In China, we have our own special regulations for handling overseas accounts. Not all banking and financial systems can handle overseas accounts. You can only choose one of the following four banks (Bank of China, China Everbright Bank, HSBC, and China Merchants Bank) and designate corresponding countries and regions as agents for different banks. China Merchants Bank targets Canada; Bank of China targets Canada, Paris, Singapore and the UK; China Everbright Bank targets the UK, Australia and New Zealand; HSBC targets the most countries and regions, about 35 countries and regions, and it is also its business scope. The widest. At present, most of the transactions are done at this bank. To see if the specific country and region you want is available, you can consult with your local HSBC bank.

The application procedures are as follows:

(1) Application

Administrative licensing applicants should submit the application materials directly to the functional department responsible for administrative licensing matters. Applications must be made on paper.

Applicants must provide the following written information:

(1) A written application signed and stamped with the official seal by the legal representative of the domestic institution or its authorized person (the content includes but is not limited to: Reason for opening the account, currency, maximum account amount, purpose, income and expenditure scope, period of use, bank to open the account and its location, etc.);

(2), the original business license issued by the industrial and commercial administration department and Copy of the same;

(3) Internal management regulations for the use of overseas accounts;

(4) When the above-mentioned materials cannot fully explain the authenticity of the transaction or the gap between the application materials Supplementary materials are required upon request.

Those engaged in overseas project contracting business should provide relevant project contracts in addition to the above documents and information.

If a foreign-invested enterprise opens a foreign exchange account overseas, in addition to providing the above documents and information, it should also provide the foreign-invested enterprise’s foreign exchange registration certificate, IC card and a certified public accountant firm’s verification that the registered capital has been fully paid. capital verification certificate.

(2) Acceptance

The current project management department of the Tianjin Branch of the State Administration of Foreign Exchange (Tanggu Central Branch) should carefully review the application materials submitted by the applicant and handle them in accordance with the law.

1. Applications that fall within the scope of the bureau’s powers, comply with the prescribed form, and have complete materials shall be accepted and a “Notice of Acceptance of Administrative License Application by the Tianjin Branch (Branch) of the State Administration of Foreign Exchange” shall be issued on the spot For applications where a licensing decision can be made and issued, a notice of acceptance of administrative licensing application does not need to be issued (the foreign exchange bureau shall issue it if requested by the applicant).

2. If the application materials are incomplete or do not comply with the prescribed form and can be notified on the spot, the applicant shall be notified on the spot of all the necessary supplements and corrections; if the application materials cannot be notified on the spot, the applicant shall be notified once within five days of the necessary corrections. All contents of the correction.

3. If the State Administration of Foreign Exchange does not accept the administrative license application, it should issue a "Notice of the State Administration of Foreign Exchange Tianjin Branch Not Accepting the Administrative License Application".

(3) Review and decision

1. After the current account management department of the Tianjin Branch of the State Administration of Foreign Exchange accepts the application for administrative license, it shall review the application materials. If the applicant's application materials are complete and true, comply with the prescribed form, and can make a decision on the spot, the decision to approve the administrative license shall be made in writing on the spot.

2. If the foreign exchange bureau decides not to grant an administrative license, it shall state the reasons in the written decision and inform the applicant of its right to apply for administrative reconsideration to the higher level foreign exchange bureau.

3. When reviewing an application for an administrative license, the foreign exchange bureau finds that the administrative license directly involves a significant interest relationship between the applicant and others, it shall notify the applicant and interested parties, and listen to the applicant's, interests The opinions of those involved.

(4) Time limit

1. The foreign exchange bureau cannot make a decision on the spot to grant administrative license or not to grant administrative license. It shall take twenty working days from the date of accepting the application for administrative license. make decisions within. If a decision cannot be made within twenty working days, it may be extended for ten working days with the approval of the person in charge of this bureau, and the applicant shall be notified in writing of the extension period and the reasons before the expiration of the twenty working days. ?

2. According to regulations, the lower-level foreign exchange bureau must first review the lower-level foreign exchange bureau and then report it to the higher-level foreign exchange bureau for decision. The lower-level foreign exchange bureau must complete the review within 20 working days from the date of accepting the administrative license application.

After receiving the review report from the lower-level foreign exchange bureau, the superior foreign exchange bureau shall also complete the review within 20 working days and make an administrative licensing decision. ?

3. If laws and administrative regulations have other provisions on the administrative licensing period, those provisions shall prevail.

Filing:

When issuing the "Notice of Administrative Licensing Application Acceptance (Rejection) by the Tianjin Branch (State Administration of Foreign Exchange) of the State Administration of Foreign Exchange", the foreign exchange bureau should number it in sequence. , and retain the application materials.

I hope it will be helpful to you.