Hongkong Company Formation

The importance of bank account

The importance of bank account

A company bank account is necessary for a business to apply and receive the Letter of Credit (L/C) in the event of purchase or sale of stock. It also helps the deposition on the large amount of cash created by the company.

Therefore it is an essential consideration for a company to open a bank account. Youfu Accountants Limited is ready to assist its clients in creation of company bank account in Hong Kong in which it would save a significant amount of tax expenses with a suitable tax planning. The banks in Hong Kong are highly-reputable, stable and recognized globally. Thus, we believe that a Hong Kong bank account would help the company in creating a prestigious image and offering a stronger sense of confidence to the clients/business partners.

The procedure to open a bank account becomes simple and easy as the client is no longer required to present in the event of creating an account. SBC International is among the few which are listed as approved professional intermediaries of HSBC and Standard Chartered Bank. We offer our client the convenience of completing and signing procedures to be done at one of our local offices for a brand new bank account to be created within 10-15 working days.


Requirements on the creation of bank account and its procedures


Related Documents
A duly signed and chopped declaration form of the company’s business nature is also required from the client
Proof of address of the account holder (depends on bank's policy respectively)


Proof of identity of the account holder
Director who does not want to be appointed as the controller of the bank account must sign on the section "Not include signature" of the bank account application form for confirmation
The bank has reserved the rights to reject any account application.