Offshore account's role and benefits:

1. Freedom of fund transfer: the offshore account of the customer is equivalent to an account opened in an offshore bank, and the funds can be transferred freely 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, which is more favorable than the similar deposit interest rate and flexible access of foreign banks; It is especially suitable for large deposits, and can be customized in terms of interest rate and term according to customer needs, which is flexible and convenient.

3. Exemption from deposit interest tax: The China government 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 operation efficiency of domestic and overseas funds: make full use of the characteristics that banks can provide all-round services for domestic and overseas banking business, reduce the comprehensive cost of funds, accelerate the turnover of domestic and overseas funds, and improve the turnover rate of funds. Efficiency of capital use.

5. Control overseas business in China: offshore account can operate through online banking. As long as the procedures are legal and the company operates normally, it is usually convenient for offshore companies to open offshore account. Opening an account in an internationally recognized and reputable bank can enhance others' confidence and trust in your company. At present, four domestic banks support offshore account, and almost all international banks support the opening of offshore account.

Foreign banks: HSBC, Standard Chartered Bank, Nanyang Commercial Bank, Bank of East Asia, Citibank and many other banks. II. Use of funds in offshore account: cash withdrawal and foreign exchange settlement.