Bank Account For Non Resident and Foreigners : 100% Guaranteed

Hong Kong is among the countries in the world that can be regarded as a top financial center. Hong Kong has one of the highest numbers of banking institutions in the world. Also, Three-quarters of the world’s biggest banks have branches in Hong Kong.

Foreigners, both resident in Hong Kong and non-resident in Hong Kong, can choose several different types of accounts from different banks for their banking needs.

Best of all, restrictions on setting up accounts in Hong Kong are lower than in the United States, UK, and Europe.

Opening a personal bank account with deposit of less than USD 3 million isn’t anymore possible in Hong Kong. The setup of a Hong Kong company is therefore the best option to maintain your financial freedom in such a secure environment.

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Banking sector in Hong-Kong

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A nonresident foreigner can open a bank account in Hong Kong but…

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Our experts can help nonresident to open a bank account in Hong Kong - Success rate is 99%

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99% Success Rate

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Banking sector in Hong-Kong

The banking sector in Hong Kong employs a three-tier classification. This means that some international banks are restricted from providing bank services, even to foreigners.

The major banks providing banking services to foreigners and non-residents include Standard Chartered, HSBC (The Hong Kong and Shanghai Banking Corporation), Hang Seng Bank, DBS Bank, the Shanghai Banking Corporation and Bank of China.

The aggregate number of banks in Hong Kong is above 200 from about 30 different countries. You have a wide variety of banking institutions to select from when opening your non-resident Hong Kong bank account.

200 banks from 30 countries in Hong Kong

Hong Kong list of banks

What you need to know

First, You have to be in Hong-kong to open you bank account. Majority of the Banks in Hong Kong open 6 days a week, from 9am to 4.30pm on weekdays, with the exception of Friday when banks usually close by 5pm. On Saturdays, many banks close off shop by 12.30 pm.

Most of the bank branches with English-speaking staff are located in Central and in places with a high concentration of foreigners for example Causeway Bay, Tsim Sha Tsui, and Wan Chai. Foreigners without knowledge of the local language can locate these bank branches and they are sure to get service from English-speaking bank staff.

Most banks in Hong Kong have account maintenance fees, usually levied semi-annually. Also, you may be charged when your account balance becomes lower than a pre-agreed level. You should also be aware that outbound transfers may come with some charges, likewise standing orders and closing your account before the expiration of a stated period.

Some banks give out credit cards with a charges-free grace period, where charges only apply after a certain period.

Please note that Hong Kong Dollar is the currency used by Hong-Kong banks. Also, Interest earned on bank deposits is not subject to tax (interest rates below 1 percent).

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A nonresident foreigner can open a bank account in Hong Kong but…

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Our experts can help nonresident to open a bank account in Hong Kong - Success rate is 99%

It is always easier to employ the services of an expert to help you with information on these special requirements and help you scale through them.

You should know the rules that apply to maintaining a bank account in Hong Kongespecially if you are non-resident.

For example (one among numbers), it is advisable that if you do not intend using your Hong Kong bank account for a long period of time, and if it is not a fixed deposit account, you should pull out the money from the account and transfer to a bank account in your home country or any other country…

Our experts know how to obtain a success rate of 99%. They know the best processes, the best banks to safe your money in and all the new rules to open a bank account in Hong-Kong for a non resident.

Hong Kong is one of the safest and easiest places to bank. Domiciling a bank account in Hong Kong remains very attractive, especially to a non-resident foreigner. You will not go wrong with a Hong Bank account.

However, you need to know the rules that apply to operating a Hong Kong bank account and be able to comply with them to ensure a hitch-free experience. A professional and knowledgeable financial advisor can always help you in this regard.

Get a free consultation today over Skype, by phone or with a short meeting at our Wanchai offices.

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