There’s 3 methods to tackle the challenge for opening a HK Corporate Bank for Offshore Companies.
Method 1: Setting Up an HK Corporate Bank for Offshore Companies
To establish a HK Corporate Bank for Offshore Companies, our partnership local banks in Hong Kong require the following:
- A minimum daily balance of USD 13,000.
- Assets Under Management (AUM) of USD 400,000.
- A Certificate of Insurance for the offshore company with a minimum validity of 6 months.
- Invoices and contracts for the offshore company’s business activities for the past 3 months.
- Bank account statements from the current overseas bank of the offshore company (in English) for the past 3 months.
The setup lead time, provided all documents are in order, can take as little as 12 weeks. For more information, please contact us at info@familyofficehk.net.
Method 2:
We can assist you in establishing an entity to facilitate the opening of a corporate bank account in Hong Kong. For more information, please contact us at info@familyofficehk.net.
Our service scope includes:
- Arranging a declaration of trust so that you maintain full control over the ownership and execution of your company.
- Setting up the entity required by the bank to open the corporate bank account in Hong Kong.
These services start from USD 1,300 and can take as little as 2 months to set up, depending on the timely provision of all required documentation. You will need to visit Hong Kong in person once to sign the bank opening paperwork. Don’t worry; you will only be required to visit Hong Kong when the bank verbally confirms that your company meets their internal requirements and a corporate bank account will be opened for you.
Method 3:
Setting up a virtual bank. For more information, please contact us at info@familyofficehk.net. Our service scope includes:
- Setting up a virtual bank for High Net Worth Individuals (HNWIs).
- Establishing a trust.
A customized solution will be provided depending on HNWI requirements. Please get in touch to discuss further at info@familyofficehk.net.
