Hong Kong Bank Account Opening Service
Hotline: 86-755-82143348Email: anitayao@citilinkia.com
Q:Is there any possibility that registered Hong Kong Limited Company does not open bank account?
A:Bank account may not be opened when that's not necessary, but we suggest that all business contacts shall be operated through the bank account of the company.
Q:How can a registered company open a bank account?
A:Shareholders and directors must be present for the account opening. However, requirements for shareholders to present can be different from one bank to the others.
Q:What documents are needed in opening bank account?
A:Bank will generally ask the company to provide the following documents:
The original minutes of meetings approving opening of account
Certificate of incorporation (copy certified by accountant)
Business registration certificate (copy certified by accountant)
Notice of appointment of director and secretary (copy certified by accountant)
Articles of Association (copy certified by accountant)
ID card/passport of each director
Personal address proof of each director
Q:Is company bank account operated by shareholders or directors?
A:The operation of account can be delegated to third party through delegation, in addition to operation by shareholders and directors perse.
Q:Can directors failing to attend the bank account opening procedures in Hong Kong and process relevant procedures in Mainland?
A:Directors who desire to open bank account in Hong Kong should come to Hong Kong to process relevant procedures. Directors who are not able to come to Hong Kong can also consider to open offshore account with foreign bank in Mainland.
Q:Is there any limitation for cash drawing from Hong Kong bank?
A:Capital in Hong Kong is freely circulated without limitation.
Q:Shall the banks charge handling fee to open bank account in Hong Kong?
A:Generally, banks do not charge handling fee, but HKD5000-10000 shall be deposited when first opening; overseas company will be charged certain handling fee when opening account.
Q:When can bank account operate?
A:Banks will check the register after account is opened, generally for 2 weeks before the account can be operated.
Q:Can Chinese resident operate bank account of a Hong Kong company?
A:Yes. Generally, the bank only asks account operator to hold valid passport or travel permit and ID card.
Q:Which cities in Mainland can be used to open offshore account? How does the offshore account operated in foreign land?
A:Currently, some foreign banks in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin, Hangzhou, Dalian, Xiamen and other cities can provide service of opening offshore accounts. Clients in foreign country can direct the bank to operate the account by personal passwords, telephone, and fax. Now most banks have put into operation online banking service, so clients can operate their bank account via internet.
Q:What are the differences between Hong Kong local and Mainland offshore accounts in operation?
A:Hong Kong local and Mainland offshore accounts are different in the following aspects:
Capital is not restricted to come in or go out of Hong Kong, but offshore account is opened by foreign bank in China, under control of Chinese financial management body. Offshore account in China does not accept cash deposit.
The documents for opening account are different ; Mainland ID card holder can open offshore account, but only holder of passport or travel permit and ID card can open local account in Hong Kong.
Hong Kong local account has complete banking functions, but offshore account is restricted in some functions.
Q:Can one company open more than one bank account?
A:In Hong Kong, a bank account is not differentiated by basic account and general account. Enterprise can open more than one account according to needs, and every account has the same function and position.
Q:Is there any restriction for remittance and foreign currency exchange in Hong Kong banks?
A: Capital is free to come in and go out of Hong Kong, without any restriction.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to anitayao@citilinkia.com