What to look for in an offshore company bank account

　　Today many companies in order to better foreign development trend is to apply for registration of offshore companies, offshore companies usually must open an offshore company account. Not like everyone in China, the offshore company account is relatively difficult, many companies apply for offshore company bank account was rejected in a very wide range of conditions.

　　So, to enhance the offshore company bank account, must pay attention to what? Offshore company bank account bank how to choose?

Frequently Asked Questions about Offshore Company Bank Account Opening

　　In order to better enhance the offshore company bank account through the rate, must prevent the following aspects.

　　1.Imperfect data information prepared in advance

　　Bank account opening materials are not all prepared in advance is one of the primary factors that many customers are rejected. Incomplete information content account opening pass rate is very low. Many customers are not able to give a valid identity document, resulting in a long time to apply for processing or even unsuccessful, leaving a record of account opening failure in the bank.

　　2.Sensitive words in the company name or basic information.

　　When registering a company, sensitive words such as “private equity, group of companies, our country, the world” are not removed, which makes it difficult for banks to approve the company. Generally speaking, in such cases, the bank will need to give relevant information to carry out a financial audit.

　　3.The answer to this question and there are shortcomings.

　　In the whole process of opening an account, communication with the business manager to make the bank suspicious, for example, to understand the purpose of opening an account, the field of account opening, own funds, etc.. And the response is ambiguous, will cause the bank's distrust of the account holder, and finally cause the account to be rejected.

　　4.KYC Financial Due Diligence

　　It is very common for legal representatives of Hong Kong, China offshore accounts to open bank accounts. Some banks in Hong Kong, China will carry out “Customer Financial Due Diligence Verification” at the time of account opening, which requires the prospective customer to respond to a number of questions and submit some unavailable old documents, resulting in a complicated and difficult account opening process.