Business Account For Special Purpose Company

BUSINESS ACCOUNT FOR SPECIAL PURPOSE COMPANY (SPC)

Not many banks open business account for SPC. Even if certain bank accepts SPCs as their customers, the account opening process is very challenging, effort taking and rate of success is minimal if you do not know the special team who specifically handles SPC.

INTERSHORES is able to support your special purpose business in eCommerce, Money Service Operator, Private Fund or Securities Futures Commission (SFC) to open a business account in Hong Kong or the U.K. depending on the nature of business and business operation.

2-tier of services available depending on the level of support you need from us. We can assist you to open a business account with approval at the discretion of bank or we guarantee success of account !

Service Fee For Special Purpose Company Account at 2-Tier Levels:

Guaranteed Account starts at US$6,380 - No Success We Refund!

Account Opening Assistance starts at US$3,000 - At bank's discretion to approve. No Refund.

Remarks: the above fee applies to one (1 layer) structure. Additional fee may apply for more layers.

Option 1 - Guaranteed Account (We Guarantee Your Success)

Free Zoom Conference Recommendation

Get Free Approval Assessment

Save At Least 35 Quality Man Hours

Before official engagement, a zoom conference is organized:

To have mutual understanding of your business details
To explain documentation required for bank account opening
To preliminary evaluate the business model
To make recommendation on account opening

To proceed, the following documents have to be provided to us for pre-approval assessment with bank:

Passport copy of ultimate beneficial owner(s) (UBO), shareholder(s), director(s) and responsible officer(s)
Your company's basic statutory documents
Organization chart
Compliance manual
Compliance audit report
Your company's business plan

You will then be notified the result at around 15 working days subject to your business operation.

If the result with bank is positive, we will need official engagement for account opening and invoice you.

Besides providing your DD documents, necessary statutory doucments, relevant business proof to bank, we will assist:

To study your corporate background and its industry in order to present your company at best practice
To perform CDD on your business counterparties and make recommendation
To incorporate the 2 points above so as to modify and tailor your business plan
To filter, consolidate and compile relevant DD documents, statutory records, business plan, business proof. To consolidate compliance manual & compliance audit report so as to complete bank's compliance questionnaire and account application forms. By then, submit full set of documents to the bank
To meet/liaise with bank officer to address full details of your background and your company's business
To arrange KYC video conference between you and the bank officer
To liaise for additional documents requested by bank (depends on clients' status)
To answer question from bank
To follow up on the status with bank
To make regular reporting to you
To notify you the final result

This involves at least 35 hours of quality work.

Option 2 - Account Opening Assistance

Free zoom conference recommendation and direct submission to bank by fine-tuning the available documents for you. You and INTERSHORES remain as the key contacts with bank to walk through the account opening process until the result will be available. It is at the discretion of bank to approve the application, no guarantee of success nor fee refund.

Why Us?

INTERSHORES has been the corporate services providers since 2006 and is the award winning Corporate Services firm from the Lawyer from Lawyer Monthly in the UK.

The banking team in charge is a corporate governance professional and with credential at The Hong Kong Institute of Bankers. We have team members who were ex bankers before and know bank's appetite. INTERSHORES' team knows bank's Know-Your-Client (KYC) requirement, compiles necessary statutory documents, scruitinizes relevant business proof for you and tailors the business plan based on your business model and according to bank's requirements.

Since 2006, we have been assisting international clients to open and active accounts. Given our utmost effort, the account opening approval rate is high.

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