Is Opening a Corporate Bank Account in Hong Kong by a Foreigner Possinle?
People who want to open company in Hong Kong need to open a corporate bank account in Hong Kong. When it comes to corporate bank account Hong Kong, there are a lot of options. It is very simple and straightforward to open a corporate account in Hong Kong as compared to other countries. Hong Kong has a lot of international banks which offer many attractive features, for example, multi-currency accounts, credit card facilities, internet banking, mobile banking, trade financing, etc.
In Hong Kong, though a corporate bank account becomes necessary to start a business in Hong Kong, most of the people do not have any idea about how to open a corporate account in HongKong. That is the reason why in this article we have come up with Hong Kong open international bank account guide so that it becomes easier for you to open a corporate account.
The Requirement for Opening a Corporate Account in Hong Kong
There several International banks in Hong Kong which allow the foreigner to open a bank account. Among these banks in Hong Kong, some banks need the account signatories to be present physically in Hong Kong for the paperwork at the time of opening the account whereas others accepts the account signatories at the overseas branches or allow the signing of required documents in front of a Notary public.
Apart from that, banks in HongKong also require some documents to open a corporate account. For example, the first thing that you need to do is to submit the completed corporate account opening form. Then the Board of Directors needs to sanction the account and signatories to account.
You also need to certify the true copy of the resolution sanctioning the account, a true copy of the certificate of incorporation, a true copy of the business profile of the company from the registrar of the company, true copy of the Company’s Memorandum and Articles of Association (MAA). Finally, you have to submit true copies of your Passport and Residential Address Proof of Directors, Signature, and Ultimate Beneficiary owners.