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Post# A378155

Open Hong Kong Company Bank Account

Posted On: Thursday, 26 September, 2019
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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.

Contact:Cora Yeung
Email:Cora@clrge.com
Web:http://www.clrge.com/
Linkedin: https://www.linkedin.com/in/cora-yeung-022a8716a/
Add: Room832-833, Garden Tower Office, No.368 HuanshiDong Rd. Yuex iu District,Guangzhou (Metro Line 5, Taojin Exit A)


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