What is the use of opening an offshore account for a domestic company outside the country Experts he

The offshore company --- allows the registered investor not to operate in the place of registration, but to operate the company in a country other than the place of registration.

Offshore Account Features:

1- The company account opened by the company is free to receive and pay foreign exchange, and there is no need to write it off.

2- Reasonable tax avoidance (tax avoidance is legal, while tax evasion is illegal) 3- The company is simple to manage and has low maintenance costs.

Offshore companies are not omnipotent, no tax refund, whether they need to be registered, depending on the situation, the three characteristics of offshore accounts are A-no RMB business.

b- No foreign exchange settlement.

C- Cash deposits and withdrawals are not allowed, and the money needs to be transferred to an individual account for remittance into RMB

To register a Hong Kong company, you only need to provide a copy of the ID card or passport of the shareholder director (one or more of them can be over 18 years old or of any nationality), and choose the company name.

An offshore company is an offshore company that does not have the right to import and export in the mainland and cannot import or export in the mainland.

Key Benefits of an Offshore Company:

Free receipt and payment of foreign exchange, no need to write-off. Reasonable control of import and export costs.

Offshore company export model:

One. The tax rebate is low, and the amount is small, and the direct payment is exported.

Two. If you need a tax refund, you need to find an enterprise with import and export rights in the mainland to help you verify and write off the tax rebate for export.

Disadvantages of offshore companies:

1. There is no right to import and export.

2. The account cannot be operated in RMB.

Four advantages of offshore companies.

1- The company account opened by the company is free to receive and pay foreign exchange, and there is no need to write it off.

2- After receiving foreign exchange, you can transfer money to business or private.

3- Reasonable tax avoidance (tax avoidance is legal, while tax evasion is illegal) 4- The company is simple to manage and has low maintenance costs.

An offshore account is an offshore account.

Offshore accounts, also known as OSA accounts, are overseas (including Hong Kong, Macao and Taiwan) natural persons, legal persons (including Chinese overseas investment enterprises registered overseas), ** institutions, international organizations and other economic organizations, including overseas support institutions of Chinese-funded financial institutions, but excluding overseas representative offices and offices of domestic institutions Accounts opened in the offshore business department of domestic banks that have obtained offshore banking business qualifications in accordance with the law are overseas accounts.

Offshore accounts are less subject to foreign exchange controls than NRA accounts, and from the perspective of capital security, offshore accounts are safer and less strictly regulated by the State Administration of Foreign Exchange.

An offshore account in finance refers to a bank account opened by a depositor outside of his or her country of residence. Conversely, a bank account located in the depositor's home country is referred to as an onshore bank account or onshore bank account.

Offshore Account Advantages:

1. Freedom of fund allocation:

The client's offshore account is equivalent to an account opened in an offshore bank, and funds can be freely transferred from the offshore account without domestic foreign exchange control.

2. There is no restriction on deposit interest rates and varieties

The interest rate and variety of deposits are not restricted by domestic supervision, and the interest rates are preferential and flexible compared with similar deposits of overseas banks. In particular, large deposits can be tailored according to customer needs in terms of interest rate, term, etc., which is flexible and convenient.

3. Exemption from deposit interest tax

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

4. Improve the comprehensive operation efficiency of domestic and foreign funds

It can make full use of the all-round service characteristics of banks that can provide both onshore business and overseas banking functions, reduce the comprehensive cost of funds, accelerate the turnover of domestic and foreign funds, and improve the efficiency of capital use.

5. Domestic control, overseas operation:

Offshore accounts can be operated through online banking.

An offshore account is an offshore account. An offshore account in finance refers to a bank where the depositor opens an account outside of his or her country of residence. Conversely, a bank located in the depositor's home country is called an onshore bank or an onshore bank.

OSA account, the full name of offshore account, is an account opened by an overseas natural person, legal person, company, organization, etc. in the offshore business department of a domestic bank that has obtained offshore banking business qualifications in accordance with the law, and is an overseas account.

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Offshore companies are not suitable for every friend who does foreign trade.

Advantages: 1. The external company header is the same as the payout letterhead.

2. High control over funds.

3 Tax avoidance. Disadvantages: 1 Account opening fee and its annual review fee (about RMB6000 in the first year of account opening, and about RMB2000 per year after that).

2 Handling fee per payout ($30 to $50).

3 Transfer time cost.

In terms of funding) for example:

Assuming a profit of 150,000 yuan a year, using an offshore account 20 times a year on average, and an average handling fee of 40 US dollars, the first year will cost 5,200 yuan in handling fees, plus about 6,000 yuan in the first year, a total of about 11,200 yuan a year.

You let ** collect foreign exchange, and the last 150,000 profits are withdrawn, and the business tax that needs to be paid is 9,000 RMB

That is to say, it is definitely not cost-effective for you in the first year, you just got back in the second year, and the offshore account at the end of the third year really helped you save about 2,000 yuan in taxes.

But you have a lot of things to do in the past 3 years, such as transferring money, and waiting for the water bill to come out to the next family. If you want to change the bill of lading to the letterhead, you have to wait for the transfer time of the bank, etc.

This is my personal opinion on offshore accounts, if your annual net profit does not reach 200,000 RMB, it is not very necessary to open an offshore account.

It is advisable to open an offshore account.

You must know that to do foreign trade, receive and pay US dollars or foreign currency, you need to have an account without foreign exchange control and can accept any international currency to receive or pay. And it does not have cumbersome corporate management affairs (offshore company management is very simple, basically managed by a secretarial company); In addition, offshore companies have low maintenance costs and low tax costs; It not only meets the needs of free collection and payment, but also has low cost, which shows that opening an offshore account brings great convenience to the collection and payment of foreign trade.

Depending on the needs of your own company, if the profit margin is relatively large, it is recommended to open one! If not, there is no need!

There is an offshore account number, which can facilitate future foreign trade operations, and our company can assist in opening an offshore account.

There are two options for opening an account after the Hong Kong company is incorporated.

1. The account is opened overseas as an overseas account

For example, more of them will be opened to Hong Kong now. There is no foreign exchange control in Hong Kong, in the future, you can withdraw and withdraw all the money in the account directly over the counter, Hong Kong as the world's third largest financial center, the bank's services are more than the mainland If the account is opened in Hong Kong, the company's shareholders and directors need to be present to sign in person when opening an account, as a certificate for future operation, and can also be operated in the mainland through online banking or fax operation in the future.

2. The account is opened in the mainland, which is called an offshore account

Same as opening in Hong Kong, the nature of offshore accounts is the nature of overseas accounts, which are not subject to foreign exchange control, and it is convenient to use foreign exchange, and you can transfer money at will. However, offshore accounts cannot be directly deposited and withdrawn, and the use of foreign exchange can be completed in the form of first transfer and then withdrawal.

If the settlement method of the Hong Kong company is TT in the future, then it can be said that the account is carried in HK or the offshore account in the mainland is the same. However, if there is a lot of settlement in LC, then the account opening HK will require you to send the documents to the HK opening bank, which is a factor to consider in terms of time and security. In fact, a HK company can open multiple accounts, and you can choose to open a most convenient bank account according to your company's situation, and if you need to open other accounts for subsequent business development, it is also an option to open another account.

Many people think that offshore accounts and local accounts are the same, only one is opened in China and the other is opened in Hong Kong.

This view is incomplete.

In fact, offshore account refers to an account opened by a non-Hong Kong local bank.

Local Account: refers to an account opened with a local bank in Hong Kong.

The difference between an offshore account and a local account: A local account has a bank card and can withdraw cash in the country.

The offshore account is just an account number, which cannot withdraw cash in China, and can only be transferred and settled online.

Relatively speaking, local accounts are more favorable.

After registering a Hong Kong company and opening a corporate account, how can I withdraw the US dollars received from the account?

Accounts opened in the name of Hong Kong companies, whether they are local accounts in Hong Kong or offshore accounts, can be transferred to domestic personal accounts through online banking operations.

Or the domestic company account can be settled again, and there is no problem with the transfer of business to private.

Special attention should be paid to the following when transferring an offshore company account from Hong Kong to a domestic personal account:

1.Nowadays, many banks need to provide labor or commission contracts for domestic personal accounts.

2.The transfer amount should not be too large, and it is generally recommended to be less than 10,000 US dollars, otherwise it needs to be declared by the State Administration of Foreign Exchange.

3.It is generally recommended to use Bank of China or China Merchants Bank, which is easier to record.

4.The transfer time is generally 2 working days.

5.Labor and commission contracts can be signed with your own Hong Kong company and yourself.

6.If the remittance is used to write the payment, it generally cannot be recorded in the account, and if it can, the corresponding contract must be provided; It is advisable to write about translation fees, allowances, bonuses, etc.

7.At present, some banks need to provide tax payment certificates for foreign exchange settlement, which means that secondary banks cannot settle foreign exchange, and Bank of China now uses more.

How many dollars can a domestic personal account receive in a year? Does the recipient need to pay taxes in China when I receive US dollars?

There is no one-year limit on the amount of money transferred from an offshore account to a personal account, but if you transfer a large amount of US dollars at a time, the bank will require you to declare, so it is recommended to transfer a small number of times to avoid this trouble. In addition, this declaration has nothing to do with the payee's personal income tax, which does not mean that the tax will be paid immediately after the declaration. In China, it is now a voluntary declaration of personal income of more than 120,000 yuan, which has nothing to do with whether it is transferred from an offshore account.

Hong Kong company registration has many advantages, and more and more people are registering Hong Kong companies, because Hong Kong is an international metropolis, and Hong Kong companies have many advantages, so what is the difference between Hong Kong company registration and Chinese companies?

Difference between Hong Kong company registration and domestic company registration:

1. Company name, Hong Kong companies are more free to name than domestic companies. There is no restriction on the size of the company, and the name can be added with the name of the country or region.

2. Different business scope: There is no restriction on the business scope of Hong Kong companies, and enterprises can fill in the business scope on the business registration certificate as needed, with a maximum of 30 Chinese characters and 60 English letters. Domestic companies are not allowed to operate in multiple industries at the same time, and some industries even have special restrictions.

3. Different business addresses: Hong Kong companies do not forcibly lease office addresses, and are allowed to be attached to other office buildings (but must be a business address in Hong Kong). However, Chinese companies must actually lease office buildings, and a small number of areas can be addressed.

4. Different foreign exchange control: Hong Kong companies have free foreign exchange in and out, and in and out of foreign exchange; However, Chinese companies are regulated, and enterprises must have the right to import and export, and can only pay foreign exchange after the goods declared by the customs or withheld taxes.

5. Hong Kong company tax is low: Hong Kong company tax rate is low, general companies only involve profit tax, and the tax rate is only profit; And you only need to file your taxes once a year. However, mainland companies have many types of taxes, high tax rates, and complex taxes, and the corporate income tax rate of Chinese companies is 25%.

Enterprises declare taxes on a monthly and quarterly basis according to tax types, and need to settle and pay them at the end of the year. Web Links.

There are 4 main differences: the documents required for opening an account are slightly different; The amount of the initial deposit to open an account is different; The standard of account opening service is different; Mainland offshore accounts do not accept cash deposits.

Domestic individuals are not allowed to open offshore accounts.

In the financial sector, an offshore account is a bank account opened outside the territory of the depositor's country of residence. In contrast, a bank account in the depositor's home country is known as an onshore bank account or a domestic bank account.

It is understood that all non-Chinese residents, including overseas registered companies, enterprises, factories, organizations, banks, depository companies, ** organizations and individuals, can open overseas accounts in banks that support overseas accounts.

It can be seen that because only non-Chinese residents and overseas companies can open offshore accounts, individuals in China are not allowed to open offshore accounts.

Extended Information: The Role of Offshore Accounts:

1. Banks are located in countries or regions with lower tax rates, so they can be used as tax havens.

2. The countries where offshore banks are located have stricter requirements for protecting the privacy of depositors.

3. Evade the supervision and management of account activities in the country where the depositor is located, such as prohibiting the opening of anonymous accounts.

4. Protect deposits in times of political or economic instability in the depositor's country.