Hong Kong Bank Account Opening

Hong Kong has a secured and reliable banking system, it is benefits from the city's stable legal system, simple taxation policy and transparent banking regulations. There are no barriers of access to the market by foreign businesses and no restrictions on capital flows into and out of Hong Kong. The following are the major advantages of opening bank account in Hong Kong:

• Low bank account balance requirements
• No interest tax on deposits
• No restriction in international capital transfer
• High standard of confidentiality
• Secured and advance electronic banking system
• Convenient in handling RMB settlement for cross-border trading with mainland China
• Allow to open multi currency account - choose from 13 different currencies: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD and USD.

According to the Hong Kong Monetary Authority (HKMA), there are over 180 licensed banks in Hong Kong with over 1,200 local branches as of Sep 2014. Generally speaking, finding an adequate bank is time consuming and costly as different banks carried its own policy and formalities and have different requirements when opening bank account. A director of the company may have to pay an extra visit or time to deal with the bank if they failed to provide all required information. The following are 4 majors banks in Hong Kong.

• HSBC Bank
• Hang Seng Bank
• Standard Chartered Bank
• Bank of China

KPC offer bank account opening services to corporate clients with major banks in Hong Kong. We have established long-term relationship with the banks and we will suggest the most appropriate banks for you according to your profiles and business nature. We arrange bank account opening meeting for you in our office and has fully supports from our team.

We launch the banking assistance service in response of the growing number of inquiries for bank account opening assistance in Hong Kong. We assist you to apply for a corporate bank accounts in Hong Kong with HSBC, Hang Seng Bank, OCBC Wing Hang or other partered banks. Please contact us for a quotation for the dedicated services.