Different banks in China have different requirements. There is no requirement for company remittance only.
There is a company card in the account of HSBC, which can be used to withdraw money from domestic ATMs, with a maximum of 20,000 Hong Kong dollars equivalent to RMB per day. Just take it a few more times.
Offshore account is also called osa account, and the accounts opened by overseas institutions in the offshore business department of domestic banks that have obtained offshore bank qualification according to law belong to overseas accounts; Offshore account only opens accounts for companies, not personal accounts. Compared with nra accounts, offshore account is less subject to foreign exchange control. From the perspective of capital security, offshore account is safer and the supervision of the State Administration of Foreign Exchange is not so strict.
In the financial field, offshore account refers to the bank where depositors open accounts outside their country of residence. On the contrary, banks located in the country where depositors are located are called onshore banks or domestic banks.
I advantages of the account
1. Freedom of fund allocation:
A customer's offshore account is equivalent to an account opened in an overseas bank, and he can freely transfer funds from offshore account without domestic foreign exchange control.
2. The deposit interest rate and variety are not restricted:
The deposit interest rate and variety are not restricted by domestic supervision, and are more favorable and flexible than similar deposit interest rates of overseas banks. In particular, large deposits can be customized according to customer needs in terms of interest rate and term, which is flexible and convenient.
3. Exemption from deposit interest tax:
China * * is exempt from deposit interest tax on the interest earned from offshore deposits. The actual net income of offshore deposits is even more impressive.
4. Improve the comprehensive operational efficiency of domestic and foreign funds:
It can make full use of the full-service characteristics that banks can provide onshore business and overseas banking functions, reduce the comprehensive cost of funds, speed up the turnover of domestic and foreign funds, and improve the efficiency of fund use.
5. Domestic control and overseas operation:
Offshore account can operate through online banking.
Second, the shortcomings of the account.
1. Offshore banks are also common places for criminals to launder money, so they have a bad reputation.
2. Encourage residents to avoid or evade taxes.
3. Being away from the depositor's residence may bring inconvenience to the depositor's service.
4. The minimum deposit for opening offshore account is generally high, so it mainly serves people with higher incomes.
Third, the role of accounts.
1. Banks are located in countries or regions with low tax rates, so they can be used as tax havens.
2. The countries where offshore banks are located have stricter requirements for protecting depositors' privacy.
3. Avoid the supervision and management of account activities in the depositor's country, such as prohibiting the opening of anonymous accounts.
4. Protect the deposit when the country where the depositor is located is politically or economically unstable.
Four. Place of establishment
1. Many famous wealth management companies in the Isle of Man have accounts here.
2. The oldest and most developed capital market in London, the merger of offshore account and onshore accounts.
Hong Kong and London are very similar. Many China enterprises set up offshore companies to open accounts there, which is especially highly recommended by European and American companies, because Hong Kong is more confidential than London.
4. Singapore and Hong Kong are similar, but the supervision is stricter, and offshore and onshore accounts cannot be completely merged.
5. The financial centers in Cayman Seychelles and British Virgin Islands are pure offshore ports with good confidentiality, but there may be no services under the letter of credit.
6. Luxembourg and Belgium are located in the European continent, with large countries and few resources. Attracting hot money is the main way for them to make profits.
Offshore account osa account opened by a Hong Kong company in Hongkong and Shanghai Banking Corporation.