How can I receive cross-sector payments from my Hong Kong bank account? What should I pay attention
With the country's anti-money laundering, CRS declaration more and more stringent, Hong Kong bank accounts in the use of the need to be more cautious and careful, to avoid account anomalies, especially if you need to be involved in the multi-industry receipts, be sure to carefully read this article! I believe it will be very useful to you!
How to improve the account risk prevention awareness
As we all know, the cost of opening an account is now very high, and the difficulty of opening an account is also very high, especially in the case of the recent U.S. banks one after another thunderstorms led to a large number of European and American funds back to Hong Kong, Hong Kong bank side is to raise the threshold of the account opening, the submission of account opening applications for the customer is also a thousand picks, leaving the bank is more favorable to the high net-worth users, and the qualifications of the general want to open an account difficulty is quite high, not only Requirements for high deposits, purchase of high-value financial products or requirements to provide a variety of proof, in general, want to open a Hong Kong bank account, the cost is quite high, so that after the account is opened down, be sure to maintain their own Hong Kong bank account, the specific maintenance methods can refer to the following.
First of all, we should take the initiative to improve the account risk prevention awareness, and resolutely reject the collection and payment on behalf of the payment, especially the inter-bank collection and payment behavior! Because the collection and payment behavior is easy to be used by lawless elements, and the inconsistency between the transaction amount and the actual payment, but also on the authenticity of the transaction is very unfavorable evidence.
What's more, in recent years, the mainland to Hong Kong for bank account opening companies, foreign trade companies accounted for a particularly large proportion, which also led to the Hong Kong banks continue to strengthen the regulation, and this part of the foreign trade companies inside their products are a variety of different kinds of products, ranging from the smallest to the nails, large machines and equipment, the variety is very large.
But this is in the bank to consider, usually entrepreneurs in the entrepreneurial process are focused on a particular industry, in their eyes, only after many years of experience and contacts accumulated, will choose to start a deep plowing in an industry, so some companies, especially the establishment of a relatively short period of years, usually operating a single product, will not be designed to too many industries.
Multiple industries to receive payments how to maintain the account
As mentioned above, enterprises want to develop, involved in a number of different industries is also inevitable, and there is also the need to open a bank account in Hong Kong to receive and pay foreign exchange, then, how should we solve this problem, better maintain their own Hong Kong bank accounts? The following proceed to see!
1.Declare the involvement of multiple industries when opening an account
Usually, the bank will ask to declare the industries involved and the percentage of turnover, and will ask for at least one official business document for each industry as a proof of reference.
2.Consequences of not declaring the involvement of multiple industries
If you do not take the initiative to declare the account opening involves multiple industries, then in this account when the collection, it will show the payment of the company name and region and other corporate information, the bank found that the payment of the company's industry and the collection of the company's KYC does not comply with the company's KYC, usually take the initiative to investigate and require the company to provide the transaction of the official business documents, because there is no advance filing, so no matter whether the documents at this point in time is formal or not, banks have may close your account directly! Therefore, when opening an account, take the initiative to declare in advance, provide formal business documents, is the most secure approach to account security!
So, is there a solution other than proactive filing? Yes, please read on!
1.Set up a number of companies, each company registered only one industry;
2.Each company in different banks to open different industries of the bank account, each account is responsible for receiving and paying a single industry payments, do not mix or one-to-many receipts!
Special attention should be paid to the fact that most banks will be gold, jewelry, tobacco, e-cigarettes, diamond jewelry, finance / remittance companies, are sensitive industries, the bank regulates these companies more, want to open an account is quite difficult!
