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Account Opening Procedures

Customers who are interested in opening a Shanghai Commercial Bank account should bring the following documents to one of our branches during office hours.

Sole Proprietorship

Documents required for sole proprietors and authorized signatories:

  1. Valid Business Registration Certificate
  2. Identification documents of the sole proprietor and all authorized signatories
  3. Company Chop

Partnership

Documents required for all partners or beneficial owners and authorized signatories:

  1. Valid Business Registration Certificate
  2. Identification documents of all beneficial owners^ and authorized signatories
  3. Company Chop
^A beneficial owner in relation to a partnership is defined as an individual who (a) is entitled to or controls, directly or indirectly, more than a 25% share of the capital or profits of the partnership; (b) is, directly or indirectly, entitled to exercise or control the exercise of more than 25% of the voting rights in the partnership; or (c) exercises ultimate control over the management of the partnership, or if the partnership is acting on behalf of another person, means the other person.

 

Limited Company Incorporated in Hong Kong

Documents required for company directors and authorized signatories:

  1. Certificate of Incorporation and subsequent Certificate of Change of Name (if applicable)
  2. Valid Business Registration Certificate
  3. Memorandum of Association and Articles of Association / Articles of Association
  4. Latest Notice of Change of Company Secretary and Director (Appointment/Cessation) (Form D2A / ND2A) and/or Instrument of Transfer (if applicable)
  5. Certified Copy of Minutes of the Meeting Regulating the Conduct of the Bank Account OR Certified Extract of Minutes of Resolutions (The Bank Form)
  6. Director's declaration incorporating or annexing an ownership chart describing the intermediate layers, including the company name and place of incorporation, to the beneficial owners (applicable to multiple layer company)
  7. Identification documents of beneficial owners^, authorized signatories and directors
  8. Company Chop
^A beneficial owner in relation to a corporation is defined as an individual who (a) owns or controls, directly or indirectly, including through a trust or bearer share holding, more than 25% of the issued share capital of the corporation; (b) is, directly or indirectly, entitled to exercise or control the exercise of more than 25% of the voting rights at general meetings of the corporation; or (c) exercises ultimate control over the management of the corporation, or if the corporation is acting on behalf of another person, means the other person.

 

Limited Company Incorporated in Overseas

Documents required for company directors and authorized signatories:

  1. Certificate of Incorporation and subsequent Certificate of Change of Name (if applicable)
  2. Certificate of Registration of Overseas Company (For an offshore company carrying on business in Hong Kong)
  3. Valid Business Registration Certificate (For an offshore company carrying on business in Hong Kong)
  4. Memorandum of Association and Articles of Association / Articles of Association
  5. Certificate of Incumbency issued within last 6 months by Registered Agent / Official Company Search Report issued within last 6 months in country of incorporation
  6. Director's declaration incorporating or annexing an ownership chart describing the intermediate layers, including the company and place of incorporation, to the beneficial owners (applicable to multiple layer company)
  7. Certified Copy of Minutes of the Meeting Regulating the Conduct of the Bank Account OR Certified Extract of Minutes of Resolutions (The Bank Form)
  8. Identification documents of beneficial owners^, authorized signatories and directors
  9. Company Chop
^A beneficial owner in relation to a corporation is defined as an individual who (a) owns or controls, directly or indirectly, including through a trust or bearer share holding, more than 25% of the issued share capital of the corporation; (b) is, directly or indirectly, entitled to exercise or control the exercise of more than 25% of the voting rights at general meetings of the corporation; or (c) exercises ultimate control over the management of the corporation, or if the corporation is acting on behalf of another person, means the other person.

 

Owners' Corporation

Documents required for Owners' Corporation members and authorized signatories:

  1. Certificate of Registration from Land Registry
  2. Regulations (If any)
  3. Applications of Registration of Owners’ Corporation and/ or subsequent notice of change of particulars of office bearers of its management committee
  4. Certified copy of minutes of the meeting regulating the conduct of the bank account OR Certified Extract of Minutes of Resolutions
  5. Identification Document of all Chairman / Treasurer / Authorized Signatory(ies) / Other Quorum Members
  6. Society Chop


Important Notice:
Customers will need to fill in and sign relevant account opening documents during the account opening process. Apart from the documents listed above, the Bank may request the customer to provide further information and documents for account opening, if necessary.
 

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