We can help you open a corporate bank account with one of the largest
international bank in Hong Kong:
FULL range of banking services offered by this bank:
- Minimum deposit US$300
- Internet Banking / Telephone Banking
- Brokerage/Investment
- Requires bankers' references letter
The Bank Account in HK:
Here is a short description of how the bank account is to be
opened and how it is operated.
Bank Account Opening
The client has to bring the blank account opening forms we will
provide to any branch of the BANK where he lives together with his
passport .
The client then signs the account opening form before the presence
of the staff from the BANK. After the client sign the document,
the staff will co-sign the document or put a chop witnessing the
client's signature next to the client's signature.
At the same time, the staff from the BANK will make a photocopy
of the client's passport and put a chop and sign on the passport
photocopy to certify that the photocopy is a true copy of the original
passport (only the pages showing the holder's particulars are
photocopied).
The client gets back the account opening form and sends it to our
HK office and we will submit it to HSBC Hong Kong.
Note the client does not have to fill out the form before signing
it. Also, in some cases, the witnessing bank will send the documents
back to the BANK Hong Kong directly.
Operation of Bank Account
Once the bank is up and running, the client can operate the account
in the following ways:
(1) Issuing checks to settle bills;
(2) TT money out of the account to other accounts in and outside
Hong Kong
(3) Receiving money from other parties in and outside Hong Kong
in any currency.
As to TT, the client will have to fill out the TT form and send
them directly to the BANK. Of course, the client can send the TT
form to us and we will forward them to the BANK.
Note
The client can apply for internet banking facility and telephone
banking facility for the bank account so as to enable them to operate
the bank account over the phone or through Internet. However, the
director who has control and who will actually use internet banking
facility, will have to pick up the password personally. If the internet
banking facility is up and running, the client can transfer or wire
money out of the bank account to other parties.
Therefore, if the client wants the internet banking facility be
set up under his own name, then he will have to come to Hong Kong
to pick up the password. Otherwise, we can help the client apply
and set up the internet banking facility under the name of the nominee
director from HK. After this is set up, we will then forward the
password to the client. Of course, we will not open the envelope
containing the password and we certainly don't want to be involved
in the operation of the bank account.
As we act as nominee directors, our signatures will also appear
in the bank account opening form, however, we will only be the authorized
signatories.
For your information, the BANK recently launched a partly functioning
internet banking facility. It is called partly because client can
only transfer money between different accounts (checking, HKD saving
and foreign currency saving accounts) through internet. That is,
transfer to third party is not allowed. For this facility, the BANK
can send the password directly to the client.
As a side note, the BANK requires a initial deposit of US$300 for
the account, therefore you will have to wire the deposit with the
incorporation fees.
Available from Hong Kong:
Charges
For Hong Kong companies
registered through us, we charge only US$400. Also, the bank requires
the whole set of incorporation documents be certified by accounting
firm. We can arrange this for a few of US$40. For company not incorporated
through us or incorporated in other countries, our charge is US$600.
