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Do you need to open a commercial bank account in Hong Kong?
NOVA has proudly collaborated with HSBC to let you apply for a commercial bank account opening with ease.
Yes. A limited company act as the shareholder or director of another limited company. But each company should have at least one natural person as the company director who is 18 years old or above and holding a valid HKID or passports, regardless of their nationality.
For the incorporation, shareholder(s), director(s), authorize signer(s) and significant controller(s) are required to provided their identification documents and address proof and documents can be vertificy by professional through video conference.
For the bank opening, some banks provide video conference call to vertify the identity of shareholder(s), director(s), authorize signer(s) and significant controller(s) for some major Chinese cities. For other cities out of China, the individual may need to come to HK for the account opening.
Before setting up a company bank account, be sure to register and incorporate your business as those documents will be required to support your bank account application. You will be advised by your bank on what other documents are needed.
When opening an account, keep in mind that Hong Kong banks usually require a minimum deposit. Your bank may also request the identity and residence information of all the company’s beneficial owners due to Hong Kong’s anti-money laundering guidelines.
Yes. All information of a limited company registered in Hong Kong, including names, addresses and shareholding percentage of shareholders; and names, ID card numbers or passport numbers and addresses of directors, shall be accessible by the public.
The Hong Kong Companies Ordinance has no restriction on the nationality of shareholder/director. Hong Kong, Chinese or overseas residents who are 18 years old or above and holding passports or ID cards can become shareholders or directors of Hong Kong limited company.
A limited company shall have at least one shareholder and director, which can be the same person. But they are different in comparison in the following rights and obligations