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China bank account opening in China Merchant Bank, ICBC, SPD, etc
Opening China bank account in China Merchant Bank, ICBC, SPD, etc We provide service for assisting for Hong Kong bank account opening, service includes introduce account opening bank (you can choose HSBC, Hang Seng and Standard Chartered), Company documents, verified signature documents, CPA documents for account opening, Local government authorized lawyer verified documents (for oversea company only), company registration agency verified documents (for oversea company only), account opening application form, arrange sponsor to assist for the account opening, document courier and transportation cost.
 
We can provide account opening for the following banks:
Capital can be transferred freely without foreign exchange restriction
   
HSBC: Hong Kong bank account, Shanghai bank account (can instruct account activities in Hong Kong, China and oversea)
   
Standard Chartered: Hong Kong bank account, Shenzhen bank account (can instruct account activities in Hong Kong, Shanghai and oversea)
   
Hang Seng: Hong Kong bank account, Shanghai bank account (can instruct account activities in Hong Kong, China and oversea)
   
ABN AMRO: Hong Kong bank account, Shanghai bank account (can instruct account activities in Hong Kong, China and oversea)
   
UBS: Hong Kong bank account, Singapore bank account, Switzerland bank account
   
Deutsche: Shanghai bank account (can instruct bank activities in Hong Kong, China and oversea)
   
BEA: Shanghai bank account (can instruct bank activities in Hong Kong, China and oversea)
   
Advantages for opening Hong Kong bank account
a. Capital can transfer freely: Client’s offshore bank account is an oversea bank account, so capital can transfer without foreign exchange control. There is no restriction for international capital transfer, including transfer profit or dividend to homeland.
b. No restriction for interest rate and saving type: local government does not monitor saving interest rate and type. Offshore bank account can gain better interest rate and fewer restrictions. Especially for those big amount money sever, banks can set a trailer-made saving plan, including inter rate, saving period.
c. No interest tax: China government has not set any tax against the interest earn in offshore bank account, so the overall profit is more attractive.
d. Increase the overall onshore and offshore capital management: Hong Kong bank can provide onshore and offshore bank account service, and reduce the bank account management cost and fasten oversea capital transfer, increase the capital management efficiency.
e. No geographical limitation for account instruction: you can use Internet banking and telephone bank to manage your account oversea.
f. Financing service for trading: How to use Hong Kong bank account for financing in Hong Kong, Please chick here.
g. International payment: Please click here. (Adobe Reader is required for opening this document, if you do not have the software please click here.)
 
How to open a bank account
The normal situation for opening onshore or offshore bank account in Hong Kong:
1. All directors have to come to Hong Kong for bank account opening issue: Hong Kong bank normally request company directors to come to Hong Kong personally. If client is China resident, they need to show their visa allowing them to come to Hong Kong.
For incorporate offshore bank account (Hong Kong bank, account location in Shenzhen, this offshore account is same as an oversea account and not restricted by foreign exchange control), you can open it in Shenzhen or Shanghai. If the authorized signatures or company directors is China ID holder, a China ID card is good enough for bank account opening.
2. Bank account opening if director cannot come to Hong Kong: Some directors maybe too busy for coming to Hong Kong for opening bank account issue, so some Hong Kong bank can arrange those directors to sign documents in their China branch (China verified signature service), then the China branch will post those documents back to Hong Kong for further process for account opening.
3. For opening offshore bank account in China (Hong Kong bank, account location in Shenzhen, this account is same as oversea account, capital can transfer freely in the account without monitor by the foreign exchange). If directors do no have China passport or visa to come to Hong Kong, an offshore bank account may help you. As long as the authorized signature and the directors have China ID card, they can open the bank account. For detail of required documents, please read point 4.
4. Required document for bank account opening: Directors’ Identity documents (ID card or passport) original copy, original copy of Business Registration, original copy of Certificate of Incorporation, original copy of company memorial, company chop, original copy of directors meeting minutes, cash to deposit in new account, other company documents, verified signature documents, Hong Kong CPA documents for opening bank account, Local government authorized lawyer verified documents (for oversea company only), company registration agency verified documents (for oversea company only), bank account application form.
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