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An offshore account is equivalent to a bank account opened abroad, which can freely transfer funds from the offshore account and is not subject to domestic foreign exchange control.
Compared with similar deposits of domestic and foreign banks, the interest rate is preferential and the deposit and withdrawal is flexible, especially for large deposits.
The Chinese government is exempt from deposit interest tax on the interest on deposits and withdrawals from offshore accounts.
Provide all-round service features of onshore business with overseas banking functions, reduce the comprehensive cost of capital, speed up capital turnover at home and abroad, and improve the efficiency of capital use.
No cash can be deposited into the offshore account. The foreign exchange received from the offshore account belongs to the income of the overseas company rather than the income of your domestic company.
Many of the world's famous wealth management companies, fund accounts are stationed here.
Very similar to London, many Chinese enterprises set up offshore companies there to open accounts. Recently, they are especially praised by European and American companies, because Hong Kong's confidentiality is better than London's.
The oldest and most developed capital market, offshore account and onshore account consolidation operation. Many Chinese enterprises set up offshore companies there to open accounts, especially by European and American companies.
Pure offshore type of financial center, good confidentiality, but not necessarily under the letter of credit services.
The oldest and most developed capital market, offshore account and onshore account consolidation operation.
Located in the European continent, big countries have few small resources, attracting hot money is a main way for them to make profits.
Hong Kong's capital import and export are not regulated, while the offshore account is an account opened by a foreign bank in China and supervised by the Chinese financial regulatory authority. Cash cannot be deposited in an offshore account. The offshore account can be opened by the mainland ID card holder, while the Hong Kong local account requires the holder of passport or pass. Hong Kong has a full range of local accounts, while offshore accounts are limited in some functions.
All shareholders and directors must attend the bank account opening procedures, but some banks have different requirements for shareholders to attend. The company shall bring the company registration documents and go through the account opening procedures at the bank. You can also choose to open an account in Hong Kong or in a foreign bank in China.