Eligibility
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.
Visiting Hong Kong
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.
Required documents
- Personal documents
- Company documents
- Business proofs
We have 2 checklist about Hong Kong banks required documents and required information for account opening application.
Translation and Legalization
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”
Minimum Deposit Amount:
The bank requires proof that the applicant is able to settle the minimum deposit amount if the account opening is successful.