Explanation:

Offshore accounts are also called OSA accounts. Accounts opened by overseas institutions in the offshore business departments of domestic banks that have obtained offshore banking business qualifications in accordance with the regulations are classified as Overseas account; Offshore account is only for company account opening, individual account opening is not supported. Compared with NRA accounts, offshore accounts are less subject to foreign exchange controls. From the perspective of fund security, offshore accounts are safer and are less strictly regulated by the State Administration of Foreign Exchange.

Offshore accounts in finance refer to banks where depositors open accounts outside their country of residence. In contrast, banks located in the country where the depositor resides are called onshore banks or onshore banks.

Pinyin: lí àn zhàng hù

Sentence:

Allow free exchange of currencies traded in offshore accounts.

The biggest advantage of opening an offshore account is tax exemption and trade with third countries.

Our company can assist customers in opening Hong Kong local accounts and mainland offshore accounts.

Enterprises are allowed to open offshore accounts to provide fund settlement facilities for their overseas businesses.

The oldest and most developed capital market, offshore accounts and onshore accounts operate concurrently.

Registered financial products have offshore accounts, and investors do not have to bear these taxes.

Offshore accounts in finance refer to banks where depositors open accounts outside their country of residence.

Capital transactions between offshore accounts and other domestic accounts are managed in accordance with cross-border fund transactions.

The starting savings amount for opening an offshore account is generally higher, so it mainly serves people with higher incomes.

When multiple domestic residents accept remittances from an offshore account, the transfer and settlement of funds are operated by one person or a small number of people.

The local banks in Hong Kong that work closely with our company include: HSBC Hong Kong, Hang Seng Hong Kong, and the mainland offshore account bank: Shenzhen Development Bank.

The customer's offshore account is equivalent to an account opened in an overseas bank. Funds can be freely transferred from the offshore account and are not subject to domestic foreign exchange controls.

Shenzhen Development Bank and Shanghai Pudong Development Bank opened offshore accounts.

The company's main business is the registration of overseas companies in Hong Kong, the United Kingdom, the United States and other countries, the registration of international trademarks, international patents, international certification, offshore accounts and financial management, tax filing and other services.

Export-oriented enterprises such as trade and logistics with actual needs registered in the Yangpu Economic Development Zone are supported to open offshore accounts in domestic banks to provide fund settlement convenience for their overseas business.

For the payment recovered from the offshore account opened by the bank, the bank shall issue a special write-off page after handling the foreign exchange settlement or entry into the account in accordance with the regulations, and indicate on the special write-off page “domestic offshore account transfer”. change".

Based on business needs, there are two main options for opening an offshore company account: one is to open a so-called offshore account in the mainland, and the other is to open an account directly overseas.

For domestic foreign exchange accounts of overseas institutions to collect foreign exchange from domestic and overseas, transfer between each other, transfer to offshore accounts or make payments abroad, domestic banks can handle it directly according to customer instructions, etc., but the national foreign exchange Unless otherwise specified by the Administration.

Since funds from offshore accounts can flow into onshore through various channels, causing an impact on the domestic economy and financial system, onshore funds may also become offshore. Therefore, the authorities should closely monitor the transfer of funds offshore and onshore. For inter-shore flows, entities are required to declare flows between capital accounts to fully understand the flow and scale of offshore funds.