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5 Tips on Preparing for a Bank Appointment in Hong Kong

Startupr
27 July, 2015

Spend a few minutes reading this post to discover 5 tips how to prepare for your first appointment at a bank in Hong Kong.


1. Schedule an appointment

If possible, allow yourself to have enough time to prepare for the bank meeting. Collect certified incorporation documents and bring them with you to the bank.


2. Personal documents

The bank will require you to submit the following personal documents:

  • Passport, and other personal documents such as home country driver's license showing your address.
  • Additional address proof required, bank statement, electricity bill, phone bill, etc.

Please note that the personal documents have to be delivered to the bank officials personally.


3. Required Company Documents


4. Supporting Documents and Information about your company

1) Proof of business, or preparation of business, even if your company is newly registered.

2) Nature of business and your experience in the field

3) Issued or Received Invoices

  • Any company invoice will help demonstrate actual business engagement. The company may issue/receive invoices right after its incorporation.

4) Business Description

  • Statement on the company's letterhead (must be dated and signed), naming directors and/or principal shareholders.
  • Copies of agreements with suppliers, if any.
  • One page summary of your business.
  • Bank Reference Letter issued by the bank where you currently have your business and/or personal account is always helpful.
  • Business certificate and incorporation certificate from any other company you have owned or controlled previously.

5. Bank Account Opening

An average bank appointment takes about 25-30 minutes. The bank officials may open your corporate bank account within a few days or they may require more time and postpone the final decision (up to 20 business days).

Additional Requirements:

  • All shareholders with more than 10% of the company shares must be physically present at the meeting.
  • If the company has multiple directors, a proper quorum of these directors should be at the bank meeting. We suggests that all directors attend the meeting.
  • All documents must be in English. If your original documentation is in another language, it should be translated into English, and certified by a local authorized translation agency.
  • Check you have collected all necessary documents. Failing to provide any of the above listed documents may delay the process.

Thinking about opening a company in Hong Kong? Contact Startupr Hong Kong Limited!

company account opening within 4-10 days. In some cases, if a bank requires further information, or a local holiday occurs, there can be several days' delay.



About the Author


Startupr

Startupr puts you first. This is why our main focus is Startups with global ambitions. We give you the freedom to build your business while we take care of the tedious, administrative tasks, leaving you to concentrate on your dream for your company. As part of our brilliant service, our back end software will automatically send you reminders of important annual filings, and upload your important document to your online account. startupr.hk

 

 

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