Most CMS clients who purchase an offshore company also need banking and investment services to enjoy the full benefits of going “offshore”. CMS provides a full range of banking and investment services through its affiliates in various countries. We are able to handle the entire account opening process for you so you do not need to visit the bank or investment company in person. Depending on the bank selected, credit cards and/or debit cards are available, together with ATM cards, telephone banking and internet banking services. We can assist you with offshore banking in Hong Kong, Europe, Isle of Man, Seychelles, Mauritius, the Caribbean and Central America.

Establishing an offshore bank account is not a simple matter and some offshore and international banks may take more than one month to open a bank account from receipt of the completed documents. Upon understanding your business objectives and personal requirements our consultants will be happy to advise you on a suitable bank and bank account to meet your specific needs.

Please note that CMS only offers assistance with opening corporate accounts for companies under our management.

It is widely acknowledged that Hong Kong may soon become the Switzerland of the Far East, this is due to its power and status of a special economic zone in the world’s most populous nation. The territory has also benefited from the recent clampdown by the EU and the OECD on tax havens with many wealthy account holders shifting funds towards Asia. Hong Kong is one of the only offshore banking centres which will not be subject to “automatic exchange of information”, under the new EU directive on withholding tax for savings accounts which will affect not only the EU Member States but "all territories under their control", Switzerland and the USA.

If you are trading internationally, the banks we recommend in Hong Kong offer unique Multi Currency accounts, which allow you to receive and remit funds in over 8 major foreign currencies, including US Dollar, EURO, Sterling, Australian Dollar, Canadian Dollar, Japanese Yen, Singapore Dollar and many more. For your convenience, the bank will allocate you ONLY One Account Number but the different currencies will be held in sub accounts under this one account number.

Please contact us for further information.