Updated on December 2016
Hong Kong bank introduction services are integrated in our packages prices, so if we do register your company with us you don’t have to consult this page.
As a matter of fact most of our competitors are doing a bad job regarding the bank account opening process in Hong Kong, they just give a short list of documents to be presented and organize a bank meeting.
Under such circumstances a lot of clients are rejected by banks in Hong Kong and find themselves with a useless company, if they have the bad idea to restart the process with another bank without professional support and have again
their Hong Kong bank account denied they will face a very difficult situation.
There is only few banks in Hong Kong accepting non-resident bank account opening, once you are rejected you can’t re-apply to the same bank.
Often the termination of a bank account is linked to the company jurisdiction, in Hong Kong all the bank account which were opened with a BVI are getting terminated , as there is many BVI’s accounts in Hong Kong this will take long but the process started one year ago.
When a Hong Kong bank account is terminated the bank will usually give the company few weeks only to withdraw the funds deposited and if you don’t do it on time they will close your account and send to the beneficial owner a bank cheque at the company name, so you better react very fast!
We spend nine hours to prepare your compliance file with all the explanations for the banks.
This work is included in our prices and when you find cheap provider of company formation in Hong Kong they obviously can’t offer the same services.
We accept existing company and clients whom have be rejected by a bank or have their account terminated, we are
the only company to do this so when your company have existing contracts we can solve the situation.