BVI Company Formation Requirements

HSBC

1. One director must come to HK or China. All other directors, shareholders & bank authorized signatories may come to Hong Kong or go to their branch/subsidiary in any country (except for Taiwan), so that they can witness their signatures and verify their passport copies.
2. All directors and shareholders are required to provide address proof (e.g. original water/telephone bill or bank statement issued within 2 months).
3. Business proof (e.g. an invoice/contract for sales/purchase and a business brochure/plan for the new company or an existing company with same business with documents to prove that you are a shareholder/director). If you provide business proof of another company instead of those of the BVI company, you need also to write some brief description about the nature of business, countries of operations, suppliers and customers, forecast turnover and some brief business background of the directors/shareholders in that industry.

Hang Seng Bank (member of HSBC Group and using the same internet banking system)

1. All directors, shareholders & bank authorized signatories may come to Hong Kong or go to a branch/subsidiary of Hang Seng Bank or HSBC so that they can witness their signatures and verify their passport copies.
2. All directors and shareholders are required to provide address proof (e.g. original water/telephone bill or bank statement issued within 2 months).
3. You also need to provide a couple invoices/contracts for sales/purchase for an existing company with documents to prove that you are a shareholder/director.

Standard Chartered Bank

1. All directors, shareholders & bank authorized signatories may come to Hong Kong or go to their branch/subsidiary (not representative office) in any country (except for Taiwan and China), so that they can witness their signatures and verify their passport copies. You can find the addresses of their branches at www.standardchartered.com/global/home/globalbranch_content.html
2. All directors, shareholders & bank authorized signatories need to provide address proof, e.g. original water/telephone bill, bank statement issued within 2 months. If any address proof is not in English nor Chinese, you are required to have a local lawyer to translate it into English and certify its English version.
3. You also need to provide a couple invoices/contracts for sales/purchase for an existing company with documents to prove that you are a shareholder/director.

DBS Bank

1. At least one directors & bank authorized signatories must come to Hong Kong. The other directors, shareholders & bank authorized signatories may go to their branch/subsidiary in Asia (not all branches can do this).
2. All directors and shareholders are required to provide address proof (e.g. original water/telephone bill or bank statement issued within 2 months).
3. Business proof may be required, e.g. some documents of an existing company to prove business, e.g. a couple invoices/contracts for sales/purchase for the new company or an existing company with same business with documents to prove that you are a shareholder/director.

Phone Banking Service/Internet Banking Service

All the above 4 banks provide Internet Banking Service, by which you can use Internet to assess your bank accounts for making balance enquiries and transfers. There is no limit for making transfers for Standard Chartered Bank or DBA Bank, but the maximum limit for transfers is HK$5,000,000 per day for HSBC and Hang Seng Bank. Standard Chartered Bank has a set up fee of HK$800 and a monthly fee of about HK$200 to HK$300. For the other 3 banks, the bank charge is only several hundred HK$ per annum without a set up fee.

ATM Card

You can use their ATM card to withdraw money from the Company's bank accounts using any specified ATM machines ("Sirrus" for Standard Chartered Bank and "Plus" for HSBC, Hang Seng Bank and DBS) in the world. There will be a bank charge for each transaction and some exchange loss.