1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Hong Kong Banks

Discussion in 'Business & Tax Advice' started by cms418, Jun 10, 2011.

  1. cms418

    cms418 Registered Member

    Joined:
    May 3, 2010
    Messages:
    72
    Likes Received:
    7
    Anybody know any good banks in Hong Kong to open a corporate account with a Panama company?
     
  2. trudat

    trudat Registered Member

    Joined:
    Dec 29, 2009
    Messages:
    86
    Likes Received:
    18
    Location:
    New York
    Sounds like you've got some crazy stuff going on. HSBC, construction bank or bank of china are all huge. I don't know specifically about Panama, but they accept foreign customers.

    Keep us updated on what you find.
     
  3. cms418

    cms418 Registered Member

    Joined:
    May 3, 2010
    Messages:
    72
    Likes Received:
    7
    nothing crazy really. I live in Asia and my current Bank account is in Europe so I thought it would be nice to be a little closer to home. Thanks, those are the big ones and I may have issues with them as Panama is not part of the British commonwealth.
     
  4. MrBlue

    MrBlue Senior Member

    Joined:
    Dec 18, 2009
    Messages:
    950
    Likes Received:
    662
    Occupation:
    Web/Bot Developer
    I hear HSBC has horrible customer service. Just as an FYI. Panama has recently signed new treaties with the US regarding disclosure on Americans with Panamanian companies and their activities. Panamanian corps are no longer truly anonymous as they once were.
     
  5. cms418

    cms418 Registered Member

    Joined:
    May 3, 2010
    Messages:
    72
    Likes Received:
    7
    I never heard that. Another good reason to NOT be an American. **Just joking fellas** :)

    Even with full disclosure to America the way I have mine set up is pretty secure and anonymous. In Panama the names on the public record are "nominees" and in turn they hand over the Power of Attorney to me.
     
  6. cms418

    cms418 Registered Member

    Joined:
    May 3, 2010
    Messages:
    72
    Likes Received:
    7
    Oh and I also read that Hong Kong requires a Ltd. and this only. This could be a problem for me as mine is an Inc.

    Anyone able to clarify if what I read is true?
     
  7. mirrorer

    mirrorer Jr. VIP Jr. VIP

    Joined:
    Jan 30, 2009
    Messages:
    1,164
    Likes Received:
    1,029
    From my own research for my offshore company,in order do open bank account in Hong Kong you need to go there and sing some papers.I would suggest Panama company with bank account in Cyprus,Cyprus has good and strong economy.