Applications may need further explanation of ownership, business activity, source of funds or expected transactions. Prepare the relevant evidence and confirm eligibility and verification arrangements with the provider.
Questions to prepare for
- Ownership and control: explain each entity and identify the people ultimately involved, with supporting corporate records.
- Business activity: provide contracts, invoices, a business plan or other evidence appropriate to the stage of the business.
- Source of funds: show where opening and operating funds come from. Source of wealth is a different question about how a person's overall wealth was accumulated.
- Transactions: explain expected currencies, amounts, counterparties and countries.
- Verification: confirm who needs to be verified, where they are based and which certification or interview methods are accepted.
A physical Hong Kong office or local customers are not universal approval conditions. Explain the actual operating arrangements. Enhanced review depends on the facts and provider policy; businesses within the same broad sector may have different profiles.
IMSG's role
We can provide company records and certified company documents within the agreed scope. Broader application support and follow-up are separately agreed. Approval, restrictions and timing remain with the provider. The full bank guide gives a more detailed checklist.