OPEN A BANK ACCOUNT IN HONG KONG

Opening an account with an overseas bank means a bank account opened by a bank other than the country. The client prefers to open an account in Hong Kong or Singapore, and the account opening behavior is not controlled by the foreign exchange agency. For example, Taiwan OBU, China offshore accounts, Hong Kong, Singapore, and other regional banks opened accounts, this is called overseas bank account opening, also referred to as overseas account opening. Account opening in Hong Kong and Singapore should pay attention to local account opening conditions.

• Registering an offshore company is not a difficult matter now. The focus is on the operation and use of the overseas company after registration, and whether it can meet the needs of the company or individual. After an overseas company registers, if there is no (overseas) bank account, it can be said to be ineffective, so it will open an account abroad, and the company's overseas company bank account will choose the region's overseas such as Hong Kong, Singapore, etc. Hong Kong as one of the world's financial centers, it is the first choice for many multinational companies to invest and open bank accounts.
• However, the examination of the documents about the current account is becoming more and more rigorous. Each bank has different requirements for the opening of the account and the required information. The person in charge of the enterprise often delays the time and has multiple trips because the required information is not fully prepared or is not familiar with the relevant account opening procedures. It is even listed as an object of refusal to open an account.

Overseas Account Function

Saving taxes;

(Generally, an account is opened in an overseas bank, and the

gift tax and inheritance tax can be waived)online banking has

saved the cost of running the bank and has a high degree of security.

Avoid risks and preserve value;

Safe and high density;

(Overseas bank accounts generally have no right to

check and be protected by privacy laws.)

Global smooth, convenient and fast;

Reduce exchange losses, multiple currency choices.

Hong Kong Business Banking Account

• Hong Kong bank account is equivalent to an account opened in an overseas bank. After the establishment of an overseas company, an overseas company is required to open an account. At present, many companies choose to open a commercial wealth management account in Hong Kong for capital operation.
• Hong Kong is one of the international financial centers in Asia. Not only are international financial institutions/big banks gathered here, but Hong Kong accounts for the following characteristics:

As one of the primary choices for the capital and finance of major international companies, the requirements for opening an account in Hong Kong are more stringent, the conditions for review are relatively strict, and the threshold is high. If you want to open an account in Hong Kong, it is recommended to ask an experienced secretarial company first. Providing assistance to open an account in Hong Kong can increase the chances of passing the review.

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