Usually Hong Kong banks require all the directors and bank signatories go to the bank in person with their passports or Hong Kong Macau Travel Passes and bank reference letter in favor of the directors and bank signatories (The reference letter should include Name of the account holder, Passport or ID card number, date of the account opening, and wordings, such as “account is in good standing ”), etc.


Types of accounts include HKD Current (checking) account, HKD Savings account, Foreign Currency Savings account, Business Vantage account which include all before mentioned functions and Internet Banking accounts. If letter of credits is required, an Import and Export account must also be opened in addition.

a) All Directors’ original identification documents (i.e. Passport or ID card);

b) Original Bank Reference Letter in favor of each of the Directors and Bank Signatories;

c)Certificate of Incorporation and Business Registration Certificate if it is Hong Kong Company and Certificate of Incorporation only if it is an offshore company;

d) Memorandum and Articles of Association

e) Company chop;

f) A set of company statutory documents certified as true by either a Hong Kong Lawyer or accountant; and

g) Initial deposit for the new account of approximately HKD1,000.

3.Open Offshore Bank Account in Mainland China

Offshore account is equivalent to “foreign account” in China. Offshore account is not under mainland China’s foreign currency control. Inward remittance from overseas to the offshore account and outward remittance from the offshore account to everywhere in the world, including mainland China can flow freely. However, funds inside China, including foreign currency wire transfer and cash can not be transferred or deposited into the offshore account freely and must go through proper foreign currency control procedures.