Expert Support for
Hong Kong Bank Account Opening

Opening a business bank account in Hong Kong can be difficult, as banks have become increasingly stringent under Anti-Money Laundering and due diligence requirements. They require detailed documentation to verify the company's background, intended business activities, and the identities of its directors and shareholders.

At Prepdy, we guide you through the process, advise on the required documents, and coordinate submissions to multiple banks to improve your chances of approval.

Fee & What's Covered in Prepdy's Bank Account Opening Package +

Service Fee for Bank Account Opening: HK$8,000

Note: Success is subject to the bank's decision. However, we will liaise with multiple banks simultaneously to increase the chances of approval.

Our bank account support includes:

  • Advising on the required documents based on client's company's profile
  • Preparing and organizing application materials for submission
  • Submitting applications to multiple banks simultaneously to increase the chance of success, allowing each bank to conduct its own review independently and in parallel
  • Liaising with banks, submitting documents, communicating with bank representatives, and scheduling meetings with banks on behalf of the client

This comprehensive approach is designed to streamline the process and maximize the likelihood of approval.

Document required for Bank Account Opening for Companies with Active Business Operations +

Company Statutory Documents

  • Certificate of Incorporation
  • Business Registration
  • Articles of Association
  • Incorporation Form (for companies established within the past 12 months)
  • Latest Annual Return (for companies incorporated more than 1 year)
  • Register of Directors
  • Register of Shareholders

Business Activities Proof

  • Sales Agreement
  • Supplier Contract
  • Invoices Issued to Customers (approx. 5, dated within the last 3 months)
  • Invoices Received from Suppliers (approx. 5, dated within the last 3 months)
  • Shipping or Logistics Documents (e.g., bills of lading, customs records)

Operational Documents

  • Office Lease Agreement or Utility Bills (if applicable)
  • Employment Contracts or Staff Payroll Records (if applicable)
  • Company Website, Marketing Materials, or Product Catalogues (if applicable)
  • Photos of Office, Warehouse, or Retail Store (if applicable)

Director/Shareholder Documents

  • Passport / ID copies of all directors and shareholders
  • Residential address proof of all directors and shareholders (e.g., utility bill or bank statement dated within 3 months)

Note: Required documents may vary based on the company's business nature. It is not mandatory to provide all listed items, as long as sufficient evidence of business activity is submitted to meet the bank's due diligence requirements. The bank will assess whether the submitted documents adequately support the company's commercial background, operational readiness, and purpose.

Using a Related Company to Support Bank Account Application for Companies without Business Activities +

Newly incorporated companies often lack business activity or transaction records at the time of application.

In such cases, banks commonly request documentation from a related company—an existing business owned or operated by the same individual behind the new Hong Kong entity. This helps demonstrate the applicant's business experience, which can strengthen the application and meet the bank's due diligence standards.

Documents required of the related company:

  • Certificate of Incorporation
  • Business Licence
  • Articles of Association
  • Register of Shareholders
  • Register of Directors
  • Last 3 months of statements of bank account
  • Supplier contracts
  • Invoices issued by suppliers to the company (approx. 5, issued within the past 3 months)
  • Client contracts
  • Invoices issued by the company to clients (approx. 5, issued within the past 3 months)
  • Logistics/shipping documents (approx. 5, issued within the past 3 months)

Note: At least one amount listed on a supplier invoice and one amount on a client invoice must match with inflow or outflow amounts on the provided bank statement.

Alternatives when the HK Company has no Business Activities and Related Company. +

If the newly incorporated Hong Kong Company does not have Business Activites and Related Company, the bank account application may still be supported by presenting the personal background of the shareholder(s) or director(s) of the new HK Company. This may include:

  • Employment History – Roles previously held, particularly in relevant industries (e.g. trading)
  • Professional Qualifications – Relevant academic degrees, industry certifications, or licenses
  • Business Plan – A clear explanation of the company's planned operations, target customers, sourcing, logistics, and expected revenue.
  • Financial Standing – Personal bank statements, investment portfolios, or proof of funds that demonstrate capacity to support the business
  • Market Familiarity – Evidence of industry knowledge, supplier or customer contacts, or previous dealings in the product or region