After the completion of the registration of the
Hong Kong company, the next priority is to open a business bank account. The director can freely choose to a bank to open the business bank account, i.e. local accounts or offshore accounts. Many enterprises in the mainland have business cooperation with Hong Kong. In order to facilitate the exchange of trade, it is necessary to open a company bank account in Hong Kong.
Hong Kong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC holdings LTD., a founding member of the HSBC group and its flagship in the Asia-pacific region. It is also one of the largest registered Banks in Hong Kong and one of the three major Banks in Hong Kong (the other two are bank of China (Hong Kong) and standard chartered bank). As the largest registered bank in Hong Kong, HSBC has become the first choice for many enterprises.
Information requested by HSBC in Hong Kong:
-
Valid Business Registration Certificate (BR)
-
Certificate of Incorporation (CI)
-
Memorandum and Articles of Association (M & A)
-
Company Annual Return
-
Latest Notification of Change of Secretary and Director (Appointment/ Cessation) (form D2A/ND2A)
-
certificate of Change of Name
-
Return of Allotment (Form SC1/NSC1) and/or Instrument of Transfer (if applicable)
-
Signature seal
-
Nationality proof of directors & Residential Address
-
Business plan of all shareholders, directors and authorized persons
-
Business operation information, such as confirmed order, sales contract, invoice, packing list, documentary credit, lease of office, provisional sales and purchase agreement
Advantages of opening an account at HSBC:
1. No regulation over deposit
2. No deposit interest tax
3. Convenient financial management
4. Freedom of capital mobilization
5. Comprehensive operation rate of funds is high
6. Convenient verification
