Offshore banks will usually open company bank accounts without the need for clients to visit the bank. The following is a step by step guide to the process:
We will seek details from you of the intended business activity of your new Hong Kong company and details of your business background in order we can suggest a bank best suited to your business requirements.
We will provide contact details for you to liaise with the bank to commence the account opening. Please note you can only commence the process to open a bank account once your new company has been incorporated as the banks require the company registration documents before they will consider your account opening application.
You will need to complete the banks online account opening application in order to open an account. The banks online application requires you to provide your personal details, upload your company registration documents, provide details of the intended business activity of your new company and provide details of your business background.
The bank staff will review your online account opening application and will contact you by email to arrange a brief video call.
The bank staff will verify your identity during the video call and discuss details of your intended business activities for your new company, your business background and the banking services you require.
You will need to courier a certified true copy of your passport and your signed account opening application to the bank. We will submit the CPA certified true copies of the company incorporation documents to the bank.
The bank will usually require around 2 weeks to process the bank account opening application after receiving the signed application and the CPA certified true copies of the company incorporation documents.
The bank will provide the new bank account details to you by email and will request you to arrange a transfer of funds to activate the account. The bank will send the internet banking device to you by courier once your funds to activate the account have been received by the bank.
It is important to take the time to ensure you are properly prepared before submitting your account opening application to the banks as failure to provide the required information and documents can lead to delays and possible rejection of the account opening application. We take the opportunity to refer you to our general guide to the account opening requirements for details of the information and documents required.
Please note the banks can change their account opening requirements and account opening process without notice.