*Please contact the account opening branch for guidance on acceptable documents. The Development Bank of Singapore, better known as DBS, is the largest bank in Southeast Asia and has been in Hong Kong since 1999. Hang Seng, Citi, SCB, BOC all come to mind. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Also, the minimum balance is specified - 50,000 HKD without commission fee, otherwise it will … Opening a corporate bank account in Hong Kong is going to cost you a pretty penny. And if you are looking for a secure and sound financial center to open an offshore bank account, Hong Kong is relatively an option to go. 07-02-2018, 05:24 PM #3. shri. Open Account in ICBC Asia (Hong Kong) ☆ Introduction This is a service whereby domestic branch of ICBC opens on behalf of you an Elite Club Account or 349 consolidated account in Industrial and Commercial Bank of China (Asia) Limited ("ICBC Asia"). While a bank is still a bank, there are some unique nuances to setting up a bank account in Hong Kong. A license is mandatory for a Hong-Kong-based company with insurance agency and financial services, regardless where you run the business. You will also receive the account information mailed by Bank of China (Hong Kong). Applicants are required to provide their HKID number. Customers can also apply directly at the bank branch. The fee for document preparation and certification is: HKD 3,000 (USD400) While ACCESS CORPORATE undertakes to assist the company complete all necessary documents […] Compared to some countries in the world, opening a bank account in Hong Kong is relatively easy and straightforward. Cheques are still used in Hong Kong to a large extent, so it is useful to set up a cheque/current account with a cheque book. It was funny because he thought this topic would be too short to make a full podcast, but when you get into the nitty gritty, there is a lot to discuss BOCHK helps maximise your wealth potentials with innovative, professional and diversified services, striving to become Your Premier Bank. It is also among the most robust business hubs in the world to incorporate a company. We also make it easier for you to bank the way you want, when you want – online, mobile, or in-person. That's why we offer a range of bank accounts – from basic savings & chequing to borderless. Today’s show we have Chris Moore, a buddy I met on Dynamite circle and moved to Shenzhen, China about 6 months ago, discusses his process of getting a personal bank account setup in HSBC Hong Kong. Gentle Reminder . Attestation Service for Account Opening. To reach one of our CBS banking specialists please contact any of our four locations in China and Hong Kong. The HSBC Dollar Account provides the basic services, as well as access to mobile banking and the ability to send payments. We help international clients to expand Chinese markets with Hong Kong as a hub and open a bank account in Hong Kong. Bank accounts and non-residents In Hong Kong, licenses or permits are required for an employment agency, event-related activities, travel agency, education, restaurant, and retail shop, if the business is operated in Hong Kong. Bank of China (Hong Kong), one of the city’s three currency printers, will allow Hongkongers to open a bank account on the mainland without having to go there in person. There was a time when Hong Kong was one of the easiest places in the world to open a business account, with no limits on the transfer of international funds. Hong Kong banks require company account applicants to travel to Hong Kong and physically meet with a bank … ACCESS CORPORATE will prepare and have certified the usual documentation (refer FAQs) necessary for bank account opening. Please contact the branch to book an account opening appointment in advance. Our Canada Banking Services (CBS) team can provide you with in-depth information about opening your Canadian bank account. Opening a Hong Kong bank account remotely has recently become more restrictive. A good passport is one from USA, Canada, Australia, UK, Western Europe, etc. A: Bank of China (Canada) only provides documentations and materials witness service. Hong Kong Bank Ordinances and Know Your Customer obligations currently present certain requirements. It is only available to permanent Canadian residents who, as of June 22, 2020 do not have, and in the 5 years prior have not had, a Personal Banking Account with Royal Bank of Canada or any of its deposit taking subsidiaries, who as of September 30, 2020 have reached the age of majority in the province or territory in which they reside, and who meet all other terms and conditions of the offer. Clients can contact the bank through phone, email, fax, or … Required minimum balance: $200,000 (with a range of waivers, including payroll setup, or a fee if $100 per month) For other citizens, the process can take up to two weeks. If you travel frequently between the United States and Canada, the benefits of holding a Canadian bank account will allow you to easily access funds when you're in Canada. Europe, Australia and US passport holders often can open Hong Kong bank accounts in a matter of days. If you are the only person who can access your company’s bank accounts, you can use Standard Online Banking for Business.With a single sign-on, you can: View business account balances and transactions for U.S. and Canadian dollar accounts at RBC in Canada If the provider only gives you a list of documents to comply with you will have limited chances to open your Hong Kong bank account. To open any kind of account you need a valid Hong Kong identity card. There are fees at every stage of the process, and for new businesses, when cash flow is tight, that’s something you should be prepared for. In AsiaBC, we not only manage all steps necessary for our client’s Hong Kong and offshore company to open a business / corporate bank account in Singapore, but we also carry on remote bank account opening service with our refund guarantee. If the fees to setup the Hong Kong company and to prepare the bank account opening are below USD 2'000 the provider couldn't afford to prepare the compliance work. HSBC accounts available in Hong Kong. You can open accounts with us for Wealth Management Service, Enrich Banking Service without the need to visit our branches in Hong Kong in person. Account: DBS account. Opening a bank account in Hong Kong. Although not as easy as opening a bank account in mainland China, opening a bank account in Hong Kong is also relatively easy if you have a "good passport." Open both a bank account and a stock account via your mobile to earn up to HK$1,700 cash rebate ... Citibank (Hong Kong) Limited, Citibank, N.A. Hong Kong Bank Option 3 (Business Account, Personal Account) Our banking support service is not just a mere introduction to the bank. ACCESS CORPORATE is able to assist Clients with the opening of bank accounts in Hong Kong. How to open a Hong Kong bank account: an overview. 1. 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