The examination and approval authority for foreign exchange accounts is the State Administration of Foreign Exchange. Therefore, to open a foreign exchange account, all domestic institutions must first go through the examination and approval procedures with the State Administration of Foreign Exchange, and then open an account in a bank with the "Approval Document for Opening a Current Account (or Capital Account)" issued by the Administration of Foreign Exchange.
You need to bring the following information to the local foreign exchange bureau to register the Directory of Foreign Exchange Receipts and Payments Enterprises:
1, copy of business license of enterprise as a legal person or business license of enterprise,
2. People's Republic of China (PRC) organization code certificate;
3. Registration Form for Foreign Trade Operators;
4. Other information required by the foreign exchange bureau.
Extended data:
Before going to the foreign exchange bureau for approval, the account opening unit needs to be clear about two things:
1, confirm the bank.
(1) The international credit rating of large banks is relatively high, and there are many opening banks and correspondent banks abroad, so it is convenient to handle settlement, guarantee and other businesses, and the settlement speed is also fast;
(2) Smaller banks tend to have more favorable fees and easier access to financing.
Therefore, enterprises that need to open an account must know the situation of each bank in detail, weigh and compare, and choose according to their actual situation.
2. Determine the account type
China implements the foreign exchange policy of freely convertible foreign exchange under current account, so foreign exchange accounts should be distinguished according to different sources of funds. Foreign exchange income from current account should be put into settlement account, and foreign exchange income from capital account should be put into capital account.
References:
Zhejiang Electronic Port-What information does a newly-established enterprise need to file with the foreign exchange management office after opening a foreign exchange account in a bank?
References:
Baidu Encyclopedia-China State Administration of Foreign Exchange