for Hong Kong and selected overseas company (for corporate clients doing business).
Hong Kong is an upgrade of banking services for worldwide business. AsiaBC is a corporate bank account opening intermediary of pristine Hong Kong banks. We are offering “bank introduction” service to Hong Kong and overseas companies, assisting our clients to well prepare their account opening applications, banker interview, and the required documents for compliance to Hong Kong banks.
You can enjoy discount for buying our Hong Kong Company Formation with Bank Opening Service.
All banks and 3rd party fee are excluded. The application is subject to final approval of the bank and we does not take up responsibility of any client loss due to unsuccessful bank account opening process.
We can assist our clients to apply for corporate bank account in HSBC Group (Hong Kong and Shanghai Banking Corporation Limited) as well as the prestigious corporate bank as follows:
Non high-risk clients:
Hong Kong is participating in international actions to to combat money laundering and terrorist financing (AML/CFT). Hong Kong banks do not accept the application which is believed to be “high-risk”. Practically, people and company originated from the regions and countries listed on “High-risk and non-cooperative jurisdictions” published by FATF are not accepted by the banks.
Meet the bank:
There is legal requirement for all banks in Hong Kong to follow Know-Your-Customers (KYC) and due diligence policy. All banks request all the directors, shareholders, beneficial owners (and nominees if available) to visit Hong Kong to meet with the banker as a requirement of account opening application.
Our bank introduction service includes making an appointment of the bank, so you are confirmed about the schedule as early as possible.
Significant persons:
The banks request all director(s), shareholder(s), beneficial owner(s), account signatory and nomine(s) if available must come in person to Hong Kong and meet the banks.
We have 2 checklist about Hong Kong banks required documents and required information for account opening application.
Translation:
The bank may request English-translated documents which are translated by professional translation providers (you can consult the Embassy & Consulates of your home country) if the documents are not written in English.
Legalization:
The bank may request locally legalized documents if the documents are not produced in Hong Kong. Therefore, The documents which are produced in your home country may need to be attested by notary and apostille service in there; All copies of documents submitted to the bank must be legalized as “Hong Kong certified true copies”
The bank requires proof that the applicant is able to settle the minimum deposit amount if the account opening is successful.
AsiaBC is awarded HSBC Business Advisor Award in 2013, 2011, 2010 & 2009 and is offered as Standard Chartered Bank (HK) Best SME Partner Award in 2012 as recognition as qualified back account opening intermediary of HSBC Hong Kong and Standard Chartered Bank (HK).
Alternatively, we are offering “success guaranteed” Hong Kong corporate bank account opening service for clients. In this program, we work with selected Hong Kong banks as intermediary, we offer free-of-charge pre-assessment to our clients to estimate the chance of approval. The clients can choose to leave regardless of the result, or pay the service fee to proceed the application.
In the case if the application is rejected by the bank, we refund our service fee to our client.
The details of our “success guaranteed program” are as follows:
Hong Kong a non-sovereign territory (under the sovereignty of the People’s Republic of China) but are granted high degree of autonomy, adapting legal system originating in British common law. Therefore, Hong Kong has strong advantage in the position as the gateway to China’s market because of its long history of world-class business environment, international markets, clean government and strongly global-accepted regulatory regime.
Stock exchange market in Hong Kong is Asia’s 3rd largest stock exchange in terms of market capitalization, and 6th largest in the world. Hong Kong has one of the highest concentration of banking institutions in the world. 70 of the world’s largest 100 banks have an operation in Hong Kong. By the end of December 2016, There were 195 authorised institutions consisting of 156 Licensed Banks, 22 Restricted Licensed Banks, and 17 Deposit-taking Companies as well as 54 Representative Offices of Foreign Banks There are 159 licensed banks, 21 restricted licence banks and 23 deposit-taking companies in Hong Kong.
Hong Kong has adopted Linked Exchange Rate system with US dollar and the system has served monetary stability of Hong Kong for over thirty years since 1983. The current exchange rate is 7.8 HKD per USD and the amplitude of the Linked Exchange Rate is no more than 1%.
The stability of Hong Kong exchange rate is safeguarded by HKMA, the de-facto central bank of Hong Kong, by holding total of US$339.9 billion the official foreign currency reserve assets of Hong Kong at the end of July 2015.
Full freedom of movement for capital and payments is protected by the Basic Law, serves as the constitutional document of the Hong Kong. Hong Kong adopts pro free market measures such as free trade port to encourage international businesses.
