How To Open A Bank Account In HSBC Bank (HK) PLC

GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / HSBC Bank (HK) PLC

How to open a bank account in HSBC Bank (HK) PLC GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

August, 2001

Last contact

January, 2026

Last update

June, 2024

• opens current accounts;
• opens accounts for foreign trading companies;
• the requirements of the bank to the documents provided, the types of activities of the company are quite standard and do not cause additional difficulties, although they are more likely to be “strict” than liberal;
• the term for opening an account – case by case (check with the consultant);
• Internet banking is friendly and does not cause any difficulties at all;
• in general, everything related to day-to-day standard operations is excellent in the bank. But when solving non-standard issues, certain difficulties may arise associated with the need to find an employee who has a desire to delve into the problem and sufficient authority

GSL rating Beginning of cooperation August, 2001 Last contact January, 2026 Last update June, 2024 Your Consultant Поиск консультанта...

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+44 0 207 822 85 93

General information and rating

41 Global rating 1 Countrywide rating — Countrywide rating of the head bank — Global rating of the head bank Year of foundation 1865 History The HSBC (The Hong Kong and Shanghai Banking Corporation) Group was established in 1865 and is headquartered in London. The HSBC Group services more than 128 million clients with 10 000 offices located in 83 countries in Europe, Pacific Region, North and South America, in the Middle East and Africa. With USD 2,354 billion of assets as at 31 December 2007, the HSBC Group is one of the world’s largest organizations providing banking and financial services. HSBC is marketed worldwide as 'the world's local bank’ Personnel The staff speaks English and Chinese Bank’s shareholders HSBC Asia Holdings BV (Amsterdam Netherlands) - 100% Confidentiality Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed Compare banks Add to compare this bank

Minimum requirements

— Minimum balance, € — Transactions permitted per month 1 000 Initial deposit of funds, € No restrictions Deadline for the initial deposit, month Initial deposit of funds, € The initial deposit is EUR 1 000 Deadline for the initial deposit, month There is no deadline for making the initial deposit Minimum turnover, €/year The Bank prefers turnovers from USD 1 000 000 per year How fast payments are executed Through internet – instantly; by telephone and fax – within 3 banking days Order a consultation

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Tariffs and services

10 Outcoming transfer, € 0 Incoming transfer, € 180 Account maintenance, €/year N/A Payment limit for credit cards, €/day Outcoming transfer, € Transfer fee (depending on the tariff plan): from HKD 0 to HKD 75 Incoming transfer, € The Bank does not charge a fee for crediting Account maintenance, €/year Monthly account maintenance fee (depending on the tariff plan): from HKD 0 to HKD 150 Distant access to the account Phone, fax, Internet. Internet-banking fee is HKD 200. HSBC.net advanced provides for the use of a standard internet bank. Service cost - HKD 1 000 per month (USD 130). During the interview for opening an account, a manager comes with a special laptop, registers the client, and in case of opening an account, the client gets the opportunity to use the Internet bank Financial products The bank provides a wide range of banking and financial services, including loans, insurance, stock market, deposits, bonds Credit/debit cards Business Card, Corporate Card, Purchasing Card Hold mail Provision of bank recommendations - HKD 300

Account opening procedure

Days to open for incoming transfers Case by case Days to open for outcoming transfers Case by case References Not necessary Purpose of the account Current Visit to the bank Visiting the Bank is required Required 1. Original or certified copy of Business Registration Certificate;

2. Original or certified copy of Certificate of Incorporation;

3. Original or certified copies of Forms D1, D2A, D2B, AR1 (annual return), and SC1 (return of allotted shares);

4. Original or certified copy of Memorandum & Articles of Association;

5. Organizational chart is required if one of the major shareholders holding at least 10% of the voting shares is a legal entity. The chart must show the legal connection between the ultimate beneficial owner (an individual) and shareholders (legal entities);

6. Identification document and proof of address for at least two 2 directors (or 1 director if the company has a sole director), shareholders (holding at least 10% of the voting shares), bank signatories, and beneficial owners;

7. Business description (business plan) Types of accounts Current Opening procedure and Due Diligence it is possible to open an account without visiting a professional introducer Chances to open an account Predictable Business description The business description (business plan) needs to contain:

• business carried on by the company;

• why a Hong Kong account is required;

• how the company is managed and financed;

• country where the main business of the company is carried on;

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Banks of Hong Kong

Bank The cost of opening an account, $ Global rating Countrywide rating GSL rating China Construction Bank (Asia) 3 500 2 9 Bank of China Hong Kong Limited 3 500 N/A N/A ICICI bank Hong Kong branch 3 500 N/A N/A OCBC Bank (Hong Kong) Limited 3 500 592 8 Wing Lung Bank / 永隆銀行 3 500 695 12 HSBC Bank (HK) PLC 3 500 41 1 Standard Chartered Bank (HK) LTD 3 500 188 4 Need a consultation from a specialist? Provide your details, and our specialist will call you shortly to discuss your case I agree to the processing of my personal data in accordance with the terms of our privacy policy Share on social media:

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• Registration of foreign companies, opening accounts abroad
• International tax planning, taxes abroad
• KIK, 3-NDFL, Reporting, Accounting and Audit in the Russian Federation
• Legal services in the Russian Federation, Russian Law
• Residence permit, Relocation, Foreign citizenship, Real estate abroad