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Hong Kong Bank Account Opening and Maintenance

Updated:2018-12-28 11:43:36    Source:www.tannet-group.comViews:174

Hong Kong bank account opening has a number of advantages. For example, there is no restriction on foreign exchange remittance, free transfer of funds. And it is convenient in settlement of international trades. Hong Kong company has been alluring to foreign investors as the easiest entry to start the international business. It has been commonly agreed that Hong Kong company equipped with the Hong Kong bank account can maximize the function of the Hong Kong company.

Hong Kong Bank Account Opening
With the even tighter regulations on anti-laundering money and due diligence, it is more and more difficult to open a bank account. Before you can open an account with a particular bank, it is important to be aware of what your banking needs are, so that you can match those needs with what each bank offers.

To open a ban account in Hong Kong, basically you need to provide the following information:
1. Nationality and country of residence;
2. Your Hong Kong company documents and business activities in details;
3. Location of customers and suppliers;
4. Expected turnover;
5. Business transaction particulars, such as orders, purchase and sales invoices, contracts, bills of lading, etc.

Hong Kong Bank Account Maintenance
How to maintain your Hong Kong bank account is closely connected with your company operation afterwards. The following points you need to pay attention to after opening a Hong Kong account.

1. Keep well of monthly bank statements, bank receipt, bills, etc;
2. Maintain well of your Hong Kong company related files;
3. Make sure operators of the bank account is reachable by phone and email all the time;
4. Timely accounting and auditing is required;
5. Have sufficient account balance to pay account service fee monthly;
6. Keep a well contact with your bank manager in Hong Kong;
7. Avoid the remittance from and high-risk countries.

Tannet provides turnkey services for investors doing business in Hong Kong, from company setup, corporate secretary, bank account opening, bookkeeping and tax filing, annual return, trademark/copyright/patent registration, barcodes registration, etc.

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 86-755-82143512, 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, or Unit 702-703, 7/F, Fourseas Bldg,  208-212, Nathan Rd, Jordan, Hong Kong.

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