Conditions for opening an account in offshore account:
1. Application for opening the company's bank settlement account (the account number must be reserved, stamped with the official seals of the bank and the enterprise, and signed by the bank); It is also necessary to provide the business registration certificate or registration certificate of overseas institutions;
2. Identification documents of overseas institutions as legal persons (ID cards, passports, etc.). );
3. Agreements and contracts between overseas institutions and domestic related parties (such as foreign exchange trade contracts, service contracts, income distribution and transfer agreements, etc.). );
4. Chinese and English versions of the articles of association of the overseas institution and a certificate of consistency between Chinese and English;
5. Legal person certificate (such as resolution of the board of directors and authorization of the board of directors);
6. Organization code certificate of overseas enterprise.
Offshore account account opening process:
1. First, the directors of the company bring all the documents needed to open an account.
2. Then the directors and relevant personnel shall sign the account opening documents under the witness of the Company.
3. After that, the account opening documents will be forwarded to the head office of the offshore bank for review.
4. After the audit is completed, the company account number will be confirmed.
5. Finally, the Head Office sends account items (such as bank passbook and password, etc.). ).
In addition, the main advantage of opening offshore account is low tax, and some places are even tax-free. Another advantage provided by offshore bank accounts is their privacy policy, and they are unwilling to disclose customer details to third parties.