(1) Freedom of fund transfer: offshore account is equivalent to a bank account opened overseas, and it can freely transfer funds from offshore account without domestic foreign exchange control.

(2) The deposit interest rate and variety are not limited: it is more favorable than the similar deposit interest rate of domestic and foreign banks, and the deposit and withdrawal are flexible, especially for large deposits.

(3) Exemption from deposit interest tax: China government is exempt from deposit tax on deposit and withdrawal interest in offshore account.

(4) Improve the comprehensive operation efficiency of domestic and overseas funds: A number of banks can provide full-service features of onshore business and overseas banking business, reduce the comprehensive cost of funds, accelerate the turnover of domestic and overseas funds, and improve the efficiency of fund use.

(5) Domestic control and overseas operation: It is very convenient to receive and pay foreign exchange in offshore account, but cash cannot be deposited in offshore account. Since offshore account is opened in the name of an overseas company, the foreign exchange received by offshore account belongs to the income of the overseas company, not to your domestic company.