We understand our clients’ needs to open a bank account that is convenient, secure, workable online and supports major global currencies. Without such a bank account it would be difficult to take their business forward to the next step.
Unlike opening a bank account in the home country for a local business, which tends to be a simple visit and paperwork, opening a bank account for typical offshore companies in their registration country is quite a different story due to banks' stringent internal KYC and risk assessment policies in dealing with a deemed foreign businessperson who operate offshore.
As a result, opening a bank account for your offshore company can be a complex task and there are so many banks, each with difference application procedure, timeline, documentation checklist, KYC policy, CRS/FATCA formalities, charges, service terms, and so on.
It is important to have the expertise, knowledge and experience on the bank account application process and WOS UNION keeps putting efforts to ensure it’s updated with each bank’s policies, ways of working and develop strong relationship with numerous banks.
It is one of our core objectives and services to assist clients in this process to save their time and get the approval of application from banks, with the following key approaches:
It is equally important to maintain your bank account after it is opened. Failing to keep the account's activeness or submitting required documents could lead to a closure of the bank account. The bank will regularly reassess your account's activeness and fund status in processes such as annual review. Our account service team will closely follow up with clients on the use of their bank accounts and support them when it comes to requirements on bank's routine review.
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Hong Kong Office
Room 07, 12/F., Chevalier Commercial Centre, 8 Wang Hoi Road, Kowloon Bay, Hong Kong
Room 206, 375 Zhongren Road, Jiading District, Shanghai, China 201802
Unit 2310, 236 Huizhi 2nd Road, Panyu District, Guangzhou, China
Copyright © 2021 WOS UNION CONSULTING & CPA - All rights reserved
Trust or Company Service Provider (TCSP) License No.: TC007171
HONG KONG | SHANGHAI | GUANGZHOU
+852 53816912 (Hong Kong) | +86 13052325324 (Mainland) | firstname.lastname@example.org
For better administration and service to our clients, effective from 1/10/2021, LiBrighten will be renamed as WOS UNION. Our contact details are not changed except that the email domain will be updated accordingly, but you may still reach us with the old email addresses.