ABSCPA - Hong Kong Company Incorporation, Offshore Company Formation

If client is in need of receiving L/C payment or going to pay by L/C, a trade account with HSBC is required. This can be done right after opening of cash management account.

Please note that :

• Extra bank charges is required for opening of trade account;
• Client needs to provide sample trade documents (trade agreement, invoices etc) in opening of trade account;

Client should note that as a new client to the bank, it is common for banks to ask for 100% cash / property security to issue L/C.