By using our website you consent to all cookies in accordance with our Privacy Policy.

To give businesses more flexibility in opening corporate bank account amid coronavirus pandemic, DBS Hong Kong has allowed business clients to go through due diligence process with video conference call, instead of physical meeting like before.

Do note that this capacity is only available for some matches of corporate and business owners’ nationality, as detailed below:

  • HK company with Chinese UBO: meeting at Great Bay Area to apply for dual account (DBS China and DBS Hong Kong)
  • HK company with foreign owner: conference call, courier documents certified by CPA
  • Foreign companies with HK owners: conference call, courier documents certified by CPA

Having an account in DBS Hong Kong offers a great plus for international trading, asset protection, and multitude of investment opportunities. These benefits surely come with some initial pre-qualifying conditions for account holders that you need to put in mind.

A typical business current account for foreign nationalities requires:

  • Initial deposit: HKD 1M
  • Minimum balance: HKD 50k
  • Fall below fee for not meeting average daily balance of HKD 50k: charge HKD 250 monthly

Another point worth mentioning is that no end date was set and the bank reserves its full right to put a halt to this supporting event without prior notice to any parties. So just making sure that you don’t let this opportunity just slip out by contacting our customer service today.

About DBS Hong Kong:

DBS Bank (Hong Kong) Limited is a subsidiary of DBS Bank –  The Development Bank of Singapore Limited headquartered in Marinna Bay, Singapore. DBS Bank is the largest banking institution in Asia Pacific by total assets – over S$550 billion according to its consolidated financial statement as of the end of Q2 2019. It provides a broad range of financial services i.e. consumer and corporate banking, wealth management, securities brokerage etc. DBS Bank covers global market with presence in 18 countries across the globe.


Recent Posts

updates-of-annual-economic-substance-declaration-forms-in-belize
27 Aug 2020

Updates of Annual Economic Substance Declaration Forms In Belize

Belizean included entities, holding companies and non-included entities under Belize ESA (2019) must now follow different forms to fulfill economic substance obligations with the Commission.

Read more
recent-key-changes-in-belize-tax-law-on-ibcs
27 Aug 2020

Recent key changes in Belize tax law on IBCs

Belize has undergone significant changes to its tax treatment for an IBC. Namely, there were two tranches of amendment into its Tax Act in 2018 and 2019.

Read more
seychelles-announced-beneficial-ownership-act
28 Aug 2020

Seychelles announced Beneficial Ownership Act, 2020

On 5th March 2020, Seychelles passed two new laws of Beneficial ownership Act 2020 (BOA) and AML/CFT Act 2020 in replacement of AML Act, 2006.

Read more
revised-incorporation-annual-fee-of-seychelles-ibcs
27 Aug 2020

Revised Incorporation & Annual Fee of Seychelles IBCs From 1st April 2020

Fees payable for the incorporation and annual renewal of all Seychelles International Business Companies (IBCs) effective from 1st April 2020 would be increased. See details!

Read more
hong-kong-the-2018-19-tax-payment-deadlines-extended
27 Aug 2020

Hong Kong: The 2018/19 Tax Payment Deadlines Extended For Three Months

IRD announced on the automatic three-month extension for the payment deadline of Salaries Tax, Tax under Personal Assessment and Profits Tax for the YOA 2018/19

Read more
delivery-service-temporarily-suspended-due-to-covid-19-pandemic
27 Aug 2020

Delivery Service Temporarily Suspended Due To COVID-19 Pandemic

Due to the severe impact of the coronavirus pandemic (COVID-19), BBCIncorp Limited regrets to announce the temporary suspension of delivery services by courier companies

Read more
ocbc-singapore-introduced-multi-currency-account-for-business
27 Aug 2020

OCBC Singapore Introduced Multi-Currency Account For Business

OCBC Singapore introduced its first product in the category of Multi-Currency Business Account, which can greatly benefit all local and foreign companies to grow their business internationally.

Read more
open-bank-account-online-with-dbs-and-ocbc
27 Aug 2020

Exclusive Offer: Open Bank Account Online With DBS & OCBC

In response to Coronavirus Outbreak (COVID-19), two of our largest partners – DBS and OCBC banks are now offering favorable approaches to support BBCIncorp’s clients and customers.

Read more
belize-economic-substance-requirement
27 Aug 2020

Belize Economic Substance Requirement

Belize has made substantial legislation changes in the end of 2019 in response to criticism over its tax regime. In what follows, we will shed light to one of its changes regarding economic substance requirement.

Read more
incentives-for-ibcs-continuation-to-belize
27 Aug 2020

Incentives for IBCs Continuation to Belize 2020

Any foreign companies to re-domicile into Belize for 2020 would be exempted from the Continuation Fee in a specific time period, and free of the regular service charge for TIN application.

Read more
seychelles-among-four-territories-added-to-the-eu-blacklist
27 Aug 2020

Seychelles among four territories added to the EU ‘blacklist’

On 18 Feb 2020, EU has revised its list of non-cooperative jurisdictions for tax purpose by way of including new four territories to the list

Read more
the-2020-21-hong-kong-budget
27 Aug 2020

The 2020/21 Hong Kong Budget: Key Highlights For Business

Financial Secretary Paul Chan Mo-po delivered Hong Kong budget plan for the year 2020/21, which highlights Hong Kong current economy, and a set of proposals for taxation measures.

Read more