Service

After the Hong Kong company is registered, the next job is to open a bank account. The Hong Kong government does not require companies to open a bank account. The company can decide whether to open a bank account according to its actual situation.

Hong Kong local account and offshore account:

A local account refers to a bank account opened by a Hong Kong enterprise in a local bank in Hong Kong; an offshore account refers to an account opened by a Hong Kong enterprise in a bank outside Hong Kong, for example, a Hong Kong company in Shenzhen, Shanghai, Guangzhou, Switzerland, Malaysia Accounts opened in areas other than Hong Kong, such as the United States, are called offshore accounts.

Opening a local account: To open an account in a Hong Kong bank, the bank requires you to present the Hong Kong company registration certificate, business registration, and articles of association. Another important document is the account opening document issued by an accountant to prove the authenticity. Shareholders need to provide proof of personal address to the bank, such as water, electricity, telephone bills or bank monthly statements.

Open offshore accounts: At present, the domestic banks that can open offshore accounts are Pudong Development Bank, Ping An Bank, China Merchants Bank, Bank of Communications, Ningbo International Bank, etc.; foreign banks in China are: HSBC, Standard Chartered Bank, Hang Seng Bank Wait.

1. Advantages of Offshore Bank Accounts
2. Not subject to foreign exchange control, funds can be freely allocated

2. Facilitate payment settlement for international trade

3. Exemption from interest tax, the actual income of deposits is higher

4. Various currencies are freely convertible

5. The daily operation of the account is simple and easy, and online banking can be opened for

transactions

6. Facilitate trade financing with international banks

2. How to open an offshore bank account in Hong Kong

Visit a Hong Kong bank to open an account or open an account via video

3. Bank account opening process 1 (for reference): submit an account opening application → issue

an account number → send a cheque book → send an online banking password → confirm the activation

of the online banking password → log in to the online banking service for the first time → send or receive a

withdrawal Card and PIN

Hong Kong bank account opening process 2 (for reference): Confirm account opening → preliminary review → information supplement → bank contact → account opening appointment → successful account opening

4. Information required for opening a Hong Kong company bank account

1. Company registration certificate

2. Valid business registration certificate

3. First Secretary and Director Notification Form D1 together with all subsequent Forms D2 detailing

the particulars of each director

4. Form D3 of Consent Letter for Appointment as Director

5. The articles of association of the company and any resolutions under amendment

6. ID cards or passports of directors and authorized signatories

7. The account opening resolution of the board of directors signed by directors with at least a quorum for the meeting (you can directly fill in the account opening resolution in the "Offshore Account Opening Application" or issue it separately)
8. The latest annual return form AR1 (for companies registered for more than one year)

Note: Other documents that must be provided to the bank according to business needs. Different banks have different conditions and requirements for opening a bank account of a Hong Kong company. For the specific details of opening a bank account of a Hong Kong company or an offshore company such as BVI, Cayman, Seychelles, and the United Kingdom, please consult our online consultant!

Standard Chartered Bank is one of the world's most distinctive international companies. The bank's limited liability companies are listed on the London and Hong Kong stock exchanges, and are among the top 25 companies in the FTSE Index (in terms of market capitalization). The Standard Chartered Bank Limited Group has more than 950 branches in more than 50 countries and regions in Asia Pacific, South Asia, the Middle East, Africa, the United Kingdom and the Americas. Standard Chartered has a long-term commitment to China and is committed to a stronger development.

Standard Chartered Bank provides personal and commercial banking services: Personal banking services include credit card, personal loan, mortgage, deposit and wealth management services for individuals and small and medium-sized enterprises; while commercial banks provide corporate and institutional customers with services including trade finance, Cash management, commercial lending, custody, foreign exchange, bond market investment and corporate financing services.

The documents required to open an account are as follows:

1. Business account application form.
2. Company account authorization letter.
3. Business account signature card.
4. Indemnity letter (if applicable).

Documents required for opening an account with Standard Chartered Bank: 1. The original of the director’s identity document (passport or travel permit to travel to and from Hong Kong and Macau), the original of the business registration certificate, the original of the business registration certificate, the original of the registration certificate, the original of the company’s articles of association , and the company’s seal . Account opening file 7. Cash deposited into the new account ( about HKD 5,000 ) 8. The original credit certificate issued by the bank where the director is located (such as certificate of deposit, bank book, bank card, etc.). Advantages of opening an account with Standard Chartered Bank: 1. You can legally apply for trade tax exemption, you can freely receive and pay foreign exchange settlement, and if it is an agent export, you can protect overseas customer information. Accounts receivable financing services

2. Import and export letters of credit3 , documentary collection and guarantee4 , acceptance/payment 5, non-recourse export document discount 6, letter of credit negotiation 7, other tailor-made trade products Standard Chartered Bank account opening fee: 1. Account opening fee, no inquiry fee: 400 yuan HKD 2. Inward fee, no charge for inward, no charge for inward; 3. Outward fee, 1.25‰ (USD 25-125) + postal and telecommunication fee for outward remittance; 1.25‰ (USD 25) for outward remittance -125) + postal and telecommunication charges. 4. Cash withdrawal fee, no cash withdrawal fee of 1.5‰ in Hong Kong dollars; 3‰ for US dollar withdrawal c) according to the collection amount 1.25‰; d) postage 25 US dollars per transaction; e) telegraph fee 25 US dollars per transaction (according to whether the charge occurred); f ) according to the collection amount 1.25‰;

Notes for opening an account with Standard Chartered Bank:

1. Bring a valid passport, ID cards and notification cards are not accepted;
2. The business address and the secretary's address cannot be the same, and two different addresses

need to be provided;

3. The company account deposit is HKD50,000 (HKD50,000.00), and the private account is

HKD10,000;

4. Online banking can only check accounts, not remittances;
5. You can apply for a letter of credit account only after the account has been used for one year;
6. It is necessary to submit the company structure chart and the application form for shareholders to

hold shares;

7. The BVI will deduct the search fee of HKD800, and the account will be operational after one month;
8. Opening a bank account in Shenzhen Standard Chartered Bank requires a recommendation from a

registered agency company or a client of Standard Chartered Bank, and the others are the same.

Standard Chartered Bank regulations:

1. If there is any change in corporate structure or shareholders in the future, the customer must notify

the bank immediately;

2. Customers who maintain an average monthly aggregate balance of more than HK$100,000 will be exempted from account administration fees. If this requirement is not met, the bank will charge a monthly administration fee of HK$200;
3. All accounts with no balance or transaction record within the past 6 months will automatically

terminate the service without prior notice from the bank.

Standard Chartered Bank Account Type:

1. Standard Chartered Bank Primary Account

Standard Chartered Bank primary account can provide basic banking and financial services to Hong Kong companies and overseas companies, and comprehensive financial services can meet the basic needs of your business.

1. Standard Chartered Bank primary account opening fee:

Hong Kong companies charge a search fee of HK$100, and non-Hong Kong companies charge a

search fee of HK$2,000.

2. Standard Chartered Primary Account Management Fee:

The average daily balance is less than 50,000 Hong Kong dollars: 150 yuan / month; the average daily

balance is more than 50,000 Hong Kong dollars: none.

Free for the first month after account opening.

3. Documents required to open a company account:

Original certificate of registration (CI), original business registration certificate (BR), original of NC1

form;

A full set of certified public accountants;

Valid identification of shareholders, directors and authorized signatories (ID card/passport);

Proof of address, including landline telephone bill, utility bill, bank statement, within three months and nearly one month. (The name and contact address of the shareholder are marked on it.) If not, please copy the ID card

We offer company incorporation services in all of the United States, any of the 50 states, and the Free Commonwealth of Puerto Rico. The United States is the No. 1 developed country in the world. Registering an American company is the fastest way for an enterprise to become an international enterprise. Many investors also choose to open an account in a U.S. bank while setting up a U.S. company. The more popular banks in the United States are Citibank, East West Bank, etc.

East West Bank is headquartered in California with a focus on the US and Greater China markets. East West Bank is a bridge connecting financial services between China and the United States. It combines Eastern and Western cultural characteristics, knowledge and resources to help customers achieve their corporate and personal growth goals. Regardless of international trade, commercial property investment

and other fields, East West Bank's market network and bridge advantages will help investors in the United States and Greater China to seize business opportunities and create prosperity and success.

Citibank, as the only bank that implements a global business strategy, not only serves 50 million consumers in 56 countries, but also serves multinational, cross-regional and local corporate clients in nearly 100 countries. Citibank has become a world brand in financial services. Citibank's unique global network provides customers with the services they need, anytime, anywhere.

Bank of America Account Opening Services

We provide global customers with the service of opening a bank account in the United States, which can be done without leaving home. Accounts can be opened with large global or regional banks. It is recommended to open an account with East West Bank and Citibank in the United States , with 100%

success.

(1) The types :

1. Personal checking account
2. Personal savings account
3. Personal certificate of deposit
4. Business checking account
5. Business savings account
6. Trust account

(2) Time of opening a bank account

1. Account applications are usually opened within 3 weeks after the bank receives the signed

application form

2. Debit cards and online banking tokens are sent within 2 weeks after account opening

(3) Materials necessary for applying for a bank account:

1. Individual accounts (for each account signatory)

(1) Scanned copy of passport

(2) Auxiliary identification (can be a driver's license, any government-issued identification, credit cards

from major banks, etc.)

(3) Proof of address (can be a utility bill, a driver's license with an address, etc.)

(4) Mailing address in the Chicago area (customers can use their own address, or provide us)

(5)- Account application form (provided by the bank)

2. Business accounts (for each account signatory)

(1) Scanned copy of passport

(2) Auxiliary identification (can be a driver's license, any government-issued identification, credit cards

from major banks, etc.)

(3) Proof of address (can be a utility bill, a driver's license with an address, etc.)

3. For the company

(1) The official company office address in the Chicago area (customers can use their own address, or

provide by us)

(2) Tax ID (Employer Identification Number EIN) certification letter

(3) Briefly introduce the business

(4) Account application form (provided by the bank)

4. Depending on the situation, business type, etc., the bank may require additional materials, such as:

(1) The applicant's current bank letter of advice

(2) Proof of business activity

(3) Transaction Information

(4) The account application process is as follows:

1. We receive inquiries from customers;
2. We send a short pre-application questionnaire to customers;
3. The customer returns the complete questionnaire and we hand it over to the bank;
4. The bank informs us that the account has been approved with conditions;
5. We send the material list to the customer, and the customer returns the material to us;
6. The bank confirms the acceptance of the materials;
7. We prepare the account application form and send it to the customer for signature;
8. The customer returns the signed account form to us and we hand it over to the bank;
9. The bank processes the application and opens a bank account;
10. The bank sends the debit card and online banking token (for business accounts) to the customer's

address.

(5) Bank account opening fees

Different banks and customers have different needs. For specific fees, please contact our consultants,

and the consultant's introduction shall prevail.

(6) Confidentiality

We understand that the files you submit to us, whether corporate or personal, are business information or personal privacy for you. Therefore, we will sign a confidentiality agreement with you to ensure that your files will not be disclosed by us.

Opening a bank account is one of the prerequisites for business transactions and development. Many countries and regions have relatively loose foreign exchange management systems, and foreign exchange receipts and payments are free. Choosing a suitable overseas bank account is the first step for you to start overseas investment. As one of the global financial centers, Singapore, with professional, convenient and comprehensive banking system services, makes many companies choose to open an account in a Singapore bank. Singapore has independent sovereignty, social, political and economic stability. The Singapore government also supports the wealth management industry, and account information and business information are well protected.

1. Advantages of opening a bank account in Singapore
2. After opening a Singapore bank account, Singapore companies can freely conduct international

trade settlements

2. Singapore has an independent financial market system. Opening a Singapore bank account can enjoy more convenient services. It is not subject to foreign exchange controls, and funds can be freely transferred. At the same time, various currencies can be freely exchanged through a Singapore bank account.
3. The daily operation of a Singapore bank account is simple, and online banking can be opened for transactions
4. After opening a Singapore bank account, it is convenient for Singapore companies to conduct trade financing with international banks

2. Conditions for opening a bank account in Singapore
3. To apply for opening a Singapore bank account in the name of a company, the first condition is that a company has been registered (it does not have to be actually working in Singapore). The company can be a Hong Kong company, a BVI company, a Cayman company, etc.
4. The company applying for opening a Singapore bank account does not operate in high-risk industries, and the products and services involved in the company are not high-risk products and high-risk services, otherwise they cannot pass the review of the Bank of Singapore.
5. Singapore companies need to provide complete company information, including registration certificate, articles of association, business registration certificate; bank statements of the company account for the past 6 months, shareholder passport, shareholder address proof, shareholder work resume, etc. For the opening of an overseas company account, the bank will require the company to provide relevant certificates of registration and actual operation. The integrity and authenticity of the company information are very important for opening an account with a Singapore bank.

The three major local banks in Singapore are the first choice, OCBC Bank, UOB Singapore, and DBS Bank, Singapore. Local banking services are more comprehensive and advantageous. Not only is the use of bank accounts more convenient, but also if you need further financial services, loans, etc., it is easier to handle .

The Bank of East Asia, Limited ("BEA") was established in Hong Kong in 1918 and is the largest independent local bank in Hong Kong. As early as 1920, the Bank of East Asia had seen the huge development potential of the domestic market and established its first branch in Shanghai, which has never stopped domestic business for many years. With more than 80 years of operating experience in China, BEA provides customers with one-stop banking services, which is the key to your successful development of

the Chinese market.

Bank of East Asia provides one-on-one caring service and expert consultation. Asian Bank website URL: http://www.hkbea.com/hk/index.htm

Documents required to open a Bank of East Asia account:

1. The original business registration certificate and the original registration certificate;
2. Two copies of the company's articles of association and statutory documents;
3. All directors sign and seal on the scene and bring their ID cards and Hong Kong and Macau

passports;

4. The original copy of the share transfer file (if any);
5. Seal, annual return (if any);
6. The most recent original address proof (a letter issued by a public institution or bank within

three months).

The above information is for participation only, please refer to the bank for details.

Important Notes for Bank of East Asia Account Opening:

(1) Bring ID, valid pass or passport;

(2) Proof of the director's address, which can be verified by letters from mainland banks or ID cards

within three months;

(3) For the first time, I personally went to Hong Kong to sign the account opening file. The search time was 3-4 weeks, and the password was delivered only if there was no problem;

(4) Online banking services are limited to local transfers only, and remittances from other places must

be handled in person at the bank;

(5) The credit certificate may have no title;

(6) The average balance is not less than HKD3,000.00.

General conditions for Chinese businessmen to open a company account within or outside Hong Kong:

1. All directors go directly to Hong Kong to open an account:

Hong Kong banks generally require all directors of a limited company to go to the bank to open an account in person. If the account signatory or company director is a person from mainland China, they must hold a Chinese passport or a travel permit for Hong Kong and Macau before opening an account.

2. All directors open offshore accounts with foreign banks in Mainland China:

If you do not have a passport, you can open an offshore account at a branch of a Hong Kong bank in China, a branch of HSBC Hong Kong in Guangzhou or a branch of Standard Chartered Bank in Shenzhen. Account signatories and directors who are not account signatories can apply as long as they have Mainland China ID cards.

3. How to deal with a company director who cannot open an account in Hong Kong in person:

Since it is inconvenient for some directors to directly open an account with a Hong Kong bank, they can sign the account opening document (commonly known as a signature witness) at the branch of the Hong Kong bank in China. After the branch bank sends the document to the Hong Kong head office, we will go to the head office to handle the account opening procedures on your behalf. . Since this type of account opening is more complicated, you can inquire with us before opening an account.

Bank of East Asia business introduction:

1. Import business

Open various documentary letters of credit, credit delivery, guaranteed delivery Import invoice loan, import collection note, L/C payment advance

1. Export business

Package loan, export invoice discount, document negotiation under L/C

Collection of export documents, documents against acceptance, documents against payment under

the letter of credit

Letter of credit advice, confirmed letter of credit, letter of credit transfer, non-recourse billing

1. Domestic trade business

Issuing bank acceptance bills, discounting bank acceptance bills, discounting sellers' receivables Buyer's Payable Financing, RMB L/C Issuance

For hundreds of years, Swiss banks have been known for their strict banking secrecy. However, is the Swiss bank really what it is portrayed in detective novels or Hong Kong and Taiwan movies? What the hell is going on with anonymous accounts? Here we will unveil the mystery of "Swiss Bank" for you.

With an account in a Swiss bank, in addition to the protection of privacy, you can also enjoy accurate investment assistance. Consistently regarded as the most trusted bank in the world, Swiss banks employ security systems that have been tested to withstand even the toughest hackers. About a quarter of the world's personal wealth is stored here, which has also created Switzerland's world-famous financial industry. According to the latest policy of Swiss Bank, it is easy to open an account after purchasing hundreds of thousands of wealth management products.

How to open a Swiss bank corporate account:

1. Our company contacts the bank and makes an appointment to open an account;
2. On the day of account opening, the director of the company must bring an ID card, a valid pass or passport;
3. The business license of the domestic company, a copy (the account holder is a legal person or shareholder) and the domestic company's purchase and sales invoices and contracts and company seal; (if any)
4. Deposit HKD 10,000 to the company account and HKD 10,000 to the private account;
5. Open a comprehensive wealth management account, including savings, cheques, foreign currencies (10 types), online banking accounts and letter of credit accounts, and provide an ATM card;
   6. The credit certificate can show the balance or not, but it must be addressed to the person;
   7. Signing and witnessing can be done in Shenzhen, Shanghai or other overseas places, but it can only be done after obtaining the approval of the bank where the account is opened. It mainly depends on the strength or reputation of the account-opening company. (Because this type of account opening is more complicated, you can consult our professional consultants before opening an account.)

6.  

   UBS Hong Kong local or offshore account opening conditions:

   1. Company registration file:

   Company's business registration certificate, company registration certificate (Hong Kong company, bvi company or other overseas company), annual return, first secretary and director notice, secretary and director change notice, director consent, company memorandum, articles of incorporation and any amended bylaws or relevant board bylaws;

   2. Issue an account opening file (CERTIFIED TRUE COPY) (Hong Kong accountant or Hong Kong lawyer);
   3. The owner of the company, the directors attending the board of directors, the photocopy of the identity document (passport or ID card) of the authorized signatory and the proof of long-term residential address;
   4. Account authorization;
   5. Letter of introduction, interview report;
   6. Company customer data sheet;
   7. The basic information table of the unit;
   8. Company structure chart.

    

   To open an account, the company needs to provide the following documents:

   1. Certificate of incumbency of directors
   2. Certificate of good standing
   3. Business proof Business pool

   Note: To open a Swiss bank Hong Kong account, the average monthly balance requirement is US$1 million

    

   Swiss Bank FAQ:

   1. How to understand the Swiss banking secrecy system?

   Confidentiality for clients by banks is an obligation of banks to remain silent in all matters of clients. This is also a power of the customer, as they are the masters of the data and information that is protected. Bank secrecy protects the personal rights of customers. It is comparable to other professional secrecy regimes, such as those of doctors and lawyers. The protection of private interests is the basis of Swiss law and is clearly enshrined in the Federal Constitution (cf. Article 13 of the Federal Constitution).

    

   2. Can I open an anonymous account in a Swiss bank?

   No, it's not possible. Banks require staff to follow the "know your customer" principle and must confirm the identity of each customer opening a new account and their economic legitimacy. In order to control money transactions with criminal origin, each bank has its own strict, internationally recognized identity

   verification rules.

    

   3. Is the Swiss bank account number an anonymous account?
   4. Contrary to what is reported in detective novels, spy movies and some media outlets, anonymous accounts do not exist in Switzerland. The name of the customer of the number account is publicly available to a small number of people within the bank. Bank-to-number account numbers and other account customers use the same bank secrecy system.

    

   4. Does bank secrecy hinder global tax rationalization?

   Any country should be responsible for their proprietary tax system and reasonable tax load. Any government needs to understand that a growing tax load can undermine a country's attractiveness and create tax evasion under the pretext of being overtaxed. Therefore, the existence of taxation is not a

DBS Group is Asia's leading financial services group with more than 200 branches and operations in 15 markets. Headquartered and listed in Singapore, DBS Group is the No. 1 Singapore market with over 4 million customers. DBS is also actively exploring three major growth axes in Asia, namely Greater China, Southeast Asia and South Asia.

DBS is well-capitalized and has achieved AA- and Aa1 credit ratings, the highest ratings in the banking industry in the Asia-Pacific region.

The details of DBS Bank services and account opening are as follows:

1. Service Objects

1. Foreign-invested enterprises (comprehensive foreign currency and RMB services)
2. Resident representative offices (comprehensive foreign currency and RMB services)
3. Domestic-funded enterprises (comprehensive foreign currency services)
4. Offshore companies: Hong Kong registered company or third country registered company (comprehensive foreign currency services)

2. Fund management services
3. Capital-guaranteed exchange rate-linked products
4. Foreign exchange settlement and sale services

3. Trade Financial Services
4. Export trade services: letter of credit notification, confirmation, export document collection, export document discount, non-recourse discount, etc.
5. Import trade services: import letter of credit, reissue letter of credit, delivery guarantee, etc.
6. Other services: letter of guarantee, discount of RMB bill of exchange, etc.

Information required to open an account:

1. Original business registration certificate and registration certificate;
2. Two copies of the articles of association of the company and its seal;
3. All directors sign and seal on the scene and bring their ID cards and Hong Kong and Macau

passports;

4. The original copy of the share transfer file (if any);
5. Annual return (if any);
6. The most recent original address proof (a letter issued by a public institution or bank within

three months);

7. Resolutions of the board of directors (if the director is a company and signs the relevant power

of attorney).

Note: The above information is for participation only. Please refer to the bank for details of relevant documents and charges.

Offshore limited liability company

1. Documents provided by the company (authentic copies certified by a Hong Kong accounting

firm/law firm):

1. Photocopy of passport and proof of address (signed by a Hong Kong accounting firm/law firm) All authorized signatories

Company directors (including company chairman)

All persons who own 10% or more of the company's equity

2. A copy of the company registration
3. The original/copy of the articles of association of the company
4. Register of Directors and Shareholders
5. Certificates of directors and shareholders issued by the registered agent
6. Business certificates (letters of credit, commercial agreements, bank monthly statements, letters of introduction from banks, lawyers, tax returns)
7. Sign the standard documents of the bank:
8. Power of Attorney and Signature Card
9. Power of Attorney for Remote System
10. Company Information Form
11. Customer business content survey book
12. Letter of commitment signed by all directors of the company
13. Information Disclosure Consent
14. Account opening fees and deposits

Additional instructions:

1. If any director or authorised signatory is a legal entity, the following should be submitted:

(1) Company registration certificate, business registration certificate, company organization outline

(2) Company power of attorney (overseas company), register of directors and shareholders

(3) Minutes of board meetings to confirm authorized representatives

2. If any shareholder is a legal entity, or is only a nominee, a copy of the ID/passport (authenticated)

of all persons holding 10% or more of the shares on the register of shareholders must be provided.

3. All documents provided must be duly certified copies confirmed by a qualified Hong Kong accounting firm/law firm to match the originals.
4. The customer is obliged to notify the bank of any subsequent amendments to the ultimate beneficiary.
5. The above only describes the basic documents required, if necessary, the bank may request other additional documents. DBS Bank (Hong Kong) Limited reserves the right to reject any application, or terminate the account where appropriate.

Singapore is a multicultural immigrant country, and its economically developed people live affluent lives. After decades of rapid development, Singapore has become a global metropolis of "trade center + financial center + headquarters economy + investment center". According to the Wealth Watch report from London, UK, Singapore is currently the fourth largest offshore wealth management center in the world, and it is expected that by 2020, Singapore will become the world's largest offshore wealth management center.

Advantages of opening a bank account in Singapore

1. Singapore has a good financial environment, social and political stability, a sound financial system and perfect financial facilities.
2. The market entities are diversified. Singapore has a high density of financial institutions and a high degree of service diversification, ranking among the top in the world.
3. Individuals and companies can open accounts in Singapore, and the account opening is convenient and

fast, and the cost is low.

4. There are many choices of local/international banks in Singapore, comprehensive financial services, convenient operation of online banking, and unlimited use of regions.
5. Not subject to foreign exchange control, funds can be freely allocated, and various currencies can be freely converted through a Singapore bank account
6. After opening a Singapore bank account, the Singapore company can freely conduct international trade

settlement;

7. Singapore has an independent financial market system, opening a Singapore bank account can enjoy more convenient services
8. After opening a Singapore bank account, it is convenient for Singapore companies to conduct trade financing with international banks.

OCBC Bank of Singapore

It is one of the leading financial services groups in Asia and one of the largest financial institutions in Singapore and Malaysia. OCBC Bank Singapore provides a range of professional financial services to meet customer needs, including personal business, corporate business, investment banking business, private banking and transaction banking business, global treasury business, asset management and stock brokerage business. We provide OCBC Bank account opening services for individuals and businesses internationally. If you have any questions about opening an account, you can consult an online professional advisor.

OCBC Bank Account Opening Conditions

1. Apply to open a Singapore bank account in the name of the company:

The first condition is that a company has been registered (it does not have to be a physical office in Singapore, it can also be a Hong Kong company, a British company, a BVI company, a Cayman company, an Australian company, a New Zealand company, a Dutch company and other overseas companies). Accepting direct applications from mainland Chinese companies to open accounts, because the company laws of the two places are quite different and cannot be reasonably controlled.

2. Business scope:

The company applying for opening a Singapore bank account cannot operate in high-risk industries, and the products and services involved in the company are not high-risk products and services, otherwise the bank review will not pass.

3. Provide complete company information:

Including company registration certificate, articles of association, business registration file, shareholder passport, shareholder address proof, business information, etc. To open an overseas company account, it is also necessary to provide relevant certificates such as registration and actual operation. The completeness and authenticity of company information shall be guaranteed.

OCBC Bank Account Opening Steps

1. Individuals/companies apply for account opening, communicate with us in detail, and clarify the financial

business selected by the bank account

2. Data preparation: personal documents, deposit certificates, company information, business certificates, etc.
3. Preliminary review appointment: After the preliminary review of the materials is passed, the time and place of the account opening interview will be determined.
4. Interview preparation: face-to-face communication with the bank manager.
5. Successful account opening: Receive notification and online banking, activate the account.

Information is required for opening a business account with OCBC Bank in Singapore

1. Certificate of Incorporation, Business Registration Certificate, Annual Return
2. Articles of Association
3. Passport (authorized signatory of company account + director + shareholder)
4. Proof of address
5. Auxiliary certification materials of the account opening company (bill of lading, purchase contract, documents, invoices, receipts, agreement contracts, etc.)
6. If you have a business account, you need to provide the bank statement of the existing account (the last

3 months)

7. Resume of directors, ID cards of directors and shareholders
8. Fill out the "Foreign Incorp Questionnaire" form

*If the company is newly established, it is necessary to provide the supporting documents of the director in the domestic company

The face-to-face method available for opening an account with OCBC Bank in Singapore

1. Singapore face-to-face visa

Advantages: faster approval, high success rate, low deposit requirements, and field inspection. Determine: time cost, travel cost.

2. Domestic interview

Advantages: No need to go abroad (we can provide customers and bank managers to sign in Shenzhen directly), saving travel costs.

Cons: Higher fees, higher deposit requirements, longer wait times.

How long does it take to open an OCBC Bank account in Singapore?

After the Singapore bank account opening interview, if the application materials are verified and correct, the account can be opened in about 2 weeks. If you need an account urgently, you can explain the situation to the bank manager on the spot and request expedited processing.

Bank Account Maintenance Considerations

1. Keep the account active and have certain deposits.
2. Do not collect money from others, and avoid any financial transactions with illegal channels.
3. Avoid business dealings with trade-sensitive countries and avoid sensitive business.
4. Don't frequently deposit, withdraw or transfer large sums of money.
5. Actively cooperate with the bank to fill in the annual inspection and due diligence forms.
6. The company trades as far as possible from public to public, and avoids frequent public to private.
7. Reserve valid common contact information for the bank.
8. If there is actual income, it is recommended to issue an audit report to avoid random checks and failure to provide, and account freezing affects use.
9. If the company fails to review the annual review on time, it will be checked by the bank and the account will be frozen. If the annual review is not completed in time, the account will be cancelled.

Bank of China account opening, please refer to the following table for details: (Both Mainland China and

Hong Kong Bank of China can open an account)

Bank Profile

Bank of China is the only bank in China that has been operating continuously for more than 100 years. It is also the bank with the highest degree of internationalization and diversification in China. Its institutions cover mainland China and 56 countries and regions. Its subsidiaries include BOC International, BOC Investment, BOC Fund, BOC Insurance, and BOC. Holding financial institutions such as Aviation Leasing, BOC Consumer Finance, BOC Financial Commerce, BOC Hong Kong, etc. In 2016, Bank of China was selected as a global systemically important bank again, becoming the only financial institution in emerging market economies to be selected for six consecutive years. In 2017, the British "Banker" magazine published the "Top 1000 Largest Banks in the World", and Bank of China ranked 4th.

Customers who register overseas companies with us can enjoy the appointment account opening service, and professional consultants will guide the account opening throughout the process, and the success rate of account opening is higher .

Wing Hang Bank account opening:

1. Account opening procedures: Directors and shareholders bring all the green box information and original personal identification (ID card or passport), and go to the bank to sign the account to open the account. The account opening

time is about one week.

2. Shenzhen Branch International Settlement Service Charges

List of foreign currency business charges of Wing Hang Bank Shenzhen Branch

Customers who register overseas companies with us can enjoy the appointment account opening service, and professional consultants will guide the account opening throughout the process, and the success rate of account opening is higher.

Nanyang Bank account opening: