HiTouch Consulting providers several local and international Hong Kong Bank Account Opening. Open Account Services for a huge proportion of organizations in Hong Kong and also are a substantial customer base for banks. Fantastic money management centers, Internet banking which will help keep tabs on cash moves, trade financing, short-term and long-term loans will be the vital fund needs of any business. All significant banks in Hong Kong, international and local alike, have made products and solutions to address these requirements.
Launching a Corporate Bank Account is a rather straightforward and straightforward process. But before you may start an account with a specific bank, it's essential to know about exactly what your banking requirements are, so you can meet those requirements with what every lender provides.
- This report serves to compare characteristics of corporate bank accounts across major banks in Hong Kong.
- Most banks in Hong Kong will need Hong Kong private limited companies and overseas businesses to submit these documents and data so as to start a corporate bank account.
- Documents Necessary to open a corporate bank account in Hong Kong.
- Bank account opening type that's been duly completed and signed by authorized signatories, in accordance with the Board settlement.
- An infusion of this board resolution approving the launching of corporate bank accounts.
- A certified true copy of the Organization's Articles of Association.
- A manager declaration that offers the personal details of directors and main shareholders.
- A primary shareholder is an individual entitled to exercise or control the exercise of 10 percent or more of their organization's voting rights.
- A replica of this Hong Kong identity card or passport; residential evidence like utility bills, bank statements, driving license etc.; and preceding title or alias evidence (if appropriate ) for all one of those supervisors, approved signatories, main shareholders and beneficial owners of corporate investors.
- Proof of company like the business program or audited financial statements.
- For corporate partners of this firm: A certified copy of an organization chart that shows the proportion of shareholdings held by every individual and the ultimate beneficial owners of the business.
- Information of ultimate beneficial owners to nominee shareholders of an organization.
- For ultimate beneficiaries that trust: A certified copy of the trust deed or declaration of hope with specifics of their trustees, settlers as well as inheritance.
- Important note: The copies of all documents filed must be licensed by a certified public accountant, company secretary, banker or lawyer.
Other Prerequisites
As well as the above-mentioned records, many Opening Bank Account in Hong Kong will need an initial minimum deposit so as to start the bank accounts. Offshore firms which are starting a corporate bank account in Hong Kong will have to submit a Certificate of Incumbency and Certificate of Good Standing in addition to the ordinary documents. Virtually all banks in Hong Kong follow rigorous due diligence processes and need the account signatories, primary managers and investors to be physically present in Hong Kong at the time of launching the corporate bank accounts. But some banks may authorize the launch of corporate bank accounts with no need for supervisors, supervisors, and signatories to be physically present in Hong Kong. The files could be signed in one of the lender's overseas branches at the existence of a note.
