Benefits of having a Hong Kong corporate bank account

Benefits of having a Hong Kong corporate bank account

A corporate bank account will serve so many countless benefits if you open it in Hong Kong. First thing first, the benefit will contribute in the smooth business transactions of your company since the Hong Kong banking industry has one of the best and most advance systems in the globe. There are tons of equally viable foreign or local banks to choose from when you decide to open a Hong Kong corporate bank account. All of these banks offers various services including optimized cash management facilities, internet banking, trade financing, and services pertaining to capital loans for businesses.

We will give you a quick check on the advantages that you can benefit from if you choose to open your bank account in Hong Kong.

No tax on interests

All interests derived from a Hong Kong bank account is not subject to tax.

Manageable balance on bank accounts

In general, banks in Hong Kong does not impose strict polices in maintaining an average minimum balance on bank accounts. On the other hand, charges apply on monthly fees.

Worry free international wire transfers on capital

There is no foreign exchange trade that is regulated and existing in HK. Which means, that generally, most international wire transfers pertaining to dividends or profits can be transferred with ease.

Excellent banking system & quick access to bank accounts

Banking technologies on accessing the bank accounts in Hong Kong is a breeze. Thanks to its banking sector that prioritizes customer satisfaction and easy account access on their internet or mobile banking’s. Likewise, Hong Kong is a major financial player in the global market on technologies that improves the banking services in its country.


    Requirements for opening a Hong Kong Corporate Bank Account

    Avail our bank account opening services

    Aside from our incorporation packages, we are also experts in the bank account opening of not only in Hong Kong but including Singapore, Macau, and other popular offshore jurisdictions. As a bank introductory firm, we will guide you through the process and prepare the necessary documents in order to ensure that the procedures are followed consistently. This way you are guided according in making an informed decision on which bank is the best that can suit your needs.

    Important Documents to Remember

    • Personal identifiers and primary identification documents that are issued by your government to prove your identity.
      • Passport
      • National ID
      • Driver’s License
      • Visa
    • Proof of billing
      • Utility Bills
      • Bank statements
      • Note: proof of billings must not be older than 2 months.
    • Business proofs
      • Incorporation documents of the company
      • Certificate of Incorporation
      • Articles of Association
      • Business Licenses or permits
      • Business plan
      • Financial Statements
      • Bank reference letter
      • Lease Contract
      • Sales / Purchase Contracts or Agreements
      • Invoices
      • Other company proofs to attest and support the existence of the company
    • Deposit of the initial minimum bank account balance for the bank
    • Company Board Resolution authorizing the opening of the corporate bank account
    • Controlling persons such as shareholders or directors with more than 10% ownership in the company has to physically present in Hong Kong during the processing of the bank account opening. We would like to remind you that usually the whole process of the bank account opening can take up to 2 weeks.
    • A certified true copy of the Certificate of Incumbency and Certificate of Good Standing for offshore companies
    • Documents which are not written in English has to be certified and translated into English.

    Please remember that all banks differ in their approach in terms of due diligence and requirements.

    Our thoughts

    If you have finally decided to open your corporate bank account in Hong Kong, please feel free to contact us directly and we will be gladly of assistance to help you open that bank account.


      Benefits of an offshore bank account

      Benefits of an offshore bank account

      Going offshore in your personal or company banking is considerably the best option for you right now regardless of your motivations. An offshore bank account will provide you and your company with many possibilities and benefits that you can never get in a regular bank account. Shifting on an offshore bank account will diversify your wealth and assets across multiple countries, accounts, currencies, and most importantly channels to protect your capital and savings. By doing so you are directly preparing to get rid of risks associated with maintaining a normal bank account in a domestic market that is prone to financial lock-downs and breakdowns.

      To be exact, there are tons of benefits when you venture and slide into offshore bank accounts. To name some, you might be interested to know that we have compiled some of the best benefits that you can get in offshore bank accounts.

      Security & Protection of Capital Assets

      It is practical to remember that securing and protecting your wealth is the most important aspect of your financial well being. Compared to a traditional bank account in a regular banking institution, going offshore will open doors for a well regulated, transparent, and top notch privacy shielded banking experience, without the need to worry about economic crisis, freezing of accounts by government agencies, and other financial related troubles in a normal banking system.

      Exemplary Services

      Providers of offshore bank accounts have prioritized a user friendly and personalized service to its clients, unlike traditional banks. Normally, a bank representative is assigned to oversee your funds and account to ensure that you are benefiting from their banking facilities to the fullest. Most importantly, you will be able to benefit from their global services, especially for companies and business people who requires international banking facilities.

      Easy & Immediate Access to your Funds

      Offshore banks always maintain a high degree of customer experience to their clients. Since majority of whom are requiring a global access to their funds regardless as to where they are located. Rest assured, when you go offshore your funds are accessible in multiple secured channels.


        Savings on Tax

        Depending on your personal or company needs, you can reap your tax benefits from offshore bank accounts in many ways. For the sake of mentioning a critical one that relates to tax optimization is that when you go offshore you can secure your wealth from your tax origin and residence.

        Estate planning by going offshore can be equally beneficial for you as well. To know more about tax savings on offshore, Talk to Us directly now!

        Access to Open Market Investment Opportunities

        Regardless of where you reside or your country of origin, once you have an access to an offshore bank account, your possibilities on tapping to open market investments will also open. This feature is not always available on traditional banks. You and your offshore bank can create an investment portfolio on your wealth that fits your requirements.

        Foreign Exchange Outlet

        Possibly one of the major perks of having an offshore account is your ability to create an avenue for you to enter into multi-currency accounts. Of course, circumnavigating on these accounts will be hassle free and not chargeable. Most offshore banks have the ability to transfer funds from multiple currencies while giving you the best rates on those forex rates.

        Our thoughts

        As you may well know, we provide bank account opening not only in Hong Kong, Singapore, and Macau, but you will also benefit from other famous offshore jurisdictions that has the best financial facilities to protect your wealth and assets.

        Aside from what we have written in this article, we actually have tons of advice that you can benefit from if you intend to open an offshore account under our service. These advice are in fact very confidential and you would never read it online.

        Feel free to Contact Us and we will provide you with the best protection on your money that offshore accounts can offer.


          Copyright © 2019 ACCOPLUS LTD. All rights reserved