Can a branch open basic deposit account?

Legal analysis: branches can open basic deposit account with the consent of the Head Office. Because the branch is not an independent legal person and cannot bear civil liability independently, the opening of basic deposit account must be approved by the Head Office.

Legal basis: Branch companies can be established in Article 14 of People's Republic of China (PRC) Company Law. The establishment of a branch company shall apply to the company registration authority for registration and obtain a business license. A branch company does not have legal person status, and its civil liability shall be borne by the company.

A company may set up subsidiaries, which have legal personality and independently bear civil liabilities according to law.