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. If you have a Hong Kong company, would you like to open local or offshore company bank account ?
Advantages of HK Bank Account
Facilitate trade financing to international banks；
Reasons for Refusal by Bank
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 ?
HSBC / Standard Chartered / Citibank / China Citic Bank (中信银行）/ DahSingBank (大新银行）/ DBS (星展银行）/ OCBC Bank etc.
Note after opening an account:
For more details, please feel free to get back to me.
Add: Room832-833, Garden Tower Office, No.368 HuanshiDong Rd. Yuexiu District, Guangzhou (Metro Line 5, Taojin Exit A)