Many foreign trade companies, cross-border e-commerce business owners to register a Hong Kong company is to open a Hong Kong public account to receive payments, recently received a lot of private letters from the boss said that Hong Kong company account opening is very difficult to find another company on behalf of the opening of a month or two has been rejected, very much affecting the progress of doing business, that in fact, Hong Kong company account opening is very simple! As long as you choose the right bank, it is simple.

Those who say it is difficult to open an account for a Hong Kong company either don't have a channel or won't be able to match the right account opening bank.Today, Enterprise Caiying editorial to give you a detailed explanation of the Hong Kong company account how to choose according to their own actual situation, the bosses can be the right number to the seat~

Of course, the bank's policy changes in real time, the specific account opening requirements will also change, after reading or do not know how to choose then you can directly add our customer service(Micro-signal: jxhAna888)We will arrange a business manager to talk to you one-on-one in detail and match you with the right account opening bank!

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The reason why Hong Kong companies need to be associated with mainland companies when opening an account:

Firstly, it is difficult for newly registered Hong Kong companies to provide sufficient business proof, while the business information of the Mainland affiliates can prove the business mode and authenticity of the Hong Kong company; secondly, the association of Mainland enterprises can enhance the trust of the bank and improve the success rate of account opening; thirdly, the financial information of the Mainland affiliates can help the bank to assess the financial status and repayment ability of the Hong Kong company; fourthly, it is convenient for the bank to carry out compliance management and risk control, and meet the regulatory requirements of anti-money laundering, etc. to ensure that the company's business compliance. Fourthly, it facilitates compliance management and risk control by the bank to meet anti-money laundering and other regulatory requirements, prevent account abuse and fraudulent behavior, and ensure compliance of the company's business.
First: first see if the Hong Kong company has domestic affiliates?
1. With domestic affiliates, the optional banks areHSBC single account, HSBC 1+1 account, HSBC NRA (e-account), DBS, BEA, OCBC.
2. Domestic affiliates that do not have, optional local brick and mortar banks:Dah Sing Bank (Hong Kong), Hong Kong Construction Bank (Asia), Bank of East Asia (Hong Kong), Bank of Communications (Hong Kong)
Second: Does the domestic or Hong Kong company have a purchase/sales contract and corresponding invoice?There are two scenarios:1. There are domestic affiliates:

• Purchase contracts/sales contracts and corresponding invoices are available, with an annual turnover of more than 3 million dollars:

selectableHSBC, Hong Kong; Bank of East Asia, Hong Kong; DBS Bank, Hong Kong; and OCBC Bank, Hong Kong.

• No invoices corresponding to purchase contracts/sales contracts

selectableDah Sing Bank, Hong Kong; Hong Kong Construction Bank (Asia); Bank of East Asia, Hong Kong; Bank of Communications, Hong Kong.
2. No domestic affiliates, with Hong Kong purchase and sales contracts and invoicesThis time also depends on the shareholders of the Hong Kong company:

• A Hong Kong company has 2 or more shareholders:

selectableDah Sing Bank, Hong Kong; Bank of East Asia, Hong Kong; Hong Kong Construction Bank (Asia)

• Hong Kong company with 1 shareholder proposed

①open offshore e-banking (MilesHub, PanPay, Fortune Harbour, HSBC NRA account) ②purchase wealth management and insurance, open Bank of Communications ③Construction, East Asia, (but the account opening cycle of half a year, very long)
Hong Kong company bank account opening options are too many, I just list a few of the more common cases here, each company's situation is different, can open down the Hong Kong bank account is also different.
If your Hong Kong company also want to open the public account, welcome to sweep the code to add our online customer service (micro letter: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!