kong
By visiting a bank of Hong Kong in person;
By video account opening.

Procedures for Opening Bank Account in Hong Kong
1. Submit a bank account opening application;
2. Assign a bank account number;
3. Deliver a cheque Book;
4. Deliver passwords for online banking;
5. Activate online banking password;
6. First time online banking registration service;
7. Deliver or obtain ATM card and password.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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