Starring provides an one-stop solution for incorporation in Hong Kong including opening the business bank account for the people who wish to get their startup or branches in Hong Kong to move on.
Opening Company Bank Account
- Account opening consultation: We provide information and suggestions on various Hong Kong banks to assist customers in selecting the most suitable banking institution.
- Document preparation: We assist in preparing the required documents and application forms to meet the bank’s account opening requirements. This includes
- company certification documents,
- shareholder and director information, and, if necessary,
- accountant certification documents (certified by Hong Kong certified public accountants, with additional fees required).
- Bank appointment: We also handle bank appointments on behalf of our customers, eliminating the need for them to queue at the bank and expediting the account opening application process.
Importance of a Company Bank Account for Business
- Never consider of using the personal bank account, not even an integrated bank owned by a person, for any revenue-generating business.
- Any transaction will be recorded at the bank as a breach of the Hong Kong law and your personal may have a chance to get frozen by the bank. In 7 years, you cannot re-open a new account at that particular bank and its group of financial institutes. Worse still, the record of violation may be recorded in the database as a fraud case for a longer period.
Why Choosing Starring for Company Bank Account Application?
- We work closely with various banks and knows well about the best practice in facilitating the relation between the bank and the applicant.
- We help out on documentation preview and consolidation that you will not bother about the length of the queue at the bank.
- We have a track record of successful application at the major banks in Hong Kong for enterprises with complex structures and business units.
- The specialist at Starring will also share the best practice and know-how with the applicant to ensure that the bank account application experience is pleasant and satisfactory.
Procedures for Opening Bank Account in Hong Kong:
- Submit a bank account opening application
- Approval by the Due Diligence Department of the bank
- The final account number is issued upon approval from the due diligence
- Deliver a cheque Book
- Deliver passwords for online banking
- Activate online banking password
- First time online banking registration service
- Deliver or obtain ATM card and password
- Deposit start-up funds
Required Documents:
- CI/CR
- BR
- Business Registration Annual Return / NNC1
- Proof of Identity
- Residential Address document
- Monthly Bank Statement
- Related person’s mobile phone number
- Related person’s email address