Do I need an offshore company business license to open an offshore company account?

When investors need to invest, they must have corresponding accounts before they can make corresponding investments. There is no doubt that both domestic and foreign investors basically need to open an account in order to conduct corresponding transactions and participation.

I. offshore account

Offshore companies generally refer to limited liability companies and joint stock limited companies established in the offshore legal field according to their laws and regulations on offshore companies. Among them, natural persons, legal persons, government agencies, international organizations and other economic organizations in offshore account are generally overseas, including overseas assets institutions of Chinese-funded financial institutions, but excluding overseas representative offices and offices of domestic institutions. The accounts opened by the offshore banking department of domestic banks are all overseas accounts that have obtained the qualification of offshore bank according to the regulations. Generally speaking, offshore account is less regulated than NRA accounts. But from the perspective of capital security, offshore account is safer, because the supervision of the State Administration of Foreign Exchange is not so strict.

Second, the advantages and disadvantages of offshore account

Offshore account has its advantages, the most important of which is the free allocation of funds and the unlimited variety of deposit interest rates, as well as the advantages of exempting deposit interest tax, increasing domestic and foreign funds, comprehensive business dealings, and domestic manipulation of overseas operations. Of course, offshore account also has its drawbacks, including places where offshore banks are often used by criminals to launder money. Sometimes, residents are encouraged to avoid taxes and evade taxes. Even if they are not here, depositors in their places may be inconvenient to serve. Moreover, the starting point of offshore account opening is generally relatively high, so it can only be used for people with higher income.

Third, do you need a business license to open offshore account?

Offshore account is a reliable person, but because offshore account's foreign control is not very strict, sometimes it can be handled without a business license, but what if the control mechanism is stricter? There is no doubt that a business license for a bank account is needed. After all, a business license is one of the necessary conditions for opening an account in offshore account. Most countries basically need a business license, and it is impossible to start business without it.