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Know Your Client (KYC) Procedure - What to expect

Startupr
28 July, 2015

If you want to start a business, set up a company in Hong Kong or you just need to open a bank account, you might be asked to provide the following documents:

  1. Any corporation Agreements
  2. Certificate of incorporation (notarized)
  3. Certificate of Incumbency no older than 3 months (notarized)
  4. Appointment of first directors (notarized)
  5. Power of attorney (notarized), if any
  6. Scan of the passport (notarized) or personal ID
  7. Proof of address (any utility bill or invoice carrying name and address of the person(electricity, phone bill, bank statement)
  8. Beneficial owner agreement if any plus points 6 and 7
  9. W8 form - if you provide any financial services
  10. KYC (know your client) questioner

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.

Failure to provide any of the requested documents may delay the process of bank account opening.



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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