When you establish your own business, a business bank account becomes the most important window between you and your business partners. Under the tightening of Hong Kong regulations, some merchants may hit the nail when opening a business bank account due to the stricter bank scrutiny . StartupCow provides bank referral service and company account appointment services. We help customers find the right bank based on the business nature of each client to increase the chance of successfully opening a company account.
StartupCow understands clients’ account opening needs, including bank services that the companies may need for their business. An account opening interview would be arranged at customer's available timeslot with the appropriate bank.
StartupCow assists clients to prepare basic information to the bank. Shareholders and directors only need to bring the required documents to the bank to meet with the client manager at the time of the appointment interview so that the bank can understand the company's business overview.
After the interview, the bank will process the customer's application for opening an account. If all required information is complete, the business bank account can be successfully opened within two to four weeks.
Setting up a Hong Kong company requires a commercial address. However renting a Hong Kong office has been well-known for its expensive price.
StartupCow can contact customers through online communication tools or telephone to arrange bank account opening matters, but most banks will still require all company shareholders and directors to attend the interview with bank staff at the same time as the basic requirement for opening a bank account.
The required documents vary from bank to bank, and the basic documents include company registration certificate, business registration certificate, Memorandum & Articles of Association, corporate Incorporation Form or Annual Return, Identification documents of shareholders and directors, proof of address, etc. In addition, banks will also request more business-related documents to prove the company's actual operation.
The time required varies by individual bank. Some banks can successfully open a bank account within the fastest 1-2 weeks, and some banks require 4-6 weeks.
The services provided by banks may be different. If customers need specific services, such as faster payment system (FPS), foreign currency accounts, etc., you can inform us in advance so that we can pick the most suitable bank for you.