Russian
English
Cost of account opening
от 1450 EUR
General information
Name
DBS Bank
Country
Hong Kong
Official web-site
https://www.dbs.com.hk/index/default.page
Bank history
Singapore’s DBS bank acquired 10% of shares of Honk Kong’s Wing Lung Bank in 1992 but there was no further expansion. DBS Bank became fully operational in HK in 1999 when it purchased local Kwong On Bank (est. 1935). In 2001, DBS Bank acquired Guoco Groups’s Honk Kong shares - Dao Heng Bank and Overseas Trust Bank. Dao Heng Bank was founded in HK in 1921. In 1989, it has acquired Hang Lung Bank and Overseas trust Bank in 1993.
Country Rating
4
Founding date
1999
Account Opening Terms
Recommendations
Required
Description of activity
Detailed
Account type
Corporate and personal.
Required documents
Travelling passport; proof of address; residence permit or temporary registration in English; bank recommendation letter; business plan/aims; documents proving existince of business company; any additional documents required
Minimum balance
881
Limit of transfers (per month)
Transactions above 50 000USD have to be clearly explained to the bank, otherwise it can freeze accounts and report to authorities.
Initial founding fee
2026
Account opening nuances
Depending on type of business, the bank demands extra doc-s not included in standard package. All doc-s must be in English (if not, they can be officialy translated in English). Should have good knowledge of English or Chinese (no translators)
Account opening, possibility
Average
Cost and nuances of account maintenance
Translation cost
from 0,5 HK$
Enrollment fees
from 0,5 HK$
Account maintenance cost
None
