How do I open an offshore account in Hong Kong?

How do I open an offshore account in Hong Kong?

In order to open a bank account in Hong Kong, the following documents should be prepared:

  1. Valid identity card or passport of the beneficiary.
  2. Proof of beneficiary’s residential address – a driver’s license, recent utility bill or bank statement (issued within three months of the application date).

How do I set up an international bank account in Hong Kong?

In Hong Kong, non-residents only need to present proof of a home country address in order for a bank account to be opened on their behalf. Foreigners not resident in Hong Kong and looking to open a non-resident bank account in Hong Kong can do so by contacting the bank they want to open an account with.

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How do I open a corporate bank account?

Corporation Bank Savings Account Documentation

  1. Passport size photographs with duly filled application form.
  2. KYC documents like ID proof and address proof.
  3. Keep documents like PAN Card, voter ID, passport, Aadhar card, driving license and proof of age handy.

Can I open a Hong Kong bank account from overseas?

Hong Kong allows everybody to open a bank account, regardless of Hong Kong residents or non-residents. Note, however, that foreigners opening a bank account in Hong Kong may be subject to more additional requirements for verification/identification purposes, compared to that for a local resident.

Can I open HK bank account online?

Through this online banking service, the Hong Kong bank account can be opened in 2-4 days. The application process (when opening a new Hong Kong bank account online) and the requirements are simple. Basically applicants from all countries are allowed to open a Hong Kong bank account through this online banking service.

Where can I open an offshore bank account?

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Here are 5 of the Best Countries to Open Offshore Bank Accounts In.

  1. Cayman Islands. The Cayman Islands have a reputation for being a tax haven for all people across the globe.
  2. Switzerland. Switzerland banking entities actually offer ironclad confidentiality services to their clients.
  3. Singapore.
  4. Belize.

What is the best offshore account?

Bitcoin has been hailed by some as the “ultimate offshore bank account.” Bitcoin has been put forward as the possible “ultimate offshore bank account” due to its ability to store money securely in the cloud.

Which is the best bank in Hong Kong?

Best digital bank: Bank of East Asia . Best bank for CSR: Bank of China (Hong Kong) Best bank for SMEs: DBS. Best international bank: Citi. Best private bank: Credit Suisse. Hang Seng Bank is in no doubt what it is here for and who it serves – no small fact in an age when many lenders struggle for a sense of identity and direction.

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Is Hongkong offshore a tax free?

Offshore status for a local company is a tax exemption letter released by Hong Kong Inland Revenue Department (IRD) after their prudent inspection period. Obliged by Hong Kong laws, companies are tax-free for the profits derived outside the territory. Without an offshore claim, corporates must pay full profit tax despite their sources of income.

What banks are in Hong Kong?

Hong Kong and Shanghai Banking Corporation (HSBC)

  • Bank of China (Hong Kong)
  • Hang Seng Bank
  • Standard Chartered Bank (Hong Kong)
  • The Bank of East Asia
  • Industrial and Commercial Bank of China (ICBC)
  • DBS Bank,Hong Kong
  • Wing Hang Bank
  • Nanyang Commercial Bank
  • CITIC Bank International