Bank Account Hong Kong
Hong Kong is one of a few jurisdictions in the world without foreign exchange control. It does not have restrictions for the amount of funds brought in, transferred from or taken out of the territory. However, according to guidelines of The Hong Kong Monetary Authority, all banks in Hong Kong should meet their clients at least once before they can open any bank accounts for them. Therefore, customers cannot appoint an attorney or proxy representing their company for account opening without an initial consultation. Usually, our clients can open the bank account in around 1 – 5 working days in most of the banks in Hong Kong.
Before opening a bank account, we guide our customers to choose an appropriate bank. Further, we will prepare all the relevant documents and arrange for a meeting with bank managers. Our professional and experienced staff members will provide excellent quality services and will assist in the bank account opening process so as to shorten the processing time as much as possible.
We offer the following sourcing and counseling services to ensure you find the right bank for your company:
Because Hong Kong has incredibly lax regulations involving currency trading, many banks claim to offer the best rates and services. HKCORE can help you sort through the noise and find the banking solution that will best fit your company.
Hong Kong has many laws a regulations that differ from other countries, including regulations regarding bank accounts. We can advise you as to what type of accounts you will need and the best institutions for your needs.
International Debit and Credit Cards
Many banks offer currency exchange and multiple currencies as a feature of credit and debit cards. Don’t make the mistake of signing up for these options without our explanation to make sure you understand the pros and cons of these services.
Letter of Credit/Trade Support
Having a letter of credit is a necessity when opening a bank account in Hong Kong. We provide you with a letter of credit and act as your reference so that opening an account will be easy and stress free.
Funding and Investments
We have many years of experience with obtaining funding for our clients as well as finding investment professionals that will work with you to grow your assets. Contact us today to learn more about these services.
We have a very good relationship with many reliable and user-friendly banks both locally and internationally. Different banks have different strengths in their respective areas. We will assist our clients to choose and open bank accounts with their appropriate banks to meet their particular needs. Our close connection with a variety of banks ensures that you will get the best rates and services available- an invaluable asset for any new business.
Contact us today to learn more about opening a bank account in Hong Kong.