How To Open Bank Account In Hongkong

[shedman]

Hello everyone, looking to open a bank account in HKK preferably with debit card and Internet access. Anyone know how to oipen one and what is needed?

Also hoping to get info on how to open small company there (as cheap as possible, eg as shell company)

Any help is really apreciated

[Lil_Jon]

Try Citibank Hongkong , www.citibank.com.hk , they have a pretty good International Account that can be opened remotely , no need to be there in person , cards , online banking all there , just the interest rate that sucks , 1.35% pa on USD accounts ,,,,

[youbet]

Try Citibank Hongkong , www.citibank.com.hk , they have a pretty good International Account that can be opened remotely , no need to be there in person , cards , online banking all there , just the interest rate that sucks , 1.35% pa on USD accounts ,,,,

Yes but they are not the USD clearer for HK strange as it might sound.

HSBC is the clearer and has better USD rates for all inbound and outbound transactions. But why limit the a/c to USD when you can have a multi ccy a/c so you can send or receive via the internet in any ccy? www.hsbc.com.hk

Any law company can open a BVI for you in HK and you maintain it from here in Thailand as you can your bank accounts.

[shedman]

Thank you guys

I think for privacy reasons it may be better to go there directly. Does anyone know what is needed to open the account? that is ID's?

[meadish_sweetball]

Typically they will require a utility bill in your name as proof of address.

[trawler]

Actually you can open a HSBC account with just your passport,called 'powervantage' and a deposit of I think either 100 or 1000 Hkg$.They have a good internet banking system and the ATM card works worldwide.You can buy/sell/stocks/gold etc all from the comfort of home.

Opening a shell company typically costs around Hkg$7500-8000 plus around hkg$3-4000 a year in accountancy fees etc etc.Try Fanny Lai as she can do all the necessary and is reliable.

cheers

Typically they will require a utility bill in your name as proof of address.

[shedman]

Actually you can open a HSBC account with just your passport,called 'powervantage' and a deposit of I think either 100 or 1000 Hkg$.They have a good internet banking system and the ATM card works worldwide.You can buy/sell/stocks/gold etc all from the comfort of home.

Opening a shell company typically costs around Hkg$7500-8000 plus around hkg$3-4000 a year in accountancy fees etc etc.Try Fanny Lai as she can do all the necessary and is reliable.

cheers

Typically they will require a utility bill in your name as proof of address.

Thank you very much for your advice everyone :-)

[chinthee]

HSBC Powervantage accounts have been recently curtailed for non residents I believe. That doesn't affect anyone with private banking there though.

[jackk]

You cannot open anymore a saving or current account if you are not a HK resident.

They will ask you for a HK ID card + proof of address (phone bill etc..). I have several accounts and HSBC is the best, specially for online account, can transfer money everywhere without any problem.

By the way, there aren't any debit cards, all banks give EPS card that you can use just like a debit card in any shop, but only in HK and not for online shopping.