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How to open a bank account
The process and documentary
requirements for opening a bank account vary depending on the type of entity,
the type of bank account and from bank to bank. Like domestic companies,
overseas companies can open a wide range of bank accounts.
The following is therefore a rough guide only for a limited company
incorporated in Hong Kong. Registration and incorporation of the company must
first be complete before the bank account can be opened.
The company should submit to the bank in person, the following (certified as
true copies where applicable).
- Certificate of Incorporation
- Business Registration Certificate
- Copy of the last annual return and subsequent key
documents filed with the Companies Registry
- Documentation that proves the company is in business eg
audited financial statements, a contract or an invoice
- From the directors:
- for a newly setup company, a director's declaration
on shareholders information
- a mandate for opening the account signed by a quorum
of directors
- proof of identity, nationality and address of
directors, as well as authorized signatories, principal shareholders
and beneficial owners
- completed account opening form and signature cards
Banks normally require a minimum deposit before they open an
account. This can be as little as HK$2,000.
Although the process is straightforward and transparent, all banks reserve the
right to ask for further details as necessary.
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