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Understand The Procedure Before Opening Hong Kong Bank Account

Updated:2022-2-24 18:52:35    Source:www.tannet-group.comViews:220

Applicants feel difficult since they still lack the knowledge for opening bank accounts.

There are many things that should be taken into account if you are going to open your bank account, especially in reputed offshore banking countries like Hong Kong or Singapore. Below are some key highlights in relation to Hong Kong bank account opening that you need to know:

Opening Hong Kong bank accounts for foreigners
Hong Kong allows everybody to open a bank account, regardless of Hong Kong resident or non-resident. Note, however, that foreigners opening a bank account in Hong Kong may be subject to more additional requirements for verification/identification purposes, compared to that for a local resident.

Options for opening a bank account in Hong Kong
From the perspective of an account holder, you may choose:
1.Personal bank account type: Applicable for any individual person who wishes to open a bank account in Hong Kong.
2.Corporate bank account type: Applicable for Hong Kong limited companies or overseas companies in Hong Kong.

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