Open Bank Account In Hong Kong Corporate Bank Account Opening

How To Open Corporate Bank Account in Hong Kong Corporate Bank account opening requirements Service

Banks in Hong Kong may change policy in bank account opening requirements without prior notice.
WorldVillage bank account opening assistance service for Hong Kong newly incorporated companies is still subject to final approval of the bank and WorldVillage does not take up responsibility of any client loss due to unsuccessful bank account opening process.

Banks usually refuse client with nationality on this list: Non-Cooperative Countries and Territories

Who can open corporate bank account for Hong Kong Private Limited Company and how long does it takes to open bank accounts?
We offer bank account opening service in Hong Kong. Client can choose any bank. Nethertheless we recommand HSBC bank who belongs the best international overseas branch network and internet banking service.

According to the policy and regulation of Hong Kong Bank Ordinance, all director(s), shareholder(s), beneficial owner(s) and Nomine(s) if any must come in person for corporate bank account opening. It will take approximately around 2 weeks to 3 weeks for the whole corporate bank account opening approval process.

Corporate Bank account opening in Hong Kong requirements

1. Company documents for bank account opening in HSBC Hong Kong (Business Registration Certificate; Certificate of Incorporation; Articles of Association (AA); NNC1 form)
2. Business proofs as Bank needs to know your nature of business and whether you had experience in the industry you are going to work in. Therefore the bank needs to see that you are serious and have already plan/customers and request some proof of business: issued/received invoices (if any); business plan description; agreements with suppliers (if any); bank reference letter (if you have one); website (if you have one).
3. Personal documents: passport and residency proof (any utility bill, electricity bill or bank statement which shows your address and your name, less than 3 months old).

What documents are required to open Bank or Investment Account in overseas?
Client may open bank account or investment account in different countries. Banks usually request to know complete information about the company and need those documents to be apostilled (certified by 2 levels: notarized by a Hong Kong lawyer first; and then Apostilled by Court in Hong Kong):

• Identity of company director/client;
• Certficate of Incorporation;
• Business Registration Certificate;
• Certificate of Good Standing (Certificate of Continuing Registration);
• Minutes to open account authorizing signatory.

Warning
Kindly note that is a requirement from Hong Kong Bank Ordinance for all banks in Hong Kong that all the directors, shareholders, beneficial owners (and Nominees if any) have to visit Hong Kong to meet with the bank in order to open bank account in Hong Kong.

What banks do you recommend in Hong Kong?
HSBC Group (Hong Kong and Shanghai Banking Corporation Limited) is the biggest player in the market, and Hang Seng Bank, majority owned by HSBC, is the second largest. For commercial banking for your offshore company, you will likely end up at one of these two banks. There are other large commercial banks in Hong Kong, such as Bank of China, DBS and Standard Chartered however in our experience, they are a lot less willing than HSBC to open accounts for non-residents of Hong Kong.

HONG KONG CORPORATE BANK ACCOUNT OPENING INFORMATIONS

Hong Kong corporate bank account opening 

HANG SENG BANK Integrated Business Solutions Account 

HANG SENG BANK UpBiz Integrated Account 

HSBC Hong Kong bank account tariffs 

HSBC Business Direct account 

HSBC Business Vantage account