BANK ACCOUNT OPENING SERVICE

Bank Account Opening Service in HK

As one of financial centers in the world, Hong Kong has very effective and sufficient infrastructure for doing business and making investment. Hong Kong has worldwide reputable banking facilities and infrastructure which allows no restriction money flow, thus getting bank accounts in Hong Kong are necessary.

Due to global anti money laundry involved, many banks become more strict on selecting their clients, thus engaging a consultant to assist in opening bank account is very common now.

BANK ACCOUNT OPENING SERVICE

Prism has been establishing strong business relationship with Hong Kong’s international banks, such as HSBC, DBS, Bank of China, OCBC, Standard Chartered bank, Citibank, etc. We can assist our clients in making appointments with banks and in preparing relevant documents needed.

Prism roles include but not limited to the following:

  • Provide professional advice on writing business plan for bank account opening

  • Advise the best strategy to obtain the bank account

  • Provide tailor-made document checklist

  • Review all the documents to ensure they are all good

  • Submit the application and documents to the bank

  • Follow up with the bank of the status from time to time

  • Reply on behalf of the client for any further enquiry from the bank

  • Obtain approval of the bank account for the client

OPENING A BANK ACCOUNT PROCEDURES

  • Submit an application and all necessary documents to bank for due diligence

  • Reply to bank enquiry or further request

  • Approval on due diligence by bank compliance department

  • Schedule an appointment for meeting bank officer and obtain authorized signatures

  • Approval for the bank account opening

  • Assign a bank account number to the company

  • Deliver all necessary information and passwords for online banking

  • Activate online banking password and first time online banking registration service

ADVANTAGES OF OPENING BANK ACCOUNTS IN HONG KONG

  1. No restriction on foreign exchange remittance and on transfer of funds

  2. Convenience in settlement of international trades

  3. No restriction on conversion of currencies

  4. Convenient daily account operation and security online bank transactions

  5. Convenience in getting trade financing from international banks