OPEN AN ACCOUNT – OFFSHORE BANKS

In most cases accounts can be opened with an offshore bank without the need for clients to visit the bank hence this is a perfect solution for international clients as they can incorporate a Hong Kong company and open a bank account without the need to travel. Accounts are usually opened within 2 weeks. The following is a step by step guide to the process:

STEP ONE

We will seek details from you of the intended business activity of your new Hong Kong company and details of your business experience in order we can suggest a bank best suited to your business requirements.

STEP TWO

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.

STEP THREE

You will need to complete the banks online account opening application which requires you to create your user profile including password and security questions, provide your personal details, provide details of your business experience, provide details of the intended business activity of your new company and upload your company registration documents. .

STEP FOUR

The bank will review your online account opening application and will contact you by email to arrange a brief video call.

STEP FIVE

The bank will verify your identity during the video call and discuss details of your intended business activities for your new company and the banking services you require.

STEP SIX

The bank will provide your new bank account details to you by email and will request you to arrange a transfer of funds to activate the account.

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.