Thursday, 26 September, 2019 Reply to:
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As we known, Hong Kong company easy to set up, but hard to open local bank account. Because of many policy variables and proactive measures, having a Hong Kong account can eventually provide a lot of convenience.
Advantages of HK Bank Account
Without foreign exchange control, funds can be freely allocated;
Facilitate the settlement of funds in international trade;
Exemption of interest tax and higher real earnings of deposits;
Various currencies can be converted freely.
The daily operation of the account is simple, and the online bank can be opened for transactions.
Facilitate trade financing to international banks；
Reasons for Refusal by Bank
Increased demand for bank accounts
Low bank profit
The data are not ready
The company name has sensitive vocabulary
Shock the World Illegal Organizations
The government's financial supervision is becoming stricter and stricter
Shareholder directors come from sensitive countries
At the time of face-to-face, the bank did not trust him
Don’t meet with the bank requirements
Most Hong Kong companies will open an additional bank account as a backup to maintain the normal operation of the company.
Normal Documents required for Hong kong company account opening
1. Full sets of Hong Kong companies’ documents
2. Identity Card/Passport + Hong Kong and Macao Pass
3. Proof of Living Address
4. Business Proof
Time : About 1-2 months (different banks, different schedules)
So, which bank would you like to open ?
For more details, please feel free to get back to me.
Add: Room832-833, Garden Tower Office, No.368 HuanshiDong Rd. Yuex iu District,Guangzhou (Metro Line 5, Taojin Exit A)