Company Formation &
Corporate Services in Hong Kong

All Banks We Work With Need a Bank Account?! Open an Offshore Bank Account with INTERCORP

# Bank
Jurisdiction
min. Deposit
min. Balance
Processing Time
No Visit
1 HSBC Hong Kong USD 1,300 USD 6,500 2-5 weeks No
2 Hang Seng Bank Hong Kong USD 1,300 USD 6,500 1-5 weeks No
3 Citibank N.A Hong Kong HKD 50,000 HKD 50,000 1 month No
4 Bank of China (Private Banking) Hong Kong Required Required Varies No
5 China CITIC Bank International Hong Kong Not required Not required 1 month No
6 ICICI Bank (HK Branch) Hong Kong USD 3000 USD 1500 1-3 Weeks Yes*#
7 OCBC Singapore USD 30,000 USD 30,000 1-2 weeks No
8 DBS Singapore USD 50,000 USD 50,000 1-2 weeks No*
9 CIM Banque Switzerland CHF 10,000 CHF 10,000 3-10 working days Yes
10 Bank of Cyprus Cyprus Not required Not required 3-10 working days Yes^
11 BENDURA BANK AG Lichtenstein CHF 5,000 CHF 5,000 2 working days Yes
12 Rietumu Bank Latvia EUR 10,000 EUR 10,000 5-7 working days Yes#
13 ABC Banking Corporation Mauritius Not required Not required 3-5 working days Yes
14 Meinl Bank Austria Not required Not required 13-15 working days No
15 Euro Pacific Bank Puerto Rico USD 500 Not required 3-5 working days Yes
In some cases, the account can be opened remotely. Please contact our specialists for the details.
You can process the application in one of our offices.
The bank offers to visit one of their branches.

Hong Kong Banking

Hong Kong is a place where the largest international banks have their Asia-Pacific branches and headquarters.  It is one of the largest international banking centers in terms of volume of international transactions, and Asia's second after Japan. The banking sector plays a very important role in the Hong Kong's economy.


There are 151 licensed banks (128 of which are foreign banks), 19 restricted license banks (of which half are incorporated overseas) and 26 local deposit-taking companies.


These 196 licensed banks and financial companies operate a comprehensive network of 1,300 local branches. In addition, 65 overseas banks have their local representative offices in Hong Kong.


A bank account is essential for day-to-day business operations. Hong Kong has no foreign exchange control, so funds can be transferred in and out easily.


Overseas businessmen who incorporate companies in Hong Kong usually face difficulties with opening bank accounts with local banks due to the banks' complicated compliance procedures. Personal meeting with a bank officer is required in order to open a bank account. It takes about 5 weeks for a bank to make a decision. At INTERCORP, we understand major banks' requirements and will be glad to assist and facilitate your account opening process in Hong Kong and elsewhere in the world.