Offshore Bank Account Hong Kong Banks Account Opening Reservation Arrangement

One of the most important issues we have been dealing with recently is setting up a Hong Kong bank account (bank account with Hong Kong banks). We always recommend our clients to open an offshore bank account instead of a bank account in Hong Kong. Offshore banks give you the same options!

However, if you insist on having a bank account in Hong Kong, there is no need to be frustrated as we have helped thousands of customers to introduce them to the banks and prepare them for a successful meeting. We have found a way to be sure that you are prepared for the meeting and the bank account is successfully opened. Every bank likes to see a well prepared customer. There are 2 articles you should look at before you approach any bank or ask us to help you with the opening (paid service).

The banks keep claiming that the due diligence and KYC (Know You Client procedure) are getting more difficult, however as a professional company, we can advise you on how to prepare for a bank meeting and more importantly how to succeed:

As the regulations are getting stricter we have been advised by the Hong Kong bankers to provide clients with a contact details of the bank (see the list below). Client will have to contact the bank directly and make an appointment.

Before you schedule your bank appointment we recommend you to check that the company has already been set up as it may take up to 5 working days.

Bear in mind that your must be incorporated first and then you can make a bank appointment. Make sure you call the bank at least 20-25 working days before you come to Hong Kong and that the bank confirms the appointment.

Once the company is set up, we would highly suggest you to contact the following banks:

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We can help you to make an appointment with Hang Seng bank or OCBC Wing Hang and Standard Chartered. However we need at least 20-25 working days to get a confirmation from the bank.

For the rest of the banks, please follow our guidelines and call the bank directly.

In the unfortunate case that te Hong Kong banks are hard to deal with, we can always help you to set up an offshore bank account and make a proper introduction to the bank. There is no need to open a bank account with Hong Kong banks. and let us know which bank you want to deal with.

What will the bank asks for when you visit them?

• What is your business nature?

• How old is the business you are working in?

• How many employees do you have?

• What is your business address?

• Countries you’re working with (selling products)?

• What would be the trading currency?

• Customers base?

• Annul turn over?

What the responses usually look like:

• Import and export or software development

• 5-10 years

• 5-10 or over 70

• Europe, German or US, Australi

• China, EU Australia, US

• RMB, HKD, USD, EUR

• China, EU Australia, US

• 3000,000 HKD or 10,000,000 HKD

 

Once the company is setup, please make sure that you contact your bank (from the list below) and schedule a meeting before you’re coming to Hong Kong.

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 Mr. Ms.yu

Tel: 86-755-36656797

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