Most of the bosses registered Hong Kong company is to open a Hong Kong bank account to receive payments, then in so many Hong Kong local banks, in addition to our common HSBC, Standard Chartered such big banks, Hong Kong Oversea-Chinese Banking Corporation (OCBC) public account is also the choice of many customers. This article we together comprehensive understanding ofAdvantages of Hong Kong Hang Seng Bank's public account, account opening information, account opening process, account opening related costs!

01.Advantages of opening an account with Hong Kong Hang Seng Bank

1. Support account opening industry moreNow not only support the e-commerce industry, investment, logistics, film and television, education, game industry can also support the account. There is no restriction on BVI and Cayman companies, and if you can provide business information, you can also have no affiliates and no multi-layer structure fees.

2. Free movement of funds

As a local account in Hong Kong, Hong Kong Hang Seng Bank account is not subject to foreign exchange control restrictions, and the funds are free and convenient to enter and exit, which meets the needs of enterprises in cross-border transactions.

3.Multi-currency supportSupports multi-currency operations such as HKD, USD, RMB, AUD, CAD, CHF, EUR, GBP, JPY, NZD and SGD, etc. to meet the diversified currency needs of enterprises.

4. Support letter of credit sending and receiving business

Support the letter of credit sending and receiving business, if you need to inform the manager in advance, you can open a trade account to send and receive letters of credit together with the opening of the account on the same day.

5. Friendly conditions for account opening

• Most of the local banks in Hong Kong to open an account require affiliates, such as Hong Kong HSBC requires affiliates to have international business, while Hang Seng does not have this requirement, purely Mainland business can also be opened;
• If the personal flow can be around 200,000-500,000 dollars, the(Personal flows can be salary and wages, investment stocks)Then you can open an account without an affiliate.

If you also want to open the Hong Kong company's public account, welcome to sweep the code to add our online customer service (WeChat: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

02.Hong Kong Hang Seng Bank Corporate Account Opening

Approval Points Bank Approval Points:

1. There are Mainland affiliates:Trade: turnover is best above 5 million, the chance between 1 million-4 million is a bit low, you can try cross-border e-commerce: if there is a link is better, turnover between 1 million-4 million is not a big problem
2. No affiliated companies:Provide the director of the social security details for nearly a year or more, personal water according to the company's business and the expected turnover related to personal water can be in the 20-50 million, if the physical trade, personal water only a few tens of thousands of too low, it is difficult to approval(Personal flows can be salary and wages, investment stocks)

03.Hong Kong Hang Seng Bank Account Opening

tariff rate

1. Bank account opening feesSearch: hkd150

2. Inward and outward remittance chargesManagement fee: no management fee for accounts over HK$100,000 per month, HK$200 per month for accounts less than HK$100,000 per month
Activation payment: no limit, it should be noted that the deposit is required within six months, not how much is required, otherwise it will be canceled.
Wire Transfer: $65/transfer for inbound, $125/transfer for outbound. You can open 3000/month unlimited transfers without transfer fee. Or 800/month with 10 incoming and outgoing transfers.
Cryptographic Letter IssuesIf you do not need to deduct the account card, there is no password letter letter, about a week after the next account will receive a text message, the cell phone APP operation on the line, can face recognition login, convenient and good practice. If you also want to open the Hong Kong company's public account, welcome to sweep the code to add our online customer service (micro letter: jxhqcy890 / cell phone: 16625410105), arrange for the manager to answer questions, provide professional advice and full one-on-one service!

04.Potential benefits of opening a Hong Kong company account for international business

✨ [Benefit 1] Tax Advantages

Low tax rates:The corporate income tax rate in Hong Kong is only 16.51 TP3T, and for enterprises with annual profits not exceeding HK$2 million, the tax rate is even halved to only 8.251 TP3T. In addition, there is no value-added tax (VAT) or sales tax in Hong Kong, and dividend and interest incomes are also subject to a zero tax rate.

Tax planning is flexible:Hong Kong's highly transparent legal and business environment provides enterprises with stable and flexible room for tax planning. For example, profit withholding and tax optimization can be achieved by setting up a company in Hong Kong to engage in re-export trading.
✨ [Benefit 2] Free Flow of Funds
No exchange controls:Hong Kong has no foreign exchange control on enterprises and individuals, and funds can flow in and out freely without restriction. This makes enterprises more efficient in international trade and investment and more flexible in capital operation.

Multi-currency accounts:Hong Kong bank accounts support a wide range of currencies, including Hong Kong Dollar, US Dollar, Euro and Renminbi. Enterprises can easily make multi-currency deposits, withdrawals and exchanges according to their business needs, reducing exchange rate risks and meeting international settlement requirements.
✨ [Benefit 3] Efficient international business settlement
Efficient international remittance systems:Hong Kong banks work closely with major financial institutions around the world, making international remittances fast and efficient. Enterprises can utilize Hong Kong bank accounts to quickly complete cross-border fund settlements, shorten transaction cycles and enhance operational efficiency.

Reduce cross-border transaction costs:Cross-border fund transfers through Hong Kong accounts are relatively convenient and can help companies better manage their funds and reduce transaction costs.✨ [Benefit 4] Investment facilitation

Direct participation in international financial markets:After opening a Hong Kong account, companies can directly participate in trading in the Hong Kong stock market, bonds and other investment products, gaining access to more diversified and internationalized investment opportunities than those in the domestic market, and helping to achieve wealth appreciation.

Convenient overseas investment management:For high net worth individuals and corporations, a Hong Kong account provides a convenient way to store and manage overseas funds, allowing for greater wealth diversification and value preservation and appreciation.
Hong Kong's banks are many, but not every bank is suitable to open a public account, if you choose an inappropriate bank, the risk of being rejected is also relatively large, if they can not control which bank is beneficial to their company, do not know how to match the protection, or want to let the enterprise financial surplus to help customize the program bosses, welcome to scan the code to add our online customer service (micro letter: jxhqcy890 / mobile: 16625410105), arrange the manager to answer questions, provide professional advice and full one-on-one service!