Bank account in Hong Kong

Hong Kong is traditionally considered one of the most preferred places for doing international business, incl. using foreign companies. This is the financial center of East Asia, the best financial market in the world in 2011, with a reliable banking system and a fairly low tax rate. Moreover, the banking sector is not only well developed, it is flourishing. This is evidenced by the fact that at least 70 of the world's largest banks operate in Hong Kong and have opened their head offices here.

Benefits of Hong Kong banks

Hong Kong is popular among those wishing to open a bank account abroad. Some facts in favor of such a decision:

• the banking sector is the basis for the development of the financial and trading platform of the administrative region, and therefore is actively supported by the state, it is absolutely not subject to crises;
• in the ranking of international financial centers in terms of the number of external transactions, Hong Kong is among the 10 leaders;
• there is no control over foreign currency, no restrictions on the deposit and withdrawal of assets have been established;
• bank secrecy is strictly observed, several methods of protection are provided, including the issuance of an electronic key (a device that generates codes for confirming transactions and other operations), the use of a password, code word, authorized signature;
• favorable tariff policy for servicing a bank account;
• as a rule, documentary confirmation of transactions in transactions for sending/receiving payments is not required;
• the possibility of remote account management is provided: Internet banking, telephone banking;
• By opening an account with a Hong Kong bank, customers can count on a high level of service.

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In general, the procedure for opening an account may differ, each bank has the right to set its own requirements. For example, sometimes they may request a recommendation from a bank client who has worked with him for at least three years. If the opening of an account has already been refused, a second request is not provided.

The company “Finance Business Service” offers services for selecting the best bank, preparing a package of documents and opening a bank account. We will take into account all the peculiarities of the legislation and the possible difficulties of the preparatory procedure to meet the requirements of a particular bank. Professional advice from our specialists and qualified assistance will help you avoid difficult situations and not get rejected.

Hong Kong Corporate Law