Offshore Bank Account in Hong Kong – Updated April 2013

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Offshore bank account HSBC 

How to open a corporate offshore bank account with HSBC in Hong Kong?

Note that this option is now only available for HK or Seychelles company. Belize, BVI or Caiman companies cannot open HSBC account anym

Documents Requirements for Hong Kong Company

You will need to provide us documents as follows:

  • business plan made upon the model we will send you if you hire our services;
  • A clear scanned copy of the passport of each Director,
  • A clear scanned copy of a recent residential address proof of each director, each shareholder, and each ultimate beneficial owner and bank account signatory. Note that the recent residential address proof can be in form of a bank statement or a utility bill of less than 2 months old

Note that those are the documents requirement for a HK company.

For a Seychelles company the document requirements are more extensive

Documents Requirements for Hong Kong Company

You will need to provide us documents as follows:

  • business plan made upon the model we will send you if you hire our services;
  • A clear scanned copy of the passport of each Director,
  • A clear scanned copy of a recent residential address proof of each director, each shareholder, and each ultimate beneficial owner and bank account signatory. Note that the recent residential address proof can be in form of a bank statement or a utility bill of less than 2 months old
  • Bank Reference Letter from Director Shareholder of the company
  • Private bank Statement from director shareholder of the company (3 Months)
  • Proof or employment or of business
  • Experience of Director 
  • contracts with customers under name of director or new company

As you can see this is quite more complicated that it use to be

NOTE THAT WE HAVE NOW OTHER OPTIONS SUCH as: Belize company + Andorra Offshore Account from 1595 Euro or Seychelles Company + Andorra Offshore Account from 1695 Euro

  Signature of the Bank Accounts Opening Forms

 When opening a bank account at distance the bank furthermore requires that:

  • the client signs the bank account opening documents in front of a bank officer; and  
  • A bank officer certifies the signature of the client on the bank opening form

The bank officer that certifies the signature on the bank opening forms may be either an officer of a branch of an HSBC local branches closed to your domicile or a bank officer of any other reputable international bank (let us know which bank you wishes to use to certify the documents that we check if the bank signature is recognized by HSBC)  Note that banks generally charge a small fee for this service (in Bangkok the fee is 30 USD).

Note: in relation to services of  HSBC HK bank  account opening at distance: HSBC reserves its right to request that the beneficiary of the company/bank account meet in person with a bank officer. We have to date set up hundreds companies with HSBC accounts opened at distance and HSBC did not exercise this right yet

Minimum Deposit Requirement

Upon the opening of your bank account the Bank will require you to:

  • Transfer a minimum initial deposit to activate your bank account. (5000 Euros for HSBC since April 2013)
  • Pay a onetime setting up fees (2500 HK$ or 300 USD for HSBC)

 

For more information about our other banking solutions please read our posts about offshore account opening at distance in the following countries

 

Location

Bank

Information

Andorra

BPA Bank

Click Here for more information

Barbados

Scotia Bank

Click Here for more information

Bulgaria

Various

Click Here for more information

Cyprus

Bank of Piraeus

Click Here for more information

Dubai

Barclays Bank

Click Here for more information

Hong Kong

HSBC

Click Here for more information

Seychelles

Barclays Bank

Click Here for more information

St Vincent &

Grenadines

LB Bank

Click Here for more information

Switzerland

Various

Click Here for more information

 

 

 

Do not hesitate to contact us if you need more information about this service