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Hong Kong Bank
Account Opening

 Join 3000+ Satisfied Customers

  • Experts with 16+ years of experience
  • One-Stop Service for an Offshore Bank Account in Hong Hong
  • 100% Online Processing

Tailored Service for Saving Budget 

 

With an understanding of each customer's exact requirements,
Hongda is able to craft and present customized solutions that are designed specifically for each individual.

Whether you're a large-scale business or a small startup

Tailored Service Package for Saving Budget can help you get the most bang for your buck and ensure that all of your needs are met.

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OUR PROMISES

Everything You Need To Do

01.

Consultation & Proposal

We (can) advise you on the best solution for your business model and send you our comprehensive proposal.

02.

Signing & Payment

After reviewing the proposal, we sign the service contract and receive your payment.

03.

Preparing Documents

We send you an application form as well as the list of documents we need from your side.

04.

Take a Break

Sit back, relax and let us take care of everything from here on out.

 

Different Types of Bank Accounts in China

  • Non-Resident Account - A foreign exchange account for overseas business opening in domestic banks in accordance with regulations.
  • Offshore Account - Freely transfer funds from an offshore account without being subject to foreign exchange controls in your home country.
  • Free Trade Non-Resident Account - A free trade account that can only be opened by overseas companies in the free trade zone.
  • Capital Account - An account for foreign-funded enterprises to deposit currency contributions as a means for the State of China to regulate the investments and the approval of the Administration of Foreign Exchange.
  • General Deposit Account - A foreign currency bank settlement account that does not include withdrawal and is restricted to foreign currency remittance only.
  • Virtual Account - Virtual bank accounts are non-physical/ online accounts set up quickly and conveniently with just a few basic pieces of information like a customer's name, email address, and mobile number.

See the below tables for a comparison of the requirements for an offshore company and a Mainland China company:

 

 

Opening a Bank Account in China as an Offshore Company

❗No need to attend in person, Hongda will support the account opening process on behalf of the applicant.

Account Type Features Available Banks Requirements Remote Application
Non-Resident Account Access to foreign currency exchange without restriction Standard Chartered Shareholder or chairman of the board of the offshore company should have an active domestic Chinese company under their name One of our employees will open the bank account for you
Offshore Account Access to foreign currency exchange without restriction (recorded) CB International Bank LLC Fulfilled the basic requirements of the offshore company Open a bank account via online video chat
Free Trade Non-Resident Account Access to foreign currency exchange without restriction (Recorded with RMB settlement) China Everbright Bank Co.,ltd./Shanghai Pudong Development Bank Co.,Ltd. (FTN or FTA account) Shareholder or chairman of the board of the offshore company should have an active domestic Chinese company under their name Open a bank account via online video chat

 

 img-icon-man-file  Required Company Documents:

  • Certificate of incorporation
  • Corporation by-laws
  • Business contract (at least with two purchase contracts and two sales contracts)

 

 

Opening a Bank Account in China as a Mainland China Company

Account Type Features Available Banks Requirements Remote Application
Basic deposit account Settlement, withdrawal Most banks (Industrial and Commercial Bank of China Limited/Bank of China Limited/Bank of Communications Co., Ltd) Fulfilled the basic requirements of the domestic Chinese company Open a bank account via online video chat
Capital account Capital remitted only Most banks Fulfilled the basic requirements of the domestic Chinese company Open a bank account via online video chat
Foreign currency bank settlement account (general deposit account) No withdrawal, foreign currency remittance only Most banks Fulfilled the basic requirements of the domestic Chinese company Open a bank account via online video chat

 

img-icon-man-file  Required Company Documents:

  • Original copy of the company's business license
  • Official seal/Finance chop/Seal of Legal representative
  • Original copy of the legal representative's identity card
  • Original copy of the identity card of the USBKey owner
  • Original copy of the proof of registered address


FAQS

How do I set up a company in Shenzhen or the PRD?

Prepare the shareholder certificate, letter of good standing from the bank. Find an office in China. Make the application (of course better find a professional agent in China to help you).

Do I need to have a foreign company to start a company in China?

No, you could also use your personal name to start the company in China.

What are the drawbacks of a WFOE / rep office / JV?

Rep.Office:High tax, could not hire Chinese employees directly.

WFOE/JV: Slow registration time.

The benefit of all is that if you aim to run a business in China, any will allow you to do so. 

Do I need to personally go to China to set up the company?

No, you dont. Hongda Business Services
can help you to do this while you are abroad.

Do I need an actual office space to register a WFOE / rep office / JV?

Luckily now, you dont. Hongda Business Services can provide the office address for registration. 

Which documentation do I need for a WFOE / Rep Office / JV?

Oversea investor's certificate, bank reference letter and office in China are the key documents for each company type. 

WHAT CLIENTS ARE SAYING

Sound United

Jack Peng
Sound United Vice President > Asia Pacific


Sound United la leading desianer and manufacturer of consumer audio products in the us) has been usina Honada Business Services since2013 Moving one's operations to China is not a small task, but Hongda's expertservices helped us set up a company and deal with tax issues so we could get on with qrowing our business inno time at a!l, and that's whywe continue to use them today.
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Travis Perkins

David Finch BA ACMA CMIIA CAMA

Travis Perkins PLC Director of Group Business Risk & Assurance


Travis Perkins PLC (a leading builders merchant in the UK) has been using Hongda Business Services since 2008 for accounting and professional services. Throughout this time, we have found the team at Hongda to be very helpful and professional in their dealings with us. We look forward to working with the company in the future.

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Tulip Pacific Ltd.

Erik de Waard

Tulip Pacific Ltd. > Director

Tulip Pacific Ltd. (Business planning and interim financial management services) has been using Hongda Business Services since 2012. Hongda has helped us set up legal entities in China/HK and takes care of our annual company audits. They are the most efficient business service provider I have worked with to-date, and their professional advice has helped me better advise my own clients and provide greater value to my overall business.

Business service Guid

Hongda Business Services helps foreign businesses looking to establish in the PRD (Pearl River Delta, Guangdong), Shanghai and Hong Kong take advantage of everything that China has to offer. We typically work with companies in Shenzhen, Guangzhou, Zhuhai, Zhongshan, Shanghai, and Hong Kong.
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GET IN TOUCH WITH OUR TEAM

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Please let our China business service experts know your questions and requirements by filling out the form below. We will get back to you as soon as possible.
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