How to open a bank account in Bank of China Hong Kong Limited

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Beginning of cooperation

February, 2015

Last contact

June, 2022

Last update

August, 2021

Primary requirements:
- to open an account, you must visit Hong Kong (at least one director of the company);
- before visiting the bank, 2-3 weeks before the trip, you must schedule an interview at the bank;
- the bank offers the opening of current accounts for individuals and legal entities;
- annual turnover - from 1,000,000 USD;
- the term for opening an account - case by case (check with the consultant);
- quite convenient Internet banking

Beginning of cooperation

February, 2015

Last contact

June, 2022

Last update

August, 2021

Поиск консультанта...

+44 0 207 822 85 90

General information and rating

Not rated

Global rating

Not rated

Countrywide rating

—

Countrywide rating of the head bank

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Global rating of the head bank

Year of foundation

1937

History

Bank of China Ltd (BOC) is the oldest Chinese bank. It was founded in 1912. From 1912 to 1942, the bank, on behalf of the government, issued banknotes together with the major banks of that time: Central Bank of China, Farmers Bank of China and Bank of Communications. Subsequently, the Central Bank of China and the People's Bank of China were successively transferred to the functions of the central bank of China. In 1949, the bank began to specialize in internationally serving the interests of the Chinese government. In 1994 it was transformed into a state commercial bank. The bank provides a full range of banking services in China, Hong Kong, Macau, Taiwan and 37 other countries. One of the twenty largest banks in the world

Personnel

The staff speaks English

Bank’s shareholders

Among the major shareholders of Bank of China are the state investment fund Temasek from Singapore, Asian Development Bank, Swiss UBS and British Royal Bank of Scotland

Confidentiality

Double Taxation Agreement with Russia is signed; AML legislation is strictly observed

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Minimum requirements

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Minimum balance, €

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Transactions permitted per month

Initial deposit of funds, €

Deadline for the initial deposit, month

Initial deposit of funds, €

No down payment requirements

Minimum turnover, €/year

Minimum turnover - from 1,000,000 USD per year

Tariffs and services

N/A

Outcoming transfer, €

N/A

Incoming transfer, €

N/A

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Distant access to the account

Internet Banking

Financial products

The main activity of the Bank is commercial banking services, including corporate banking, personal banking

Account opening procedure

Days to open for incoming transfers

case by case

Days to open for outcoming transfers

case by case

References

Not necessary

Purpose of the account

Current

Visit to the bank

A visit to the bank is required (at least for one director)

Required

Standard set of corporate documents of the company. A set of copies of documents of a foreign shareholder. Copies of Russian and foreign passports of the director and beneficiary.

Types of accounts

Personal; Corporate; Current

Opening procedure and Due Diligence

it is possible to open an account without visiting a professional introducer

Chances to open an account

Predictable

Business description

Requirements for the description of activities are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the beneficiary of the account and contact information