As one of the global financial centers, Hong Kong attracts numerous investors to invest and open Hong Kong bank accounts. However, each bank has different requirements for opening an account and the required information to be provided. Corporate directors often need to schedule another time to consult with the bank due to incomplete information or lack of understanding of the account opening procedures, which often delays the valuable time of management.

Rengang Yongsheng has established good cooperative relationships with various international banks in Hong Kong. We have set up a special Hong Kong bank account opening service, which arranges for enterprises to open accounts at various international banks in Hong Kong based on their actual situation, and assists in making appointments with banks and preparing relevant documents for bank account opening, such as accountant certification documents (issued by Hong Kong practicing accountants), business certificates, director statements, board meeting minutes, etc.

Hong Kong account advantages

Not subject to foreign exchange controls, funds can be freely transferred

Convenient settlement of international trade funds

Exemption from interest tax, resulting in higher actual deposit returns

Various currencies are freely convertible

The daily operation of the account is simple, and online banking can be opened for transactions

Facilitate trade financing with international banks

Required information

Company registration information, such as company registration certificate, business registration certificate, articles of association, corporate establishment form or annual declaration form, etc

Identification documents of shareholders, directors, and signatories, as well as proof of address for the past three months

Business proof materials, such as orders, purchase and sales invoices, contracts, bills of lading, etc

Related company registration information

Personal and affiliated company bank statements for the past three months

Visa or Master Credit Card

Account opening method

In person account opening: The company's directors will personally open an account at a Hong Kong bank. Generally, the required signature documents can be completed on the same day, and it is expected to take 20 working days to complete (specific approval time by the bank shall prevail)

Video account opening: The company's directors will witness the account opening at the Bank of Hong Kong's Mainland China branch, which will take approximately 30 working days (subject to bank approval time)

Account opening process

Submit account opening application

Approval from bank due diligence department

Due diligence passed and the final account number was approved

Send out a checkbook

Send out passwords for online banking and other services

Confirm online wealth management password activation

First online wealth management login service

Sending or receiving withdrawal cards and passwords

Deposit activation funds

Cooperative Bank

Including but not limited to the following banks:

Hang Seng Bank Hang Seng Bank

HSBC Bank

Citibank Citibank

Standard Chartered Bank

Bank of China Hong Kong

DBS Bank DBS Bank

China Construction Bank Asia

Overseas Chinese Yongxiang Bank Overseas Chinese Yongxiang Bank

Bank of Singapore

China CITIC Bank

Shanghai Commercial Bank Shanghai Commercial Bank

Daxin Bank Daxin Bank