Today, it is possible to do many things from where we live. We can even have a bank account from one country to another. In this article, we will tell you how to open a bank account in Hong Kong from Sweden. The Swedish banking system is known worldwide as one of the most modern and reliable banking systems. However, unlike many countries such as these countries, you do not need to be registered in the country to open a bank account in Hong Kong from Sweden. Of course, to prevent this from being abused, Sweden and Hong Kong have extremely strict laws on banking transactions.
Of course, Hong Kong banks are primarily open for use by their own citizens and those living on a residence and/or work permit. Whether you are a paid employee, student or self-employed freelancer in Hong Kong, you can open a bank account with your residence permit, no different than a self-employed citizen. In addition, Hong Kong banks are also known for their mystery customers. This is known as one of the reasons why many wealthy businessmen from Sweden open a bank account in Hong Kong. The concept of mystery shopper allows people with large amounts of capital to open accounts in Hong Kong banks by hiding their identity information. It is also useful to underline a general misunderstanding here. Even if you don’t live in Hong Kong, you don’t have to be a millionaire to open an account with Hong Kong banks. Users from different income groups and non-residents of Hong Kong can also have a bank account here. However, it should be noted that in this case, there may be extra documents requested by the banks and you may need to deposit a certain amount.
While the Hong Kong banking system opens its doors to everyone, whether they are citizens of their own country or not, they do not neglect security measures. Therefore, it would be wrong to say that opening a bank account in Hong Kong is in a way a very easy process. Both individual and commercial users have to submit many documents at the stage of opening an account in order to prevent possible tax evasion or money laundering. In fact, doing this from another country, that is, from Sweden, can complicate the situation a bit. However, it is not as difficult as you might think. It is extremely important to be transparent about your financial transaction history when opening a bank account in Hong Kong from Sweden. To open a bank account in Hong Kong, as in many countries, you must have the following documents:
– Passport: The original passport of the country you hold is preferred.
– Proof of residence address: You can use the contract of your residence or a utility bill (water, electricity, natural gas) on which your name is printed. Telephone bills are generally not accepted.
– Income statement: The employment contract you signed with your workplace or your salary account statement is sufficient. If you work as a freelancer, you will need the address of your site and other documents to prove that you are self-employed.
In addition to these documents, it is useful to be prepared to answer the questions that will be asked of you, from what purpose you will use the account you will open to what kind of money transfers you will make. You may also be required to prove that the amount of money entering and leaving your account at any time after you start using your account has been legally earned. If you wish to open a business account, the procedures to follow will vary depending on what you do and whether you have any political roles. To open a bank account in Hong Kong, you usually need to go to a bank branch. But we live in the age of technology and it is now possible to open a bank account in Hong Kong while living in another country. The mobile application or internet banking of the bank you want to open an account with will be sufficient for you. You can make many different transactions from Sweden with your bank account in Hong Kong. For example; money transfer, withdrawal, shopping, online shopping, etc. However, if you want to withdraw money from ATM or bank services from your Hong Kong bank account in your country, you may be charged a commission fee. This is not the case with all banks, but in many, transacting from another country requires you to pay some transaction fees. Also, you do not need to be a Hong Kong resident or have a residence permit to open a bank account in Hong Kong from Sweden.