After a company has been set up in hongkong, Tannet provides services like bank account opening and follow-ups. Bank account in hongkong can be divided into two kinds: local bank account and offshore bank account.
 

1 what is the local bank account & offshore bank account
local account means that Hongkong enterprise opens a bank account in Hongkong local bank while the offshore account means that Hongkong enterprise opens a bank account outside HONG KONG such as SHENZHEN, SHANGHAI and USA.

2 How many types of bank account
The bank account usually includes Hongkong dollars savings account, foreign currency savings account including all the exchangeable currencies and Hongkong current account. All these three accounts can receive all incomings by TT and L/C, but the L/C account is required if you want to open L/C.

3 who will sign the bank documents for the first time and later on
To open a bank account for the first time, the bank usually demands that 2/3 of directors and the shareholders whose shares are more than 9% go to the bank and sign the documents personally if he or she is qualified to do so. As for later signature and responsibility, you can enjoy a feasible arrangement.

4 what kind of documents are required
1)Certificate of Incorporation；
2)Business Registration License；
3)One set of Memorandum and Articles of Association M&A；
4)Signature Chop；
5)One set of Certified True Copy for all set up documents issued by C.P.A；
6)Provide Identity card, passport or the Homeland Travel Pass of the director, and business card；
7)All directors, shareholders and bank authorized signatories need to provide address proof, e.g. original water / telephone bill, bank statement issued within 3 months. If any address proof is neither in English nor Chinese, you are required to have a local lawyer to translate it into English and certify its English version；
8) Business proof documents & Business plan not required by all the banks ；
9)The cash deposit into the new account $5,000.00-$10,000.00；
10) All directors, shareholders and bank authorized signatories need come to hongkong to sign the bank documents, so that the bank manager can witness their signatures and verify their passport copies.
 
5 how much is the charge & service
1) to open a HK local account it costs HKD1,800.00 ;
2) to open a China offshore account it costs HKD1,800.00 ;
3）to open a BVI / SAMOA offshore account in HSBC it costs HKD2,800.00 ;
4) to open a BVI / SAMOA offshore account except HSBC it costs HKD3,800.00 ;
5) to open a overseas offshore account , the service fee is negotiable.
 
6 what can we do for you
Service includes : recommending bank opening； arranging bank opening to send letter of indication of signature testimony to office of the hinterland；  preparing documents signed by accountant, minutes and opening application. All these can be done by our professionals.
 
7 How Long does it take to finish a bank account opening
First,it takes about one hour to sign the bank documents. Then, the bank will deal with the application after receiving all the needed documents. However, the customers can make pre-deposit before the formal account can be used since it needs a bank checking. Usually,The bank checking takes about two weeks .But the exact time is vary from one to another.
 
8 what else do you need to acquaint with
1. when the account is not used for a month, it will be cancelled
2. keep the statements. After opening the account, the bank will send the bank statement monthly. please keep them for the later user.