HK Company Account Opening

With the deepening of global economic integration, more and more companies and individuals choose to register companies in Hong Kong and open bank accounts to facilitate international business operations. As the financial center of Asia, Hong Kong has a mature banking system and considerate services, providing investors with a convenient fund management and trading environment. Detailed information on opening a Hong Kong company bank account through NEO agent, including the required fees and account opening process.

The importance of opening a Hong Kong company bank account

For companies operating in Hong Kong or wishing to conduct international trade through Hong Kong, it is essential to have a local bank account. It not only provides convenient fund management solutions, but also facilitates companies to make cross-border payments, receive foreign exchange and other operations. In addition, Hong Kong bank accounts generally enjoy a high standard of privacy protection, which provides additional security for companies.

The cost of opening a Hong Kong company account

The cost of opening a company bank account in Hong Kong mainly includes two parts: department-related fees and service fees.

1. Department-related fees

Registry incorporation fee (HK$1,545 in electronic form, HK$1,720 in printed form).

Business registration certificate fee from the Inland Revenue Department (depending on the policy of the year, currently about HK$250 to HK$2,250).

2. Secretary service fee

The service fees charged by different secretary companies will vary, but the general price range in the market is about HK$2,500 to HK$3,500, covering basic services such as legal secretary and registered address.

3. Bank account opening fee

Account opening fee: The charging standards of each bank are different, ranging from HK$1,200 to HK$10,000.

Witness fee/registration fee: Some banks may also charge witness fees or registration fees. The specific amount needs to be consulted with the corresponding bank.

Minimum deposit requirement to maintain the account: Most banks will have a certain minimum deposit requirement to maintain the validity of the account, which ranges from a few thousand Hong Kong dollars to tens of thousands of Hong Kong dollars.

Hong Kong Company Account Opening Process

Working with NEO to open a Hong Kong company bank account, you can enjoy a simplified and efficient account opening process:

1. Choose the right bank: Choose a bank with good reputation and quality services according to your business needs and preferences. For example, HSBC, Standard Chartered Bank, OCBC Wing Hang Bank, etc. are all good choices.

2. Prepare the required documents: The documents usually required include but are not limited to the company registration certificate, company articles of association, directors and shareholders’ identification, address proof, business plan, etc.

3. Submit application and interview: Submit an account opening application to the selected bank and make an appointment for an interview. During the interview, the bank may ask some specific questions about your business.

4. Wait for the review result: The bank will conduct a strict review of all submitted materials, and this process may take several weeks.

5. Activate the account: Once the review is passed, the bank will notify you that the account has been successfully opened and guide you on how to activate the account to start using it.

Why choose NEO?

With years of accumulated experience and expertise, NEO is committed to providing customers with the best services:

Professional team support: Our team is familiar with Hong Kong banking rules and can effectively guide customers through the account opening process.

One-stop service experience: From company registration to bank account opening, we provide a full range of one-stop services to help customers save time and energy.

Transparent and reasonable charges: We promise to open and transparent pricing strategies to ensure that customers understand the details of each fee.

Continuous follow-up services: Even after the account is opened, we also provide follow-up support services such as annual review, account maintenance, etc.

In short, with the help of NEO, you can open a corporate bank account in Hong Kong more smoothly, so as to better conduct international business. If you have any questions about Hong Kong company account opening or want to know more details, please feel free to contact our professional consultant team.