Mainland China

Selected banks in mainland China have obtained the necessary licenses to develop offshore banking services, including Shenzhen Development Bank, Guangdong Development Bank, China Merchants Bank, Shanghai Pudong Development Bank etc.

Both personal and corporate offshore accounts can be opened with those banks by non-residents, including foreign passport holders and companies registered overseas.

Most offshore accounts offered in China however have rather important minimum balance requirements, for many banks around USD50,000

Sinoinvest Consulting can assist in opening an offshore account in mainland China. The bank we work with has low minimum deposit or balance requirements, and a strong internet banking service. This service fee varies from USD150 to USD300 depending of the country of registration of the offshore company and the documents that need to be prepared. Deep discounts are given to clients who have incorporated their companies through us.

Please note that offshore bank accounts in China cannot take deposits from residents/Chinese nationals, and all transactions are in foreign currencies (USD). In that regard, they can not be used to receive payments in Chinese Yuans (RMB) from Chinese clients or partners.