Skip to main content

Open Hong Kong Business Bank Account in Hang Seng Bank (HK)

How to open the Hong Kong business account after Hong Kong company incorporation? Business China will introduce the Hang Seng Bank for you here.

As the second largest listed bank in Hong Kong, Hang Seng Bank is established in the year of 1933. Hang Seng capital is a commercial bank focused on Hong Kong and mainland China. The main businesses include personal finance, commercial banks, business and financial institutions, financial services, and private banking services.

Open Hong Kong Business Bank Account in Hang Seng Bank (HK)

Hang Seng bank is also responsible for calculating the Hong Kong stock market reference index: Hang Seng index. Hang Seng bank is one of the 30 stocks in the hang seng index, an important indicator of Hong Kong's stock market. In addition, the shares of hang seng bank in Hong Kong are listed and traded on the London stock exchange and provide investors with a first-level sponsorship of the American depository plan in the United States.

Required Documents of Business Account Opening
Open Hong Kong Business Bank Account in Hang Seng Bank (HK)

  • Valid Business Registration Certificate
  • Business Address Proof (if different from Business Registration Certificate)
  • Identification Documents / Nationality Proofs & Residential Address and Permanent Residential Address Proofs (if different from Residential Address) of Sole Proprietor/ Partner, Authorised Signers, Key Controllers and Direct Appointees.
  • Identification Documents / Nationality Proofs required from Users (Phone Banking Users/ Primary Users of Business e-Banking/ Hang Seng Cardholders/ Authorised Commercial Card Users)
  • Company Chop (if applicable)
  • Initial Deposit of HKD20,000
  • Acceptable Business Proofs include but not limited to: Confirmed order/Sales Contract/Invoice/Packing List/Documentary Credit/Lease of Office/Provisional Sales and Purchase Agreement (for Property Holding Company)
  • Product or Service Information, such as: Applicant’s Website/Applicant’s Leaflet / Brochure
  • Information on counterparties (Suppliers, Buyers, Customers), including related countries and their Products or Services, such as: Counterparties’ Website/Counterparties’ Leaflet / Brochure
  • Latest Financial Information of the applicant, such as: Latest Audited Report/Latest Three Months Bank Statements
  • Documents to show relevant experiences of Directors, Authorised Signatories, Beneficial Owners and Key Controllers, such as: Relevant Employment Letter/Relevant Certificate/Relevant License
  • For Newly Established Company, the below Documents are also considerably acceptable: Latest Financial Information / Source of Wealth of the Beneficial Owners#, such as Tax Demand Note, Bank Statement of Personal Account /Agreement or communication with potential Buyer or Supplier






Comments

Popular posts from this blog

How to Navigate China's Accounting and Bookkeeping

Based on PRC Company Law and PRC Accounting Law, each foreign-invested company, such as China Wholly Foreign Owned Enterprise (China WFOE or China WOFE), Joint Venture (JV), Representative Office (RO or Rep Office) all required to do China company’s accounting and bookkeeping on time. When to Apply for Tax Registration for trading companies in china ? Please note it that although China company’s business license, local tax certificate and national tax certificate have been combined into one. China companies should apply for tax registration within one month after the issue of the business license. When to Apply for General VAT Taxpayer or Small-scale VAT Taxpayer? Chinese enterprises shall apply for the general vat taxpayer or small-scale vat taxpayer application within one month from the date of applying for the tax registration. When to Start Filling Taxes? In the month of tax registration and taxpayer application. When to Do Company Annual Renew? Chinese companies should ta...

China Company Formation: Choosing Correct Business Scope for Your China Company

What is Business Scope? ​Business scope is an indispensable part of China company formation , which is not the same for western countries in most cases. Business Scope is the scope of business products and services you can engage in. It is a legal boundary for the enterprise to conduct business inside China legally. Once the scope of business is approved and registered, the enterprise shall have the right capacity within this scope, and the enterprise shall also assume the obligation of not exceeding the scope of operation. To sum up, the approved business scope of the enterprise is the legal limit to distinguish the lawful operation and illegal operation of the enterprise. The Significance of Business Scope It is unfamiliar for many foreign investors that the business scope of your China company is closely related to invoices issue. In other words, the enterprises can only apply for the invoices under the specific business scope content. That is why to having a business p...

Free Trade Zones

Here's information about the free trade zones, and you're welcome to contatc us if you have any doubts. EMAIL proposal@set-up-company.com TELEPHONE +86-020-2917 9715 Guangzhou Free Trade Zone A free-trade zone (FTZ) is a specific class of special economic zone. It is a geographic area where goods may be landed, stored, handled, manufactured, or reconfigured, and re-exported under specific customs regulation and generally not subject to customs duty.  Taking advantage of the Mainland-Hong Kong Closer Economic Partnership Arrangement (CEPA) to drive the liberalization of trade in services, the Guangdong park aims to integrate the economies of the Pearl River Delta (Guangdong, Hong Kong and Macau). Shanghai Free Trade Zone Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. When the Shanghai Free Trade Zone (FTZ) was first introduced in 2013, it ...