Both Hong Kong registered and offshore companies (including BVI, Seychelles, Panama) etc. can open a corporate bank account in Hong Kong, although requirements may vary. For instance, overseas companies will be required in most cases to provide a certificate of incumbency or a certificate of good standing, while this is not required for Hong Kong companies. In most cases banks will require the incorporation documents to be certified by a Hong Kong CPA.

When selecting a bank in Hong Kong, the following factors should be taken into account:

-Online banking: If you operate offshore, offshore banking is an absolute necessity. Make sure to select a bank that has stong internet banking facilities.

-Multi-currency support: does the bank offer multi-currency accounts (USD, Euros etc.). Most banks have both Hong Kong dollars only and multi-currency accounts.

-Service fees (monthly charges, fees for receiving and sending out T/T, currency exchange fees etc.)

-Bank reputation

-General support level

-China/International network

-Value added services: ATM card with worldwide withdrawal support, trade account options (for L/C transactions) etc.

We recommend HSBC and Standard Chartered to open a company bank account in Hong Kong. Feel free to contact us if you require our assistance to set up a bank account for your company in Hong Kong.