Now, bank accounts are not limited to traditional local banks, there are many options such as offshore banks and virtual banks.
However, due to the changing of regulation and policy in banks and Government authorities today, the documents and due diligence / Know-Your-Customers (KYC) requirement during the account opening process becomes relatively complicated. Our team will provide objective opinion to clients through the process for preparation of documents for bank’s preliminary review and acceptance.
General Procedures and Documents Requirement
1. Pre-submission
- Well preparation of all required company documents by Atrix
- Identification documents of shareholder(s), ultimate beneficiary owner(s), director(s) and proposed authorised signer(s); and
- Proof of residential address (within 3 months) of the above-mentioned person
2. Review of Documents (by Bank)
- Business Proof and Plan (BPP) for Due Diligence Purpose
- Existing operation company registration documents if you are the owner of an existing company and similar business outside Hong Kong
- Academic and Work Experience to show the capability of running the new business in Hong Kong
- Invoices from Suppliers, Receipts to Customers, Shipping Documents and/or Commercial Contracts (if any)
- Top 5 suppliers and Top 5 customers (if any) of your proposed business of the Hong Kong Company
- Bank statements with Debit and Credit Advice (if any)
- Company brochure, website and etc. (if any)
3. Acceptance from Bank
- Bank will confirm the date and time to clients for business bank account opening in Hong Kong
- Client is required to meet the bank in person under bank’s policy and procedures