Day: July 10, 2020

A Walk In Wardrobe For Your Dream Home

A walk in wardrobe is a spacious area for individuals who have a great deal of clothes and accessories. One such famous person who required a colossal walk in wardrobe was Imelda Marcos, simply because she probably had perhaps the biggest assortment of shoes of all time.  In any case, many individuals currently own these beautiful wardrobes or closets as they are known. Never again are they the sole properties of the super rich, as featured in many films and TV programs, Cribs the show about the super homes of the rich and famous being just one of them.

So What Is A Walk In Wardrobe?

It is a closet that has sufficient space inside that a person can literally walk in, select what to wear and simply walk out again. It can serve as storage space to keep towels, blankets, shoes and of course clothes. In fact anything that requires storage and needs space to store accessories to a person’s clothes such as ties, scarves, braces and pendants, cufflinks and so on.

The beauty of these practical wardrobes is that they can also serve as small private and secure rooms to get your expensive clothes far from different members of the household who may take delight in borrowing your designer pieces and not returning them, this could be your daughter or son for instance. You would need to secure your wardrobe with the appropriate locks.

What Are The Pros And Cons Of A Walk In Wardrobe?

The thing especially going for this sort of furniture is the extra access it provides for you to select your clothes, and of course you have so much display space that your clothes can always be kept neatly stored and fresh to wear.

The downside is of course, the large space that is required to have one fitted, you may need to decrease room space, or even have extensive building work carried out in request to have one fitted, plus the cost of having the wardrobe manufactured can be also over the top expensive.

I think in the event that you have the space and of course the cash to do it, it would be a fantastic addition to any house and of course a great selling point to a potential purchaser in the event that you at any point wanted to sell your property, if anyway you just have a walk in wardrobe for yourself, you may find your son or daughter wanting one too.

Instructions to Setup Hong Kong Bank Accounts

Opening a bank account in Hong Kong is relatively easy in the event that you have all the correct documentation. You do not need to be resident or have a work visa to open a bank account. You may choose to open a corporate account for personal protection or business reasons, however that will require more documentation and time than opening a personal account. Overall though, setting up a bank account in Hong Kong for personal or business use is a simple process.

Personal Accounts

To open a personal account you should provide proof of your address. In the event that you reside in Hong Kong you need proof of your residential location, as an utility bill and an Identity Card or other official ID. Non residents need to provide a passport or other official type of ID and proof of their address in their home country. Often the bank will then mail a letter to the address you provide which you then show to the bank when you open the account.

In the event that you choose an international bank you can open a personal account with an international bank that has offices locally and in your country of residence. On the off chance that you choose a nearby company bank account opening you will ordinarily be required to be genuinely present to open an account.

Corporate Accounts

To open a corporate bank account most banks will require private limited companies and offshore companies to submit the following documents and information:

  • A board resolution authorizing and approving the opening of a bank account and an account application completed and signed as authorized in the resolution.
  • Certified copies of the business’ Certificate of Incorporation, issued by the Hong Kong Companies Registry, Business Registration Certificate, issued by the Hong Kong Inland Revenue Department, and the business’ Articles of Association (MAA)
  • A declaration including the personal information for the company directors and principal shareholders owning 10% or more of the company, including beneficial owners, and for each director and principal shareholder and authorized signatory
  • An H.K. identity card or passport
  • Proof of residence
  • Sample signatures of the authorized signatories and a bank reference letter
  • A certified organization graph showing the percentage of shares held by each shareholder and beneficial owner of the company
  • If ultimate beneficiaries are trusts a certified copy of the trust deed with identification information for the trustees, settlers and beneficiaries
  • Audited financial statements if an ongoing business or a business plan if a new business
  • Offshore companies will need a Certificate of Incumbency and Certificate of Good Standing.

Hong Kong banks commonly require the account signatories, principal directors and shareholders to be present at the time the corporate bank account is opened. However, banks with overseas offices may open a corporate bank account at one the bank’s overseas branches and click https://www.edwardlaucpa.com/en/.