How do I apply for a Philippine-Hong Kong account for a tourist visa?

In order to meet the needs of a large number of investment/business/retired/overseas students, this article will introduce the introduction of easy account opening in the Philippines and Hong Kong:

Manila, Philippines

Because of the policies of the International Anti-Money Laundering Alliance and the Central Bank of the Philippines, the handling of bank accounts in the Philippines has been tightened in recent years, and it has become increasingly tight.

According to the experience of the editor, although the current supervision of bank accounts in the Philippines is not as strict as in Europe, it is N times stricter than that of mainland China.

According to the policy of the Central Bank of the Philippines, at least two valid documents are required to open a bank account in the Philippines. According to the policy of the Central Bank, for foreigners, passports and long-term visas such as work visas and retirement immigration visas are required. However, several banks only accept permanent visas and work visas are not acceptable.

This is still the most basic requirement. Some banks also need to provide utilities bills, work permits and other supporting documents.

As a foreigner, banks often refuse to open an account even if they can provide two valid documents. There is a Shanghai boss with good English, holding a Philippine green card SRRV and passport. In order to open an account, he also ran to three banks for a day before opening it.

In short, it is difficult to open an account, but it is difficult to go to the sky.

Almost all of our investors need a local Philippine account. Before the second half of last year, even for investors holding tourist visas, we could easily arrange 1-2 cooperative banks to solve the problem.

Since the second half of 2016, after the overall tightening, these 1-2 banks have also been embarrassed. We have to arrange other channels for investors.

The vast majority of investors need a Philippine peso checking account (easy to invest, more convenient to use a checking account) and a dollar account (easy to transfer money from overseas to the Philippines). The demand of a large number of investors prompted us to finally find a cooperative bank. Our company provides guarantee for investors to open accounts and take the green channel. Quickly handle Philippine peso checking accounts and US dollar accounts.

As there are too many friends who have consulted recently, in order to let everyone have a clear understanding of the process and requirements, we have specially released the account opening plan for your reference:

1. Who can assist?

Investors who invest in US-Canada real estate apartments can assist in the process after booking any apartment.

2. What documents do you need?

To prepare 2 certificates, one passport and the other TIN. At the same time, the bank needs to prepare 2 photos (1*1 and 2*2). If you have ICARD or a friend with a driver's license, you can exempt this item.

3. How to Get TIN Tax Card?

Submit a copy of passport and Philippine address and a 1*1 photo. It will be ready in 2 working days. The account holder needs to pay TIN tax card handling fee P 1000.

4. How much is the initial deposit?

Peso account P 25,000, USD account $500

5. Do I need to go to the bank?

I must appear and sign a large number of documents.

6. How long can I handle it in the bank?

It can be handled in about 0.5-1 hour.

7. Do you have to go to the opening bank for banking business in the future?

PNB has many outlets in the Philippines, and any branch of basic business can handle it.

Hong Kong

Capital controls are very strict, and now there is another way for you to open an account easily, Hong Kong Standard Chartered Bank overseas accounts.

To open an account, you must bring your Hong Kong and Macao pass or passport with your ID card. These first open accounts need to bring your pass or passport plus your ID card. These photos will be taken first for our partners of Standard Chartered Bank in Hong Kong to check. In addition, please provide the following information to facilitate the preparation of account opening documents in advance.

Name:

Correspondence address:

Postcode:

Mobile phone number:

Email:

Work unit:

Industry:

Position:

Annual income:

Education level:

Marital status:

Purpose of account opening:

Please open the roaming service of mobile phone to facilitate receiving SMS when starting online banking. The photo was taken for the staff of Standard Chartered Bank of Hong Kong to check. In addition, please provide the following information to facilitate the preparation of account opening documents in advance.

Like the Philippine account, our company provides guarantees for investors to open Hong Kong accounts, and non-investors will not be able to assist in the process.