Question 2: Do I need to register an offshore company to open offshore account? Yes, start an offshore company first, and then start a business in offshore account. An offshore company refers to a business organization registered in an offshore location or offshore center, but not operating locally. Offshore companies have many choices. For details, please consult Ruifeng Deyong.
Question 3: How do individuals set up offshore account in Hong Kong? An account opened in an individual's name belongs to an individual foreign currency account and cannot be opened in offshore account. Personal foreign currency accounts can be opened in Hongkong or Chinese mainland. I can open an account in the bank directly with my ID card. You can consult Ruifeng Deyong in this regard.
Question 4: What is offshore account, and how to handle offshore account offshore account? It refers to the account opened by a Hong Kong company or other overseas companies in a bank other than the place of registration. For example, after the company is established in Hong Kong, it plans to open accounts in banks in Shenzhen, Shanghai, Beijing, Malaysia and the United States. This is the so-called offshore account.
Offshore account is the most important tool for offshore companies. Offshore account has the following advantages:
1) is not subject to foreign exchange control and funds are freely allocated.
In international trade, whether it is import or export, the free receipt and payment of foreign exchange is very important.
Offshore account is equivalent to an account opened in an overseas bank, not a local account in China. You can freely transfer funds from offshore account, which is not restricted by the laws of China, and is not managed by the Banking Regulatory Bureau and the State Administration of Foreign Exchange.
2) Flexible use of foreign exchange
For example, if you have an offshore company account with foreign currency in it, then when you make a purchase payment to a trading partner, the funds can be directly transferred from the offshore company's foreign currency account, without using RMB to purchase foreign exchange according to the central parity of the Bank of China. This can avoid the loss of exchange difference and save the examination and approval time of each foreign exchange. At the same time, it will not be affected by changes in domestic foreign exchange policies.
3) Solve the problem of collecting commission or collecting and paying on behalf of others.
Many customers use offshore companies to set up offshore account, in order to solve the problem that enterprises or individuals (SOHO) collect commissions or collect and pay on their behalf. Taking advantage of offshore account's nature as offshore account, it is more convenient to control funds by evading domestic foreign exchange control.
4) Exemption from deposit interest tax
China * * * is exempt from deposit interest tax on the interest of offshore deposits. The actual net income of offshore deposits is even more impressive.
5) facilitate the international settlement of enterprises
Since offshore account is not regulated by domestic laws and regulations, customers can live in the mainland of China to handle all settlement business and fund remittance business of overseas companies at home and abroad, thus reducing operating costs and improving the efficiency of fund use.
6) Domestic control and overseas operation of the account, including daily wire transfer and transfer, can be operated online.
5. Promote international trade and avoid tariff barriers.
For details, please consult Hong Kong Yongxing Certified Public Accountants.
Question 5: How to register offshore account? What are the conditions? What is offshore account? Offshore account opened an offshore bank account in the name of an offshore company. For example, if a mainland company is registered in Hong Kong, its account with HSBC in the name of a Hong Kong company is 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 this account is the offshore account of the Hong Kong company.
What are the requirements for registering in offshore account? You must have an offshore company to register in offshore account, which is a major premise. Then you need to show your registration certificate to register in offshore account; Business registration certificate; * * * Company formation form NC 1 file/annual declaration form AR 1 file (if there is any information change after registration or annual review, it should also be brought); The original English Articles of Association of the Company is1; Company signature and seal; Valid ID cards/passports of all directors, and Hong Kong and Macao passes are required to open accounts in Hong Kong; Address certificates, work certificates and company business contracts of directors and shareholders. When opening an account, you can choose to open an account in Hong Kong in person or by video.
You need to pay attention to choosing a video account. Generally, it takes only 3-5 working days to complete the audit in person in Hong Kong, while it takes more than half a month to open an account for video, and it needs to be carried out in a designated city, and there is an extra charge.
Finally, the question of choosing a bank. If you set up a local account in Hong Kong, it is recommended to open an account with HSBC, because HSBC.
As we all know, opening offshore account can make enterprises more flexible, which is especially important when enterprises expand overseas markets. Offshore account can freely allocate funds, there is no foreign exchange control, and interest rates are flexible.
-Bai Sheng International
Question 6: How to open an account in offshore account? 10, offshore account can open accounts in banks such as Shanghai Pudong Development Bank, Bank of Communications, China Merchants Bank, HSBC, Standard Chartered Bank and East Asia-the key is which banks are there in your city?
Banks generally open accounts in settlement accounts without any capital requirements, including offshore account.
Offshore account can't account in private name, and certainly can't accept personal (private) cash account. That is, it must be the capital transfer of the enterprise (whether in China or abroad).
Question 7: Which domestic banks can open offshore account? What are the requirements? Many domestic banks have set up offshore account, which is divided into foreign banks and domestic banks. Foreign banks such as HSBC, Standard Chartered, East Asia, Huaqi and Xingye. The domestic banks are mainly China Merchants, Transportation, Ping An (Shenzhen Development Bank) and Shanghai Pudong Development Bank.
Which one to choose depends on your needs, as well as the way of fund settlement, and the conditions and time of opening an account are similar.
I don't know if you are satisfied, but you can contact me if you have any questions.
Question 8: Can a domestic individual open a offshore account? No, offshore account refers to the bank where depositors open accounts outside the country of financial residence. On the contrary, banks located in the country where depositors are located are called onshore banks or domestic banks.
Offshore account is also called OSA account, and the accounts opened by overseas institutions in the offshore business department of domestic banks that have obtained offshore bank qualification according to law belong to overseas accounts; Offshore account only opens accounts for companies, not personal accounts. Compared with NRA accounts, offshore account is less subject to foreign exchange control. From the perspective of capital security, offshore account is safer and the supervision of the State Administration of Foreign Exchange is not so strict.
Question 9: How to open a offshore account At present, almost all domestic banks open offshore account as entity companies. If you want to open it, you can only choose banks such as HSBC, Hang Seng and East Asia in Hong Kong. Ask specifically what information the agent of your company needs to prepare. You can also consult the NRA accounts of local CCB, ABC and Postal Service, but the NRA accounts are too restrictive and inconvenient to use.