The following banking process is relatively simple to open a corporate account:
- HSBC – Hong Kong’s largest bank that supports quick account opening. All you need is basic information and company documents to open a business account in no time.
- United Overseas Bank (UOB) – the second largest local bank in Hong Kong. A minimum of documents is required to open an account, but it is slower to open an account.
- DBS Bank – Bank of Singapore. Focus on technology and support online account opening. It is especially friendly to newly established companies.
- Hang Seng Bank – a local bank. Provide a variety of business account options. The account opening documents are not very demanding, but the process is relatively time-consuming.
- Bank of China (Hong Kong) – a state-owned bank. It is especially friendly to Chinese companies. To open an account, only basic information and simple documents are required.
6. Citibank- Customer-centric with an emphasis on professional services. In addition to the basic documents, no additional guarantee is usually required.
Account opening documents mainly include:
– A copy of the Business Registration Certificate
– A copy of the company’s Articles of Association
– Latest Annual Return
– List of directors
– List of shareholders
– Resolution of the Board of Directors authorizing the opening of a business account
However, different banks may have different requirements, so it is recommended that you contact your bank to understand their respective account opening requirements, and then choose the right bank according to your priorities such as account type, interest rate, efficiency, etc.