Current location - Loan Platform Complete Network - Foreign exchange account opening - What if an overseas travel agency opens an account in China?
What if an overseas travel agency opens an account in China?
You need to open foreign exchange accounts in domestic banks such as Bank of China, Industrial and Commercial Bank of China and China Construction Bank. You need to provide relevant supporting materials and go through the account opening procedures.

Foreign travel agencies operating in China need to open foreign exchange accounts in China. Foreign exchange accounts can be divided into basic foreign exchange accounts and general foreign exchange accounts. The basic foreign exchange account can only be used for foreign exchange settlement such as overseas travel and business activities, and does not have the function of cross-border fund transfer and remittance. If an overseas travel agency plans to set up a branch in China, it needs to open an ordinary account in the bank where it is set up. This account has the functions of remittance, remittance and other cross-border transfer of funds. To open a foreign exchange account, you need to pay the relevant handling fees to the local foreign exchange administration. Regarding the specific procedures and procedures for opening a foreign exchange account, you can consult domestic banks such as Bank of China, Industrial and Commercial Bank of China and China Construction Bank.

In addition, in order to facilitate foreign travel agencies to do business in China, the tourism and business departments of some cities in the mainland have also launched "service outsourcing" business to local overseas institutions to help them undertake some services such as inbound foreign businessmen and tourists. Please consult the local government department according to the specific situation.