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The four classes of documents
Four classes of documents
(See table.) A complete file is only the threshold for acceptance; what the bank actually tests is whether the business, the source of funds and the ultimate controllers are clearly explainable.
The four classes of account-opening documents
| Class | Typical documents |
|---|---|
| Corporate identity | CI, BR, articles, NAR1 |
| Financial | Audited or management accounts, business plan |
| People | Director and ≥10% shareholder ID, address proof, source-of-wealth |
| Business evidence | Customer/supplier contracts, invoices, logistics records, ownership chart |
FAQ
Yes, with preparation. The decision is the bank’s, on its own KYC/AML standards (AML Ordinance Cap 615 and HKMA guidance). Documents fall into four classes: corporate identity (CI, BR, articles, NAR1); financial (audited or management accounts, business plan); people (director and ≥10% shareholder ID, address proof, source-of-wealth); and business evidence (contracts, invoices, logistics records, ownership chart). Offshore structures, politically exposed controllers, higher-risk sectors and high-frequency cross-border flows trigger enhanced due diligence. No one can guarantee approval, and the account still requires periodic KYC refreshes after opening.
Case-specific decisions differ — book a consultation with our advisers.
The content of this page is general professional information and does not constitute tax, legal or investment advice. For specific cases, please consult a Hong Kong practising accountant or tax adviser, or refer to official publications of the IRD / SFC / HKMA / CR.