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How do I open an account with the Cayman bank?
2022-02-16

Companies registered in the Cayman Islands do not have to open a bank account in the Cayman Islands if they want to open a bank account in the Cayman Islands. They can apply to open a bank account in Hong Kong or Singapore. However, the account opening process of Cayman bank is relatively complex. If the archipelago company wants to open a bank account, it is recommended to seek the help of relevant professional institutions, with a high success rate. For example, to apply for a bank account in Hong Kong, you need to apply for a business registration certificate. The specific process is as follows:


Part I: applicable to the resident tax office of Hong Kong in the year of 1. The information required to apply for Hong Kong tax resident includes: (1) company information: the company's legal registration documents and articles of Association; (2) Hong Kong company name and place of business (a true and valid Hong Kong address is required); (3) The resolution on which the decision was made; Hong Kong business; (4) The latest Chinese Version (5) completes the application for registration of non Hong Kong companies as required.


2. Submit the information required for registration in Hong Kong and apply for registration.

3. The Hong Kong Companies Registry will accept and approve the application. Upon approval, the Hong Kong Business Registration Certificate (BR certificate) will be issued to the company.

4. After receiving the Hong Kong business registration certificate, you can prove your tax residence status in Hong Kong.


Part II: application for opening a bank account (it is recommended to entrust experienced professional institutions to assist) or pre prepared information includes: (1) basic documents of the company: including Hong Kong br certificate, company registration certificate, articles of association and company seal; The latest documents of certified public accountants, etc; (2) Information of directors and shareholders: personal information of directors and shareholders;

(3) Company business documents (purchase order, sales contract, bill of lading and other business documents).


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