Offshore bank account

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					Offshore bank account

Part II: offshore bank account

About Offshore Banking

Offshore banking is a service of the financial activities of non-residents, banks absorb
the non-resident funds. Target for foreign banks (including Hong Kong, Macao and
Taiwan regions) of natural persons, legal persons (including the registration of
overseas- invested enterprises outside China), government agencies, international
organizations and other economic organizations, including the Chinese financial
institutions overseas branches. Offshore banking business currency freely convertible
currencies only. Remit funds offshore non-resident accounts, offshore account
offshore accounts and offshore funds remitted funds between accounts and transfer
free transfer. Starting from May 1989, Bank of China and China's State
Administration of Foreign Exchange approval, Merchants Bank, Bank of
Communications, Shenzhen Development Bank, Pudong Development Bank has set
up offshore bank accounts business. After several years of development, these
banking institutions to set maturing varieties growing the business to provide
diversified services to more advanced methods to provide customers with a
comprehensive, efficient and quality services.

The benefits of opening an offshore bank account

Free transfer of funds:
       Customer's offshore accounts in foreign banks is equivalent to
opening the account, offshore accounts can be free from the allocation of funds, not
subject to the domestic foreign exchange control.

   ⊙ deposit rates, species restricted:
      Deposit rate, variety from domestic regulatory restrictions, deposit interest rates
than foreign banks the same benefits, access to flexible. In particular, large deposits,
according to customer needs, in the interest rate terms are tailor- made, flexible and

  ⊙ deposit interest tax exemption:
     The Chinese government made interest on deposits offshore deposit interest tax
exempt. Net income is more substantial offshore deposits.

  ⊙ improve operational efficiency inside and outside the consolidated fund:
      Make full use of Hong Kong banks can provide foreign banks with offshore
operations while full-service features business functions, reduce the overall cost of
funds to speed up domestic and foreign cash flow, improve fund use efficiency.
  ⊙ domestic control and foreign operations:
    You can use online banking or phone banking to facilitate the daily operations

Offshore banking business types

⊙ foreign exchange deposits
 ⊙ foreign exchange loans
 ⊙ interbank foreign exchange lending
 ⊙ for International Settlements
 ⊙ large negotiable certificates of deposit issued
 ⊙ foreign exchange guarantee
 ⊙ advice, witness the business
 ⊙ approved by the State Administration of Foreign Exchange other business

Offshore accounts set up categories

⊙ dollar savings account
⊙ Foreign Currency Savings Account
⊙ Hong Kong dollar exchange account (checking account)
U.S. dollar check account ⊙
⊙ HK financial account
⊙ foreign financial account
⊙ Internet account
  ⊙ import and export letters of credit (LC)

Way to open an offshore bank account

⊙ all the directors directly to Hong Kong banks to open accounts:
       Hong Kong Banks normally require all the directors of Hong Kong companies
in person to the bank to open an account, accounts or directors if the signature is the
mainland of China to hold a Chinese passport or travel permit to Hong Kong and
Macao to open an account.

   ⊙ directors of the Company are unable to personally approach our bank account:
      As some of the directors of inconvenient to go directly to our bank account,
they can be located in the Hong Kong banking branches in China to sign the account
opening documents (commonly known as witness signature), until the sub-bank
documents to a Hong Kong head office, we then took the head office open an account.
Since these accounts are more complex, we can check before opening.

  ⊙ all the directors to the Mainland to open offshore accounts of foreign banks:
      If you do not have passports, you can go to Hong Kong banks to set up
branches in China to open offshore accounts. Account signatories and non-account
owners who signed the mainland of China can apply for identity cards.

The necessary information to open bank accounts in Hong Kong

⊙ director of identity documents (ID or passport) original
⊙ original business registration
⊙ original certificate of registration
⊙ original articles of association
⊙ Articles of Association
⊙ meeting the original
⊙ accountants signed account opening documents
⊙ cash into new accounts
⊙ banks quote rates for the original credit certificate (credit certificate shall contain:
account name, passport or identity card number, opening date, deposit amount, and
"a good record of banks from" word).

"Hong Kong companies set up offshore accounts of other non-required

Remove the above information, the call issued by the address / passport / shareholders
Tel certified accountants, and local issued CERTIFICATE OF INCUMBENCY or

Note: The above account required documents according to different requirements of
different banks.

"The opening of bank accounts business bank list

⊙ Standard Chartered Bank
 ⊙ Development Bank of Singapore
 ⊙ Hang Seng Bank
 ⊙ Huaqi Bank
 ⊙ a Bank of Taiwan and China
 ⊙ Ningbo International Bank
 ⊙ Shanghai Pudong Bank
 ⊙ Shenzhen Development Bank
 ⊙ Nanyang Commercial Bank
 ⊙ Bank of East Asia
 ⊙ China Merchants Bank