Established in Hong Kong in 1918, The Bank of East Asia (BEA) is a local bank with a long history and a strong reputation. Over the years, BEA is committed to providing comprehensive retail and commercial banking services to its customers, with operations in many countries and regions around the world. In Hong Kong, BEA operates numerous branches and wealth management centers to provide customers with convenient and efficient financial services.
Advantages of opening an account with Bank of East Asia, Hong Kong
Requirements for opening a BEA Hong Kong Local Account
Hong Kong company registration: the company must be incorporated in Hong Kong with legal business qualifications.
Business Transparency: The company's business needs to be legally compliant and financially transparent.
Shareholder and Director Information: Provide details and identification of shareholders and directors.
Bank of East Asia Corporate Banking Account Image from Bank of East Asia Hong Kong websitehttps://www.hkbea.com/
Hong Kong East Asia account opening process
Preparation of Documents: Prepare all the documents required to open an account according to BEA's requirements.
Submission of Application: Submit the prepared information to BEA and complete the account opening application form.
Bank Review: The bank reviews the information submitted and may request additional information if necessary.
Interview and account opening: After the audit is approved, the bank will arrange an interview and officially open the company account.
Hong Kong East Asia required information to open an account
Hong Kong company company information: including Certificate of Incorporation (CI), Business Registration Certificate (BR), Memorandum of Association (NNC1/NAR1), etc.
Shareholder and director information: ID cards, passports or passports of shareholders and directors, bank current in the last three months, etc.
Business information: domestic company business license, bank current in the last six months, sales & purchase contracts and corresponding VAT invoices and bills of lading.
Fast Money Transfer from Bank of East Asia Account in Hong Kong
BEA supports corporate cross-border business operations and is committed to enhancing its remittance services. Through BEA's extensive network, corporate customers can make cross-border remittances in Hong Kong dollars, Renminbi (RMB) or US dollars to recipients in BEA China in as little as one hour*, safely, conveniently and at favorable service fees!
Latest Promotion: Limited Time Remittance Fee Waiver Offer
From October 1, 2024 to December 31, 2024 (the "Promotion Period"), you can enjoy handling fee waiver for express remittance to BEA China. During the Promotion Period, Standard Bank Handling Fee of HK$100 (or HKD equivalent) will be waived for each Express Remittance to BEA China (the "Promotion"), which allows you to transfer funds in HKD, RMB or USD to the beneficiary in BEA China free of charge.
Hong Kong East Asia NRA Offshore Account
Hong Kong East Asia NAR Offshore Account is an account opened by a foreign institution in accordance with the regulations in the offshore business department of a domestic bank that has obtained the qualification of offshore banking business operation in accordance with the law, also called OSA account, which is an offshore account.
Offshore accounts are only for company accounts, individual accounts are not supported. Offshore accounts relative to the NRA account by the foreign exchange control less, from the point of view of the security of funds, offshore accounts to be safer, by the national foreign exchange regulatory authority is not so strict.
The advantages of offshore accounts are as follows:
Freedom of Funds Transfer: An offshore account is the same as a bank account opened outside of the country, and funds can be freely transferred from the offshore account without domestic foreign exchange controls.
Unlimited deposit interest rates and varieties: favorable interest rates compared to similar deposits in domestic and foreign banks, flexible access, especially for large deposits.
Deposit Interest Tax Exemption: The Chinese government exempts interest on deposits and withdrawals from offshore accounts from deposit interest tax.
Hong Kong company account opening related services
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