Bank account with no transfer limitation?
Why is Zhejiang Chouzhou Commercial Bank so popular now?
Many foreign trade businessmen have registered offshore companies in Chinese mainland and opened offshore accounts to collect and pay foreign exchange. However, due to the strict foreign exchange control in Chinese mainland, the process of repatriating profits to mainland becomes troublesome.
However, Chouzhou Bank helped businessmen solve this problem, although it is a not well-known local bank, but relatively stable and safe.
• Today, SOLUTIONS will introduce the NRA account of Zhejiang Chouzhou Commercial Bank.
01
What is an NRA account?
Chouzhou Commercial Bank
NON-RESIDENT ACCOUNT，is domestic banks are allowed to open domestic foreign exchange accounts for overseas institutions.
In fact, it is to register a company account opened by an overseas company. Most domestic banks have NRA account opening services.
02
What are its advantages?
Chouzhou Commercial Bank
1.Receive USD, RUB and also L/C
2.Exchange RMB for FREE
3.Lower bank fee
4.No transfer limitation
5.No need deposit
6.New overseas company can also open
03
Applicable Objects:
Chouzhou Commercial Bank
1. Chinese and non-sanctioned nationals
2. Companies registered overseas
3. Overseas trade, business export foreign exchange settlement needs
04
Basic Information Required:
Chouzhou Commercial Bank
1. Certificate of Incorporation
2. Business Registration Certificate
3. The latest incorporation or annual audit form
4. Chinese and English articles of association
5. Official seal, personal seal of directors
6. The latest 3 months of bill
7. The original ID card/passport of the director (legal person)
8. Special encoding certificate
*If the company documents are not in Chinese, Chinese and English translations must be provided
If you need any more information, feel free to contact SOLUTIONS. We will be glad to assist you.
SOLUTIONS
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