How to Open a Hong Kong Offshore Bank Account

How to Open a Hong Kong Offshore Bank Account

We are always happy to response to all of your questions. One of our customer is requesting whether it’s possible to open up the bank account in Hong Kong if you are not resident of Hong Kong.

 

Question:
Can a foreigner open bank account in Hong Kong? (From our e-mail box).

 

Answer:
Almost every person/entity can open bank account in HK, there is no restriction from the Financial Secretary (Hong Kong) on bank account opening for foreigners. We might illustrate a typical example where customer from US (or EU, Egypt, Russia, India etc.) incorporate company in HK and than will open bank account with Hang Send bank, HSBC or Standard Chartered Bank.

One of the most important issue is to be prepared well before you have a meeting with local bank. Most of the time, the bank asks for following documents (this is prepared by us):
- M&A
- Business certificate
- Incorporation Certificate
- NC1 certificate

 

Further
- DD – Declaration of Directors (if any)
- COI – Certificate of Incumbency (if any)

 

Business Nature (this section doesn’t make any sense to me how can you invoice some company if you just started, any way you should follow what is required):
- business description
- invoices
- agreements (if any)
- bank reference letter (example here)

 

Should you have any questions, please let us know.

HONG KONG Company formation and bank account opening click here.

 

Starupr