Online banking isnt too speedy and a visit to a branch can be required to complete proceedings. This is a nocin ros application with at least one applicant booked mo appointment. Cheques are still used in hong kong to a large extent, so it is useful to set up a chequecurrent account with a cheque book. You can open an international account in more than 30 countries and territories around the world. You will be rewarded with bonus interestbonus interest click here to open new window this link will open in a new window on. However, foreign nationals, first opening a bank account in hong kong, facing some difficulties because of the nature and complexity of the legislation preparation procedures. High interest savings account sick and tired of earning 0. How to open a hong kong offshore bank account private. Opening a corporate bank account in hong kong takes about 2 weeks to complete. I opened a bank account in hsbc main hk hq branch many years ago, using my american passport, it was very fast and efficient. How to start a new hong kong bank account startupregistry.
Hong kong has a reputation as a fastpaced city, but the formality of opening a bank account in hong kong can seem slow and oldfashioned for many expats. If you have a shitty passport then you can still open a bank account in hong kong but it will not be as easy. Please bring along all required documents and initial deposit of hkd10,000 to the appointment for account opening. Bochk helps maximise your wealth potentials with innovative, professional and diversified services, striving to become your premier bank. Hsbc hong kong has further tightened its commercial account opening requirement, this change makes startups small businesses entrepreneur originated from either hong kong or overseas extremely hard to open a business bank account there. Manage your account and perform transactions using mobile banking, online banking, express banking, over the phone and in the branch. Their online banking features give you financial access no matter where youre located. How do i make an appointment with a hong kong bank. The information submitted through this web page is encrypted during transmission. Anybody can open a bank account in hong kong, whether resident or nonresident. Book an appointment book an appointment this link will open in a new. When entering a hong kong bank account, you should haveseparate fields for bank code, branch location, branch code, and account number. View all of your finances in one consolidated statement.
For hong kong residents looking to open an overseas account, all you need to do is contact our international banking centre ibc in hong kong and we will provide you with all. Some of the largest banks in the city and found throughout the country are bank of china and hsbc. When opening an account through one of these two banks, you have access to hundreds of other branches throughout the country while a smaller bank in hong kong is not lcoated in other areas of the country. Hong kong business corporate bank account opening bank. This article serves to compare features of a corporate bank account across major banks in hong kong. The hsbc dollar account provides the basic services, as well as access to mobile banking and the ability to send payments. How to open a hong kong offshore bank account since the publication of this article, it has become a great deal more difficult to open an account in either hong kong or singapore. Appointment booking ask about our products give us feedback make a complaint. Managing your savings becomes delightfully simple and convenient with our saving account services. Our accounts are designed to make your life easier. However, it is important that you do not provide your account, credit card numbers, convey any confidential information or banking instructions in the remarks section. Offshore banks can also issue corporate, internationally recognized credit cards. An rmb account in the joint name of a hong kong resident and a nonhong kong resident will be.
Opening a personal bank account with deposit of less than usd 3 million isnt anymore possible in hong kong. Open an international bank account hsbc international. However, it is important that you do not provide your account, credit card numbers, convey any confidential information or banking instructions in the remarks. Make a booking hsbc eticketing and booking for counter. Alternatively, we are offering success guaranteed hong kong corporate bank account opening service for clients. You can speed this up by coming prepared with the following. Hsbc in hong kong offers a wide range of checking accounts tailored to each clients lifestyle. Please understand theres no need to open a hong kong bank account for a hong kong registered company. With roughly 150 banks in hong kong, it is important to select a suitable bank depending customers background and business. Over the past 12 months, in our efforts to open a business bank account, our hong kong startup was rejected by no less than four banks. Or by contacting the branch or your relationship manager, well guide you through completing your application forms and help you set up your account. A hong kong company without a bank account is simply useless. Please inform your business partners your account details for inward payment.
Can i open a bank account hong kong forum tripadvisor. There exist an list about the countries what are not accepted anyway, the list about the countries which citizens. A bank account is essential for daytoday business operations. It was very common for foreign visitors and businesses to open bank accounts in hk, as hk was the only free port in east asia, a hk bank account has many conveniences. Ive talked to almost every bank in hong kong over a 2 day full time effort, and. Book for counter service on the same day or up to 5 business days in advance to. The ultimate guide to opening a bank account for expats. Hong kong corporate bank account healy consultants group plc assists our clients with opening a multicurrency corporate bank account in hong kong. Book an appointment book an appointment about booking an appointment. Easy appointment account opening at hong kong branches. You may click on the appropriate link below to view the account opening information. International accounts give you advantageous options, enabling smooth company and bank account management. Hsbc, standard chartered bank and citibank are selected, as they are the global banks which would be the best options for expats to open a bank account. To open a bank account, first of all, a customer need a personal meeting with a representative of the bank, then the bank will have up to five weeks to make a decision.
Use the request call back button to submit a form where one of our agents will call you back. The documents required to set up a bank account for companies in hong kong are the certificate of incorporation or business registration certificate, the articles of association, proof of the business activity and experience in the sector. While opening a basic bank account is quite straightforward, opening a business bank account requires a bit more work. We will get in touch with you to arrange an appointment at your preferred hsbc business centre for account opening. In hong kong, nonresidents only need to present proof of a home country address in order for a bank account to be opened on their behalf. Clients should bring a set of required documents to their appointment. In this program, we work with selected hong kong banks as their intermediary of business account opening, we offer freeofcharge preassessment to our clients to estimate the chance of approval and select the most feasible hong kong bank to apply for the account. To find out which jurisdictions are now better options for you, please read our practical international banking guide, in which you will find the names and contact details of individual personnel within banks all. Overseas businessmen who incorporate companies in hong kong usually face difficulties with opening bank accounts with local banks due to the banks complicated compliance procedures. The documents required to set up a bank account for companies in hong kong are the certificate of incorporation or business registration certificate, the articles of association, proof of. Clients can manage their account in person at hsbc banks branch, through the. The question mark images near the fields denote further details or help. Offshore banking services, open a bank account in hong kong.
Home personal banking account services documents required to open corporate accounts. Hong kong is among the best places in the world to do business. Citibusiness account opening status hotline 852 2962 3688. Opening a corporate bank account in hong kong business. Rules for business bank accounts are much stricter, and youll always need to apply in person.
An allinone account with hkd savings and current accounts, 11 foreign currency savings accounts including rmb, time deposits and investments. Citibank offers a range of savings and checking current accounts that enable you to easily accumulate capital and manage your finances. You will be rewarded with bonus interestbonus interest click here to open new window this link will open in a new window on your hong kong dollar savings accounts when your total relationship balancetotal relationship balance click here to open new window this link will open in a new window reaches hkd1,000,000. If you or other company owners will be visiting hong kong specifically for the purpose of opening an account, it may be worth working with an agency in. Can startups open corporate bank account in hong kong. Get more from your savings with citibank savings account. The setup of a hong kong company is therefore the best option to maintain your financial freedom in such a secure environment. Clients can manage their account in person at hsbc banks branch, through the phone, via atm, or online. Hong kong is a international financial center which is well known for its famous banking infrastructure. 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. Business need banks and it is crucial to choose the bank that fits your financial needs and goals. They want to meet all the directors and significant shareholders of the company to know who the client is.
However, the hkd current account service is not applicable to integrated account applicant aged below 18, m. Opening a corporate bank account is a relatively simple and straightforward procedure. Mar 18, 2016 the quick answer is, you need to be in hong kong to open your bank account. The amount of time needed to open a bank account in hong kong may vary but the process will usually last around three weeks. 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. Hong kong incorporated limited company bank account opening documents 1 all documents copies provided to hsbc must be certified by the following persons. Our hong kong law firm can provide you with specialized assistance for all corporate matters, including opening a bank account and other banking issues. Handy hints and tips on opening a bank account in hong kong.
Bank accounts savings, current, time deposit hsbc hk. International account opening hsbc hk hsbc hong kong. If you still wish a company bank account in hong kong, startupr can help. Commission transaction levy, hong kong exchanges and clearing limited trading fee and stamp. In fact, many local service provider completely lack the knowledge regarding suitable banks and the latest bank account opening requirements in hong kong. There is no restriction for fund flow into or out of hong kong bank accounts, and the identity of account beneficiary and transaction information are also subject to very high standard of confidentiality. If you are opening a joint bank account then both parties must be. An international or offshore bank account is one opened in a jurisdiction different from where a company is incorporated.
Opening a business bank account in hong kong can take two to three weeks and usually requires all relevant people directors, major shareholders and nominees to visit the bank in person. We are there at your service to attend your business banking needs. To provide you with added convenience, we offer you a variety of ways to access your account information via our citibusiness centers. A bank account is essential for day to day business operations. Activating your new account hsbc commercial banking. Note to corporate bank account opening in hong kong. The quick answer is, you need to be in hong kong to open your bank account. However, before you can open an account with a particular bank, it is important to be aware of what your banking needs are, so that you can match those needs with what each bank offers. That said, you can open a bank account remotely, before you arrive, if your home bank has a presence in hong kong. Ive talked to almost every bank in hong kong over a 2 day full time effort, and all needed the directors to come in person.
Documents required to open corporate accounts bank of east. Hsbc tightens requirements for new bank accounts hong. Yes, uk citizens who are not hk permanent residents are accepted, there are the same rules for everyone who wishes to open account. How to open a bank account in hong kong transferwise. Opening an account from within hong kong enjoy our professional account opening service at our designated branches via appointment booking or visit directly at one of our below 10 branches with required documents. If youre uncertain on any of these numbers, youll want to reach out to your bank. Each customer can open one 1 renminbi current account only including both sole and joint accounts. Business accounts faqs hsbc hong kong commercial banking. A nonresident foreigner can open a bank account in hong kong but personal bank account by yourself. Be aware though, even if you have a personal bank account, you wont be able to open a business account online. Although the information on this page is encrypted during transmission, we recommend that for security reasons, you do not include any account or card details in the reason for your appointment request. Can a uk resident open a personal hong kong bank account.
An hsbc bank account number is required, as well as the clients pin or phone number. Select cyberbanking service select cyberbanking service. If you are opening a joint bank account then both parties must be present with identity cards. You must complete all fields that are marked with an asterisk. Hsbc personal integrated account lets you easily manage finances from credit cards, deposits. A good passport is one from usa, canada, australia, uk, western europe, etc. Hsbc is well recognised as the best ebanking partner. The worst place in the world for a startup to open. New clients without a bank account cant apply online. I know there are time deposits and it depends on how much one is willing to invest and for how long but surely theres a semiflexible account that will earn at least some interest. Aug 31, 2016 hsbc, standard chartered bank and citibank are selected, as they are the global banks which would be the best options for expats to open a bank account. Whether youre switching careers, starting a family or moving abroad, hsbc.
They must contact an advisor in person by visiting a hsbc bank branch or book an appointment by phone. Hong kong is notorious for the amount of paperwork required to open a bank account. Bank account in hong kong meeting in hong kong required it has recently become more limiting for opening a hong kong bank account remotely, and this is due to the specific requirements of the know your customer responsibilities and the hong kong bank ordinances. Instead, skip the diy approach and head straight to a branch with your documents.
You can still open a bank account as a tourist there, and use that to top up your alipay account. It is possible for both locallyincorporated and foreign i e. To open any kind of account you need a valid hong kong identity card. We assist you in the opening of multicurrency bank accounts in hong kong for your company or personal account in one of the leading banks which provides a highquality service with internet banking. An international or offshore bank account is one opened in a jurisdiction different from where a. Hong kong dollar savings account and hong kong dollar current account are designated basic accounts for the integrated account services. Hong kong has no foreign exchange control, so funds can be transferred in and out easily. Business account opening bank of china hong kong limited.
1142 1206 173 63 1053 147 1189 1387 845 391 500 377 874 452 525 417 185 54 114 1328 809 368 34 1345 1115 775 759 443 717 203 589 950 1334 44 1221 706 200 379 1411 879 583 563