Jun 14 2011

Part II: Offshore Banking with HSBC – HK (Local Limited Company)

Once you open up a company in Hong Kong, there is a mandatory requirement to have a local bank account however e.g. in Singapore its not mandatory (that’s why many companies have a entity in Singapore while opening bank account in HK(as an offshore banking – how to open up a bank account as a overseas limited company click here) . In some countries it’s important/mandatory to have a bank account in the country where you have opened office and the whole process might be difficult and time consuming however in HK its just a matter of a few documents which might be easily issued by Company Registered ( 14th floor, High Block, Queensway Government Offices, 66 Queensway) as a certified true copies or you can print it in your office and certified it by a notary. Since you apply all required document, it will take five working days to get ready yours company bank account.

You need to submit following documents:

– Copy of Certificate of Incorporation
– Copy of Business Registration Certificate
– Copy of Memorandum and Articles of Association ( M & A) and any amending resolutions, or comparable documents
– Company Limited by Shares – NC1 or Company Not Limited by Shares – NC1G

After an incorporation, we can assist you to open up a bank account.

By Jakub Vele • Hong Kong, Offshore Banking • 0 • Tags: Hong Kong, Offshore Banking

Jun 1 2011

Part I: Offshore Banking with HSBC – HK (Overseas Limited Company)

If you think about to open up a bank account overseas e.g. in Hong Kong, you have a chance with HSBC even you don’t have a company registered in HK.

Whether the company has been incorporated overseas and not registered in HK you are obliged to provide following documents in order to open up
your offshore bank account according to HSBC requirements:

– Copy of Certificate of Incorporation and subsequent certificate of change of name, if any.
– Copy of Business Licence (or comparable document), if any.
– Copy of Memorandum and Articles of Association (M&A) and any amending resolutions, or comparable document.
– To finish HSBC Application on-line.
– All directors should provide identification information (Name, ID number and ID type).
– Initial deposit (HK $ 5,000, or US $ 1,000 or equivalent to another currency)
– You will ask to pay some handling charge – please refer to HSBC latest commercial tariff

All copies of all documents submitted should be true copies certified by a certified public accountant, lawyer, banker or public notary. If document
is not in English, translation should be provided.

For establishing HK Limited Company please visit startupr.com

By Jakub Vele • Hong Kong, Offshore Banking • 0 • Tags: Hong Kong, Offshore Banking