Being an international business hub, Hong Kong is a vibrant city where a number of financial activities take place. In order to facilitate these financial activities, there exists many banks and financial institutions in Hong Kong. Any resident or non resident can open a bank account in Hong Kong for personal as well as business purposes.
Choosing a bank for business and opening a new bank account is the standard requirements for operating companies. One needs to understand what services are required and how much they cost.
The procedure for opening a bank account is quite stringent and involves a considerable amount of paperwork however requirements differ from bank to bank. To avoid the valued time involved in opening bank accounts, an excellent solution is to consult qualified professionals. We have developed a banking network and expertise which enables us to assist our clients through the account application for all companies we register under us.
Our bank account services make it easier for individuals and businesses to open bank accounts and avail of other financial services. AML and KYC regulations have also changed throughout the years, and as a result, banks have enhanced their due diligence requirements and modified their account opening processes. Enhanced due diligence policies of banks are rigorous and robust which requires significant evidence and detailed information, thus we help our clients all the way through this process.
Chandrawat & Partners provide international clients with corporate bank account assistance services in their preferred jurisdictions. After understanding more about clients’ business and requirements, our experts will recommend on suitable banks and jurisdictions which our clients may wish to consider.
Our professionals are familiar with the different AML and KYC requirements and expectations of banks, allowing us to deliver precise guidance to all our clients.
With our straightforward work process, our executives can offer a variety of services through our alliances and associations with agents around the world. They are also able to provide full and continuous support on ensuing requirements as designated by law, to remain compliant in each jurisdiction.
We study important characteristics of the bank before account opening, such as:
Our primary goal is to establish long term relationships and provide the best solutions and services, through competent professionals who will be pleased to assist with utmost integrity, expertise, and privacy.
Chandrawat & Partners has established relationships with banks in several jurisdictions, which allow us to help our clients navigate through the possible options, explicate different bank procedures, and clarify their requirements for their selection.
Moreover, we would assist with the preparation and submission of the necessary documentation for all types of accounts, including savings, current, time deposits, non HKD, integrated, and investment accounts.
We can assist in opening bank accounts in the major international banks of Hong Kong, including:
Virtual banks of Hong Kong, including:
We help our clients with bank account services in the wide range of jurisdictions, including:
A company is free to open a bank account wherever it wishes, irrespective of where the company is registered. To determine what would be the most appropriate jurisdiction for opening bank account, please contact our professionals who would be happy to assist.
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Chandrawat & Partners is a leading full service firm in Hong Kong. We provide a wide range of high quality consulting services to domestic and international clients. With a strong network of professional advisors worldwide, we have a wealth of first hand experience and expertise in providing effective solutions to the complex issues.