Legal analysis: the branch has an account opening license. The following depositors can apply to open a basic account: an enterprise legal person; An independent accounting unit within an enterprise as a legal person; The financial department in charge of budgetary funds and extra-budgetary funds; Administrative and public institutions that implement financial budget management (independent financial accounting); Social groups; Foreign permanent institutions, self-employed households and private enterprises; Legal service office; Religious organizations permitted by national laws. The company needs business license, code certificate, tax registration certificate, basic account account opening permit (basic account has been opened), copy of legal person ID card (front and back), legal person power of attorney (original, authorizing you to open a bank account), account opening application form (required for settlement), official seal, financial seal and legal person name seal, and fill in the account opening application form at the bank. If it is basic account, it will take 5 working days for the People's Bank of China to review.
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.