2. Improve the comprehensive operation efficiency of domestic and foreign funds: We can make full use of the full-service characteristics of banks that can provide onshore business and have the functions of overseas banks, reduce the comprehensive cost of funds, speed up the turnover of domestic and foreign funds, and improve the efficiency of fund use.
3. Domestic control and overseas operation: Generally, after opening an account successfully in offshore account, corresponding online banking operators will be assigned. The account owner can operate offshore account through online banking, and can operate bank accounts anywhere in the world in real time.
4. Offshore banks are located in countries or regions with low tax rates, so they can be used as tax planning places.
5. The countries where offshore banks are located have stricter requirements for protecting depositors' privacy.
6. In the case of political or economic instability in the country where the depositor is located, it can play a role in protecting deposits.
What do I need to prepare to open an offshore bank account? Through long-term cooperation experience with major international banks, Bailey compiled a list of information that all banks usually require account holders to provide:
1, original company registration certificate;
2. Original work certificate within six months.
Note: If the account opening company is a Hong Kong company, only the form NNC 1 is required;
3. Original Articles of Association (Memorandum &; Articles of association);
4. Original passport: the authorized signatory+director+shareholder of the company account must provide the original passport;
5. Proof of address: you can use Chinese ID card or private bank account bill (valid for 3 months);
6. business certification materials: a. bill of lading (trade business); B. Purchase and sale contracts (which can be intentional contracts); C. documents+invoices+receipts; D. Agreement contract (which can be intentional contract); D supplier information (such as supplier list and relevant contract agreements); E. top ten customers.
Note: If the offshore company is a newly established entity, the account holder needs to provide the certification materials of relevant affiliated companies. Such as: the shareholder's share participation, the certificate of actual control of the existing company, the operating status, the company's bank flow, the copy of the signed contract and other information.
7. Business plan: It is necessary to specify the company's future development plan, investment scale and expected operation.
How to improve the success rate of offshore bank account opening 1 When setting up offshore companies, professional institutions are needed for guidance. For example, try not to register sensitive industries and use sensitive company names, such as "funds, blockchain, virtual currency, foreign exchange, futures, gambling games" and other industries and words.
2. When choosing investors of offshore companies, we can't simply choose individuals as shareholders for convenience, but we need to evaluate investors. For example, try to choose investors with existing corporate business or development potential as shareholders of offshore companies, so as to provide perfect business certification materials and reasonable business plans when preparing account opening documents.
3. Avoid making an appointment to open an account with incomplete information. Under normal circumstances, if the account opening information is incomplete, we will advise the account holder not to make an appointment to open an account at the bank, because many account holders can't provide valid documents required by the bank, which eventually leads to the extension of the application time and even the inability to open an account. Moreover, if the account holder has a record of unsuccessful account opening, it will be more difficult for the account holder to open an account in other banks in the future.
4. Failing to answer the account manager's questions reasonably and perfectly when opening an account. When banks conduct due diligence "KYC" account opening, they often ask the account holder to answer many professional questions, such as the purpose of opening an account, the source of funds, the nationality of major customers, future development plans, etc., and even check the business contracts and bank flow provided by customers with the account holder one by one. If the account holder doesn't get the guidance of professional institutions or make perfect preparations before opening an account, it may make the bank think that he has provided false documents or the business plan is unclear, which may lead to the final failure of opening an account.
5. When the bank witnesses the account opening, try to choose directors with strong business ability, strong communication ability and senior industry background to witness the account opening, so that it is easier to clearly state the actual operation of the company and the business development plan after opening the account, and enhance the trust and confidence of the bank in opening the account.
6. Try to choose professional institutions to provide bank account opening guidance and appointment account opening services. If the account holder makes an appointment to open an account by himself, there will often be insufficient preparation of account opening documents and ignorance of the bank account opening qualification examination system, which will lead to repeated applications for account opening but failed to pass, leaving a record of unsuccessful account opening. There are even cases where some customers don't know the rules of bank account opening, and purchase unnecessary overseas wealth management and insurance products according to the requirements of individual bank account opening managers, but ultimately fail to open an account successfully.