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!

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

1. Support account opening industry more

Now not only does it supportE-commerce industry, investment, logistics, film and television, education, game industryAccount opening can also be supported. There is no restriction on BVI, Cayman companies, if you can provide business information can also be no affiliates, and there is no multi-layer structure fees

2. Free movement of funds

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

3.Multi-currency support

Support Hong Kong Dollar, US Dollar, Chinese Yuan, Australian Dollar, Canadian Dollar, Swiss Franc, Euro, Pound Sterling, Japanese Yen, New Zealand Dollar, Singapore Dollar and other currencies, to meet the diversified currency needs of enterprises.

4. Support letter of credit sending and receiving business

Support L/C sending and receiving business, such as the need to inform the manager in advance, you can open a trade account to send and receive L/Cs on the same day with the opening of the account.

5. Friendly conditions for account opening

Most of the local banks in Hong Kong require affiliates to open accounts, 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 don't need an affiliate to open an account

If you also want to open a Hong Kong company's public account, contact our online customer service, to arrange for you to do a detailed introduction to the manager!

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02 Points for Approval of Account Opening for Corporate Accounts with Hang Seng Bank in Hong Kong

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)

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03 Hong Kong Hang Seng Bank Account Opening Fee Standard

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/payment for incoming transfers, $125/payment for outgoing transfers. You can open 3000/month unlimited transfers without transfer fee. Or 800/month has 10 times to receive transfer times

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, you can face recognition login, convenient and good practice

If you also want to open a Hong Kong company's public account, contact our online customer service, to arrange for you to do a detailed introduction to the manager!

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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 income 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 trade

✨ [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 enterprises better manage funds and reduce transaction costs

✨ [Benefit 4] Investment facilitation

Direct participation in international financial markets:After opening a Hong Kong account, enterprises can directly participate in the Hong Kong stock market, bonds and other investment products, obtaining more diversified and internationalized investment opportunities than those in the domestic market, and helping to realize 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, making wealth more diversified and more secure in terms of value preservation and appreciation.
There are many banks in Hong Kong, but not every bank is suitable for opening a public account, if you choose an inappropriate bank, the risk of being rejected is also relatively large, if you can not control which bank is beneficial to your company, do not know how to match the protection, or want to let the enterprise financial surplus to help customize the program of the bosses, you can contact our company online customer service