Pros and cons of opening an offshore bank for the bank itself!! Urgent!! 50

Pros: 1. More foreign exchange reserves. 2. Handling fee, because the offshore account fee is charged on a per-transaction basis, each transaction is about 20USD, some banks can be higher, and some banks have a minimum deposit standard, and if the standard is not met, it will still be charged.

3. Once a customer in the bank is successfully listed overseas, the bank will have great benefits.

Disadvantages: 1. Offshore accounts are used to avoid taxes, whether it is domestic capital or foreign capital, once the State (Harmony) Tax Bureau and the Foreign (Harmony) Administration Bureau check the customer account, you disclose information is sorry for the customer, and the government (Harmony) is sorry for not disclosing information.

2. To carry out offshore business, an additional set of e-commerce systems, staff and account managers are required, which is a large maintenance cost for the bank.

3. Accounts used for illegal crimes, this does not need to be explained.

These things should be better understood by the people in the bank, these are just suggestions, I hope it can help you. You can go to the bank and ask an offshore account manager.

I haven't thought about it too much. To put it simply:

Disadvantages: 1. Because it is an offshore account, the account opening unit is definitely not a domestic enterprise, and there is a certain risk in verifying the authenticity of the enterprise, and it is possible to encounter fraud;

Foreign exchange deposits, foreign exchange loans, interbank foreign exchange loans, international settlements, issuance of large negotiable certificates of deposit, foreign exchange guarantees, consulting, witness business, and other businesses approved by the State Administration of Foreign Exchange.

Types of offshore accounts: HKD Savings, Foreign Currency Savings, HKD Current Account (Checking Account), USD Checking Account, HKD Wealth Management, Foreign Currency Saving, Internet Account Number, Import and Export Letter of Credit (LC).

The most basic concept is that offshore banking business refers to the bank absorbing non-resident funds and serving the financial activities of non-residents, in short, offshore banking business refers to the domestic bank approved by the regulatory department, that is, the original People's Bank of China, to provide comprehensive banking services to qualified people operating abroad, absorb their deposits, and use deposits to support the loan activities of our overseas enterprises. Then, the characteristics of offshore banking business, compared with our commercial banks, first, offshore accounts are safe and confidential. Second, the funds in the offshore account can be freely transferred around the world, because the external funds of our offshore bank cannot come in from abroad, so the funds in the account can be freely transferred.

Thirdly, offshore bank deposits have a tax-free opportunity compared to banks in the world. Fourth, our overseas business is operated domestically, that is, our company goes abroad, and the bank operates in China, which can reduce the company's cost. Fifth, when we go abroad, some companies will choose preferential countries to set up companies, how to reasonably avoid taxes.

Since offshore banking has such good advantages, let's take a look at the history of offshore business development. Offshore banks were formed in London in the late fifties. In the sixties, it began to take shape in Europe, for two reasons, the first is that the interest rate in the United States was very low in the sixties, so the European market can absorb dollar deposits, and there are some profit-seeking factors, and the dollar flows into the European market, such as the Eurodollar bonds in that market, in order to pursue high interest income in the European market.

Second, we were in the 60s, for example, in the financial markets in London, for British companies, if they were registered in the UK, they couldn't take out loans. So, foreign companies operating in the UK go after loans in US dollars. Well, in the seventies, some developing countries may have registered with them in order to attract more companies, such as some companies that are now known to have started offshore operations.

In the 80s, because of the offshore entry into the market, especially the dollar and the yen, the currency volume accounted for a very high proportion of the total financial market. Therefore, the United States and Japan have also adopted some measures to absorb US dollar funds or yen funds from abroad. As a result, offshore business began to take shape in the United States or Japan, and a large number of yen or U.S. dollars held by Japanese or American companies were deposited in U.S. banks.

Offshore banking.

Offshore banking business refers to the financial activities of our bank to absorb funds from non-residents and serve non-residents. It is commonly known as "two ends outside", that is, the capital is ** overseas, and the use of funds is also overseas.

1. It is helpful for non-resident legal persons and natural persons to obtain higher deposit and investment returns;

2. It helps customers to manage and operate the company's funds in a unified manner, and the offshore account is equivalent to the account opened by an overseas bank, which can be freely transferred and is not subject to domestic foreign exchange control;

3. The interest rate and variety of offshore deposits are not restricted by domestic supervision, and the interest rate is preferential, and the deposit and withdrawal are flexible, especially for large deposits, which can be tailored according to the needs of customers in terms of interest rate and term;

4. China exempts the interest obtained from offshore deposits from interest tax, and customers can achieve the purpose of tax avoidance;

5. Relying on our foreign exchange business branches in 75 cities across the country and 4 overseas branches in Hong Kong, New York, Tokyo and Singapore, customers can obtain efficient and convenient banking services through the market operation of "two ends abroad".

Offshore banking is aimed at non-residents. The so-called "non-resident" refers to natural persons, legal persons (including Chinese overseas investment enterprises registered overseas), ** institutions, international organizations and other economic organizations outside China (including Hong Kong, Macao and Taiwan). It includes overseas branches of Chinese financial institutions, but does not include overseas representative offices and offices of domestic institutions.

An offshore bank, also known as an offshore unit, is a bank or other financial organization located in an offshore financial center. Its business is limited to dealing with other overseas banking units or foreign institutions, and it is not allowed to operate in the domestic market.

Offshore banking in finance refers to a bank where depositors open accounts outside their country of residence. Conversely, a bank located in the depositor's home country is called an onshore bank or an onshore bank.

1. Benefits of opening an offshore bank account: The establishment of an offshore company overseas can enable enterprises to make full use of the convenience of international laws and international practices, save costs, operate flexibly, and help enterprises expand the vast overseas market. Once you've registered your offshore company, you may need a bank account to match it to handle business with international clients.

Offshore bank account opening is to open an offshore account in the name of an offshore company. Hongqiu International pointed out that opening an offshore account has the following advantages as a whole: 1. Free transfer of funds, no foreign exchange control; An offshore account is equivalent to an offshore bank account, which is not subject to the control of the current national foreign exchange system, and can freely dispose of the foreign exchange in the offshore account.

2. The interest rate is flexible, and the variety is not restricted; 3. Exemption from deposit interest tax; 4. Coordinated use of offshore accounts and domestic accounts, domestic control, and overseas operation; The funds of the offshore account can be directly operated in China with the help of online banking, ** bank or bank counter 5, improve the comprehensive operation efficiency and effectiveness of the company's domestic and foreign funds. Many banks have taken advantage of their strong onshore business advantages and unique offshore business advantages to develop a new business variety that combines onshore and offshore linkage services: integrated account management services, that is, offshore and onshore accounts are opened in one bank at the same time, and cross-border capital flows are managed in one bank.

2. Materials required for opening an offshore bank account Each bank has different requirements and required information for opening an account, if an enterprise needs to open a bank account, it is recommended to consult Hongqiu International for free of charge, and then we will also provide offshore bank account opening assistance services, arrange customers to open corporate accounts in Hong Kong and various international banks, and assist in making an appointment with the bank to prepare the relevant documents required for opening an account.

The main function is that there is no control over the sending and receiving of foreign exchange.

Advantages of an offshore account1. No foreign exchange control. Funds are transferred freely, there is no foreign exchange control, and foreign exchange in offshore accounts can be freely disposed of.

2. Flexible interest rates. The interest rate and variety of deposits are not restricted by domestic supervision, and the interest rates are more preferential and flexible than those of the same deposit of overseas banks.

3. Exemption from deposit interest tax; China** Interest tax is exempt on interest earned on offshore deposits. The real net income from offshore deposits is even more substantial.

4. Easy to operate. You can use online banking or ** wealth management to facilitate daily operations.

Answer]: Offshore banking refers to the various international financial businesses engaged in by foreign branches of a country's banks outside the country where their head office is located. After the 60s of the 20th century, especially since the 90s, the offshore banking business has developed rapidly.

The main reasons for this are: economic factors, i.e. the rapid development of world** and international capital flows. Financial control factors, i.e., the asymmetry of Hu Sensun** financial control.

For example, in terms of deposits, the United States** stipulates that every dollar deposit received by a domestic bank in the United States must deposit a part of the deposit into an account of the Federal Reserve Bank without interest as a deposit reserve. However, the UK** only levies reserves for sterling deposits in the UK, and not for US dollar deposits in the UK. In this way, American banks can set up branches in the United Kingdom and attract dollar deposits without paying reserves.

Bank of America branches in the UK can attract US dollar deposits with higher deposit rates, which is an advantage over their US branch branches. In terms of lending, Bank of America's branches in the UK are also able to offer borrowers loans at lower interest rates. Political factors.

For example, during the oil crises of 1973 and 1974 and 1979 and 1980, Arab oil-producing countries amassed large amounts of dollar assets. They risk confiscation and freezing of these dollar assets by depositing them in banks located in the United States, and thus in banks located outside the United States that can absorb dollar deposits.

Offshore banking is limited to freely convertible currencies. international settlement, etc.

The types of offshore banking business are:

1. Foreign exchange deposits and foreign exchange loans.

2. Interbank foreign exchange lending.

3. International settlement.

4. Issuance of large-value negotiable certificates of deposit.

5. Foreign exchange guarantee.

6. Consulting and witnessing business.

7. Other businesses approved by the State Administration of Foreign Exchange.

Foreign exchange. Currency transactions, foreign exchange guarantees, etc., can be consulted by Ruifeng Deyong's overseas consultants.

According to business needs, there are two main options for offshore companies to open an account: one is to open a so-called offshore account in the mainland, and the other is to open an account directly outside the country (considering the convenience, most of them are Hong Kong).

There are two main camps in Chinese mainland that provide offshore banking services: one is foreign banks, which are the first to be allowed to do offshore business when they first enter the mainland market, such as HSBC, Standard Chartered Bank, ABN AMRO, etc.; The other is Chinese-funded banks (mostly joint-stock banks), such as China CITIC Bank, Guangdong Development Bank, China Merchants Bank, Shanghai Pudong Development Bank, etc. Companies whose actual business is in the Yangtze River Delta and other regions far away from Hong Kong will tend to open accounts with these two types of banks because of convenience;

The top banks in the Hong Kong market can open relevant accounts: HSBC, Hang Seng Bank, Bank of China Hong Kong, Standard Chartered Bank, Bank of East Asia, Citibank, etc. (in order of the size of the Hong Kong market). However, please note that individual banks may charge an account opening fee, please contact the relevant bank for details.

There are also people who mention DBS, OCBC, HSBC, Standard Chartered Bank, United Overseas Bank, etc., Wachovia in the United States, HSBC in the United Kingdom, Barclays, etc., but after all, it is relatively rare in actual operation.

In addition, customers can also open accounts directly in Cayman, Seychelles and other offshore ports through professional institutions without going to the local area.