Open an Account in Hong Kong

Hong Kong is one of the popular jurisdictions for opening bank accounts for firms that plan to operate in Asia. It is an offshore jurisdiction that offers favorable conditions for non-residents. However, to open a bank account in Hong Kong, you must know the peculiarities of this jurisdiction. It is better to entrust the work to specialists to avoid rejection. Lawtter Solutions offers clients the service of opening a bank account in Hong Kong. We provide turnkey services on favorable terms.

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Services

Opening an account

Lawtter Solutions offers legal solutions in business registration, bank account opening

Permanent residency

Lawtter Solutions offers legal solutions in business registration, bank account opening

Trademark

Lawtter Solutions offers legal solutions in business registration, bank account opening

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1000 EUR*

Service cost

1-3 months

Terms

Multilingual

Support

With a personal visit

Type

Opening an account

Basic information about opening a bank account in Hong Kong

Hong Kong offers the opportunity for both companies and individuals to open a bank account. It is especially popular for legal entities as it is an offshore jurisdiction. Non-residents can open an offshore bank account in Hong Kong and enjoy tax benefits without problems. However, it should be remembered that the register of beneficiaries in Hong Kong is open. Accordingly, to remain incognito, you will have to use the nominee service.

To open an account in Hong Kong, visiting a bank branch in person is necessary. It is impossible to open an account remotely; you must pass an interview with a financial organization. Non-resident companies in Hong Kong do not pay most of the taxes that are provided for in this jurisdiction. For this reason, it is favorable for doing business in China or other countries of the Asian region.

An important argument in favor of having a bank account in Hong Kong is the high degree of protection of funds and personal data. In terms of security, banks from this jurisdiction are among the world leaders.

Benefits of opening a bank account in Hong Kong

A bank account in Hong Kong allows you to get several important benefits. The main ones are as follows:

Developed banking sector

More than 100 banks are licensed to provide banking services. Hong Kong banks are among the leaders in terms of worldwide transactions.

Favorable conversion terms

Hong Kong banks charge a low-interest rate for transfers when converting from one currency to another.

Favorable credit policies

Interest on loans in Hong Kong is very low.

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Documents

List of documents for opening a bank account

To register an account with a bank in Hong Kong, you need to submit a set of documents. To open a personal bank account for an individual, the following papers are required:

Passport or ID card;
Proof of residential address;
Taxpayer Identification Number;
Confirmation of the origin of funds;
Resume (CV).

Companies need to prepare the following list of documents:

Company registration documents;
IDs of the director and shareholders;
If a manager opens the account, you should provide the ID of the manager and a power of attorney issued by the director;
Proof of residence address of the director, shareholders, and manager (if any);
Agreements with partners;
Confirmation of the origin of the money.

Services

Bank account opening services at Lawtter Solutions

Lawtter Solutions offers account opening services in Hong Kong for businesses and individuals. We make this process as seamless and quick as possible. The procedure includes five steps:

Consultation and assistance in selecting a bank.
Preparation of documents for registration.
Submission of the application.
Verification.
Obtaining all necessary access to the account and other details.

Before opening an account in Hong Kong, you must choose a bank first. The main banks in Hong Kong are as follows:

HSBC Hong Kong;
Bank of China Hong Kong;
Bank of East Asia Hong Kong;
Chong Hing Bank Hong Kong and others.

Lawtter Solutions provides full legal support for opening a bank account in Hong Kong. Our experts will tell you how to open an account in the Bank of China in Hong Kong and in other local banks. We can also help you to purchase a ready-made company with an already opened account.