Pre-check for Opening a Bank Account
Fully remote procedure
Account opening available in multiple banks
Free of charge
A pre-check is a preliminary review during which your company’s profile and activities are analyzed by us and the bank before submitting the official application for opening an account.
The pre-check service for opening a bank account includes a comprehensive assessment of the company’s profile for preliminary approval with the bank. We analyze the key aspects of the client’s business, determine how well they meet the bank’s requirements, and provide recommendations to strengthen the profile to ensure successful approval. This service is an essential part of the bank account opening process.
Step-by-step procedure
Initial Consultation and Goal Setting
We conduct a consultation with the client to clarify details regarding the account opening (geography of operations, type of currency accounts, service requirements, etc.).
Review of Corporate Structure and Submitted Documents
We assess the current document package and check the corporate structure’s compliance with standard banking requirements.
Compliance Analysis of Company Profile (KYC/AML)
We perform a KYC and AML risk assessment, evaluating the verification of funds sources and business relationships. Potential compliance risks and deficiencies that could affect account opening are identified, with recommendations provided for improving documentation.
Evaluation of Document Completeness
We check for all documents required by banks when opening an account, assess the collected materials to build a reliable banking profile, and identify any missing documents.
Business Activity Document Analysis
We review current contracts and financial documents confirming regular business operations. Products and services are analyzed for alignment with contracts. We check the website’s presence and informativeness and evaluate public data and company history to enhance trustworthiness.
Bank Selection Recommendations
Based on the profile assessment, we suggest optimal banks suitable for the company considering its operations, structure, and prepared documents. Recommendations are provided on specific banks where the company profile is likely to meet requirements.
Conclusion and Final Recommendations
We prepare a report with guidance on which documents need to be revised or added to increase the chances of approval. A list of missing documents and recommendations for their preparation is provided, along with instructions for the next steps in submitting the application.
Documents required to order the service
On Boarding Memo
1
Corporate Documents
2
Special Documents
3
- Certificate of Incorporation.
- The latest Business Registration Certificate.
- The latest NAR1 (or NNC1 for newly formed companies).
- Articles of Association.
- A color scan of the director’s and shareholder’s passport (photo page), with a resolution of at least 300 dpi.
- Proof of address (utility bill, bank statement, driver’s license) in English, not older than 3 months.
- Director’s résumé.
- Director’s business card (if available).
Proof of Business Activity
4
- Two sets of Contract + Invoice + Delivery Note with a buyer from the last 6 months.
- Two sets of Contract + Invoice + Delivery Note with a supplier from the last 6 months.
- A bank statement from another corporate bank account (may significantly affect pre-approval).
- The Director’s or Shareholder’s personal bank statement (if available).
- Company website (if available).
- Presentation of services or products.
Documents required to order the service
- Pre-check ReportA document containing an analysis of the feasibility of opening a bank account in China, along with recommendations for selecting the most suitable bank based on the conducted review.
Conditions
- Only trading companies are accepted;
- Connection with China or Asia is not required;
- Only companies with a business history are considered;
- A new company must show the history of a related company;
- Guaranteed account opening;
- A copy of the financier’s passport is required;
- Account management via 2 tokens;
- No deposit requirement;
- Letter of credit functionality available;
- No defined limits on account turnover;
- Presence of a WeChat group;
- Free currency conversion via online banking;
- Currencies: USD, EUR, HKD, RMB;
- Rare cases of account closure or freezing;
- Account opening approval possible using documents of a related company.
Limitations
- Changing the company director is discouraged — may lead to account closure;
- Transactions with individuals are discouraged;
- Companies in raw materials, energy, or jewelry industries are not accepted;
- Companies with Russian/Belarusian citizens in the structure, or with connections to Russia/Belarus, are not accepted;
- This is an NRA account opened outside Hong Kong, which prevents its connection to Stripe, PayPal, or automatic statement integration with accounting software.
Conditions
- Not only trading companies are accepted;
- Connection with companies in China is not required;
- No requirements for account turnover or balances;
- Guaranteed account opening;
- Account management via 1 or 2 tokens;
- Transactions can be for goods and services;
- No limits;
- Available currencies: RMB, RUB, HKD, USD, EUR, GBP, SGD, JPY, CAD, AUD, NZD;
- Safe director/shareholder changes;
- Presence of a messaging group;
- No address or office required in China;
- Internet banking available in Chinese, English, and Russian.
Limitations
- No option for currency conversion, either online or offline;
- Each transaction requires verification by uploading supporting documents in online banking;
- Account opening approval is not possible without a registered company based on the documents of a related company;
- Online banking is not the most convenient;
- This is an NRA account opened outside Hong Kong, which prevents connection to Stripe, PayPal, or automatic statement integration in accounting software.
Conditions
- Only trading companies are accepted;
- Connection with companies in China is required;
- No requirements for account turnover or balances;
- Guaranteed account opening;
- Account management via 2 tokens;
- Payments to/from Russia/Belarus are available;
- Accounts can be opened for companies with a Russian/Belarusian director;
- Transactions can be for goods or services;
- No limits;
- Currencies: HKD, USD, EUR, RUB;
- Safe director/shareholder changes, which do not lead to account closure;
- Presence of a WeChat group.
Limitations
- Currency conversion is only available for amounts equivalent to USD 50,000 or more. For each conversion, original forms must be sent to the bank by courier.
- Account opening approval cannot be obtained based on documents of a related company;
- The account may be closed or restricted if funds are received from a company that the bank identifies as violating the law;
- A physical office in Shanghai is required;
- Online banking is not very convenient;
- Two passports are required to open the account;
- This is an NRA account opened outside Hong Kong, which prevents connection to Stripe, PayPal, or automatic statement integration in accounting software.
Related services
Frequently Asked Questions
We offer several options for opening corporate accounts in the region for Hong Kong, Chinese, Singaporean, and non-resident companies (upon request). Each request is considered individually, with each case carefully studied, after which the most optimal bank option for account opening is proposed. We open accounts both in traditional banks and payment systems in:
- China: OCBC, HSBC, Harbin Bank, Chouzhou Bank, Standard Chartered, Lianlian, PingPong, and others
- Hong Kong: HSBC, CCB, Airwallex, DBS, Dah Sing, CITI Bank, Citic Bank, SC, and others
- Singapore: OCBC, DBS, Wise, CITI Bank, UOB, RHB, Standard Chartered, and others
- Malaysia: HSBC Malaysia, UOB, RHB, Maybank, etc.
The service includes document evaluation, verification of the company’s jurisdiction of registration, and analysis of its business activities in the context of the bank’s priorities.
Usually, the pre-check takes several business days, depending on the volume of documents provided.
Corporate documents and documents confirming the company’s business activities are required, such as contracts and bank statements.
Yes, the pre-check service is available separately for a fee. However, if you proceed with opening a bank account, the pre-check service before account opening is provided free of charge.
Useful articles about bank account opening
Why choose us?
Licensed Corporate Secretary
Direct Services in China and Singapore
We provide services directly in Hong Kong, China, and Singapore without intermediaries. This speeds up the registration process and enables clients to manage their businesses more efficiently in these jurisdictions.
We are a licensed provider of corporate secretary services in Hong Kong, ensuring full compliance with local laws and regulatory requirements. Our license guarantees the reliability and security of the services we provide.
Comprehensive Turnkey Services
We offer not only company registration but also full support services: accounting, assistance with bank account opening, and handling correspondence at the company’s registered address. This ensures convenience and minimizes bureaucratic complexities for our clients.
Experience Since 2016
Since our founding in 2016, we have successfully assisted hundreds of companies in registering and efficiently conducting business. Our experience with international clients allows us to cater to the unique needs of each company, regardless of size.
Personal Manager for Each Client
Each client is assigned a personal manager who guides them through all stages of registration and ongoing support. This individualized approach ensures tasks are handled promptly and according to client expectations.
Confidentiality and Data Security
We guarantee complete confidentiality and protection of client data, strictly adhering to commercial secrecy regulations. Your information is secure at every stage of our cooperation.
Transparent and Fair Pricing
We provide clients with detailed cost breakdowns of all services, avoiding hidden fees. This ensures full transparency and predictable expenses.
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