2 February 2015
HSBC Tariff February 2015
HSBC HK has raised its opening for offshore companies (Non-FATF Member Countries) such as BVI and Cayman from HKD8,000 to HKD11,000 mainly due to the compliance cost associated with implementation of FATCA (www.alcpa.com.hk/Bank-Account-Opening-Update). The cost of bank account opening at HSBC for Hong Kong Company has risen slightly to HKD1,150. It is now almost 10 times more expensive to open a HSBC Bank Account for an offshore company versus a Hong Kong registered company.
How we can help
ALCPA has been established in Hong Kong since 1978 and has been a qualified intermediary with various banks in Hong Kong and overseas enabling us to obtain first-hand knowledge and requirements on the bank opening procedure. Our team also consists of ex-employees of banks and has connection worldwide to open bank accounts for clients suitable for different needs even in cases where client is not able to visit the banks personally.
Please feel free to contact us should you require more information on the above.
CONTACT INFORMATION
info@alcpa.com.hk
(852) 2574 8289
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