Identity verification procedure execute outside Hong Kong
In recent decades, the development of globalization has accelerated. Cross-regional economic activities have also become more frequent. More and more China enterprises are actively planning to enter and expand their overseas markets. Typically, China enterprises will set up a Hong Kong or overseas company and open an offshore bank account for their business transactions with foreign customers and to manage their own capital flows.
Hong Kong respects free flow of capital. There is no restriction over capital movement for Hong Kong bank accounts and funds could be withdrawn in multiple countries with just ATM cards. Therefore, Hong Kong bank accounts have long been the top choice by the China enterprises.
Most banks in Hong Kong now offer multiple account opening solutions. Even if the owner of the company is in Mainland China and could not visit Hong Kong in person, he or she can still complete the account opening process by either go to a bank branch in Mainland China or via video conference.