Do I need to be in Hong Kong for bank account opening?
Yes. If you want a Hong Kong bank account, you need to be in Hong Kong for account interview.
Can I appoint someone to meet with bankers on my behalf?
No, banks need to meet with the director and shareholder in person.
What are the standard documents required by banks in Hong Kong?
They will need to review certificate of incorporation, business license, incorporation forms and articles & associations.
What is the standard time frame for account opening in Hong Kong?
The approximate time frame is 2 – 3 weeks.
I am a premium account holder. Can bank provide express service?
Bank has no express service. However, you can prepare documents in advance to facilitate the account opening process.
What are the documents to be prepared?
In general, banks want to know your business nature. If you can prepare a business plan and show them your website, they can usually process your application faster.
If bankers ask me for additional supporting documents, is it necessary to provide him?
Banker has full discretion in approving your application. If his request is reasonable, you should follow his instruction to shorten application time. You can contact our incorporation team to learn more about banking culture in Hong Kong and China.
Can GSHK support me for bank account opening?
Yes, we also have bank support pack available. The cost starts at HK$6,000, and it depends on your business nature and years of your business experience.
Can I have account confirmation before I fly to Hong Kong?
Yes. Our bank support pack is a pre-screening service. Documents will be reviewed in advance. Bankers will give an appointment only if the chance is moderate to high.
How fast can I know the result of the Preliminary Checking?
Pre-screening usually takes 1 week. If information is considered to be insufficient, we may ask for more documents for a second round pre-screening.
Is there a chance I pass the preliminary checking but get rejected after meeting bankers in person?
In rare occasion, this is possible. If the information presented during the interview is different to the information listed in your previous pre-screening documents, bankers can refuse to open a bank account. You may need to start the whole application again.
Is it necessary for a Hong Kong company to have a Hong Kong bank account?
No, it is not mandatory to have a Hong Kong bank account. A Hong Kong company can have its bank account in other countries. This is 100% legal.
Can I open a bank account in other jurisdictions?
What documents do I need to open an account outside Hong Kong?
Most overseas banks will ask for apostille documents from the Hong Kong High Court. You can check with bank of your choice directly.