The documents required to set up a bank account for companies in hong kong are the certificate of incorporation or business registration certificate, the articles of association, proof of. International accounts give you advantageous options, enabling smooth company and bank account management. In this program, we work with selected hong kong banks as their intermediary of business account opening, we offer freeofcharge preassessment to our clients to estimate the chance of approval and select the most feasible hong kong bank to apply for the account. There exist an list about the countries what are not accepted anyway, the list about the countries which citizens. The question mark images near the fields denote further details or help. You will be rewarded with bonus interestbonus interest click here to open new window this link will open in a new window on your hong kong dollar savings accounts when your total relationship balancetotal relationship balance click here to open new window this link will open in a new window reaches hkd1,000,000. It is possible for both locallyincorporated and foreign i e. For hong kong residents looking to open an overseas account, all you need to do is contact our international banking centre ibc in hong kong and we will provide you with all. When entering a hong kong bank account, you should haveseparate fields for bank code, branch location, branch code, and account number. Hsbc in hong kong offers a wide range of checking accounts tailored to each clients lifestyle. Whether youre switching careers, starting a family or moving abroad, hsbc. Over the past 12 months, in our efforts to open a business bank account, our hong kong startup was rejected by no less than four banks. View all of your finances in one consolidated statement. Select cyberbanking service select cyberbanking service.
This is a nocin ros application with at least one applicant booked mo appointment. You will be rewarded with bonus interestbonus interest click here to open new window this link will open in a new window on. Overseas businessmen who incorporate companies in hong kong usually face difficulties with opening bank accounts with local banks due to the banks complicated compliance procedures. Clients should bring a set of required documents to their appointment. Home personal banking account services documents required to open corporate accounts. To find out which jurisdictions are now better options for you, please read our practical international banking guide, in which you will find the names and contact details of individual personnel within banks all. Hong kong dollar savings account and hong kong dollar current account are designated basic accounts for the integrated account services. High interest savings account sick and tired of earning 0. Offshore banks can also issue corporate, internationally recognized credit cards. Our hong kong law firm can provide you with specialized assistance for all corporate matters, including opening a bank account and other banking issues. To provide you with added convenience, we offer you a variety of ways to access your account information via our citibusiness centers. An hsbc bank account number is required, as well as the clients pin or phone number. Some of the largest banks in the city and found throughout the country are bank of china and hsbc. If you are opening a joint bank account then both parties must be.
An rmb account in the joint name of a hong kong resident and a nonhong kong resident will be. Hsbc hong kong has further tightened its commercial account opening requirement, this change makes startups small businesses entrepreneur originated from either hong kong or overseas extremely hard to open a business bank account there. With roughly 150 banks in hong kong, it is important to select a suitable bank depending customers background and business. Business need banks and it is crucial to choose the bank that fits your financial needs and goals. Hong kong incorporated limited company bank account opening documents 1 all documents copies provided to hsbc must be certified by the following persons. Cheques are still used in hong kong to a large extent, so it is useful to set up a chequecurrent account with a cheque book. They must contact an advisor in person by visiting a hsbc bank branch or book an appointment by phone. That said, you can open a bank account remotely, before you arrive, if your home bank has a presence in hong kong. You must complete all fields that are marked with an asterisk.
If you have a shitty passport then you can still open a bank account in hong kong but it will not be as easy. This article serves to compare features of a corporate bank account across major banks in hong kong. The information submitted through this web page is encrypted during transmission. Hong kong has a reputation as a fastpaced city, but the formality of opening a bank account in hong kong can seem slow and oldfashioned for many expats. An allinone account with hkd savings and current accounts, 11 foreign currency savings accounts including rmb, time deposits and investments. Please bring along all required documents and initial deposit of hkd10,000 to the appointment for account opening. Aug 31, 2016 hsbc, standard chartered bank and citibank are selected, as they are the global banks which would be the best options for expats to open a bank account. The hsbc dollar account provides the basic services, as well as access to mobile banking and the ability to send payments. A hong kong company without a bank account is simply useless. However, the hkd current account service is not applicable to integrated account applicant aged below 18, m. Please understand theres no need to open a hong kong bank account for a hong kong registered company. Commission transaction levy, hong kong exchanges and clearing limited trading fee and stamp.
Open an international bank account hsbc international. Alternatively, we are offering success guaranteed hong kong corporate bank account opening service for clients. Book an appointment book an appointment about booking an appointment. Book for counter service on the same day or up to 5 business days in advance to. Use the request call back button to submit a form where one of our agents will call you back. When opening an account through one of these two banks, you have access to hundreds of other branches throughout the country while a smaller bank in hong kong is not lcoated in other areas of the country. How to open a bank account in hong kong transferwise. Manage your account and perform transactions using mobile banking, online banking, express banking, over the phone and in the branch. They want to meet all the directors and significant shareholders of the company to know who the client is.
Please inform your business partners your account details for inward payment. Ive talked to almost every bank in hong kong over a 2 day full time effort, and. Opening a corporate bank account in hong kong takes about 2 weeks to complete. Their online banking features give you financial access no matter where youre located. There is no restriction for fund flow into or out of hong kong bank accounts, and the identity of account beneficiary and transaction information are also subject to very high standard of confidentiality. However, it is important that you do not provide your account, credit card numbers, convey any confidential information or banking instructions in the remarks. Hsbc is well recognised as the best ebanking partner. You may click on the appropriate link below to view the account opening information. You can still open a bank account as a tourist there, and use that to top up your alipay account. Bochk helps maximise your wealth potentials with innovative, professional and diversified services, striving to become your premier bank. Appointment booking ask about our products give us feedback make a complaint. Documents required to open corporate accounts bank of east.
Hsbc, standard chartered bank and citibank are selected, as they are the global banks which would be the best options for expats to open a bank account. Yes, uk citizens who are not hk permanent residents are accepted, there are the same rules for everyone who wishes to open account. The worst place in the world for a startup to open. You can speed this up by coming prepared with the following. The ultimate guide to opening a bank account for expats. A bank account is essential for daytoday business operations. Instead, skip the diy approach and head straight to a branch with your documents. However, foreign nationals, first opening a bank account in hong kong, facing some difficulties because of the nature and complexity of the legislation preparation procedures. To open a bank account, first of all, a customer need a personal meeting with a representative of the bank, then the bank will have up to five weeks to make a decision.
The documents required to set up a bank account for companies in hong kong are the certificate of incorporation or business registration certificate, the articles of association, proof of the business activity and experience in the sector. Rules for business bank accounts are much stricter, and youll always need to apply in person. Ive talked to almost every bank in hong kong over a 2 day full time effort, and all needed the directors to come in person. Online banking isnt too speedy and a visit to a branch can be required to complete proceedings. The setup of a hong kong company is therefore the best option to maintain your financial freedom in such a secure environment. Mar 18, 2016 the quick answer is, you need to be in hong kong to open your bank account. A bank account is essential for day to day business operations. Or by contacting the branch or your relationship manager, well guide you through completing your application forms and help you set up your account. We assist you in the opening of multicurrency bank accounts in hong kong for your company or personal account in one of the leading banks which provides a highquality service with internet banking.
Hong kong is among the best places in the world to do business. Can startups open corporate bank account in hong kong. However, 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. How to open a hong kong offshore bank account since the publication of this article, it has become a great deal more difficult to open an account in either hong kong or singapore. A nonresident foreigner can open a bank account in hong kong but personal bank account by yourself. How to open a hong kong offshore bank account private. A good passport is one from usa, canada, australia, uk, western europe, etc. However, it is important that you do not provide your account, credit card numbers, convey any confidential information or banking instructions in the remarks section.
Citibank offers a range of savings and checking current accounts that enable you to easily accumulate capital and manage your finances. In fact, many local service provider completely lack the knowledge regarding suitable banks and the latest bank account opening requirements in hong kong. An international or offshore bank account is one opened in a jurisdiction different from where a company is incorporated. Business account opening bank of china hong kong limited. You can open an international account in more than 30 countries and territories around the world. While opening a basic bank account is quite straightforward, opening a business bank account requires a bit more work. Each customer can open one 1 renminbi current account only including both sole and joint accounts. Hong kong is a international financial center which is well known for its famous banking infrastructure. Hong kong has no foreign exchange control, so funds can be transferred in and out easily. Bank accounts savings, current, time deposit hsbc hk. Citibusiness account opening status hotline 852 2962 3688. Opening a corporate bank account in hong kong business.
Opening a corporate bank account is a relatively simple and straightforward procedure. Although not as easy as opening a bank account in mainland china, opening a bank account in hong kong is also relatively easy if you have a good passport. There was a time when hong kong was one of the easiest places in the world to open a business account, with no limits on the transfer of international funds. Clients can manage their account in person at hsbc banks branch, through the.
Offshore banking services, open a bank account in hong kong. Activating your new account hsbc commercial banking. To open any kind of account you need a valid hong kong identity card. Opening a personal bank account with deposit of less than usd 3 million isnt anymore possible in hong kong. Note to corporate bank account opening in hong kong. How do i make an appointment with a hong kong bank. The amount of time needed to open a bank account in hong kong may vary but the process will usually last around three weeks.
International account opening hsbc hk hsbc hong kong. If you are opening a joint bank account then both parties must be present with identity cards. Business accounts faqs hsbc hong kong commercial banking. I know there are time deposits and it depends on how much one is willing to invest and for how long but surely theres a semiflexible account that will earn at least some interest. New clients without a bank account cant apply online. Hong kong corporate bank account healy consultants group plc assists our clients with opening a multicurrency corporate bank account in hong kong. Although the information on this page is encrypted during transmission, we recommend that for security reasons, you do not include any account or card details in the reason for your appointment request. How to start a new hong kong bank account startupregistry.
We are there at your service to attend your business banking needs. Opening an account from within hong kong enjoy our professional account opening service at our designated branches via appointment booking or visit directly at one of our below 10 branches with required documents. Easy appointment account opening at hong kong branches. Get more from your savings with citibank savings account. Make a booking hsbc eticketing and booking for counter. If you still wish a company bank account in hong kong, startupr can help. If you or other company owners will be visiting hong kong specifically for the purpose of opening an account, it may be worth working with an agency in. Managing your savings becomes delightfully simple and convenient with our saving account services. Can a uk resident open a personal hong kong bank account. Opening a business bank account in hong kong can take two to three weeks and usually requires all relevant people directors, major shareholders and nominees to visit the bank in person. In hong kong, nonresidents only need to present proof of a home country address in order for a bank account to be opened on their behalf. We will get in touch with you to arrange an appointment at your preferred hsbc business centre for account opening.
Hsbc tightens requirements for new bank accounts hong. Hsbc personal integrated account lets you easily manage finances from credit cards, deposits. Anybody can open a bank account in hong kong, whether resident or nonresident. Book an appointment book an appointment this link will open in a new. Hong kong business corporate bank account opening bank. Handy hints and tips on opening a bank account in hong kong. If youre uncertain on any of these numbers, youll want to reach out to your bank. Be aware though, even if you have a personal bank account, you wont be able to open a business account online. Hsbc tightens requirements for new bank accounts hong kong.
Hong kong is notorious for the amount of paperwork required to open a bank account. Bank account in hong kong meeting in hong kong required it has recently become more limiting for opening a hong kong bank account remotely, and this is due to the specific requirements of the know your customer responsibilities and the hong kong bank ordinances. Clients can manage their account in person at hsbc banks branch, through the phone, via atm, or online. Can i open a bank account hong kong forum tripadvisor. Our accounts are designed to make your life easier. An international or offshore bank account is one opened in a jurisdiction different from where a. The quick answer is, you need to be in hong kong to open your bank account. I opened a bank account in hsbc main hk hq branch many years ago, using my american passport, it was very fast and efficient. It was very common for foreign visitors and businesses to open bank accounts in hk, as hk was the only free port in east asia, a hk bank account has many conveniences.
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