Question 1: How to register an offshore account 1. An offshore account refers to an account opened in an overseas bank. Customers can freely allocate funds from the offshore account without being subject to the foreign exchange control of their home country~ As long as the bank customer discloses the information of the offshore account and pays taxes according to personal income, it is legal to hold an offshore bank account ~ 4. Funds are remitted to offshore accounts, funds from offshore accounts are remitted to overseas accounts and offshore Funds between accounts can be transferred and transferred freely. The role of offshore accounts is the freedom to allocate funds: A customer's offshore account is equivalent to an account opened in an overseas bank. Funds can be freely allocated from the offshore account and are not subject to domestic foreign exchange controls. Deposit interest rates and varieties are not restricted: Deposit interest rates and varieties are not subject to domestic regulatory restrictions, and are more favorable than similar deposit rates in overseas banks, and deposits and withdrawals are flexible; especially for large deposits, interest rates, terms, etc. can be customized according to customer needs. Do it, flexible and convenient. Exemption from deposit interest tax: China *** Interest earned from offshore deposits is exempt from deposit interest tax. The actual net income from offshore deposits is even more substantial. Improve the comprehensive operation efficiency of domestic and overseas funds: You can make full use of the bank's all-round service characteristics of providing onshore business and overseas banking functions to reduce the comprehensive cost of funds, speed up the turnover of domestic and overseas funds, and improve the efficiency of fund use. Domestic control and overseas operation: Offshore accounts can be operated through online banking. Differences from Hong Kong local accounts ***Same points: ▲1- There is no limit on the amount of foreign exchange received and paid

Question 2: Do I have to register an offshore company to open an offshore account? Yes, you must first open an offshore company before you can open an offshore account. An offshore company refers to a business organization registered in an offshore place or offshore center but does not operate locally. There are many choices for offshore companies. Specifically, You can consult Ruifeng Deyong.

Question 3: How do individuals open offshore accounts in Hong Kong? The account opened in the name of an individual is a personal foreign currency account and cannot be opened as an offshore account. Personal foreign currency accounts can be opened in Hong Kong or mainland China. You can open an account by visiting the bank directly with your ID card. In this regard, you can consult Ruifeng Deyong.

Question 4: What is an offshore account and how to apply for an offshore account? Offshore accounts refer to Hong Kong companies or other overseas companies that are opened in banks outside the registration area. For example, after establishing a company in Hong Kong, you plan to open accounts in banks in Shenzhen, Shanghai, Beijing, Malaysia, the United States, etc. This is called an offshore account.

Offshore accounts are the most important tool for operating offshore companies. Offshore accounts mainly have the following advantages:

1) Not subject to domestic and foreign exchange controls, free capital allocation

When doing international trade, whether it is importing or exporting, the free receipt and payment of foreign exchange is crucial.

An offshore account is equivalent to an account opened in an overseas bank, rather than a domestic account in China. Funds can be transferred freely from the offshore account without being restricted by Chinese laws or by the Banking Regulatory Bureau and the Bank of China. Administration of Foreign Exchange.

2) Flexible use of foreign exchange

Example Assume that your offshore company has an account with foreign currency in it. Then when you purchase goods and pay for your trading partner, the funds can be transferred directly from the offshore company. The company's foreign currency account is transferred to the company, and there is no need to use RMB to purchase foreign exchange at the central parity rate of the Bank of China. This can avoid exchange loss and save time for exchange approval. At the same time, it will not be affected by changes in domestic foreign exchange policies.

3) Solve the problem of commission collection or collection and payment

Many customers use offshore companies to open offshore accounts to solve the problem of corporate or individual (SOHO) charging commissions, or collection and payment. The issue of payment. Utilize the characteristics of offshore accounts as overseas accounts to avoid domestic foreign exchange controls and control funds more conveniently.

4) Exemption from deposit interest tax

China *** Deposit interest tax is exempted from interest on offshore deposits. The actual net income from offshore deposits is even more substantial.

5) Convenient corporate international settlement

Since offshore accounts are not subject to domestic laws and regulations, customers can handle all domestic and overseas settlement business and funds of overseas companies in mainland China. Consolidate business to reduce operating costs and improve capital efficiency.

6) Domestic control, overseas operation Accounts, including daily wire transfers, transfers and other tasks can be operated online.

5. Facilitate international trade and avoid tariff barriers

For details, please consult Hong Kong Wing Hing Accountants

Question 5: How to register an offshore account? What are the conditions? What is an offshore account? An offshore account is an overseas bank account opened in the name of an offshore company. For example, if a mainland company registers a company in Hong Kong, then the account it opens at HSBC in the name of the Hong Kong company is an offshore account. On the other hand, if a Hong Kong company registers a company in the mainland and opens an account in a mainland bank, then the account N is the offshore account of the Hong Kong company.

What are the conditions for registering an offshore account? It is a prerequisite that you must have an offshore company to register an offshore account. Then when registering an offshore account, you need to present the registration certificate; business registration certificate; *** NC1 file of the corporate establishment form / AR1 file of the annual return (if there are any changes in information after registration or annual review, you must also bring it with you); One original copy of the company's articles of incorporation in English; the company's signature seal; valid ID cards/passports of each director. If you need to bring a Hong Kong and Macao pass when opening an account in Hong Kong; address certificates, work certificates of directors and shareholders, and company business contracts. When opening an account, you can choose to open an account in Hong Kong in person or by video.

Those who choose to open a video account need to pay attention. Generally, it only takes 3-5 working days to complete the review when opening an account in Hong Kong, while opening a video account requires more than half a month of review time, and it must be done in a designated If carried out by the city, additional fees will apply.

The last thing is to choose a bank. If you are setting up a local account in Hong Kong, it is recommended to open an account at HSBC, because HSBC.

As we all know, opening offshore accounts can allow companies to operate more flexibly, which is especially important when companies are expanding overseas markets. Offshore accounts can allocate funds freely, have no foreign exchange controls, and have flexible interest rates, etc.

―― Baisheng International

Question 6: How to open an offshore account 10 Offshore accounts can be opened at Shanghai Pudong Development Bank, Bank of Communications, China Merchants Bank, HSBC, Standard Chartered, East Asia and other banks—— The key is what banks are there in your city?

Opening a general bank settlement account does not require any capital requirements, including offshore accounts.

Offshore accounts cannot be credited in the name of a private person, and of course they cannot accept personal (private) cash payments. That is, it must be the transfer of funds from the enterprise (whether domestic or overseas).

Question 7: Which banks in China can open offshore accounts? What are the requirements? There are many domestic banks that open offshore accounts, which are divided into foreign banks and domestic banks. Foreign banks such as HSBC, Standard Chartered, East Asia, Huaqi, Société Générale, etc., while domestic banks are mainly China Merchants Bank, Communications, and Ping An (Shenzhen). Development) and Shanghai Pudong Development

Which one you choose depends on your needs, as well as the fund settlement method, account opening conditions and time.

I don’t know if you will be satisfied. , if you have any questions, please contact me

Question 8: Can domestic individuals open offshore accounts? No, offshore accounts in finance refer to banks where depositors open accounts outside their country of residence. In contrast, banks located in the country where the depositor resides are called onshore banks or onshore banks.

Offshore accounts are also called OSA accounts. Accounts opened by overseas institutions in the offshore business departments of domestic banks that have obtained offshore banking business qualifications in accordance with the law are offshore accounts; offshore accounts are only for companies. Account opening, individual account opening is not supported.

Compared with NRA accounts, offshore accounts are less subject to foreign exchange controls. From the perspective of fund security, offshore accounts are safer and are less strictly regulated by the State Administration of Foreign Exchange.

Question 9: How to open an offshore account? Nowadays, opening an offshore account in a domestic bank basically requires a physical company. If you want to open one, you can only choose banks such as HSBC, Hang Seng, and East Asia in Hong Kong. Please ask for specific questions. What information should be prepared by the agent who registers your company, or you can consult the local NRA accounts of China Construction Bank, Agricultural Bank of China, Postal Service, etc. However, NRA accounts have many restrictions and are inconvenient to use