Offshore Banking

CIM Bank Introduction

CIM Bank is a 22-year-old private bank based in Switzerland, with headquarters in Geneva. CIM Bank have a multilingual team, speaking more than 18 languages. Bank’s services include:

 

  • Free account opening
  • Personal or corporate accounts (for onshore and offshore companies)
  • Possibility to open accounts online only with a webcam (no visit requested)
  • Fast account opening (around 3-5 days)
  • Minimum deposit CHF/EUR/USD 5’000
  • Minimum remaining balance CHF/EUR/USD 1’000
  • Credit cards and debit cards
  • E-banking Mobile banking
  • Financial consulting & Investment advise
  • Savings account
  • Trading online (Futures, CFD’s, Options, Shares, Bonds, Funds)

Please contact us for further information: info@startupr.com

Banking industry and possible changies? Cyprus !

It’s really interesting to observe how the world keeps changing in many ways. In our corporation & banking sector the changes have been tremendous! One of our bank we work with, they send us an alert about some changes in Cyprus banking industry. Be aware that this might be an opinion of competition however the changes are there!

Hi Tomas,

I wanted to give you a quick update on what are seeing out of the major Cyprus banks.  Despite news updates to the contrary, wires of up to $50,000 per day are leaving the country.  If you still have clients in Cyprus who are looking to exit, this would be an excellent time to inform them of this window of opportunity as we don’t believe many investors are aware of this fact.  If you have no clients or exposure there there, hopefully this email was still informative.
 
Please let me know if you have any questions about this information.
Best Regards,
for company formation please contact us!

HK & BVI: Information request on company formation & bank account opening

Email from your customer: Name & nationality have been changed due to privacy issue. However, the content is more important. Here how we deal with our customers:

 

Hello Peter,

 

thanks for reaching me! My name is Tomas and I will take care of your case.

 

I will use your email and will implement all answers in for your better perusal (you wrote):

I would like some information regarding your company formation service.
I am a Swedish business owner and I am working on expanding world wide. I
am interested in creating 2 international business companies: One Hong
Kong based, this one will mainly be used to manage patents and related
cases. 

The company is done within 24 hours.

 

Pricing:
0) Hong Kong Government – 300 US$ (for incorporation and business license)
1) Startupr Incorporation – 89 US$
2) Registered address 150 US$
3) Startupr as a Agent/secretary – 150 US$
4) Annual Return and postal – 60 US$ + 55 US$ (gov fees of 25 US$ included)
5) Certified copy of Documents – 250 US$ + 95 US$ ( You will need it in order to open up a bank account in HSBC)
6) Bank Account opening in HSBC 95 US$

 

We have in our team lawyer who is focused on patent as well. He might be of assistance.

The other one a BVI company, for international marketing and
technical consulting.
I would need to use a separate bank account for each company, but for
practicality it would be nice to have those at one reputable bank, like
HSBC. 
This is exactly what we always advice to our clients. To open up a company is really easy however you should think twice where to open up a bank account! My advice is almost always HSBC as you have mentioned. They are based worldwide and have really nice online system – banking, we use it in Startupr as well.

The BVI company might have the bank account in HSBC in Hong Kong as well as the Hong Kong company. It would be done at the same time!

 

Pricing for BVI:

 

0) 350 US$ – Government incorporation fee
1)  89 US$ – Startupr company registration fee
2) 350 US$ – Registered address for one year
3) 395 + 115 US$ – Apostilled bound of incorporation documents + postal
4) 295 US$ – BVI, Mauritius, Malta, Latvia or Seychelles – bank account opening
Total: 1594 US$ ( however you can customize your order)

I would like to know if you can help arrange a setup like this

yes, we do this often

and what
your procedure for opening bank accounts is (does it require a meeting
at the bank, do you prepare all documents, etc). 
The process for you as customer is as follow for both companies (we really take care of everything else):

steps to form the company (HK, BVI) and open bank account are as follow:
0. understanding to your needs – biz model or biz case, your needs
1. filling the order form (attached)
2. checking by startupr
3. mandatory order, invoice & payment
4. incorporation
5. post incorporation process; documents dispatching to your address, etc.

 

we need to issue all documents as (for both companies: HK&BVI):

 

- Cert of Incumbency
- M&A
- Resolution of electing directors
- Resignation of Subscriber’s Rihts
- Cert of Incorporation
- Share certificate
- Certificate of Incumbency

 

Indeed, you will need to come over to HK, it will be much faster and easy for all of us.

My preference would be to have this all arranged as a complete package. 
I hope, I have replied to all of your questions, here is the Skype if you like to contact me any further: tomas.milar


or simply my phone: +852 817 036 29

 

have a great day

tomas m

——————————————————————————————

RESPONSE

——————————————————————————————

Hi Thomas,

 

Thank you for the quick reply!
You've made things much clearer. So I get from this HSBC will have no problem opening an account for a BVI company? It's a shame I would need to be present in person, I am really short on time right now and I was hoping to get the company's started on short term. It's not possible to do the incorporations and bank account opening remotely?

 

Regards,

 

Peter

What documents do I need to open bank account in HSBC Hong Kong

How to chose the offshore bank

Once you open your company in Hong Kong, you will need to check what kind of documents to get in order to ope bank account with HSBC (or in any other bank e.g. Standared Charter, Citibank, China Bank, Hang Seng etc.) bank in Hong Kong. The KYC (Know Your Client) policy is getting tougher therefore you need to be well prepared for the meeting. You should collect following documents to make sure that all is fine with the !

 

Bank account opening in Hong Kong requires following documents once you:

 

A)
Company documents for bank account opening in HSBC Hong Kong (prepared by Startupregistry (Limited Company established in Hong Kong)):
- Business Registration Certificate
- Certificate of Incorporation
- Memorandum and Articles of Association (M&A)
- NC1 form

All of these documents are certified by Company Registry of Hong Kong SAR
.

 

B)
Business proof  (following documents should be delivered by you)
Bank needs to know your nature of business whether you have been experienced in that industry you are going to work in therefore they need
some proof of business. (These documents should be delivered by you however they are NOT mandatory.)

 

- issued/received invoices (once the company is incorporated you can issue any of your future customers, they don’t need to pay you however the bank needs to see that you are serious and have already plan/customers)
- business description ( 1 page where you mention what kind of business you’re going to provide (date,signature, letter head, name of director/shareholder)
- agreements with suppliers (if any)
- bank reference letter (if you have one)
- professional letter (if any)
- Biz certificate & Inc certificate of your previous company (if any)

 

C)
Personal documents
- passport
- proof of address (any utility bill which shows your address and your name)

Your incorporation service provider.

HSBC – deposit interest rate

IF you have a bank account in HSBC, you can ask your bank account manager to get better interest rate, startupr has asked HSBC for response in case our customers have positive balance at their bank account.

 

Dear Tomas,

 

Thanks for your information.

 

For the time deposit interest rate, there is no any difference between stand-alone USD saving and Business Direct Integrated Account.
But for Business Direct account, we are also providing investment account for customer to enhance the revenue from their business. We have difference kinds of products which can tailor-made for our commercial customer.

For this case, customer need to arrange the meeting to come HK to open the integrated account. And also, you need prepare ALL the update business documents for account opening as usual.

 

If you have any enquiry, please feel free to contact us.

 

Best regards,

 

company formation in Hong Kong and bank account opening in HSBC Hong Kong

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

Incorporate company in UK and have a bank account in Hong Kong

Incorporate company in UK and have a bank account in Hong Kong

Are you looking for the fastest & cheapest company formation? United Kingdom might be one of your choice in regards to company formation. Highly reputable jurisdiction. E.g. are you about to expand to Europe or simply looking for jurisdiction registered with Android platform – see more in here. There might be an issue with your citizenship (non UK ciztizen might have difficulties to open a bank account) therefore we might offer you to open a bank account in HSBC in Hong Kong.

 

HSBC is the British multinational bank – as of 2011 it was the world’s second-largest banking and financial services group. You can open up a bank account in HSBC Hong Kong  – Business Direct as a shareholder of UK company. There is no need to travel to Hong Kong. For further information contact us: tomas@startupr.com

 

UK company + HSBC Hong Kong bank account = the best platform starting new oline business just within a few days

 

Your Startupr

What documents are needed for HSBC bank account – Hong Kong

 

How to chose the offshore bank

Once you open your company in Hong Kong, you will need to check what kind of documents to get in order to ope bank account with HSBC in Hong Kong.

Documents for bank account opening in HSBC Hong Kong:
- Business Registration Certificate
- Certificate of Incorporation
- Memorandum and Articles of Association (M&A)
- NC1 form

HSBC (Hong Kong) business bank account opening:
- Limited Company established in Hong Kong
- Limited Company established Overseas

Startupr – Your incorporation service provider.

What does “KYC” mean?

What does it mean an offshore or being an offshore?  Offshore company!

KYC – Know Your Client is a process when incorporation provider requires information on each and every Beneficial Owner, Director and Shareholder. Certain Jurisdictions or banks may require even more information than is mentioned in this article. The bank usually ask for following documents:

 

Natural Person
- Passport
- Proof of residential address

 

Company documents
- Certificate of Incorporation
- Memorandum and Articles of Association
- Certificate of Incumbency
- Share certificate
- Resolution Electing Director

 

Can I open an Anonymous bank account?

 

No, there is no bank offering such a service as “anonymous accounts”. All of the banks are required to get know their client (KYC). While account opening through an Introduction is still possible without a personal appearance of the owner of the company in the bank.

 

Banking secrecy

 

Every single bank in offshore jurisdiction is obliged to keep all information must remain in regards to “KYC – Know Your Client” strictly confidential.

E.g. This is standar process even if the you open Seychelles company.

Rietumu bank and Startupr have agreed on cooperation

Rietumu bank is regarded as one of the largest bank operating in Baltic area. Thanks to the bank policy, the services have been applied for customers from all the world. The bank is situated in European Union what rankes the bank between to highest offshore banks in banking industry. Rietumu provides traditional banking services, such as crediting, financing trade operations, deposits and international payments, consulting services (including tax consultations), brokerage services, asset management, consulting, and assistance in obtaining a residence permit in Latvia, as well as offering deluxe credit cards.

 

  • Bank placed in European Union.
  • There is a one-time account opening fee of 150 EUR for any Private or Business bank account, initial deposite of 150 EUR
  • No mantainance fee for bank account exceeding 10,000 EUR (or equivalent in another currency)
  • Multi-currency bank account, allowing to hold any currency – including EUR, USD, etc.
  • Visa/Mastercard debit and credit card available.
  • Telephone & Internet banking facilities available.
  • SWIFT/ IBAN available.

Start your business in Seychelles nad opne bank account through startupr in Rietumu bank.